Law 624:  Real Estate Finance

This course examines issues concerning the financing of commercial real estate investments. The course is divided into three parts. The first part introduces real estate as a vehicle for investment. Among the topics are the risks and potential rewards of investing in real estate, the financial and tax considerations that affect investment in real estate, and the nature of a real estate mortgage. The principal focus of the second part of the course will be long-term and construction financing, with particular emphasis on the terms of “permanent” and construction loan commitments. The third part of the course deals with issues that may arise upon the borrower's default. Among the likely topics are the lender's remedies outside bankruptcy, techniques for concluding a successful nonbankruptcy workout, and the Bankruptcy Code's treatment of lenders, lessors, and tenants. 

Sequence and Prerequisites: None

Evaluation: Administered final examination