Monday, February 17, 2020, 1:00-2:00pm
Buying and selling commercial real estate is a lengthy and complex undertaking from diligence and letters of intent to mortgage agreements and, ultimately, the underlying purchase and sale agreement.
Although all sectors of commercial real estate, with the exception of retail space, are strong, lenders are still cautious. Reps and warranties have become more extensive and exacting in detail. Financing contingencies have become lengthy and complex. Due diligence has become lengthier, more invasive and costlier – or barely permitted at all, in particularly "hot" markets. Managing all these elements is demanding.
This program provides a practical guide to the transactional cycle of buying and selling commercial real estate.
Part 1 topics:
- Planning the process – letters of intent, negotiations, closing process
- Due diligence depending on the type of deal – title, environmental, finance issu
- Understanding the minefield of seller’s reps and warranties
- Buyer and seller’s covenants in a volatile market
- Deposits of money
Click on the "In Depth" tab for tuition and speaker information.