CREFC Signal

Rich Carlson, CREFC Senior Director, Servicing Liaison, is joined by Sairah Burki, Managing Director and Head of Regulatory Affairs; David McCarthy, Managing Director, Chief Lobbyist and Head of Legislative Affairs; and Raj Aidasani, Managing Director, Research, for a look inside CREFC’s recent Annual DC Fly-In.

More than 30 CREFC members and staff participated in the Fly-In, holding over 20 meetings with congressional offices. The group discussed key issues CREFC is bringing to policymakers, including TRIA reauthorization, bank capital proposals, implementation of the ROAD to Housing Act and SEC regulation of CMBS, and what they mean for CRE finance.

Raj Aidasani, Managing Director of Research at CREFC, is joined by Toby Cobb, Co-Founder and Managing Partner at 3650 Capital, and David Harrison, Chief Operating Officer and Head of Special Servicing at Midland Loan Services, to discuss the latest CREFC Board of Governor’s Sentiment Index Survey. The conversation explores what the Index’s stabilization near its 4Q 2017 baseline says about market sentiment, why new capital is functioning well while legacy credit continues to work through the system, and what these two dynamics mean for the commercial real estate finance market going forward.

David McCarthy, CREFC's Managing Director, Chief Lobbyist, and Head of Legislative Affairs, is joined by Sairah Burki, Managing Director and Head of Regulatory Affairs at CREFC and Matthew G. Bisanz, Partner at Mayer Brown LLP to discuss the recently released U.S. bank capital proposals, their potential implications for the commercial real estate finance market, and CREFC’s plan of action.

In this episode of CREFC Signal, we trace the evolution of the CRE Finance Council, from its founding through decades of market cycles to its role today as the definitive voice of the commercial real estate finance industry.

Hosted by CREFC President & CEO Lisa Pendergast and featuring past CREFC Chairs and industry leaders including Leland F. Bunch (BofA Securities), Annemarie DiCola (Trepp), Chris Hoeffel (Counterpoint SRE), Rick Jones (Jackstay Ventures), Dan Olsen (KeyBank) and Patrick Sargent (Alston & Bird), the conversation explores the milestones that shaped the organization, the challenges it helped the industry navigate, and the relationships that defined its growth.

From advancing market standards and advocacy efforts to fostering a connected and informed industry community, this episode reflects on the people, partnerships, and pivotal moments that built CREFC, and continue to shape its future.