LAW698N

038628

This course is an introduction to the underwriting, structuring, documenting and negotiating of certain financial transactions secured by real property assets such as hotels, skyscrapers, condominiums or apartment buildings. Students will examine a fully negotiated deal term sheet and act as either lender's counsel or borrower's counsel to negotiate and build the documents that memorialize such deal terms. The course will expose students to real estate related diligence items such as title insurance, surveys, non-disturbance agreements and tenant estoppels. Students will also learn certain financial underwriting measures and risk mitigants, such as debt-service, loan-to-value ratios, LIBOR and limited recourse. By the end of the course, students should be able to articulate how real property secured financing is structured and identify potential issues in the collateral and financing of such transactions.

ALT - Alternative Grading +/- A,B,C,D,E,S,P,F

Law