Loan Documents & Finance

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Loan documents

Loan Attorney

Whether your loan document is complex and formal between institutions, or brief and specific between individuals, our professional attorneys can assist you. We’ll provide the appropriate documentation to ensure your transaction goes smoothly.
  • Bank Lending
  • Promissory Notes and Guaranties
  • Security Agreements, Trust Deeds and Assignments
  • Subordination Agreements
  • Mortgages
  • Construction Loan Documents

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Detailed Loan Agreements

Whether it's a loan between individuals, a bank and a borrower, or a business and a supplier — our loan attorneys help you draft the appropriate documentation. Drawing up a mortgage, construction loan, or other financial agreement requires attention-to-detail and knowledge of changing regulations. When you work with an attorney to finalize your loan, you can be sure everything is in order.

Banking institutions need appropriate collateral and very specific terms of repayment to accommodate the large amounts of capital they lend. Our experienced attorneys can draft the specific loan documents needed, such as mortgages, construction loans, security agreements, or subordination agreements.

Transactions between businesses often need more than mutual trust to ensure they are finalized in a fair manner. Working with our attorneys provides peace of mind that your financial contracts, promissory notes, etc. are complete and legally enforceable.

Loans between individuals may need to be more formal than a simple IOU. Hiring an attorney to draw up a loan agreement can ensure both parties agree to the terms of repayment and potential collateral.
  • Loan agreements are financial contracts that must be balanced, specific, and legally enforceable.
  • Our attorneys assist you with defining terms of repayment and collateral for your loans.
  • We provide the appropriate loan documents for banks, businesses, and individuals.
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Frequently Asked Questions


What is a promissory note?
 
This document is more formal than an IOU but less rigid than a loan contract. A promissory note is a written promise by one party to pay another party a definite sum of money. It typically specifies the principal amount owed, interest rate, specified date of collection, etc.

Businesses can use promissory notes as a means of short-term financing.

 

What is a subordination agreement?
 
This legal document ranks multiple loans by order of importance. If you have a mortgage and a home equity line of credit, you have two loans secured by your home as collateral. In a foreclosure, the value of your home may not cover both loans. A subordination agreement specifies which loan would be paid first. This document helps lenders minimize their potential losses.
 

What is a security agreement?
 
This legal document between a lender and borrower provides the lender with a security interest in a specified asset pledged as collateral. A security agreement typically outlines provisions for funding, repayment terms, and any other requirements.
For example, a small business may obtain capital through a security agreement that specifies business equipment or real estate as collateral.

 

Do I need a lawyer for a construction loan?
 
An experienced attorney can help you draft and implement a construction loan. We'll assist with negotiating payment terms with lenders, providing documentation, and setting the timing for construction draws.