BREAKOUT SESSION: Closing Catastrophes - War Stories and Workarounds
Join this session to discuss the challenges and nuisances of commercial real estate loan closing. Hear from closing professionals as they present use cases of actual closing scenarios and the innovative workarounds and practical strategies employed for mitigating and overcoming these challenges.
Speakers
Moderator
Arren is a Real Estate partner in the Charlotte and New York offices of Seyfarth Shaw LLP. He serves as co-lead of the firm’s Distressed Situations team and is heavily involved with distressed asset situations, including loan workouts and restructurings. Arren represents loan servicers in connection with a wide array of loan servicing matters, including transfer of ownership matters (such as non-permitted equity transfers and loan assumptions), loan modifications, forbearance agreements, property substitutions and leasing-related matters. Additionally, Arren represents lenders, developers, owners and investors in a variety of other complex real estate financing transactions. Arren is the pro bono chair of the firm’s Charlotte office.
Speakers
Adam Chaudhary is the President of FundingShield, a risk management financial technology firm focused on wire and title fraud prevention used on over $3 Trillion in transactions to date. He currently focuses on executing the strategy, operations & client solutioning to drive FundingShield’s FinTech Inc5000 award winning technology. FundingShield protects real estate investors, IMBs, mortgage lenders, private lenders, warehouse-banks and real estate participants from wire fraud, title fraud and compliance risks. He is also the President of Pelican Point Investment Group, a boutique private investment firm and merchant bank located in Newport Beach, CA. He has been a loan and derivative portfolio manager, executive, investment banker and trader at firms such as Goldman Sachs & Co, Greenwich Capital, Royal Bank of Scotland where he provided solutions to top global financial institutions including private-equity firms, hedge-funds, insurance firms, asset managers and banks globally. He has originated, structured and delivered $40 Billion+ in financing solutions, hedging solutions and new products to the markets. He is based in Irvine, CA with his wife and two kids.
Mary Funderburk is Vice President/Senior Closer with Colliers Mortgage in Charlotte, NC. Mary joined Colliers in 2023 after spending 20 years with Grandbridge Real Estate Capital as well as prior stints as a paralegal in residential real estate, corporate and tax along with spending time in various law firms, law enforcement agencies and social agencies. She has specialized in closing loans for insurance companies, conduit lenders and banks across all property types at Colliers and Grandbridge, having closed over 1,500 loans totaling $10 billion for over 120 lenders during her career.
Rania S. Galan is a partner with Ballard Spahr LLP, a national law firm that represents more than 75 housing authorities, closes hundreds of bond transactions as bond and underwriter's counsel, and is involved in thousands of tax-credit transactions. Ballard Spahr routinely represents borrowers and more than a dozen lenders under all of the multifamily programs of Freddie Mac, Fannie Mae, and U.S. Department of Housing and Urban Development (HUD). Rania represents borrowers and mortgage lenders in commercial real estate financing transactions. Her practice involves the construction, rehabilitation, acquisition, and refinancing of market rate and affordable multifamily and healthcare facilities, with an emphasis on Fannie Mae agency loans and loans insured by the Federal Housing Administration (FHA). She counsels on the impact of the National Housing Act and FHA regulations, and advises clients on a variety of financing structures, concentrating on transactions involving bridge loan financing, Section 8 properties, tax-exempt bonds, tax credits, and healthcare financing. Rania and her Ballard Spahr colleagues represent private and public lenders, borrowers, and other clients nationwide, counseling on all aspects of HUD-insured financing transactions. Their work has included acquisition, rehabilitation, and new construction loans; tax-exempt bond financings credit enhanced by HUD insurance; Government National Mortgage Association mortgage-backed securities; IRP decoupling transactions; and transfer of physical assets applications. They are experienced in virtually all of HUD's multifamily programs and with the related tax, securities, environmental, and other legal issues associated with HUD transactions.
I am a Vice President at Walker & Dunlop in the Servicing department, with 12 Yrs. Experience. Manager of Capital Markets Ins. Pre-Closing Insurance and Compliance Renewals. Velinda Maxwell manages a dynamic team of professionals making sure all department loans are secured with adequate compliant commercial lines Ins. Service Large Portfolios totaling $18 billion +, $2.3K loans for 50+ Capital Market-Life Ins. Co Investors. Velinda's work experience in the Insurance Industry tips over 40+ years and speaks for itself as a high performer. Velinda has mastered her craft being a great analytical thinker, detail oriented, and passionate of the assignments. Velinda gives credit to the University of Miami Insurance Institute “Insurance 21 - General Principles of Insurance” for starting her professional career path.
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