Conditions Precedent to Initial Advance (Construction Loans) | Practical Law

Conditions Precedent to Initial Advance (Construction Loans) | Practical Law

These Standard Clauses contain a typical list of conditions that precede a construction loan's initial advance. These Standard Clauses are usually in the construction loan agreement or other operative loan document containing the key terms that governs a construction loan. These Standard Clauses are drafted to favor the construction lender but include integrated notes with helpful drafting and negotiation tips for the lender, the borrower, and their counsel.

Conditions Precedent to Initial Advance (Construction Loans)

Practical Law Standard Clauses w-002-6850 (Approx. 32 pages)

Conditions Precedent to Initial Advance (Construction Loans)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
These Standard Clauses contain a typical list of conditions that precede a construction loan's initial advance. These Standard Clauses are usually in the construction loan agreement or other operative loan document containing the key terms that governs a construction loan. These Standard Clauses are drafted to favor the construction lender but include integrated notes with helpful drafting and negotiation tips for the lender, the borrower, and their counsel.