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Updated about 5 years ago on . Most recent reply

Jim Stout's profile image
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Jim Stout
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  • Member since Sep 16, 2019
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Jim Stout's profile image
Jim Stout's profile image
Jim Stout
  • Specialist
  • Member since Sep 16, 2019
Connect
Jim Stout
  • Specialist
4
Votes |
9
Posts
Tax Liens & Mortgage Notes

Form LOI for Mortgage Lending

Jim Stout
  • Specialist
Posted

Anyone have a form LOI for mortgage lending they can share? I'm looking to lend on a deal, and they don't have an LOI outlining the terms of the deal that can be signed before money is wired to the closing agents escrow account. I prefer to sign an LOI with the Mortgage and Note attached as an exhibit before I wire any funds. This is my first trip lending on a deal, but I've run plenty of corporate A&D transactions at work and this was normal course of business.

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