Real Estate Finance
- Semester: Spring 2023
- Course ID: 385S
- Credit Hours: 3
- Grading Method: Pass/Fail Allowed (JD only)
- Will use floating mean GPA if applicable
- Upperclass-only elective
|TUE, THU||11:50 am - 1:05 pm|
|Final||May 3, 2023|
Real Estate Financing is for students with some knowledge or experience in the industry, those who have completed either Law 331K in Fall 2020 (Real Estate Transactions and Practice) or Law 385T in Fall 2021 (Introduction to Real Estate Law and Practice), or with permission from the Professor. Completion of or concurrent enrollment in Secured Credit (Law 380D) is recommended, but not required. The course will begin with an introduction to the real estate finance industry, including vocabulary and law. From there, the course will focus on key loan documents customarily found in real estate financings, and the statutory and case law underlying the contents of those documents. Relative interests of borrowers, lenders and other parties will be discussed throughout the course. While this is not a drafting course per se, drafting opportunities will be provided. This course is intended to be a fairly intensive examination of the legal aspects of real estate financing, with emphasis on typical documents and laws underlying them. Materials to be used will be supplied by the Professor in PDF format. Also, students will be responsible for obtaining copies of the cases discussed in the supplied materials.
If class enrollment is more than 9 students but fewer than 21 students, the grade for the course will be based 50 percent on a final examination and 50 percent on a loan documentation paper, and the curve will not apply. If class enrollment is under 10 students, the grade will be based entirely on a final examination and the curve will not apply.