Financial
Construction Loan Agreement
Construction loan contract defining project financing terms, draw schedule procedures, completion requirements, lien protections, and default remedies for building projects.
Key Clauses
1
Financial Terms
Specifies principal amounts, interest rates, payment schedules, and financial obligations of each party.
2
Default and Remedies
Defines events of default and the remedies available to the non-defaulting party.
3
Representations and Warranties
Contains assurances from each party regarding their authority, financial condition, and compliance.
4
Security and Collateral
Describes any collateral pledged to secure obligations under the agreement.
5
Regulatory Compliance
Ensures the transaction complies with applicable financial regulations and reporting requirements.
Use This Template
When You Need This
- Home builder securing financing for custom residential construction project
- Property developer obtaining loan for commercial building construction
- Individual building custom home with construction-to-permanent financing
- Contractor needing bridge financing for project materials and labor