Tuesday, February 18, 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 2 topics:
- Issues for income producing properties, multiple family properties, and distressed properties
- Finance issues in operative agreements, including finance contingencies, and working with commercial lenders
- Conditions to closing and reducing the risk of not closing
- Post-closing issues, baskets, escrow and contingencies
- Bankruptcy issues in operative agreements
Click on the "In Depth" tab for tuition and speaker information.