Loan Closings Facilitator Guide

What’s covered

Conditions precedent & closing checklists
Selecting a closing date
Colleting & compiling signatures
Information in borrowing notices
Closing confirmations

Before the session

Send the attendees an invitation for the session. Include this link, which has the videos and exercise they’ll need to prepare.

Watch the videos and read the exercise so you’re familiar with the Hotshot material.

During the session

Part 1: Knowledge Check

Ask attendees these questions to ensure they understand the topic:

What does the standard process of a loan transaction closing look like?
What are some factors that might affect the closing date?
What kinds of tasks is lender’s counsel typically responsible for during the closing process? What about borrower’s counsel?
What information is typically set out in the borrowing notice?
What’s the purpose of a funds flow memorandum?
What do the parties confirm during their meeting on closing day?

Part 2: Group Exercise

Lead a group discussion based on the exercise. To encourage collaboration, divide the attendees into groups to discuss the exercise, then have a representative from each group summarize their views to the larger group. Call on people to share their thoughts and ask others to respond.

Tip for remote sessions: use your web conferencing system’s breakout room feature to divide people into groups.

Part 3: War Stories and Firm Specifics

Share your own experiences and guidance, including:

Anecdotes and war stories (e.g., about a near-disaster or a tough negotiation)
General practice tips (dos and don’ts)
Firm-specific guidance and practices

After the session

To continue their learning, attendees can check out related courses in Hotshot’s Commercial Lending topic.

Loan Closings

Loan Closings

What’s covered

Before the session

Prepare the Attendees

Prepare Yourself

During the session

After the session

About Hotshot