The current state of the credit market has had far reaching effects for business. Builders are reporting an adverse shift in terms and availability on loans for acquisition, development and single family construction (AD&C) and builders with outstanding loans are facing mounting challenges. In this audio seminar, NAHB brings you together with banking experts to discuss the actions and options builders can pursue to achieve the best outcome on outstanding AD&C loans.
Our experts will discuss:
- The current environment for single-family residential construction lending
- Strategies, alternatives and hazards for both performing and non-performing credits
- Potential legal options that may be available to builders.
Daniel Finnegan, Managing Member of Finnegan Consulting, LLC in Tampa, Florida, assists regional builders, banks and investment entities to evaluate current market conditions and develop strategies. Daniel is a real estate finance professional with more than 30 years of experience within the commercial banking industry.
Bill Rothman, Senior Vice President, manages the Homebuilder Division’s Major Builder Group at IndyMac Federal Bank in Irvine, California. Bill has over 20 years of management experience in real estate finance, including 9 years in the Real Estate Division at Bank of America and 3 years as a Senior Vice President in the Home Builder Finance group at Washington Mutual.
Karna Gustafson is a Partner in the Portland, Oregon law office of Landye Bennett Blumstein LLP. Karna represents developers and builders and has written and co-written chapters on homeowners associations, condominiums and planned unit developments for the Oregon State Bar's Continuing Legal Education text, Regulations and Taxation of Real Estate.
