Best Practices For Effective Loan Closing

Qty: On-Demand ($149.00)

Course Summary:

Learn to utilize various loan documents and understand the due diligence review that should be conducted in the closing of commercial loans.

Course Details:

Closing on a commercial loan transaction can be a difficult and complex process. It is important for all involved in the closing process to have a general idea of what all goes into properly and effectively closing a commercial loan transaction.

This course will help those responsible for conducting commercial loan transaction closings understand the reasons for utilizing various loan documents and what they mean. It will also give one an understanding of the due diligence review that should be conducted in connection with the closing of a commercial real estate loan and how to best facilitate a smooth and effective transaction for all involved.

Please note, residential real estate loans will not be the focus of this material. However, some information provided may be useful to residential practitioners.What You'll Learn:Managing Your Closing Checklist

• Preparing Closing Checklist
  
• Loan Documentation
  
• Managing Closing Checklist

Due Diligence Matters

• Entity Documentation
  
• Searches
  
• Title Commitment/Loan Policy/Survey Matters
  
• Other Ancillary Documentation for Review (Leases, Construction Documents, etc.)

Closing Time

• Execution of Documents
  
• Perfection of Security Instruments
  
• Post-Closing Matters