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Commercial Default

Five Star Announces Move into Commercial



The Five Star Institute - an education provider that offers professional guidance and a specialization in working with defaulted properties, is carving out its place in the commercial real estate sector.

FSI is hosting its first-ever Commercial Default 360° conference, from April 5-7 at the Sheraton Hotel in downtown Dallas. The conference provides a forum for mortgage default servicing professionals to collaborate with high-level players from the commercial real estate sector, to address the challenges the market faces in the wake of rising delinquencies, complex commercial mortgage restructurings, looming foreclosures, and swollen portfolios of repossessed assets.

The FDIC’s Suzy Gardner, a senior examination specialist in the agency’s policy and program development group, will be providing a keynote address. Gardner drafted the interagency guidance on prudent commercial real estate loan workouts issued by regulators in 2009. She will be

discussing this guidance in detail with Commercial Default 360° attendees and providing additional insight on workout options to save deteriorating assets.

The general consensus among analysts is that the commercial real estate sector will continue its downturn through 2010 and under the most favorable conditions, hit bottom and begin a slow trek upward by 2011. Along the way, financial institutions will be moving to clean up their balance sheets, whether that means modifying troubled loans or aggressively disposing of financially distressed assets.

According to Andi Zimmerman, president of The Five Star Institute, Commercial Default 360° will provide the solution-driven exchange and deal-making potential to meet the challenges of this pivotal era head-on.

“The commercial real estate sector still has a long road ahead to recovery, but with the right tools in place, default servicing professionals can help drive the industry to stability and growth,” Zimmerman said.

By connecting key distressed asset stakeholders, Commercial Default 360° aims to offer a backdrop against which solutions and strategies can be crafted to lessen the impact of the commercial real estate downturn for all industry participants-lenders, servicers, investors, borrowers, asset managers, legal representatives, and government agencies.

The Five Star Institute is an affiliate company of DS News, often working in union to bring educational opportunities to real estate and mortgage professionals across the country, in order to equip them with the training and certification needed to successfully navigate today’s default servicing challenges.
By: Carrie Bay - DSNews


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