Dont risk making mistakes learn the ins and outs of the commercial real estate closing process.
Prepare yourself for the return of commercial real estate lending, learn to make the transactions you are involved in run more smoothly, and set yourself apart from your peers, by learning the ins and outs of drafting a complete and thorough closing checklist for commercial real estate loans. Learn about all the documentation which can be necessary from various perspectives (lender, attorney, borrower, title company, etc.) to close a commercial real estate loan transaction. Plus learn added tricks of the trade as to timing and details which will help your transaction run more smoothly. Many individuals involved in commercial loan transactions never fully understand all the steps and details that go into closing a complex commercial real estate loan transaction. This topic will provide an overview to understand the entire process required for closing a commercial real estate loan transaction. Explanation of the documentation necessary from an attorneys perspective to close a commercial loan transaction, as well as what the documentation consists of and why it is necessary will be discussed. Individuals involved in all aspects of commercial real estate will benefit from a better understanding of what is involved in closing a commercial real estate loan transaction and a more thorough understanding of the documents which may be necessary in connection therewith.
ï Loan Agreement
ï Mortgage, Assignment of Rents, Security Agreement
ï Guaranty - Recourse vs. Nonrecourse
ï Miscellaneous Loan Documents
Title and Survey Matters
ï Title Insurance - How to Read a Title Commitment, Loan Policies and Endorsements
ï Surveys - ALTA Standards, Certifications, Encroachments and Survey Review
ï Authority Documentation
ï Environmental Reports
ï Legal Opinions
Jodi L. Henninger with Clingen Callow & McLean, LLC
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,CPE ,Additional credit may be available upon request.