Loan Transaction Process

This track takes a look at the typical loan transaction process. This includes an overview of what it means to be a lending attorney, how a commercial lending deal team is typically structured, the main stages of a typical transaction, the due diligence process, the attachment and perfection process for security interests, the use of financing statements under the UCC, and the closing of the loan transaction.

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  1. still frame from Choosing Debt Preview

    Commercial Lending Practice

    This course looks at commercial lending practice at a large law firm, including what commercial lending is, who the main players are, and the differences between borrower and lender representations. It also covers how deals are staffed and the roles of finance partners, associates, support staff, and the clients.

  2. still frame from Choosing a Lender, Preliminary Docs, and Kick-off Preview

    Overview of a Loan Transaction

    An overview of the main stages of a typical loan transaction, including preliminary negotiations, drafting the main documents, preparing for and closing the transaction, and ongoing compliance matters.

  3. still frame from Secured Loans and Security Interests Preview

    Security Interests and Perfection

    A look at security interests, including different types of collateral, how security interests are created through attachment, the perfection process, and lien priority. This course also includes an introduction to Article 9 of the UCC.

  4. still frame from Perfection by Filing Under the UCC Preview

    UCC Financing Statements

    A look at filing under the UCC, including a close look at a UCC-1 financing statement. This course also covers extension, modification, and termination of a financing statement by filing a UCC-3.

  5. still frame from Introduction to Loan Closings Preview

    Loan Closings

    A review of the typical process for closing a lending transaction, from picking a closing date, to conditions precedent and conditions subsequent, closing checklists, preparing for closing, and closing day.