Governs a construction-to-permanent or standalone construction loan with a detailed draw schedule, inspection requirements, budget controls, completion guarantee, and interest reserve mechanics.
The Construction Loan Agreement & Draw Schedule is a ready-to-use finance & investment template you can send for signature in minutes. It is written for 2 signers (borrower and lender) and, by default, expires 30 days after it is sent if left unsigned. It covers construction loan, draw schedule, real estate, commercial finance, interest reserve, completion guarantee. Like every Abundera Sign template it is a convenience draft structured for ESIGN Act and UETA compliance, not a substitute for legal advice. Each signed copy is sealed with PAdES-LTA digital signatures, dual RFC 3161 timestamps, and a tamper-evident evidence package in WORM storage.
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# Construction Loan Agreement & Draw Schedule This Construction Loan Agreement and Draw Schedule (this "Agreement") is entered into as of ___________ by and between: **Borrower:** ___________, a ___________ ("Borrower"); and **Lender:** ___________, a ___________ ("Lender"). --- ## 1. Project Description **Project Name:** ___________ **Project Type:** ___________ **Project Address:** ___________ **Legal Description:** ___________ **Total Project Cost (Budget):** ___________ **Estimated Completion Date:** ___________ **General Contractor:** ___________ **Architect of Record:** ___________ --- ## 2. Loan Terms ### 2.1 Loan Amount Lender agrees to make a construction loan to Borrower in an aggregate principal amount not to exceed ___________ (the "Loan"), representing ___________% of the total project cost. Disbursements shall be made only in accordance with the draw schedule and conditions set forth herein. ### 2.2 Construction Period The "Construction Period" commences on the date of this Agreement and expires on ___________, unless extended in accordance with Section 2.7.