PROGRAM

This program provides a comprehensive exploration of lockbox and cash management structures in commercial real estate lending, covering their mechanics, documentation, and application across property types. Designed for CRE finance professionals, the program examines what differentiates hard, soft, and springing cash management arrangements and why lenders employ varying structures based on credit profile and asset type.

Program topics include:

• Essential documents: Loan agreements, reserve agreements, cash management agreements, and deposit account control agreements
• Legal framework: Establishing lender control, perfecting security interests under the UCC, and defining deposit versus cash management accounts
• Cash management types: Hard, soft (springing hard), and springing structures—when and why each is used 
• Setup and implementation: KYC requirements, eligible institutions, deposit account establishment, and bank fees 
• Operational mechanics: Trigger events, cash sweeps, cure procedures, and waterfall distribution 
• Property-type considerations: How structures vary across multifamily, self-storage, retail, hotel, and single-tenant assets 
• Servicing and workouts: Cash management dynamics during default, workout strategies, and key legal issues

Series Schedule: