Real Estate Financing

Real Estate Financing

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Real Estate Financing features a CD-ROM containing over 40 deal-specific forms and checklists, covering everything from complex loan workouts to simple residential closings. The forms on CD-ROM include information about each term and how it can be modified, with separate variations for lenders, borrowers or other parties. A Data Input Sheet lets you use the forms with widely available software and can serve as a term sheet for the transaction. The accompanying volume provides explanations of the issues along with the guidance you need to draft working documents quickly. Real Estate Financing includes: checklists for loan modifications; wraparound mortgage loans; subordinations; loans secured by condos, co-ops and time shares; sale-leasebacks; contingent interests; securitizations; deeds in lieu and consensual foreclosures; participations; installment sales; sales of mortgage loans; and much more. The checklists highlight deal terms, flag risks and hot issues, and direct users, through cross-references, to alternative approaches and analysis. Standards issued by ratings agencies for securitized loans are discussed in detail, as are the EPA and ASTM standards for Phase I environmental reports and the best Web sites for forms and drafting requirements.qTherefore, if the lender is unsecured, or partially unsecured, it should be cautious in accepting a letter of credit that is secured by the borrowera#39;s assets. Another risk is that if a borrower makes a payment on a loan that is secured by a letter ofanbsp;...

Title:Real Estate Financing
Author:Brook Boyd
Publisher:Law Journal Press - 1997-01-01


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