Commercial Loan Closing
The one thing I love about being an Independent Notary is the variety.
I meet a variety of clients and perform a variety of notarizations, no two days are the same.
For example, I had the privilege of helping two local developers with the Commercial Loan Closing of the development of a Low Housing multifamily complex for a city called Lost Hills, in Kern County California, located west-northwest of Bakersfield where 75% of the population is engaged in agriculture. This particular complex would house the local farmworkers & their families who majority are low income. The gentlemen found me online through my AdWorks on google which is on 1st page placement.
This was a lengthy signing one that took about 3 hours to complete due to the number of documents that needed to be Notarized. Although I don’t know the exact purpose of each document, a separate journal entry had to be made per page per signer, which is a requirement according to California law.
Documents I Notarized
Tower Line Agreement
UCC Financing Statement
Construction DOT Assignment of Rents
Delivery Assurance Deed Of Trust
Regulatory & Declaration of Rest. Cov
Delivery Assurance Deed of trust Multifamily
Amended & Restated Agreement
Construction & Permanent Deed of Trust
Deed of Trust with Assignment of Rents
Deed of Trust
Assignment of Assumption
The amount of documents may seem small but we had 3 packages to do, Lender Copy, Title Copy and & Housing Authority Copy. We joked about how sore our hand was after this lengthy signing.
Independent Notary Public