CC_S_206.3 Security Instruments in Commercial/Multifamily Lending

MBA Member Price: $49.00

Nonmember Price: $79.00

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This is a commercial/multifamily course.

While the promissory note sets forth repayment terms, the security instrument sets forth most other loan terms, conditions, restrictions, and covenants for a commercial/multifamily loan and property. Servicers must understand the terms described in the security instrument, particularly the rights and responsibilities of the borrower and lender in various circumstances.

Security Instruments in CMF Lending walks through the fundaments of the security instrument and related implications for commercial/multifamily servicing. First, the course describes how the security instrument establishes collateral for the lender. Next, it covers provisions of the security instrument that pertain to the financial strength of the property of and borrower. It continues by discussing how to apply the basic provisions of the security instrument to sale and transfer of ownership situations. It then describes security instrument requirements related to the operation, management, and maintenance of the property. Next, the course assesses common casualty and condemnation situations and explains how the security instrument protects the property and the lender in these situations. Finally, the course describes implications of the security instrument for monetary and non-monetary default situations.


  • Basics of the Security Instrument
  • Loan Agreement
  • Granting of Collateral
  • Establishing Financial Requirements and Procedures
  • Transfer and Sale of the Property
  • Physical Conditions and Operations of the Property
  • Protecting Against Casualty and Condemnation
  • Default and Remedies

    Seat time approximately one (1) hour.

    Copyright 2019.

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