Assignment of Contracts, Licenses, and Permits
(Construction Loan)

Summary

This template is an Assignment of Contracts, Licenses and Permits which is a document used in a construction loan transaction that assigns to lender all of borrower's interest in contracts, licenses and permits related to the construction of the property. This template includes practical guidance and drafting notes. The assignment provides additional security to the lender under the loan since the contracts, licenses and permits may be invaluable to the construction of the project. This template may be tailored to suit each transaction.