Best Practices for Effective Loan Closing
1 hour 5 minutes
Learn to utilize various loan documents and understand the due diligence review that should be conducted in the closing of commercial loans.
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.
• You will be able to describe best practices for review of due diligence items necessary for closing a commercial loan transaction.
• You will be able to explain various loan documents and why they are necessary.
• You will be able to identify issues and pitfalls when closing a loan transaction.
• You will be able to discuss why due diligence matters.