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Sample Promissory Note documents you will find on Practical Law

  • A form of promissory note evidencing a commercial real estate loan being secured by a mortgage, deed of trust, or other type of security instrument encumbering real property owned by the loan borrower. This Standard Document is for a term loan that has been fully advanced by the lender to the borrower at closing and has been drafted in favor of the lender. This Standard Document has integrated drafting notes with important explanations and drafting and negotiating tips for both lenders and borrowers.

  • This Standard Document is a short form, jurisdictionally-neutral form mortgage intended for use with a commercial real estate loan or a corporate credit facility governed by a loan agreement or credit agreement and secured by one or more parcels of commercial real estate owned by the borrower. This Standard Document is for a term loan that has been fully advanced at closing. It must be customized to reflect applicable state and local laws and customs for the enforceability and interpretation of mortgages. This Standard Document has integrated drafting notes with important explanations along with drafting and negotiating tips for both lenders and borrowers.

  • A Practice Note providing an overview of commercial real estate loans describing each stage of a loan transaction, including loan application, loan documentation, due diligence, closing, and post-closing. This Note highlights nonrecourse first-priority mortgage loans secured by a single parcel of improved real property, but much of the guidance contained in this Note can be applied to other types of financing transactions, including multi-property transactions and corporate loan facilities secured only in part by real property.

  • This Practice Note outlines the closing procedures that are fundamental to all types of commercial loans closings. It highlights specifically the steps taken to close a first priority permanent loan secured by one or more parcels of real property in a single state but applies to other types of loan closings, including corporate loans that are only partially secured by real property. This Note also includes a separate section highlighting the issues faced when a loan secures a multistate property portfolio.

  • This Checklist outlines many of the important steps involved in successfully closing a commercial real estate loan. This Checklist examines the importance of tracking the progress of a transaction on an official closing checklist, conducting due diligence, reviewing loan documentation, coordinating closing, the closing process, and attending to post-closing matters.

  • A compilation of resources for closing commercial real estate mortgage loans, including Practice Notes with guidance and practice tips, Checklists for monitoring the progress of a loan transaction, and jurisdictionally-neutral Standard Documents and Standard Clauses representative of those commonly used in many national mortgage loan programs. This Toolkit also contains Q&A Tools that give real estate practitioners important state-specific information across multiple jurisdictions.

  • Find answers to state law questions and compare law across multiple jurisdictions regarding the topic of real estate finance.

  • Find answers to state law questions and compare law across multiple jurisdictions regarding the topic of real estate loan drafting.

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