Originally held on Thursday, August 2, 2018 | 6:00 p.m. – 9:00 p.m.
Program Co-Chairs: | |
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The program will provide attorneys with the basic knowledge and skills to represent a client who is the borrower in a commercial loan transaction. Starting with the loan commitment and ending with the closing, topics will include borrower’s organization documents, special purpose entities, title reports, title policies and endorsements, surveys, assignments of mortgages, review and negotiation of loan documents, estoppel certificates, subordination and non-disturbance agreements, opinion letters and post-closing obligations. The segment on review and negotiation of loan documents will feature comments from a borrower’s perspective and the responses from lender’s counsel.
OnDemand: $179 for Members | $279 for Nonmembers
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Matthew C. Cahill
Vice President
Senior Divisional Underwriting Counsel
First American Title Insurance CompanyEugene Martin
Sankel, Skurman & McCartin, LLP
Michael S. Poster
Michelman & Robinson, LLPSharon V. Skolnik
Stempel Bennett Claman & Hochberg, P.C. -
6:00 p.m. – 6:05 p.m. Review & Negotiation of Term Sheet and/or Commitment Letter 6:05 p.m. – 6:20 p.m. Closing Checklist: - Borrower Organization Documents
- Articles of Organization/Certificates of Incorporation
- Special Purpose Entities
- Operating Agreements/By-Laws
- Member/Manager/Secretary Certificates
- Consents/Resolutions
- Incumbency Certificates
- Certificates of Status
- Articles of Organization/Certificates of Incorporation
6:20 p.m. – 6:30 p.m. Opinion Letters of Counsel 6:30 p.m. – 7:15 p.m. Title Report, Searches & Surveys - Ordering title
- Tax, lien, judgment, departmental/municipal, bankruptcy, litigation & patriot searches
- ECBs, violations & clearing exceptions
- Types of surveys
- Pro forma policies, policies & endorsements
7:15 p.m. – 7:25 p.m. Leases, Estoppel Certificates, Subordination Agreements & Subordination Non-Disturbance Agreements 7:25 p.m. – 7:40 p.m. Mortgage Assignments 7:40 p.m. – 7:45 p.m. Break 7:45 p.m. – 8:45 p.m. Review & Negotiation of Loan Documents - Note
- Mortgage
- Assignment of Leases and Rents
- UCC Financing Statement
- Guarantees
- Intercreditor Agreements
- Related Loan Documents
8:45 p.m. – 8:55 p.m. Preparation & Closing - Sit down or through the mail
- PDFs, wet ink and DocuSign signatures
- Post-closing obligations
8:55 p.m. – 9:00 p.m. Question/Answer Session - Borrower Organization Documents
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CLE Credit
NY: 3.5 skills
NJ: 3.5 general
CA: 2.5 general
PA: 2.5 general -
Sponsoring Association Committee: Real Property Law Committee | Jason T. Polevoy, Chair
Sponsorship Opportunities are Available! Please Contact:
Kim Howard, Manager of Membership & Marketing | (212) 382-6753 | KHoward@nycbar.org______________________________________________________________