Joel Berman whom I work closely, are speaking at the Special Assets Management Association’s (SAMA) first annual conference. In the current downturn it is best to have a game plan for how to tackle the flood of troubled loans that are now saturating the market. This conference will offer insight into the economy, regulatory perspectives, challenges of managing a tsunami of default loans, tricky asset valuations, creative workout and exit strategies, the navigation of the internal reporting process, and the hiring of the right professionals who service the industry. Joel is to speak on very timely issues aimed at these topics and you won’t want to miss them.
Joel Berman will be moderating a panel entitled, “Succeeding in Developing Turnaround Strategies and Rehabilitation” on May 13, 8 am – 9 am. The panel will address how to communicate with a borrower, whether to require a “pre-negotiation” agreement with a borrower, how to evaluate a borrower’s turnaround capabilities, and what terms and conditions belong with a forbearance agreement.
The SAMA conference takes place in Carlsbad, California from May 12 to May 14 and is a non-profit event dedicated to professionals in the workout arena. For additional information and to register, visit http://mysama.org/ registration code: “sama10”.
Joel Berman is a partner of Jeffer Mangels Butler & Marmaro LLP and has been practicing general corporate and commercial law for business owners and capital providers for 30 years. In addition to being a valued member of the JMBM Special Assets Team™, Joel is a co-chair of the Financial Services Group and is a specialist in secured transactions with an emphasis on asset-based lending, creditors’ remedies and loan workouts. Joel has extensive experience representing all types of lenders and also represents parties in structuring and implementing mergers and acquisitions.
This is Dick Rogan, bank lawyer and author of www.SpecialAssetsLawyer.com, signing off for now. Join us again soon to check out what’s new in the World of Workouts.
Year after year, day after day, workout professionals in the know rely on JMBM’s Special Assets Team™ to handle problem commercial and real estate loans. Whatever problem loans you have, chances are, we’ve seen it. Give us a call.
Our Perspective. JMBM represents commercial banks, special servicers, private lenders, asset-based lenders, hard money lenders and factors. We help lender clients throughout the United States craft business and legal solutions to their commercial and real estate troubled loans. For more information, please contact Dick Rogan at RRogan@JMBM.com, or (415) 398-8080.
Richard A. Rogan is Chair of the JMBM Special Assets Team™. He also serves as the co-managing partner of JMBM’s San Francisco office and co-chair of its Bankruptcy Practice Group.
JMBM’s Special Assets Team™ has represented hundreds of lenders in California and throughout the United States. We regularly appear in bankruptcy courts, district courts and superior courts. We are proud to serve as trusted counsel and advisors who look for a business solution and try to help lenders find the best possible resolution for each troubled loan. Whether a loan is being newly documented, restructured or litigated, JMBM’s Special Assets Team™ has the skill, know-how and experience to solve your problem in a practical no-nonsense way.
NOTE TO CONSUMERS: As a matter of Firm policy, JMBM does not represent individual consumers who have disputes with their lenders. Many lenders have specialized consumer workout professionals who have the time to help consumer borrowers. There are many fine attorneys who specialize in representing consumers. Individuals with consumer lending problems should contact a lawyer or law firm who specializes in consumer insolvency and bankruptcy in their local area. When in doubt, we suggest you contact your local bar association’s Lawyer Referral Service. [For example, see Bar Association of SF or LA County Bar Association Lawyer Referral Services]
JMBM does not provide legal advice to consumers, and cannot respond to consumer inquiries.