Session Detail

Error rendering content unit:*[@Name='SiteSearchRefine']

Sequence contains no elements

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.

1 results


Tuesday, February 11, 2020

  • Breakout Session: Big Little Loans: Examining Growth in Small Balance Lending

    Location: 2nd Floor,
    Seaport Ballroom G


    Speaker(s)

    Sam Chandan, Ph.D., Larry & Klara Silverstein Chair in Real Estate Development & Investment, Associate Dean, NYUSPS Schack Institute of Real Estate

    Rick Wolf, Executive Vice President, Greystone

    Gary Bechtel, President, Money360, Inc.

    Randy Fuchs, Principal and Co-Founder, Boxwood Means, LLC

    Mike Morey, Vice President and Managing Director, StanCorp Mortgage Investors, LLC

    Breakout Session

    Increasing small-balance commercial lending has been a blockbuster growth story this cycle. Whether it’s multifamily collateral or other property types, the growth in small-balance lending is epitomized by thriving agency lending programs competing with other sources of capital, as well as increased investor interest in secondary markets. Find out what factors are driving this trend and what the outlook is for this segment of the debt market.

    Speaker(s)

    Sam Chandan, Ph.D., Larry & Klara Silverstein Chair in Real Estate Development & Investment, Associate Dean, NYUSPS Schack Institute of Real Estate

    D. Sam Chandan, PhD is the Larry & Klara Silverstein Chair in Real Estate Development and Investment and dean of NYU's Schack Institute of Real Estate. He is also founder of Chandan Economics, a provider of multifamily and commercial real estate mortgage data and risk analytics to banks and bank regulators, and co-host of the Real Estate Hour on SiriusXM Business Radio.

    Dean Chandan's commentary on commercial and residential real estate markets and the broader economy has been featured regularly in national and global press, including the Wall Street Journal, the Financial Times, CNBC, and Bloomberg. Among his recent publications, he is the editor and co-author of Real Estate Financing, published by PEI, and the lead investigator for Regulatory Design and Real Outcomes, a major study on the regulation of commercial real estate lending commissioned by the Commercial Real Estate Finance Council (CREFC).

    Dean Chandan's applied research is focused on commercial real estate capital markets and risk analytics, as well as long term changes in space use patterns and the impact of these changes on cities. Dean Chandan presents regular updates on commercial real estate lending trends to US and global regulators, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation (FDIC). He holds an honorary appointment as the Economist Laureate of the Real Estate Lenders Association and has served on the real estate advisory council of the Federal Reserve Bank of Atlanta.

    Dean Chandan received his PhD in Applied Economics from the Wharton School and was a Doctoral Scholar in the Economics Department at Princeton University. In addition to real estate, his academic work has focused on issues relating to school access, poverty reduction, and development economics. In addition to his doctorate, he holds graduate degrees in economics and engineering and an undergraduate degree in economics, finance, and public policy.

    Dean Chandan was previously the Laurence and Susan Hirsch Adjunct Associate Professor of Real Estate at the Wharton School and a visiting professor on the faculty of the Economics Department at Dartmouth College. Prior to founding Chandan Economics, Dean Chandan was Global Chief Economist and Executive Vice President at Real Capital Analytics (RCA). During his tenure as Chief Economist and Senior Vice President at Reis (NASDAQ:REIS), he was part of the executive team that took the company public.

    Rick Wolf, Executive Vice President, Greystone

    Rick Wolf is an Executive Vice President and leads Greystone’s small loans production, which includes Fannie Mae and Freddie Mac platforms. Previously, he worked at Fannie Mae for 11 years as Vice President where he was responsible for small loan production, negotiated pools and large national accounts. Rick also worked in securitization groups at Merrill Lynch and KPMG. He holds an MBA in finance from Florida State University and a Bachelor’s degree in Economics from the University of Miami.

    Gary Bechtel, President, Money360, Inc.

    Gary is the President of Money360 and is responsible for developing and executing Money360’s expansion strategy. Gary also serves on Money360’s Credit Committee and Board of Directors.  Prior to joining Money360, he was Chief Lending/Originations Officer of CU Business Partners, LLC, the nation’s largest credit union service organization. Previously, Gary held management and production positions at Grubb & Ellis Company, Meridian Capital, Johnson Capital, FINOVA Realty Capital, Pacific Southwest Realty Services and Hometown Commercial Capital. Gary began his career with the Alison Company. Over the past thirty-four years, Gary has served in numerous roles (as a lender or an intermediary) and been involved in all aspects of the commercial real estate finance industry including the origination, underwriting, structuring, placement and closing of over $10 billion in commercial debt transactions ranging in amounts from $1 million to $150 million. These transactions were placed/funded with a variety of capital sources including life companies, commercial banks, and equity and mezzanine funds, on property types that included office, retail, industrial, multifamily, hospitality, self-storage and manufactured housing. He is a member of the Mortgage Bankers Association of America, California Mortgage Bankers Association, National Association of Industrial and Office Properties, and International Council of Shopping Centers. Gary regularly speaks at industry events and has written articles and been quoted in numerous regional and national publications.

    Randy Fuchs, Principal and Co-Founder, Boxwood Means, LLC

    Randy is a principal and co-founder of Boxwood Means. He has overall responsibility for the firm’s operations, market research, and sales and marketing. With 30 years of experience as a commercial real estate (CRE) market analyst, Randy pioneered research on the previously uncharted territories of the small commercial property and loan markets. Today, Boxwood’s core services of property valuation and data analytics support over 300 banks and nonbank lenders in this small-cap CRE domain.  Prior to co-founding Boxwood Means in 2003, Randy served as senior vice president of two national real estate research firms, Reis, Inc. (later acquired by Moody’s) and GMACCM/Realpoint (later acquired by Morningstar). Randy's small balance lending and property market analyses are employed for strategic planning, business planning and competitive research among his firm’s clients, and his reports are frequently cited in the business press and trades. He has published research articles in trade journals such as Mortgage Banking magazine, The RMA Journal and Scotsman Guide.  He currently writes Boxwood’s popular quarterly market trends report, the Small Balance Advocate, as well as the firm’s research blog.  Randy is a regular speaker at industry conferences such as the Mortgage Bankers Association, Crittenden real estate conferences, selected annual financial services conferences and various client forums.

    Mike Morey, Vice President and Managing Director, StanCorp Mortgage Investors, LLC

    Mike has been active in the commercial real estate finance and investment industry for more than 25 years.   He currently oversees StanCorp Mortgage Investors’ origination, servicing and participation programs, as well as their commercial real estate equity investments and portfolio. Mr. Morey is a member of the board of directors and past president of Westside Economic Alliance in Portland, OR, a member of the Portland State University Center for Real Estate Advisory Board, and a member of the board of directors of the Hillsboro Chamber of Commerce.