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Lender Letter Of Intent
I need a Lender Letter of Intent for a £5 million commercial property development loan, where we require the borrower to provide both personal guarantees and property security, with a proposed drawdown date of March 2025.
1. Sender and Recipient Details: Full legal names and addresses of both parties, including company registration numbers if applicable
2. Proposed Loan Terms: Key financial terms including amount, interest rate, tenure, and repayment structure
3. Purpose of Loan: Clear statement of intended use of funds and any restrictions on usage
4. Conditions Precedent: Prerequisites and conditions that must be met before loan commitment becomes binding
5. Due Diligence Requirements: List of required documentation and verification processes for loan approval
6. Expiration Date: Statement of the validity period of the letter of intent and terms of extension if applicable
1. Security Requirements: Details of any collateral, guarantees, or security arrangements required for the loan
2. Fee Structure: Breakdown of arrangement fees, commitment fees, and other applicable charges
3. Regulatory Disclosures: Required regulatory statements, disclaimers, and compliance requirements under UK financial regulations
4. Confidentiality Provisions: Terms regarding the confidential treatment of the letter and related information
1. Term Sheet: Detailed breakdown of proposed loan terms, conditions, and financial parameters
2. Required Documentation List: Comprehensive checklist of documents required for due diligence and loan application
3. Fee Schedule: Detailed itemization of all applicable fees, charges, and payment terms
4. Key Milestones: Timeline of expected completion dates for various stages of the loan process
Authors
Proposed Terms
Loan Amount
Interest and Fees
Conditions Precedent
Due Diligence
Confidentiality
Non-Binding Nature
Exclusivity
Costs and Expenses
Governing Law
Expiration
Term and Termination
Representations and Warranties
Security Requirements
Documentation Requirements
Regulatory Compliance
Assignment
Notices
Entire Agreement
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