Understanding Commercial Loan Documentation
Course Number: Seminar
Course Code: n/a
This single day course explores in detail the various documents typically found in a commercial loan transaction. Loan officers, credit officers, loan document preparation specialists, loan booking specialists, in house counsel, paralegals, and other bankers involved in the lending process will benefit from the thorough discussion of what each document does and why it is used in a loan transaction. While the emphasis is on commercial loans, those involved in residential lending will also benefit as many of the documents and concepts discussed are applicable to both types of loan transactions. The course features discussion of notes, mortgages, security agreements, assignments of rents, participation agreements, guarantees and other loan documents as well as information on title insurance, lien perfection and priority, documentary stamp taxes and intangible taxes, loan renewals and modifications and more!
The course includes:
-Understanding borrowing entities (corporations, LLCs, partnerships, etc.)
-Identifying documents needed to verify authority of borrowing entities
-Establishing evidence of indebtedness (term notes, revolving line of credit notes, etc.)
-Real estate collateral documents: mortgages (including modifications, mortgage spreaders, future advances) and assignments of rents
-Equipment financing (security agreements, UCC-1 forms, UCC-3 forms)
-Specialized collateral (titled vehicles, airplanes, life insurance policies, investment securities)
-Letters of Credit
-Cross defaults and cross collateralizations
-Loan renewals and loan modifications
-Documents applicable to construction loans
-Loan participation documents
And much more!
This seminar is taught by a Florida attorney with more than 30 years of experience in representing banks and other lenders in documenting and closing loan transactions.
Audience: Anyone interested in Commercial Loan Documentation