Graduating in May and starting at a boutique commercial real estate firm mostly representing lenders. Is there any material I can start reading to help me get up to speed?

like
Posting as :
works at
You are currently posting as works at

There is a book out there called commercial mortgages 101–it is more geared toward investors, but it shows what to look for. What you really need is a set of forms to see the kind of stuff lenders want. Each lender is different—one of ours has a boutique law firm do everything for them, another does everything in house. I’m not in the office now, but go to PLI, Thompson Reuters, or Lexis—among others for a good legal treatise on the subject. Especially in your state. Your law school library should have something on this.

like

I would ask your partner contact what you can read to prepare. That said, a number of state bars publish practice manuals covering commercial real estate mortgages. In terms of learning to understand your clients’ businesses you may also want to go online and familiarize yourself with basic accounting concepts (GAAP and/or IFRS), cap rates, debt service coverage and loan-to-value ratios, debt yield, and the Uniform System of Accounts if you will be involved with hotels.

like

I am a little confused- you'll be representing lenders? Then are you in finance group? I am a finance associate representing lenders at a real estate firm and I found Hotshot Legal's material helpful (it should be free for law students) and LSTA's guide to credit agreement is also recommended.

Many law firms with big real estate finance practices, including both firms I have worked at, refer to their group as the real estate group. I have found that is more common than referring to the group as a finance group, when the focus is real estate financing. It’s all marketing though, there’s no science to it.

like

Graduating law?

ABA RPTE has a whole boot camp thing that’s free to law students. It’s a great primer.

Obviously bar exam would need to be the main focus in ‘study outside work’ until that’s complete.

Related Posts

If I hold dividend paying stocks and index funds in a taxable brokerage and don’t sell any assets. Do I have to pay taxes on the dividend distributions come tax season?

like

Which looks better on a resume? MBB or MBA?

like

Lifting you all up in prayer as this new week begins. Peace for burdens, sharpened discernment at work, and Gods love and favor from the tops of your head to the soles of your feet. 💓

likeuplifting

Anyone knows if Singapore trash collection separates waste into recyclables ? If not, how can we do it ourselves in sg?
I live in a condo FYI.

like

Reading Untamed by Glennon Doyle and I want my own Abby!!! Sigh.....

like

Hi guys,
Going to my first 49ers game this weekend and was wondering what do you guys recommend for pre game, Tailgate in the parking lot? Or how early could I go have a couple beers in the bars by the gates. Thanks!

like

I just started training with United HealthGroup for Medicare. I have previous experience in Medicaid-- quite a different role, but similar. I'm so nervous about how complex Medicare can be. Any suggestions or advice? I'm not exactly a dumb-dumb but nor am I the sharpest knife in the tool box.

like

Accenture strategy C2 pay?

like

ConsultingHumor’s Instagram page (364k followers) did a massive compensation survey for top consulting firms in the US and internationally. Several thousand respondents with base and bonus salary for all the top (and some smaller) firms. Can be used when negotiating your next raise or to see if you want to jump ship to another firm. You can download the full spreadsheet of data at consultinghumor (dot) org

Post Photo
likehelpful

Anyone with leads / opportunities at your respective companies in Digital Marketing? 8+ years experience here across various aspects of digital (content, seo, ppc, automation: salesforce pardot, marketo, etc) Currently a manager at an Agency in BC, Canada. Looking for a consulting / agency kind of role!! Appreciate any help! Much thanks!!

like

Does anyone really, really love their job? Or do you just do it to pay bills and get to the weekend? I'm curious how many people actually truly love what they do

like

Hi fishes,

I have a client interview tomorrow in Hexaware for automation testing profile. May I know what they'll be asking?

This is my first switch and having client interview for the first time. I have cleared 4 rounds already

like

Does NTT data pays variable pay that they mention in the offer letter as PEP(0-14%)?

Hi, I have applied for a Job of Business Development consultant- New business sales, at Google Gurgaon, India.
Can someone help me with the hiring manager details or give me a reference/recommendation. I would truly appreciate your support. Its been my dream to work with Google. Google

like

Having run a retail business outside of this, it's funny to me how much the firm talks about 'understanding our cross line of service offerings' while never actually talking about or teaching sales.

like

PwC ppl, have you seen the cringey video from Elevate that's making the rounds on internet? Found on Reddit, link in comments

like

Decided to payoff my mortgage.

like

How do some agencies take all the awards yearly while others get severely shafted?

like

Any insights into Accenture Retail Strategy ? i.e., the acquired and recently rebranded Javelin Group in London

Accenture

like

Hi! Anybody knows of federal agencies hiring that are offering fulltime telework/remote?
I currently work for an agency based in DC and my boss is forcing us to come back into the office fulltime after we’ve been remote for nearly two years. Majority of my coworkers have already left for the private sector but I’d like to remain in the public.

likehelpful

Additional Posts in Real Estate - Law

Any defenses to put in an answer regarding violation of the IL Residential Real Property Disclosure Act.? Buyer is suing client pro se after discovering mold in the property from a tenant after taking possession. Seller didn’t know but there was a leak issue in the past. Other advice is appreciated.

like

Pro se plaintiff, an attorney, filed a complaint alleging mold defects after closing on a property. Client, layperson, may have agreed orally to a settlement amount without proof of damages prior to filing appearance and obtaining an attorney. Client filed appearance pro se, then plaintiff sent over a draft settlement agreement few weeks later which client didn’t sign. Client then got an attorney, filed answer, etc. Can this oral agreement be voided for coercion, indefinite mat’l term, etc?

like

Any insight into DLA transactional RE in LA?

like

Title company just gave me a commitment with 72 B2 exceptions and the first one (after standard) is an unrecorded lease from 1862. Send help.

likefunny

Any real estate attorneys interested in exploring new opportunities?

like

Any advice on shifting from association law to commercial real estate in FL?

I've been applying to jobs for months but every position wants at least 2yrs of experience in real estate transactions, usually way more. I'm at 1yr+ doing HOA/condo work but have had no opportunity to do real estate transactions like I expected. Seems like the only way to get the experience is to have nailed a big law gig right out of school and get put into that practice.

Anybody worried about the market?

like

Looking for a bit of insight on how commission or bonus is structured on flat rate residential real estate at Canadian law firms. I was offered a good base salary and I was asked what type of structure I was looking for. I am uncertain as to what is considered standard or what to look for in terms of bonus/commission structure. Any insight is appreciated!

like

Any good books to help get you up to speed on real estate finance matters?

like

Any recommendations for books/articles/other materials regarding development deals? I’ve been doing CRE transactions for years, but I just started a new role that includes a big development component. I’d love something that walks me through the major components of a development deal/explains when certain AIA forms get used, etc. (to supplement the training I’m getting from my boss)

like

Student housing property management company recommendations in Southeast?

like

What’s generally considered “market” for a property manager’s termination fee?

like

How long is the recording delay in your jurisdiction?

like

When will real estate law move past the need for original signature pages? They are the bane of my existence.

like

Pro forma or proforma?

like

Is there a specific law that allows landlords to put a restriction on the number of days am overnight guest can stay? I have been researching for hours and can't find any case law or statue. Help! (In Texas)

like

Conflicts checks question: thinking about making a move from small(ish) firm to a larger one. How detailed will a conflicts list need to be? Haven’t switched jobs since law school, so at a little bit of a loss about the whole process!

like

Has anyone ever heard of this type of real estate private equity fund structure:

-One LLC, so only one PPM
-Multiple investors that can be onboarded anytime
-Multiple investments that investors can determine whether or not they want to invest in
-One K-1 per investor based on their investments and income
-Ability for the Sponsor/Fund to invest directly, indirectly and in equity, debt, Pref, etc.
To me this seems extremely cumbersome and would require multiple classes of (cont’d)

Looking to work at a title company? Do they pay well and how prestigious is it? Are there any that are “better” than others?

like

Any one here have any experiences with Goldberg weprin?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal