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Bridge Loan Term Sheet Template
I need a Bridge Loan Term Sheet Template for a £5 million real estate development bridge facility with a 12-month term, targeting completion by March 2025, with security over the development property and personal guarantees from the company directors.
1. Parties: Identification of lender and borrower with full legal names and registration details
2. Background: Purpose of the bridge loan, context and transaction overview
3. Facility Details: Key terms including amount, purpose, availability period and facility type
4. Interest and Fees: Interest rate, calculation method, arrangement fees, commitment fees and other charges
5. Repayment Terms: Maturity date, repayment schedule, prepayment provisions and exit mechanisms
6. Security: Details of collateral, guarantees and security arrangements
1. Conditions Precedent: Pre-drawdown conditions and required documentation, used for complex transactions
2. Covenants: Financial and operational commitments, typically used for larger facilities or higher-risk borrowers
3. Events of Default: Circumstances triggering default and acceleration, used for higher-risk loans or sophisticated transactions
4. Representations and Warranties: Borrower statements and assurances, used for sophisticated borrowers or complex transactions
1. Form of Drawdown Notice: Standard template for requesting loan disbursement
2. Security Details Schedule: Comprehensive description of security arrangements and asset details
3. Fee Schedule: Detailed breakdown of all applicable fees, charges and their calculation methods
4. Conditions Precedent Documents: Checklist of required documentation and conditions to be satisfied before drawdown
Authors
Bridge Facility
Business Day
Commitment
Conditions Precedent
Default
Event of Default
Facility Amount
Final Maturity Date
Finance Documents
Financial Indebtedness
Interest Payment Date
Interest Period
Interest Rate
Lender
Loan
Margin
Material Adverse Effect
Obligor
Purpose
Repayment Date
Security
Security Documents
Term Sheet
Transaction Documents
Utilisation
Utilisation Date
Utilisation Request
Warranties
Security Provider
Guarantor
Permitted Security
Reference Rate
Secured Obligations
Signing Date
Tax
Working Capital
Availability Period
Interest and Fees
Repayment Terms
Security
Conditions Precedent
Representations and Warranties
Covenants
Events of Default
Mandatory Prepayment
Voluntary Prepayment
Interest Rate Protection
Security Enforcement
Assignment and Transfer
Costs and Expenses
Notices
Confidentiality
Governing Law
Jurisdiction
Tax Provisions
Information Undertakings
Financial Covenants
Change of Control
Documentation
Due Diligence
Indemnification
Break Costs
Market Disruption
Set-off Rights
Amendments and Waivers
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