Purchasing & Financing Commercial Real Estate

$195.00

Live Broadcast on December 8, 2016

Learn the key provisions to watch out for when buying and financing commercial real estate, with a special focus on income producing property. Parties face many issues when buying commercial real estate including due diligence, financibility, requirements, dealing with tenants, operational requirements and maintenance issues. This CLE will address these key provisions and offer practical advice on how to best protect and prepare a client when drafting a purchase agreement and/or reviewing acquisition finance loan documents.

Key topics to be discussed:

  • Letter of Intent Issues
  • Purchase Agreement Issues
  • Commitment Letter Issues
  • Loan Agreement Issues
  • Loan Documents
  • Legal Opinion

 
Date / Time: December 8, 2016

  • 2:00 pm – 4:00 pm Eastern
  • 1:00 pm – 3:00 pm Central
  • 12:00 pm – 2:00 pm Mountain
  • 11:00 am – 1:00 pm Pacific

 
Choose a format:

  • Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
  • On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.

 
All Access Pass: Before you buy, access this class and all other myLawCLE programs, over 120 new live classes every year, for only $69 dollars per month. Purchase the All Access Pass first. Click here for more information.

Clear

Live Broadcast on December 8, 2016

bruce_rosenBruce G. Rosen is the founding member of Real Estate Counselors, PLLC, located in Washington, D.C. Mr. Rosen’s practice is concentrated in commercial real estate transactions, including office and retail leasing, acquisitions and sales of commercial properties, secured lending and joint ventures. He also has experience in creditors’ rights and commercial bankruptcy matters. Mr. Rosen received his B.B.A. degree and his J.D. degree, with distinction, from the Temple University, James E. Beasley School of Law. He is a member of the District of Columbia and Pennsylvania bars. Before founding Real Estate Counselors, PLLC, Mr. Rosen was an attorney with the law firm of Akin, Gump, Strauss, Hauer & Feld. Mr. Rosen is the author of “When Office Landlords Lease to Retail Tenants,” published in the Practical Real Estate Lawyer.


christiansenRyan G. Christiansen, CCIM has extensive experience in the Puerto Rico market. In 2004, Christiansen became a licensed real estate broker in Puerto Rico, specializing in the commercial and prime office space markets, and managing multinational corporation accounts. He also holds the Certified Commercial Investment Member (CCIM) designation and served as the 2012 & 2013 President of the Puerto Rico CCIM Chapter.

A CCIM is a recognized expert in the disciplines of commercial and investment real estate. A CCIM is an invaluable resource to the commercial real estate owner, investor, and user, and is among an elite corps of approximately 9,000 professionals across North America and overseas who hold the CCIM designation.

CLE Accreditation:
mylawCLE seeks approval in all states except VA.

CLE 2.00 – AK
CLE 2.00 – AL
CLE 2.00 – AR
CLE 2.00 – AZ
CLE 2.00 – CA
CLE 2.40 – CO
CLE 2.00 – DE
CLE 2.40 – FL
CLE 2.00 – GA
CLE 2.00 – HI

CLE 2.00 – IA
CLE 2.00 – ID
CLE 2.00 – IL
CLE 2.00 – IN
CLE 2.00 – KS
CLE 2.00 – KY
CLE 2.00 – LA
CLE 2.00 – ME
CLE 2.00 – MN
CLE 2.40 – MO

CLE 2.00 – MP
CLE 2.00 – MS
CLE 2.00 – MT
CLE 2.00 – NC
CLE 2.00 – ND
CLE 2.00 – NE
CLE 2.00 – NH
CLE 2.40 – NJ
CLE 2.00 – NM
CLE 2.00 – NV

CLE 2.40 – NY
CLE 2.00 – OH
CLE 2.40 – OK
CLE 2.00 – OR
CLE 2.00 – PA
CLE 2.00 – PR
CLE 2.40 – RI
CLE 2.00 – SC
CLE 2.00 – TN
CLE 2.00 – TX

CLE 2.00 – UT
CLE N/A – VA
CLE 2.40 – VI
CLE 2.00 – VT
CLE 2.00 – WA
CLE 2.40 – WI
CLE 2.40 – WV
CLE 2.00 – WY

Accreditation Policy
myLawCLE will seek credit where attending attorneys are primarily licensed for all of its live webinars and live teleconferences, except in states which allow for reciprocity (see reciprocity section below). Credit for CLE in a self-study format is sought for in most states; however, some states do not allow for CLE credit to be earned in a self-study format (see the self-study section below). Many states typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program. Credit hours granted are subject to approval from each state.

Reciprocity
Additionally, some states allow for credit to be granted on a 1:1 reciprocal basis for courses approved in another mandatory CLE jurisdiction state. This is known as a reciprocity provision and includes the following states: AK, AR, CO, FL, ME, MT, ND, NH, NJ, NY, PR, and SD. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.

On-demand CLE
myLawCLE will seek on-demand approval in all states except Virginia and Arkansas (outside reciprocal provisions stated above).


myLawCLE Credit Guarantee
myLawCLE offers a program and credit approval guarantee. If a registered attendee is unhappy with a CLE program they have attended, myLawCLE will offer that attended access to another complimentary CLE or a full refund in order to insure the attendeeís satisfaction.

Additionally, on all online CLE programs application for approval will be made in all states where attending attorneys are primarily licensed in. If a registered attorney does not receive credit from their state for any reason, a full refund will be granted.

Section I. Acquisitions
a) Letter of Intent Issues
        i. Binding vs. Non-Binding
        ii. Other Issues
b) Purchase Agreement Issues
        i. Seller Disclosure Obligations
        ii. Study Period Activities
                › Insurance
                › Indemnification
        iii. Title Issues
        iv. Survey Issues
        v. Environmental & Zoning Issues
        vi. Other Due Diligence Issues
                › Tenant Estoppels
                › SNDAs
c) Seller Reps & Warranties
d) Buyer Reps & Warranties
e) Seller Covenants
f) Buyer Covenants
g) Seller Closing Conditions
h) Buyer Closing Conditions
i) Risk of Loss – Casualty
j) Events of Default
k) 1031 Exchanges
l) Survival Issues

Section II. Financing
a) Commitment Letter Issues:
b) Loan Agreement Issues
        i. Financial Covenants
        ii. Financial Reporting
        iii. Permitted Leasing Activity
        iv. Transfers
        v. Insurance & Use of Proceeds
        vi. Recourse Matters
        vii. Cash Management/Lockbox
        viii. Subordination & Estoppels
        ix. Events of Default
c) Other Loan Documents:
        i. Promissory Note
        ii. Mortgage
        iii. Assignment of Rents/Leases
        iv. Assignment of Contracts
        v. Environmental Indemnity
        vi. Guaranty
d) Legal Opinion