Course Details

Commercial Real Estate Finance: Debt and Equity Considerations in Real Estate Transactions

The Great Recession and its aftermath has shined a spotlight on the critical impact and importance of real estate finance on our economy and the general welfare of society. Current attitudes regarding finance have conflicting deep historical roots. This practice-oriented review and analysis of commercial real estate finance transactions will focus on structure, documentation and legal issues . We will utilize actual transaction documents as tools to help identify and analyze the parties' business objectives, interests and concerns, as well as the significant legal issues and risks. Attention will be directed to: the business rationale of financing and underwriting; drafting and negotiating loan documentation from the perspective of a lender and a borrower; requirements for closing transactions; enforcement after default of mortgages, guaranties and other personal undertakings; and workouts or restructurings of troubled, non-performing or defaulted loans. The class will include discussion and analysis of current issues relating to lessons learned from the financial crisis which lead to the Great Recession and ensuing regulatory and industry reactions. Teaching Method: Lecture with class discussion. Evaluation: Final Examination. Class participation will be considered in determining the final grade. Texts: Real Estate Finance in a Nut Shell, Jon W. Bruce ISBN-13: 978-0314183545 available at the Abbott Hall bookstore. Additional reading include articles written by the professor, in depth review of actual loan documents, and reading from books by Robert Shiller and Hernando De Soto. Pre-requisite: Property. Desirable but not required - Secured Transactions (UCC Article 9); Business Associations, Partnerships or Corporations (KSM).

Catalog Number: BUSCOM 683
Practice Areas: Business, Corporate,Trans AreaCommercial Practice AreaContractsReal Estate Practice Area
Additional Course Information: Business Concentration Elective

Course History

Fall 2018
Title: Commercial Real Estate Finance
Section: 1     Credits: 2.0
Capacity: 25     Actual: 9