Monday, June 17, 2019
2:00 – 3:00 pm (Eastern Time)
1:00 – 2:00 pm (Central Time)
12:00 – 1:00 pm (Mountain Time)
11:00 – 12:00 pm (Pacific Time)
As banks withdrew from CRE lending following the 2008 financial crisis, alternative lenders such as hedge funds, private-equity firms, and specialty debt funds stepped up to fill the void. Many traditional banks have not yet fully adapted to the shifting marketplace, and alternative lenders continue to gain market share.
Bank of the Ozarks, is but one example of a community bank that has successfully grown from a small, regional bank to become a dominant player in gateway market construction financing. As we move into the next economic cycle, CRE loans will likely default at higher rates than conventional financing.
This banking webinar covers the basics of alternative lending and associated regulatory risks, and highlights various strategies for banks to capitalize on this trend.
William Krasne is the founding principal of Spectre Equities, an entrepreneurial real estate investment firm focused on mid-market, value-add multifamily deals throughout the Mid-Atlantic. The firm has executed on more than $6M worth of property since inception. Prior to founding Spectre, William worked in real estate private equity at Starwood Capital Group and the Carlyle Group. At Starwood he was the lead analyst on more than $700M of closed hospitality transactions. At The Carlyle Group, he was responsible for managing assets that included a 5,000-unit multifamily portfolio in the Southwest, as well as a portfolio of high-end hotels in Florida. William began his career at Corbelis Management, a developer of master-planned communities, where he was responsible for underwriting new deals and managing the company’s active development pipeline of more than 2,500 housing units.
John Popeo is a principal at The Gallatin Group, a consulting firm that advises financial institutions, investment companies and technology firms on a range of complex transactions and bank regulatory matters. Prior to joining Gallatin, Mr. Popeo was a senior associate in the financial institutions group (FIG) at Hogan Lovells US LLP. He spent a decade in various roles at the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Bank of Boston. At the FDIC, Mr. Popeo assisted in responding to the 2008 global financial crisis and represented the agency before various subcommittees of the Financial Stability Oversight Council (FSOC). Mr. Popeo also drafted regulations to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Earlier in his career, he worked in the Financial Litigation Unit of the United States Attorneys’ Office. Mr. Popeo also serves as a faculty member at the Financial Integrity Institute at Case Western Reserve University School of Law.
1.0 CPE Credits