CC_S_204.2 Commercial/Multifamily Loan Surveillance
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| Option | Price |
| Member | $50.00 |
| Non-Member | $100.00 |
Commercial/multifamily loan surveillance involves the enforcement of loan document terms. In addition to basic loan terms including loan amount, interest rate, amortization, and maturity, the loan documents also contain requirements related to tax and insurance escrows, reserve amounts, letters of credit, and UCCs. Other loan structure features, including cash management arrangements, guarantors, performance bonds, and letters of credit are also set forth in the loan documents.
Commercial/Multifamily (CMF) Loan Surveillance describes ways in which the commercial/multifamily servicer monitors and enforces loan document terms. It begins with a review of how servicers monitor borrower conformance to loan document requirements. Next, it examines the servicing role in monitoring real estate taxes and conformance to property insurance requirements. The course then discusses the purpose of reserves and the servicer's duties related to reserve accounts. Finally, it identifies types of loan features designed to protect property cash flows or secure payment of the debt service and the servicer's related responsibilities.
This is a commercial/multifamily course.
Topics:
Seat time approximately 1.5 hours.
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