Loan Modification Agreement
(Commercial Real Estate) (Pro-Lender)


Summary

This template is a loan modification agreement for changing terms of a commercial real estate loan that is not in default. This template includes practical guidance, drafting notes, and alternate and optional clauses. This template is for modifying a bilateral commercial real estate loan to amend terms of the promissory note and/or loan agreement. If the mortgage/deed of trust needs to be modified, this agreement may include such changes along with formatting for recording. Alternatively, a separate modification of mortgage/deed of trust may be prepared and recorded to keep loan agreement information out of the public records. For a full list of key commercial real estate loan modification content, see Commercial Real Estate Loan Modifications Resource Kit. This template is drafted from the point of view of the lender with borrower-friendly terms included in the drafting notes. The capitalized terms not otherwise defined in this template must be conformed to the defined terms in the ...