Assign Commercial Loan Reporting, Reserves and Maturity Responsibilities

Fast Commercial Capital’s latest article by Don McClain, Founder & Principal of Medro Advisors, explains how to carry commercial loan obligations into property operations. Build the checklist from the transaction documents and confirm it against the final executed version. Assign reporting preparation, review and delivery to named people, with separate owners for reserves, insurance and maturity tracking. Retain completion evidence and identify the person to contact when information, deadlines or approvals are at risk. Requirements depend on the actual documents and appropriate legal, accounting and insurance review.