August 21, 2008  Search

C L I N I C A L   P R O G R A M S General Information   |    News & Announcements   |   Clinical Education Guide Application Materials   |   Clinical Internship Placements   |   Manuals   |   Academic Home Corporate and Real Estate Clinic October 2007 – Corporate and Real Estate Clinic students, under the supervision of Professor Debra A. Bechtel, closed two rehabilitation loans in June 2007 on behalf of Bronx low-income cooperatives. Allison McKenzie ’08 and Scott Chait ’07 began work for the building on 173rd Street in the Spring 2007 semester and obtained partial forgiveness of real estate tax arrears. In June, Allison continued conducting the closing of a loan from the city for over $1.2 million, which was used to pay the taxes that could not be forgiven and to complete extensive work on the building. Richard Carlucci ’09 closed a loan of over $600,000 for a Boston Road building. Recently, Kimberly Hamilton ’08 and Charles Smith ’08 visited the building to discuss unit sales, by-law amendments and construction issues with the board of directors – matters that they continued to pursue in the Fall 2007 semester. Other students cleared title issues, prepared opinion letters and closing affidavits, reviewed loan documents, negotiated escrow agreements and responded to various requests from lenders’ counsel. Back to top

This page last modified on: November 05, 2007.