Final Version of the Multifamily Loan and Security Agreement Available for Review
August 10, 2011
We will require the Capital Markets Execution (CME), Portfolio, and Seniors Housing versions of our new Multifamily Loan and Security Agreement on all loans for which the corresponding Commitment is issued or an Early Rate Lock Application is submitted on or after September 1, 2011.
The final versions of the loan agreement, as well as the notes, security instruments, and guaranties that work with the new loan agreement, and riders for modifying all loan documents, are available for review prior to the effective date.
To further assist you with the implementation of the loan agreement, we've prepared Benefits of the Loan Agreement to explain how the loan agreement is beneficial to your borrowers. There are also training materials from last week's conference call available for download.
Please contact your legal counsel with any questions about the new loan documents.