Post-Closing Obligations in Complex Real Estate Transactions

There is no doubting the adrenaline rush occasioned by the closing of a transaction, as clients and attorneys collaborate to bring a deal over the goal line. However, in most real estate finance transactions, closing represents only the beginning of a continuing relationship between deal parties. This presentation will explore common issues and obligations of parties to real estate transactions after the deal has closed. Important topics addressed will include:

• Common post-closing tasks and deliverables
• The importance of developing workable time frames
• Which remedies make sense for a lender if deadlines are missed?
• Custodial deliveries
• Reallocation of mortgage and mezzanine debt
• Further Assurance clauses and dealing with scriveners’ errors
• Post closing transfers, defeasances and other common consent requests
• Common post closing tasks for securitized loans