471 - Real Estate Finance (2 hours)
Real Estate Finance covers the different ways to get a commercial project financed by securing a loan with real estate. As with other contracts, the form of the loan and the real estate serving as collateral vary from deal to deal and, depending upon the type of loan, may or may not be negotiable. This course will teach the fundamentals of real estate loans, including notes, mortgages/deeds of trust, different types of loans, ancillary loan documents, loan commitments, due diligence for loans, opinions on title and opinions on validity of loan documents, default and foreclosure, and ethics opinions in loan transactions. Real Estate Finance will include federal and North Carolina laws. The course will look at what happens when things go wrong, such as defective mortgages, failure of consideration and documentation errors. Real Estate Finance will teach the practical aspects of commercial real estate, including how to interpret and negotiate loan documents, depending upon whether you represent the interests of the lender or the borrower. Examples from actual closings will be used to see what life as a commercial real estate lawyer is like. The skills learned in this class will benefit students contemplating a career in real estate transactions as well as business transactions.