Construction Loan Agreement - 1106 Downloads

Free Agreement Templates by hloom.com
Construction Loan Agreement
File Size: 41 KB
Downloads: 1106
Uploaded on: 2015-11-15 19:10:00
File Name: Construction-Loan-Agreement.docx
Download: Free
When builders seek funding for a project, they usually contact a bank and request a loan. The lender must have a construction loan agreement for them to sign which details the responsibilities and obligations of both parties and ensures legal protection.The agreement should be in the style of a formal contract with all points relative to the loan covered, terms defined, and signed and dated by both parties. The correct construction loan agreement format should be a few pages long and contain sections such as "warranties", "disbursement of funds" and "defaults".This construction loan agreement sample is between a builder and a lender and details how the funding will be disbursed and what will happen if either party does not perform their obligations.

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