Seniors Housing Valuation Outlook — Fundamental Marketplace Drivers in Today’s Environment

Seniors_Housing_Valuation
Extraordinarily tight labor markets causing staffing shortages and the recent dominance of the delta variant make it a less-than-sure bet the seniors housing industry reverts to pre-pandemic vigor by the close of 2021. Still, there’s sun on the horizon — 31 NIC MAP Primary Markets reported an increase in occupancy over the second quarter—and many industry observers feel bullish about the seniors housing industry’s long-term health.
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OTHER ON-DEMAND WEBINARS

Marketing Real Estate Drone Inspections with Lamar Ellis

Drone Education Services

In this webinar, attendees will learn: - Creating a business plan. Know your product, your price and your target customers before you start marketing. - Set a marketing budget and scope - Creating a distinct brand
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E-Signatures and Electronic Documentation in Real Estate Finance: ESIGN and UETA, Interplay With UCC

ENotes and other electronic loan documentation are now routine in residential mortgage lending and have gained more acceptance in commercial real estate lending. The industry is gradually moving toward the digital transformation of the mortgage lifecycle: application, closing, documentation, notarization, recording, and securitization. ESIGN and UETA establish the legality of electronic records and signatures. MERS provides a platform for filing and tracking transfers of "control" of real estate notes from one party to another. However, electronic documents must comply with the UCC and recording statutes (which might require a paper original of the mortgage) and other applicable state laws. If litigation ensues surrounding electronic loan documents, counsel must understand and address enforceability, authentication, and admissibility issues of electronic communications and e-signatures. Listen as our authoritative panel discusses the use of eNotes and electronic loan documentation in commercial and residential mortgage lending. The program will also examine legal and practical issues regarding transferability, UCC perfection, the authentication of electronic signatures, and the admissibility of electronic communications and e-signatures in litigation.
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Real Estate Mezzanine Financing: Structuring and Documentation, Due Diligence, Key Provisions

Mezzanine financing allows borrowers to obtain financing in addition to a mortgage loan, but mezzanine loans add complexity, with additional documents, legal opinions, and third-party reports. Mezzanine lenders require separate consent rights for various actions by the borrower, and restructuring a nonperforming loan is especially problematic given the diverging interests of the mezzanine and mortgage lenders. Since the mezzanine lender's security interest is in the borrowing entity rather than the property, it must conduct entity-level diligence, including analyzing potential claims and agreements entered into by the property owner. Existing contracts and licenses might contain restrictions on transfer--the pledge securing the mezzanine loan or any foreclosure of the pledge could violate such limits. The mezzanine loan agreement should track the mortgage loan agreement, with mortgage loan representations recast to refer to the mezzanine borrower and the mortgage borrower. The mezzanine borrower and the mortgage borrower should be required to comply with entity-level covenants and property-related covenants. The mezzanine borrower's obligations are secured by a UCC pledge of equity interests in the property owner. The pledge can be perfected under Article 8 of the UCC. The mezzanine borrower's ownership interest in the mortgage borrower must be certificated so the mezzanine lender can take physical possession of the membership certificates. The operating agreement should also include Article 8 opting-in language. Listen as our authoritative panel discusses the nuances of mezzanine financing.
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Construction Management Agency: Not at Risk?

Lorman Business Center

As in-house expertise declines, public and private owners of construction projects are increasingly outsourcing the management and administration of their construction projects to professional construction managers-agents. Use of professional construction managers can help protect owners from liability to other project participants because construction managers are often more knowledgeable and better qualified than an owner's personnel to properly address claims.
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