On Demand Audio

SBA Loan Closings (Session 6): Interim Financing and Third Party Loans in SBA 504 Loans

Produced on April 02, 2019

Taught by
$ 149 504 Loan Closing In Stock
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Course Information

Time 91 minutes
Difficulty Intermediate

Course Description

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

  • Construction Escrows

  • Construction Contingencies

  • 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.

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.