Sonnenschein Nath & Rosenthal LLP - Alternative Financing in Commercial Real Estate

Event Date(s):	10-20-2006
Event Location(s):	New York City
Presenter(s):	Gary Goodman
Event Host(s):	American Conference Institute
Event Description:	Sonnenschein partner Gary Goodman will present "Financing Through Construction Lending" during the American Conference Institute's National Forum on Alternative Financing in Commercial Real Estate. The conference will take place on October 19-20, 2006 at the Warwick Hotel in New York City. Topics that will be covered in Gary's speech include: Obtaining project approval: setting and maintaining your budget approving plans and specifications design and construction documentation getting the right marketing/feasibility study appraisal requirements general contractor’s/construction manager’s financial documentation Addressing budget concerns and loan balancing: debt/equity ratio retainage bonding Negotiating guaranties: completion principal payment – full or partial? carry (i.e., full or partial) negotiating non-recourse carve-outs Setting conditions to advances (first advance, final advance and those in between) and right to withhold advances Creating administrative procedures change orders budget line item reallocations Using imprest funds for stored materials Paying off the loan one lump sum vs. partial releases (i.e., unit sales or anti-checkerboarding) Syndication of the loan/defaulting lender Tranching the loan/interest periods/reference rate Please click here for more information on the conference.