What You'll Learn
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 live webinar will provide an overview of the entire process required for commercial real estate loan transaction closings. Explanation of the documentation from an attorney’s perspective, 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.
Topics covered in this session
Loan Documentation
- Loan Agreements
- Notes
- Mortgages, Assignments of Rents, Security Agreements
- Guaranties - Recourse vs. Nonrecourse
- Miscellaneous Loan Documents
Title and Survey Matters
- Title Insurance - How to Read a Title Commitment, Loan Policies and Endorsements
- Surveys - ALTA Standards, Certifications, Encroachments and Survey Review
Miscellaneous Loan Closing Matters
- Authority Documentation
- Insurance
- Searches
- Environmental Reports
- Appraisals
- Legal Opinions
*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
About the Author:
• Partner in the office of Clingen Callow & McLean, LLC
• Practice emphasizes all aspects of commercial real estate and financial lending transaction
• Conducts regular seminars and workshops on numerous commercial real estate and financial lending transactions, including ‘Complete Commercial Real Estate Loan Closing Checklist’ live webinar for Lorman Education Services
• Member of Illinois State Bar Association, DuPage County Bar Association, CREW (Commercial Real Estate Women) – Chicago Chapter
• J.D. Degree, DePaul University College of Law
• B.A. Degree in speech communication, University of Illinois
• Can be contacted at 630-871-8550 or Henninger@CCMLawyer.com
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