This program can be taken individually or as Chapter 6 of the 504 Loan Closing Course 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 program discusses the following topics:
Sources of Interim Financing and Do-It-Yourself Construction
Interim Loan Documents
Interim Lender Certification
Third Party Loan Documents
Requirements for Third Party Loans
Third Party Lender Agreement
Debt Refinancing without Expansion
Third Party Lender Participation Fee
Seller and Subordinated Financing including Industrial Revenue or Development Bonds
This course and all 504 Loan Closing courses were produced with a partner and are not included in any of our unlimited CLE subscriptions.
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.