Facilitator Guide
Loan Closings
Facilitator Guide
Loan Closings
- Topic
- Commercial Lending
- Duration
- Format
- Remote or in person
What’s Covered
- Conditions precedent & closing checklists
- Selecting a closing date
- Colleting & compiling signatures
- Information in borrowing notices
- Closing confirmations
Before the Session
Prepare the Attendees
Send the attendees an invitation for the session. Include this link, which has the videos and exercise they’ll need to prepare.
https://www.hotshotlegal.com/trainings/loan-closings/attendee
Prepare Yourself
Watch the videos and read the exercise so you’re familiar with the Hotshot material.
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Course
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.
During the Session
- 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?
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.
- 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
About Hotshot
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