D.C. Real Estate Loan Drafting Guidance

Practical Law, a Thomson Reuters company that publishes online resources for attorneys, recently launched a state-by-state survey providing Real Estate Loan Drafting Guidance that caters to real estate finance practitioners.  Erica Litovitz and Brian W. Thompson contributed the DC-specific content, which Practical Law published on May 29, 2018 and is now available to subscribers of Practical Law. Published in the form of a Q&A, the guidance addresses DC’s laws and customary practices relating to the drafting of loan documentation. The Q&A touches on techniques for drafting enforceable security instruments, pitfalls to avoid when perfecting various types of security interests, foreclosing lenders’ rights under assignments of leases and rents, transfer and recordation taxes on security instruments, and a host of issues relating to lien priority.