Session Detail

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Schedule subject to change.

Note: Meeting rooms may change. Please refer to the MBA Events mobile app, available in both the App Store and Google Play, on-site for final locations.



Monday, February 10, 2020

  • Breakout Session: Capital Markets Corner: To Securitize or Not to Securitize

    Location: 2nd Floor,
    Seaport Ballroom H


    Speaker(s)

    Richard D. Jones, Managing Partner, Dechert LLP

    Wayne Brandt, Managing Director, National Originations and Director, Real Estate Capital Markets, Wells Fargo Bank, N.A.

    Erin Stafford, Managing Director, CMBS, DBRS, Inc.

    Bobby Geary, Managing Director and Head of Soutwest, 3650 REIT

    Stefanos Arethas, Head, CRE Origination, Credit Suisse

    Breakout Session

    The continuing evolution of the securitization business has included a sustained increase in commercial real estate CLO issuance as well as growth in bank warehouse lending business. Panelists explore where these new business lines fit into the financing landscape and what’s on the horizon for conduit lending and servicing.

    Speaker(s)

    Richard D. Jones, Managing Partner, Dechert LLP

    Richard D. Jones, chair of Dechert’s global finance and real estate practice groups, focuses his practice on capital markets and mortgage finance. Under Mr. Jones’ leadership, the practice was named the winner of the 2015 Law Firm Award for Real Estate by leading legal directory The Legal 500, which also described Mr. Jones as “one of the savviest capital markets/mortgage finance lawyers in America’s real estate sector.” In addition, Mr. Jones is consistently recognized as a leading lawyer by Chambers USA, which, in a recent edition, cited him as receiving “extensive praise for delivering high-level client service” and having “a fabulous reputation in the finance world."

    Widely recognized as a leader in the industry, he received the CREFC Founders Award and the Distinguished Service Award from the Mortgage Bankers Association (MBA) for his leadership.

    Mr. Jones frequently publishes and speaks on a wide range of issues affecting the capital markets and mortgage finance markets. He is the founder of, and principal author of, the Dechert blog, Crunched Credit, which takes a critical look at the global financial markets.

    Wayne Brandt, Managing Director, National Originations and Director, Real Estate Capital Markets, Wells Fargo Bank, N.A.

    Wayne Brandt is a Managing Director and the National Originations Director of the Real Estate Capital Markets Group at Wells Fargo Bank. Based in Los Angeles, Mr. Brandt directs the origination activities of Wells Fargo's CMBS and balance sheet lending businesses which generated over $9.5 billion in loan production in 2018. Previously, Mr. Brandt was head of real estate lending and debt investments for the Buchanan/TCW Funds, a $1.2 billion private equity firm that invests in JV equity, first mortgages and mezzanine loans in all major U.S. markets. Over his career, Mr. Brandt has helped build several lending and investment management businesses in both New York and Los Angeles. Wayne was previously a Managing Director of RBS Greenwich Capital where he directed real estate investments in the western U.S. and financed over $11 billion in real estate transactions. He has held previous positions as a Managing Partner at Menlo Equities, a $500 million private equity real estate fund, and as a Managing Director at Nomura Securities, heading its west coast real estate finance operations. He serves as a Board Member of Everest Properties, a multifamily owner operator, the Ziman Center for Real Estate at UCLA, a Governor of the Mortgage Bankers Association, Chairman of the Stanford Professionals in Real Estate and a Board Member, Trustee Member and Chairman of the Investment Committee of the Huntington Memorial Hospital in Pasadena, CA. He has authored several industry articles and served as a guest lecturer at the USC Lusk Center, UC Irvine Business School, UCLA Anderson School of Business, and the MIT Center for Real Estate. Mr. Brandt holds a MS in Real Estate from the Massachusetts Institute of Technology (MIT) and completed his undergraduate degree at Stanford University.

    Erin Stafford, Managing Director, CMBS, DBRS, Inc.

    Erin Stafford is a Managing Director with DBRS, Inc. in the commercial mortgage-backed securities (CMBS) group responsible for DBRS CMBS ratings activity in the U.S. and Canada. Prior to being appointed Head of North American CMBS in 2009, she managed CMBS surveillance for DBRS-rated transactions and commercial mortgage servicer evaluations. 

    Ms. Stafford has over 20 years of experience working at rating agencies in the CMBS industry. Prior to joining DBRS, Ms. Stafford was with Fitch Ratings in the CMBS group with a focus on monitoring ratings of existing CMBS transactions. She has served as a co-chair of the Post Securitization committee of the CRE Finance Council (formerly CMSA) and as Chair for the Servicer's Forum of the CRE Finance Council. Industry work for the CRE Finance Council also includes a White Paper on Canadian Defeasance and conducting IRP Tutorials as part of the Council's educational initiatives. Erin has also served as Chair of the International Committee for the Mortgage Bankers Association (MBA) and currently serves as a member of the board of governors (COMBOG). 

    Ms. Stafford holds a Masters of Business Administration from Northwestern University’s Kellogg Graduate School of Management with a concentration in real estate and a Bachelor of Science from the University of Wisconsin – Madison.

    Bobby Geary, Managing Director and Head of Soutwest, 3650 REIT

    Stefanos Arethas, Head, CRE Origination, Credit Suisse

    Stefanos Arethas is Head of CRE Origination in the Structured Products Asset Finance Group at Credit Suisse. Stefanos responsibilities include CMBS/CRE origination, loan structuring and eventual securitization/syndication. Previously, Stefanos was a ratings analyst in the Structured Finance Group at Moody’s Investors Services where he was a lead analyst. Before Moody’s Mr. Arethas spent seven years in at BB&T Commercial Real Estate. Stefanos has guest lectured on Real Estate Finance at Georgetown University, George Washington University and Columbia University