Loan Commitment Letter
(CA)

Summary

This Loan Commitment Letter template identifies the terms and conditions of a contemplated loan secured by real property and details the lender's commitment to fund the loan to a borrower upon satisfaction of certain requirements and conditions by a date certain. This template includes practical guidance and drafting notes. This template incorporates California law. The loan commitment letter not only identifies material terms and conditions of the loan transaction but also identifies the material terms, conditions, and borrower deliverables that will be reduced to or included amongst the terms and conditions set forth in the loan and security documentation package to be prepared, executed, and delivered in conjunction with the contemplated loan transaction. For guidance on financing the acquisition of commercial real estate in California, see Commercial Real Estate Acquisition Loan Resource Kit (CA), Opinion Letters in Commercial Real Estate Financing Transactions (CA), and Commercial Real Estate Financing Transactions (CA). See also Junior Associate Real Estate Resource Kit (Acquisition Finance). For guidance for drafting commercial real estate purchase and sale agreements in California, see Purchasing and Selling Commercial Real Estate Resource Kit (CA) and Commercial Real Estate Purchase and Sale Agreements (CA). See also Junior Associate Real Estate Resource Kit (Commercial Purchase and Sale). For information on the purchase and sale of residential real property in California, see Purchase and Sale of Residential Real Property (CA). For a full listing of key content covering purchasing and selling residential real estate, see Purchasing and Selling Residential Real Estate Resource Kit. For a list of key resources covering real estate-related tasks for associates, in-house attorneys, and interns, see First Year Associate Resource Kit: Real Estate, Summer Associate Resource Kit: Real Estate, In-House Real Estate Resource Kit, and Federal Government Summer Intern Resource Kit: Real Estate.