You can open the Construction Loan Agreement Template in multiple formats, including PDF, Word, and Google Docs.
Construction Loan Agreement Template Printable | Editable FormSample
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
This document is intended to outline the terms and conditions for a construction loan agreement entered into on [Contract Date] for the financing of construction endeavors at [Property Address].
The Lender agrees to provide a loan in the amount of [Loan Amount] for the purpose of financing the construction of [Description of the Project].
The loan shall bear interest at a rate of [Interest Rate]% per annum, calculated from the date of disbursement until the full repayment.
Funds will be disbursed in accordance with the following schedule: [Specify disbursement milestones and amounts].
The Borrower agrees to repay the loan in full, including interest, by [Repayment Date] under the following repayment schedule: [Detail repayment terms].
The following conditions shall constitute a default under this agreement: [Specify default conditions]. In case of default, the Lender may exercise the right to take possession of the property.
This agreement shall be governed by the laws of [Jurisdiction].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
This Construction Loan Agreement is made to outline the obligations and responsibilities of both parties in relation to the construction financing provided starting on [Contract Date] for the property located at [Property Address].
The Lender agrees to lend the Borrower a sum of [Loan Amount], designated for the construction of [Project Name/Description].
The applicable interest rate shall be [Interest Rate]% with the inclusion of any additional fees specified herein: [List additional fees if applicable].
The Borrower agrees to utilize the funds exclusively for the construction project as outlined in this agreement.
The Lender reserves the right to conduct progress inspections at various stages of construction to ensure that funds are being utilized appropriately.
Repayment shall commence on [Start Date] and shall occur in [Monthly/Quarterly] installments according to the following schedule: [Detail the payment schedule].
Both parties may terminate this agreement under the following conditions: [Outline termination conditions].
This agreement shall be interpreted according to the laws of [State/Country].
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
Form
Please complete the form below to create the Construction Loan Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step. Construction Loan Agreement Template 1. Borrower Information 2. Lender Information 3. Loan Details 4. Property Information 5. Purpose of Loan 6. Draw Schedule 7. Payment Terms 8. Default and Remedies 9. Governing Law 10. Signatures and Acceptance 11. Declaration and Signatures
PDF
WORD
Construction Loan Agreement Template Printable | Editable FormPrintable
