CC_S_200.3 Common Commercial/Multifamily Borrower Requests
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| Option | Price |
| Member | $50.00 |
| Non-Member | $100.00 |
One of the asset manager's primary responsibilities is to handle various requests from the borrower. These requests usually originate from some business need regarding the upkeep or maintenance of the property or are related to various tenant issues. The asset manager possesses extensive knowledge of real estate transactions and the marketplace and typically can immediately assess when a borrower request does or doesn't make sense, even before reviewing the required documentation.
Common Commercial/Multifamily (CMF) Borrower Requests looks at some of the more common borrower requests that the asset manager may receive. Although some of the requests may require credit decisions or may be time-consuming, most of the requests in this course are more task-oriented and require less discretion than some of the special requests that asset managers or servicing operations staff may receive. This course begins with a look at some considerations in the general handling of borrower requests. Then it examines various types of borrower requests in turn: reserve draws, lease reviews and subordination requests, defeasance, ground leases, easements, condemnations, property management company changes, and budget approvals. As applicable for each type of request, the course describes the asset manager’s role, common issues, additional considerations, required documentation, and more.
This is a commercial/multifamily course.
Topics:
Seat time approximately 3 hours.
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