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Friday, December 11, 2009
Country Springs Hotel
2810 Golf Road, Waukesha, WI 53187
7:15 AM Registration
7:30 AM Continental Breakfast
8:00 AM - 12:00 PM Program
REGISTRATION LINK
$99,
$129 Day of Event
Program Agenda:
8:00 AM Welcome & Introduction
Emcee: John Schwab, Wipfli LLP
8:05 AM
Evaluating Partially Complete Construction, Land and Empty Buildings
Moderator: Blake George, Lee & Associates; Ted Klumb, Ted
Klumb-Owner's Representative, LLC; Todd Phillips, Halcyon
Equities; Craig Raddatz, Fiduciary Real Estate
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How to deal with the owners of half
completed construction projects |
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Should we invest in land and if so, what
are some things we should consider |
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Options for empty condo buildings and how
to convert them to another asset |
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How to negotiate with lenders on deals
like these |
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How to evaluate different asset classes
and present an offer |
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When is the bid/ask price going to
converge |
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How does the supply look in each asset
class and where are we headed |
8:50 AM
What Lenders are Doing with Distressed and Under Performing Properties and
Loans
Moderator: Timothy Nettesheim, Reinhart Boerner Van Deuren s.c.; Michael
Blumenfeld, Bellwether Group, LLC; Mikko Erkamaa, Grandbridge Real Estate
Capital, LLC; Doug Mitcheson, Anchor Bank; Peter Mortenson, US Bank
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Bank originated loans: what is being held
and what types of loans are being sold |
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What is the current volume of under
performing loans and in what product types |
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The impact of foreclosures on lenders,
communities and consumers |
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When are banks getting active on problem
loans |
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Who is a source of financing today
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Senior mezzanine relationship and
inter-creditor issues on distressed projects, how to work with
participating banks |
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Mezzanine lenders as equity holders
what are they stepping into |
9:30 AM
Break
9:45 AM
Being Opportunistic! What to do NOW: Strategies and Ideas to Position Your
Organization to Reap Rewards
Moderator: John Schwab, Wipfli LLP; Crystal LaPlante, Wipfli LLP; Eric
Waldron, Wipfli LLP; Ken Kortas, Wipfli LLP
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Maximizing tax benefits to manage your
tax burdens |
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Identifying and mitigating risk in your
organization |
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Making loan workouts work and best
practices |
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Better understanding your customer and
markets |
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Effectively utilizing technology to
better manage relationships and enhance communications |
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Serving your customers with scarce
resources - money, time, people |
10:30 AM
Legal Strategies and Consideration for Distressed and Foreclosed Projects
Moderator: Dean Richards, Reinhart Boerner Van Deuren s.c.; Nancy Leary
Haggerty, Michael Best & Friedrich LLP; Rusty Long, Davis & Kuelthau, s.c.;
David Sanders, Reinhart Boerner Van Deuren s.c.; Jim Marlin, Chicago Title
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The foreclosure process how it works
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Foreclosure and mechanics lien litigation
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Lender and borrower rights during
redemption |
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Navigating title issues |
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Short sales and redemption from
foreclosure |
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Commercial vs. residential foreclosure
issues |
11:15 AM
Property Due Diligence, Inspections and a Complete Survey
Moderator: Peter Moegenburg, Moegenburg Research, Inc.; Jim Marlin,
Chicago Title; Wenbin Yuan, Dakota Intertek; Greg Uhen, Eppstein Uhen
Architects
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For "distressed" properties a complete
land survey is needed ALTA/ACSM land title Survey is recommended
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Surveys can be specified to include
property conditions needed for design |
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The importance of appraisals and how this
will impact your decision
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Current and historical appraisal values
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How property evaluations and inspections
should play a critical role in selecting properties to bid on
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Evaluating the strength of the market you
are buying into |
12:00 PM
Networking
REGISTER TODAY!
To sponsor this event, please contact Jeff Johnson,
jjohnson@rejournals.com - 952.405.7780 or Jay Kodytek,
jkodytek@rejournals.com - 952.405.7781.
For registration questions, please contact Stephanie Awe at
sawe@recg.com
or 952.405.7785
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Real Estate Communications Group
5353 Wayzata Blvd #307
Minneapolis, MN 55416
In the News
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Commercial real estate broker starts his own business
 Ted
Klumb, a commercial real estate broker at
Equity Commercial Real Estate LLC, recently launched his
own business, Ted Klumb Owner's Representative LLC.
Despite starting the new business, Klumb is still working at Equity
Commercial.
His Menomonee Falls-based business will provide turnkey services to
financial institutions for their non-performing commercial and
residential real estate. Those services include simple board ups,
repairs, cosmetic improvements, and property management while getting
the properties on the market and sold quickly.
Klumb said his objective is to provide a financial institution with a
single source, low cost vendor to preserve the value of their
non-performing real estate while selling it as rapidly as possible. The
company aims to be a single source resource for financial institutions
of any size, to reduce their losses on foreclosed, distressed, real
estate owned, or at risk property. The company provides services to
analyze the property, list the property for sale, preserve the value of
the property and perform simple repairs up to major construction
completion.
We want to give banks and credit unions more time to generate
business and reduce or eliminate their duties as property caretakers,
Klumb said. They have told us they want to concentrate on generating
new business instead of fixing old business. While discussing the
business model with my business advisors, we all thought there must be a
million people in the market doing this right now. Through our due
diligence, we discovered that few, if any, offered turnkey solutions to
financial institutions and fewer were locally based.
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Real estate
Commercial real estate broker Ted Klumb has launched Ted Klumb Owner's
Representative, Menomonee Falls, to provide turnkey services to
financial institutions for their non-performing commercial and residential
real estate, including board-ups, repairs, cosmetic improvements and
property management.
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