In the midst of finals on December 15, 2011, corporate and real estate clinic students Nandini Sur ’12 and Stephanie La Carrubba ’12 conducted a loan closing for a Harlem building. The $400,000 will be used to pay for a much-needed new elevator and for real estate tax arrears. The students, who began representing the co-op board in October under Professor Debbie Bechtel’s supervision, prepared board resolutions, resolved title issues, negotiated loan documents and educated the co-op board about the process. The tax arrears were paid immediately with the loan funds and the elevator work is expected to begin in January 2012.
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