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Category: Commercial Corner

Negotiating the Commercial Loan Commitment

March 20th, 2012 — 8:05am

As interest rates for commercial loans remain low, many property owners will pursue financing for their businesses or seek to refinance their current loans.  The first document that a borrower is asked to sign in connection with a commercial loan is the loan commitment letter.  The main goal of the loan commitment letter is to set forth the basic terms of the loan (how much, for how long, at what rate) as well as outline some other critical provisions (e.g., prepayment rights, transfer rights and required escrows).

Here are some points to keep in mind when negotiating a loan commitment letter: Continue reading »

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