Recognizing and Resolving Issues in Sophisticated Construction Loan Transactions from the Developer’s and Lender’s Perspective
Securing a construction loan in the credit market requires several conditions and provisions that vary from other types of loans being applied for. These requirements are vital so that the efficiency of the entire construction process is guaranteed. Before securing or approving a construction loan, it is important to fully grasp all-encompassing provisions and conditions to avoid any unwanted damages, compliance and risk issues.
Therefore, it becomes more substantial to be updated of the most recent regulatory and internal policies and guidelines in the construction loan landscape.
Our panel of key thought leaders and practitioners will offer a discussion of the fundamentals as well as updates regarding the latest and significant issues surrounding the construction loan landscape. This LIVE Webcast aims to help you avoid common perils and risk issues when securing a construction loan.
Key issues that will be covered in this course are:
- The Construction Loan Landscape: An Outlook
- Recent Trends, Developments and Updates
- Lending Parameters and Guidelines
- Benefits of Construction Loans
- Red Flags
Patrick M. Deyhle, Partner
Windels Marx Lane & Mittendorf, LLP
Kevin T. McNamara, Partner
Windels Marx Lane & Mittendorf, LLP
- Key Construction Loan Terms
- Permitted Transfers
- Don’t Forget the Basics
- Demise of LIBOR
Who Should Attend:
- Construction Lawyers
- Construction Industry Professionals
- Risk Managers
- Contractors and Subcontractors
- Owners of Construction Projects
- Insurance Lawyers
- In-house Counsel
- Top Level Management
- Other interested/related professionals
Kevin T. McNamara is a Partner with Windels Marx Lane & Mittendorf, LLP. For nearly 30 years, he has concentrated his practice in banking and commercial law and has represented major banks and financial institutions. He has particular emphasis on the representation of lenders in complex loan transactions and has significant experience in all aspects of lending -- from the issuance of commitment letters to the exercise of remedies under defaulted loans. Kevin has successfully handled varied transactions for lenders involving real estate and corporate/asset-based loans, such as bond financings, syndicated transactions, Freddie Mac/Fannie Mae transactions, loans secured by intellectual property, and a broad spectrum of real estate financings, ranging from the largest and most sophisticated construction matters to owner-occupied commercial loans. Download Kevin’s v-card for phone and email information or view his career information, including representative matters.
Print and review course materials
Method of Presentation:
General knowledge of construction loan laws
NY Category of CLE Credit:
Areas of Professional Practice
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About Windels Marx Lane & Mittendorf, LLP
Windels Marx is a full service law firm headquartered in New York City, with offices in New Brunswick and Madison, New Jersey, and Stamford, Connecticut. The Firm has approximately 135 attorneys and provides services in more than 20 practice areas, the largest of which by volume of business are financial transactions, real estate, litigation, and bankruptcy. The Firm serves a myriad of domestic and foreign clients, including banks and finance companies, insurance companies, manufacturers, non-profit entities, and government sponsored enterprises. Industry benchmarking surveys frequently cite Windels Marx and its lawyers, including (but not limited to): The Real Deal "6th largest real estate law firm in New York"; The New York Law Journal's "NYLJ 100: Largest Private Law Offices"; Best Lawyers; Best Law Firms; Forbes Legal Black Book; NJBiz's "Top Law Firms in New Jersey"; New Jersey Law Journal's annual ranking of NJ law firms; and SuperLawyers, among many others.