On-Demand: LIBOR and Other Bench Marks: A 101 Webinar

Thank you

Financial history was made on January 1, 2022, when LIBOR, a benchmark that has been a fixture in global markets for 45 years, was no longer allowed to be used in loan contracts for regulated entities. Since then, momentum has been building in the Secured Overnight Financing Rate (SOFR), the recommended alternative to LIBOR. Our expert faculty dive into how SOFR is being used in CRE securitizations and discuss some of the kinks that the market is still grappling with. The panel rounds out the session by providing practical information and considerations for new floating-rate loan contracts.

Description

Financial history was made on January 1, 2022, when LIBOR, a benchmark that has been a fixture in global markets for 45 years, was no longer allowed to be used in loan contracts for regulated entities. Since then, momentum has been building in the Secured Overnight Financing Rate (SOFR), the recommended alternative to LIBOR. Our expert faculty will dive into how SOFR is being used in CRE securitizations and discuss some of the kinks that the market is still grappling with. The panel will round out the session by providing practical information and considerations for new floating-rate loan contracts.

Contributors

Jonathan D. Gaynor, Associate, Dechert LLP
Jerry Wong, Head of Capital Markets, Trading and Structuring, Limekiln RE

Mr. Wong is currently a Managing Director and Head of Capital Markets, structuring and trading with Limekiln Real Estate. Prior to joining Limekiln, Mr. Wong was a managing director and head of CRE structuring and trading with Benefit Street Partners Realty Trust (BSPRT). Prior to joining BSPRT, Mr. Wong was a managing director / CMBS pricing manager in the capital markets group at GE Capital and responsible for pricing and hedging commercial real estate loans. Prior to joining GE Capital, Mr. Wong was a managing director at both Aareal Capital Corporation as head of credit investment and Eurohypo AG as head of trading and structuring. Mr. Wong started his finance career at Deutsche Bank where he was CMBS structurer and trader. Mr. Wong received a Master of Science from New York University and a Bachelor of Arts from Amherst College.

Thank you

Description

Contributors

Jonathan D. Gaynor, Associate, Dechert LLP

Jerry Wong, Head of Capital Markets, Trading and Structuring, Limekiln RE