The Complete Closing Checklist

Training Provided by Lorman Education Services nMany individuals involved in commercial loan transactions never fully understand all the steps and details that go into closing a real estate loan transaction. They understand their participation in the transaction, but do not comprehend everything else that is involved before a transaction can actually close and fund. This teleconference will provide an overview to understand the entire process required for closing a commercial loan transaction. Explanation of the documentation necessary from an attorney's 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 loan transaction and a more thorough understanding of what the documents listed on a closing checklist actually signify.

The Complete Closing Checklist Agenda

1:00 pm - 1:35 p.m.

1. Loan Documentation
1. Loan Agreement
2. Notes
3. Mortgage, Assignment of Rents, Security Agreement
4. Guaranty (Recourse vs. Nonrecourse)
5. Miscellaneous Loan Documents

1:35 pm - 2:05 p.m.

2. Title and Survey Matters
1. Title Insurance (How to Read a Title Commitment, Loan Policies and Endorsements)
2. Surveys (ALTA Standards, Certifications, Encroachments and Survey Review)

2:05 pm - 2:20 p.m.

3. Miscellaneous Matters
1. Authority Documentation
2. Insurance
3. Searches
4. Environmental Reports
5. Appraisals
6. Legal Opinions

2:20 pm - 2:30 p.m.

4. Questions and Answers

About The Training Provider: Lorman Education Services

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