Presentation
Follow-on Legal Opinions in Real Estate and Uniform Commercial Code Loan Modifications
Read Time: 1 minFollow-on legal opinions come into play when a loan agreement and potentially other loan documents are amended or modified and a new legal opinion is requested as a condition for closing the amended transaction.
With the growing number of commercial real estate loan modifications and amendments, legal opinion givers have seen a rise in opinion requests regarding the effect of an amendment or modification in relation to an existing loan or mortgage. Despite the rise in these requests, there is very little guidance for opinion givers regarding the specifics of these opinions and the issues that arise in common follow-on opinion scenarios.
Member Marshall Grodner (Baton Rouge) will present a Strafford Webinar, “Follow-on Legal Opinions in Real Estate and Uniform Commercial Code Loan Modifications,” on December 20, 2024. This webinar will discuss follow-on legal opinions in the context of commercial real estate loan modifications. The panel will define what constitutes a follow-on legal opinion and what content is typically requested in the opinion. The panel will also address the special assumptions, qualifications, and due diligence underlying these opinions and examine how these opinions differ from closing opinions related to the original loan.