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Hillman on Commercial Loan Documentation (Sixth Edition)

Author(s): Thomas S Hemmendinger
Practice Area: Banking and finance, Commercial law, Commercial loans, Consumer finance, Corporate finance, Financing, Mortgage loans
Published: Nov 2013
Supplement Date: Jun 2021 i Other versions can be found in the Related Items tab.
ISBN: 9781402420689
PLI Item #: 47932

At a time when the commercial lending environment is especially unpredictable and anxiety-inducing, it’s more important than ever that you know how to document transactions in ways that secure lenders’ interests, minimize their risks, and protect them from liability. 

The new sixth edition of Hillman on Commercial Loan Documentation offers the practical guidance that enables you to do just that. With the aid of time-saving sample forms and sample drafting language, you’ll craft more quickly and confidently the full range of relevant documents, including loan agreements, security agreements, financing statements, pledges, guaranties, and opinion letters, helping you to:

  • Create loan closing checklists that ensure every key transactional step is taken
  • Conduct effective due diligence when trying to ascertain the borrower’s identity, capacity, and authority
  • Draft waiver clauses in loan agreements to minimize lender liabilities
  • Maximize the value of special forms of collateral, such as commercial aircraft and intellectual property, by securing them properly
  • Minimize problems specific to using real estate as collateral and when dealing with debtors’ post-closing name or location changes
  • Use intercreditor agreements to resolve conflicts with other creditors
  • Obtain adequate hazard insurance that recognizes and protects lenders
  • Draft financing orders that allow lenders to capitalize on debtor-inpossession financing

With the help of Hillman, you’ll use loan closing checklists that ensure every key step is taken to get solid deals done and draft agreements that protect lenders from environmental risks, resolve conflicts with creditors, and allow lenders to capitalize on lucrative financing opportunities.

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Thomas S. Hemmendinger is of counsel to Brennan, Recupero, Cascione, Scungio & McAllister, LLP, of Providence, Rhode Island, and Taunton, Massachusetts.  He counsels financial institutions, logistics companies, and other businesses on commercial loan documentation, Uniform Commercial Code matters, commercial transactions, workouts, and commercial and bankruptcy litigation.  He also serves as a court-appointed receiver.  He regularly writes and teaches on these and other topics for lending institutions and for continuing legal education organizations.  He is a member of the Uniform Law Commission (National Conference of Commissioners on Uniform State Laws).  He is also a member of the American Bankruptcy Institute, the American Bar Association’s Business Law and Real Property, Probate and Trust Law Sections, and the Association of Commercial Finance Attorneys.  Mr. Hemmendinger received his A.B. from Brown University and his J.D. from the University of North Carolina School of Law.