Best practices in commercial real estate financing a guide to commercial mortgage transactions in the USA

For any commercial real estate loan in the USA, the closing and documentation process combines traditional principles and practices of US real estate law — some dating back centuries to English common law — with the global capital markets, a fast‐moving marketplace, and painful lessons learned in th...

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Bibliographic Details
Published in:Briefings in real estate finance 2003-03, Vol.2 (4), p.341-361
Main Authors: Chadakoff, Richard L., Fischer, Michael R., Stein, Joshua
Format: Article
Language:English
Subjects:
Best practice
borrower negotiations
closing process
Collateral
commercial mortgage loan documentation
Commercial real estate
Commercial real estate loans
Deeds
Documentation
Due diligence
Foreclosure
Government bonds
Interest rates
Loan agreements
Mortgages
Real estate financing
Studies
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Summary:For any commercial real estate loan in the USA, the closing and documentation process combines traditional principles and practices of US real estate law — some dating back centuries to English common law — with the global capital markets, a fast‐moving marketplace, and painful lessons learned in the USA's real estate depression of the early 1990s. Against that backdrop, lenders and borrowers must bring together dozens of processes, participants and other pieces to document and close any commercial mortgage loan. This paper focuses on all those elements, for comparison against commercial mortgage lending procedures in other countries and as a reminder of basic principles for commercial mortgage lenders and their advisors in the USA. Copyright © 2003 Henry Stewart Publications
ISSN:1473-1894
1555-0990
DOI:10.1002/bref.81