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Managing the Closing Process in Commercial Loan Transactions

This class teaches junior associates how to manage the process of moving a loan transaction to and through closing. It begins by providing an overview of the deal process for typical commercial lending transactions, and discusses the various parties, their roles in the transaction, and their priorities and tasks at the various stages of the deal process. The course then discusses due diligence for lending transactions and the process of refinancing existing indebtedness. Then, the class details closing mechanics and the closing checklist, notes the role of post-closing obligations, and discusses the role of the junior attorney in facilitating a successful closing.

Training courses associates and partners love and law firms need.

 Upon completion of this course, participants will be able to:

  • Identify the typical stages  of a lending transaction and how those stages vary depending upon the parties to and type of lending transaction.
  • Describe the topics of due diligence and the process for conducting due diligence in a typical lending transaction, including how to order and review lien search reports.
  • Articulate the typical closing obligations and responsibilities of the various parties and recognize the types of ancillary documents typically required in lending transactions.
  • Understand the role of a junior attorney in a lending transaction, specifically the responsibilities of a junior associate in the closing and post-closing stages.
  • Complete a closing checklist.

The AltaClaro Difference

Effective Learning with ROI--Backed by Education Science

Step 1: Learn

Learn at your own pace, absorbing lessons in short, easily digested segments led by experienced practitioners.

Step 1: Learn

Step 2: Do

Apply what you've learned to solve real-world client scenarios, using transaction documents derived from actual deals.

Step 2: Do

Step 3: Review

Deepen your learning in virtual review sessions with an experienced practitioner. Review model answers and ask questions.

Step 3: Review

Empower Associates to Own Their Growth

Empower your associates with detailed, personalized feedback on simulated assignments in key practice areas, focusing on core competencies, practical skills, and substantive legal know-how. 

This targeted approach fosters:

Clear Insight

Associates gain a strong understanding of their strengths and areas for growth.

Focused Development

Associates can prioritize the core competencies, skills and issues most critical for their success.

Greater Self-Awareness

Associates are empowered to take ownership of their professional development journey.

Unlock Your Firm's Full Talent Potential

Gain valuable training insights through consistent, objective feedback on simulated legal assignments, enhancing your associate talent development goals.

This focused, scalable method provides firms:

Address Skill Gaps

Identify skills gaps early in an associates' development phase to provide coaching and support where needed.

Standardized Assessments and Early Identification of Talent

Ensure fair and consistent evaluation across the firm while recognizing and nurturing high-potential associates.

Data-Driven Insights and Efficient Resource Allocation

Make informed decisions about training and development by targeting mentoring and internal training where it's needed most.

Class Content Overview

Course Details

2 CLE Credits is available for each course.

Students are presented with a banking client that has approved a borrower for a proposed credit facility consisting of a term loan and a revolving loan facility. Students are asked to prepare a closing checklist for the new deal, based on the term sheet and sample checklist provided. 

Instructors Who Practice What They Teach

Our vetted instructors are global practitioners with outstanding professional and educational qualifications and demonstrated achievement in their fields. All have 10+ years Big Law experience.

In addition to their accomplishments as practitioners, our instructors are also passionate about teaching. We carefully interview instructor candidates to assess personality, domain expertise and effectiveness in the classroom. Our instructors must maintain a 4.5 out of 5 rating from students.

Our Trusted Network of the World’s Leading Law Firms

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Praise for Our Legal Instructors

“Doug was very engaging, which was helpful and kept the review session moving.”
AM Law 200 Firm
“John had deep subject matter insight. It was an excellent class.”
AM Law 200 Firm
“Hellen did a fantastic job at meeting us at our experience level ...great war stories and practical tips.”
AM Law 200 Firm
“I really enjoyed this live session. The instructor did a great job: he seemed both well-prepared and he was genuinely engaging.”
AM Law 200 Firm
“Mick didn't just walk through the corrections but the thought process behind each change and how it would effect/protect the client.”
AM Law 200 Firm
“The instructor was great and had a lot of great insights to share.”
AM Law 200 Firm
Online

Class material is 100% online, accessible by all standard web browsers. Use your desktop, laptop, tablet, or smartphone--your progress will by synced across all devices.

On-Demand

The class is fully asynchronous. Do the work at your own pace, turn in your assignment when you're ready, and get instant feedback via model answers and video review sessions.

Interactive

Learn with dynamic, interactive modules that keep you engaged in active learning using a variety of learning modes.

Experiential

Includes practical assessments throughout the class, plus a capstone assignment where you apply your skills in the context of a real-world matter.

Interested in this Class?

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Attorney Training That Leads to More Productivity, Increased Profitability,
and Longer-Lasting Associate Retention

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