"New" Construction Loan Documentation and Disbursement
Course Number: Seminar
This seminar explores in detail the various loan documentation and disbursement issues that arise in Florida’s construction loan transactions. Lenders, credit officers, lending associates, document preparation specialists, loan booking specialists and other bankers involved in the lending process will benefit from this in depth look at the documents unique to construction lending, their purpose and effect, and various aspects of Florida law that impact the disbursement process. This seminar, explores typical loan structures for both residential and commercial construction projects and the documents that are unique to each. With that as background, the course examines Florida’s construction lien law as it relates to lenders and, particularly, to the loan disbursement process with a focus on the proper method of disbursing construction loan draws and the liability lenders may face by making improper disbursements. The course will benefit those involved in both commercial and residential construction loan transactions.
Seminar topics include:
– Typical structures for construction loans including builder lines of credit
– The loan documents that are unique to construction lending and why they are needed
– Boundary surveys, foundation surveys and as built surveys, title insurance issues
– Notices of commencement
– Notices to Owner
– Lien waivers
– Lien releases
– Construction liens
– Loan disbursements and the lender’s potential liability under Florida’s construction lien law
– Guarantees of payment and performance and construction bonds
– Assignments of contracts, plans and specifications
And much more!
This seminar is taught by Douglas L. Waldorf, JD, MBA. Mr. Waldorf is a Florida Bar Board Certified Real Estate Attorney with over 30 years of experience in representing banks and other lenders in loan structuring and documentation as well as in special assets matters. He served for 12 years as in house counsel for SunTrust Bank in Southwest Florida and is presently a director with Dentons Cohen & Grigsby, P.C. He has been selected by his peers for inclusion in The Best Lawyers in America ©, 2019 Edition in both Banking and Finance Law and Real Estate Law, in Super Lawyers © (2019), and was named in Naples Illustrated’s List of Top Lawyers. Mr. Waldorf is a regular lecturer for the Center for Financial Training, Miami, Florida (https://cftnow.org/) where his courses include: Understanding Commercial Loan Documentation, Real Estate Law for Bankers, Collecting Defaulted Loans, The Loan Closing Process, Title Insurance for Bankers, Real Estate Law for Bankers, Lending to Association Borrowers and Commercial Construction Loan Documentation. Mr. Waldorf is the author of Mortgage Foreclosure and Loan Collection, A Practical Guide for Lenders (2013, available on Amazon.com).
Copyright © 2020, Douglas L. Waldorf, JD, MBA