Don't risk making mistakes - learn the ins and outs of the commercial loan real estate closing process.
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 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
This program covers three main topics:
- Loan documentation — including everything required to demonstrate financing for a commercial transaction. This can include loan and mortgage agreements, assignment of rents and more. Students learn what red flags to look for and what constitutes appropriate due diligence in these matters.
- Title and surveying issues — including how to read a title document, what the different types of surveys are and when they should be performed, and other topics relating to liens, zoning and land use.
- Miscellaneous issues not covered in the first two modules, such as authority documentation, insurance, environmental reports and more.
Program Delivery Options
The Complete Commercial Real Estate Loan Closing Checklist training has been designed for legal professionals interested in gaining the background knowledge necessary to consult on these types of issues. To simplify training, Lorman Education Services offers this course as an OnDemand webinar which can be accessed at any time, from any Internet-enabled computer.
You can also download an MP3 version of the course content or have the PDF and MP3 files sent to you on a USB flash drive. After successfully completing this course, you may qualify for continuing legal education credits from most state bar associations — visit the Credits tab on this page for more information.
Commercial real estate closing is just one of the training options we offer legal professionals. Sign up and grow your career today, or browse our website to see a complete list of courses.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
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
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on November 16, 2022.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.0
- Alaska attorneys may receive 1.0 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.1
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.1 hours credit.
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- HI CLE 1.0
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
- MO CLE 1.3
- This course qualifies for self-study CLE credit in Missouri.
- ND CLE 1.0
- North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 1.0 hours of CLE credit.
- NH MCLE 1.0
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 64 Minutes.
- NM CLE 1.0
- This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.0 hours of credit.
- NV CLE 1.0
- This program has been approved by the Nevada Board of Continuing Legal Education for 1.0 CLE hours.
- NY CLE 1.0 including Areas of Professional Practice 1
- This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.0 credit hours in the area(s) of Areas of Professional Practice for 1.00 hour. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Education- Noggin Guru, Inc. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WA CLE 1.0
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hours of A/V credit under the Law & Legal Procedure category.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jodi L. Henninger
Clingen Callow & McLean, LLC
- 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 [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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