On Demand Audio Audio Only

SBA Loan Closings (Session 13): Putting It All Together: A Case Study of 504 Loans (Audio Only)

Produced on March 20, 2020

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$ 149 504 Loan Closing In Stock
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Course Information

Time 1h 33m
Difficulty Intermediate
Topics covered in this course: 504 Loan Closing

Course Description

This program can be taken individually or as Chapter 13 of the 504 Loan Closing Course. This course is designed for attorneys and paralegals, CDC managers and staff, and bankers and bank counsel engaged in closing SBA 504 Loans or interested in learning more about integrating the closing process with loan eligibility and packaging and loan servicing. 

This Case Study session focuses on a loan for a mixed use Project (real estate and personal property) involving ground-up construction, an Eligible Passive Company/Operating Company structure that is changing, and other challenges when closing 504 Loans.  The case study is designed to:

  • Teach students how to translate the Authorization into closing requirements and using a Closing Checklist

  • Identify amendments needed to the Authorization

  • Provide further instruction on completing closing forms: Note, Servicing Agent Agreement, Debenture, Guarantees, 504 Debenture Closing Checklist, CDC Certification, Borrower and Operating Company Certification, Interim Lender Certification, Third Party Lender Agreement, Guarantees, Standby Creditor's Agreement, Opinion of CDC Counsel  

  • Challenge students with problems frequently encountered in closings and discussing solutions with:

    • Borrower and Guarantor Organizational Documents

    • Interim and Third Party Loan Documents

    • Title Work (Title Insurance Commitment and Exceptions) and Survey

    • Insurance Coverages

    • UCC Lien Searches

    • Eligible Passive Company/Operating Company Lease

    • Standby Creditors

    • Project Costs and Use of Proceeds

This course and all 504 Loan Closing courses were produced with a partner and are not included in any of our unlimited CLE subscriptions. 

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .


Janice E. Garlitz

Janice E. Garlitz, PC

Janice E. Garlitz is a Designated Attorney with 19 years of experience creating, updating and teaching the 504 Loan Closing and 504 Loan Closing Update Courses. She serves as Closing Counsel for multiple CDCs and has 27 years of experience closing 504 and 7(a) SBA loans as well as 24 years of experience teaching adult legal education courses.