text: – Opinions are more heavily negotiated, and Lender’s frequently insist on starting with their form of opinion
  – Even in the case of more competitive loans, in today’s client more equity is generally required higher guaranties are frequently required, and the debt service coverage ratios are more strictly monitored.
  » If anything is not correct, or any of the covenants cannot reasonably be met, flag these immediately.
  » Frequently Lender’s will need to seek approval for any divergence from the terms of the commitment letter.
  – Understand your client’s history with this lender » Have any other loans been recently negotiated with this Lender?