How to streamline, simplify, and save money in the loan closing process

Article Abstract:

Tips that can help lenders and borrowers streamline and simplify the closing process for nonrecourse real estate loans are presented. In general, the involved parties should plan ahead, adhere to standard procedures, distinguish between truly necessary procedures and those that are not, provide complete deliveries during the process' early stages, short-circuit avoidable communications steps, and stay organized.

Business Financing, Contracts, Loans

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Cures for the (sometimes) needless complexity of real estate documents

Article Abstract:

Real estate documents over the past several decades have grown longer and complex. While in the past a transaction could be completed with four brief documents, it now takes 10 pages, and where once a mortgage agreement constituted of 10 pages, it now consists of 30 pages. While this situation could be blames on attorneys, their real estate clients should also bear some of the responsibility.

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Lenders and hotel management agreements

Article Abstract:

Financial institutions enter into relationships with hotel managers if hotel ownership places a manager in its property. The strengths and weaknesses of a hotel manager have an effect on the real estate investment success of a hotel. The construction of a contract will determine the effect of the financial institution upon the hotel manager.

Hotels (except Casino Hotels) and Motels, Hotels and motels, Hotel Management, Banking industry, Commercial banks, Finance, Real estate investment, Real estate investments, Hospitality industry, Return on investment, Hotel management companies

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