Construction Loan Agreement Example

A construction credit agreement is a contract between a borrower and a lender. It explains the essential terms of the loan, such as the amount borrowed and the timing for the payment of the loan. An effective credit agreement also includes the commitments made by the borrower to the lender. For example, a lender wants the borrower to promise to complete the job on time, obtain the necessary authorizations, and take out specific insurance. This SECOND AMENDMENT TO THE CONSTRUCTION LOAN AGREEMENT is part of the construction loan agreement (loan n°***) of 26 January 2015, including any modification thereof, which is part of the construction loan agreement and is executed under a loan or other financial arrangements between lender and borrower. This construction credit agreement will be entered into effective March 29, 2018 by and between state Farm LIFE INSURANCE COMPANY, an Illinois (State Farm) company and TRADEPORT DEVELOPMENT VI, LLC (“Borrower”) for a loan totaling up to $14,287,500.00. For a good and valuable consideration, the maintenance and suitability of which are confirmed, the parties agree as follows: this construction loan agreement (this “contract”) will be concluded on July 9, 2013 between the borrowers, lenders and contractors identified and whose addresses are indicated below. Bank”) and EB, L.P., a California, organizes and exists This site is protected by reCAPTCHA and Google`s privacy policy and terms of use apply. THIS IS A TEMPLATE OF A USAGE DOCUMENT IN HOMESTYLE CREDIT TRANSACTIONS. THIS FORM IS PROVIDED AS AN EXAMPLE AND IS NOT VALID AND ENFORCEABLE IN ALL JURISDICTIONS.

LENDERS SHOULD CONSULT WITH LEGAL COUNSEL TO ENSURE THAT ALL FORMS USED FOR THE GRANTING OF CREDIT ARE APPROPRIATE AND THAT ALL LEGAL INSTRUMENTS ARE COMPLETED CORRECTLY AND IN ACCORDANCE WITH THE LEGISLATION IN FORCE. Learn more about FindLaw`s newsletters, including our terms of service and privacy policy. . THIS CONSTRUCTION CREDIT AGREEMENT WILL BE ENTERED INTO ON OR AFTER THIS 28 on February 22, 2019 (effective date) by and between GROTON STATION FUEL CELL, LLC, a limited liability company in Connecticut (the Borrower) and FIFTH THIRD BANK, an Ohio banking company (with its successors and assignees, the “Lender”). . This construction credit agreement (this “Agreement”) between SOUTHSIDE BANK, a Texas public bank (“Lender”) and COLLEGE STATION 1892 PROPERTIES, L., between September 1, 2017. C L., a Texas limited liability company (“borrower”), in effect. . . .