Real Estate Developers: Don't Get Crushed by the Transition to SOFR 2022 | iGLobal Forum | 31 October 2022 | Virtual
Venue
What is Qwoted?
Qwoted is a free expert network: we help reporters connect with experts & we help those same experts build relationships with top reporters.
| Event Date |
Tue Nov 1 UTC (about 2 years ago)
In your timezone (EST): Mon Oct 31 8:00pm - Mon Oct 31 8:00pm |
| Location | Virtual |
| Region | All |
Details
Transitioning your loans to SOFR will be challenging enough. Transitioning your loans and hedges at the same time will not be without hiccups unless you plan strategically and with sufficient time ahead of LIBOR's demise after June 30, 2023. Furthermore, there is not only the operational risk with interest rate caps concentrated with a few dealers in the market but amending your caps to meet specific covenant requirements may be expensive.
• Riverside's recommended approach to transitioning loans and hedges to SOFR
• The pros and cons of the four different SOFR indices in the market
• Nuances in your credit agreement and hedge requirements that may offer relier
Speakers
2022 Speaker
Joyce A. Frost
Partner, Riverside Risk Advisors LLC
Sponsors & Partners
2022 Sponsor
• Riverside Risk Advisors