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    Commercial Loan Fee Agreement

    Uploaded by

    shazlina_li
    The commercial loan and fee agreement is between a borrower and a broker to assist the borrower in obtaining financing. The broker will help prepare and submit the loan application, obtain any additional required documents, and work to secure an acceptable financing commitment. The borrower agrees to provide accurate information and pay for expenses. A processing fee is due upon signing, and the broker will receive a commission of up to 2.5% of the loan amount if the borrower closes on funding from a lender introduced by the broker within 36 months.

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    © All Rights Reserved
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    Commercial Loan Fee Agreement

    Uploaded by

    shazlina_li
    518 views2 pages
    The commercial loan and fee agreement is between a borrower and a broker to assist the borrower in obtaining financing. The broker will help prepare and submit the loan application, obtain any additional required documents, and work to secure an acceptable financing commitment. The borrower agrees to provide accurate information and pay for expenses. A processing fee is due upon signing, and the broker will receive a commission of up to 2.5% of the loan amount if the borrower closes on funding from a lender introduced by the broker within 36 months.

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    sample loan agreement

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    The commercial loan and fee agreement is between a borrower and a broker to assist the borrower in obtaining financing. The broker will help prepare and submit the loan application, obtain any additional required documents, and work to secure an acceptable financing commitment. The borrower agrees to provide accurate information and pay for expenses. A processing fee is due upon signing, and the broker will receive a commission of up to 2.5% of the loan amount if the borrower closes on funding from a lender introduced by the broker within 36 months.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    518 views2 pages

    Commercial Loan Fee Agreement

    Uploaded by

    shazlina_li
    The commercial loan and fee agreement is between a borrower and a broker to assist the borrower in obtaining financing. The broker will help prepare and submit the loan application, obtain any additional required documents, and work to secure an acceptable financing commitment. The borrower agrees to provide accurate information and pay for expenses. A processing fee is due upon signing, and the broker will receive a commission of up to 2.5% of the loan amount if the borrower closes on funding from a lender introduced by the broker within 36 months.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

     

    COMMERCIAL LOAN & FEE AGREEMENT

    Borrower Name: Contact: Jhoanna R. Jones

    Address:
    (415)-902-0619
    Tel:

    Transaction Description: Date: Monday, May 30, 16

    THIS AGREEMENT entered into between (“Client”) and Jhoanna R. Jones at Los Gatos
    Lending Group. (“Broker”) with offices located at Los Gatos Lending Group, 1274 Jubilee St
    Richland WA 99352 sets forth the terms of the transaction as follows:

    Broker will assist Client in applying for a firm commitment to obtain a financing for the above
    referenced project:

    Broker will assist in preparation of all loan application(s) and all required exhibits, which must be
    submitted to Lender(s).

    Broker will assist and obtain any additional documents requested and required by Lender(s) to
    process the loan file.

    Broker will make due diligence to secure a commitment acceptable to Client and will assist in
    procuring all necessary documents to close loan.

    Client agrees to furnish all current information to allow Broker to perform Broker’s services in
    a timely manner. All submissions made to a lending institution will be based on the information
    supplied to Broker by the Client. Any analysis provided to the Client is likewise based on the
    information supplied to Broker by the Client. Where warranted, the Client agrees that the Client
    will authorize appropriate professional(s) to supply89 the information.

    1274 Jubilee St Richland WA 99352| (415)-902-0619 Cell| (509)-339-7263 Fax |www.losgatoslend.com

    Loans provided by third parties Licensed U.S. Mortgage Lenders


    PAGE 2

    All reasonable and customary expenses and fees related to this transaction requested by Broker
    and by separate financial institutions (application fees, appraisals, credit reports, etc.) shall be
    incurred directly by Client and paid in a timely fashion.

    A processing fee of $(varies) is required for this loan application. Said fee is payable upon
    signing of this Agreement.

    A Broker Commission Fee of up to 2.5% of the total loan amount of will be paid to the Broker if:
    (a) the Client closes on the transaction described above, and (b) when and if the Client accepts
    funding from the Broker’s Lender(s). By signing this Agreement the Client authorizes the
    Broker to send Agreement as part of the loan package. It further authorizes the lender to deduct
    the total sum due directly from the proceeds of the loan and pay this sum directly to Broker at
    time of closing. Additional points and fees may be due directly to the Lender. Client is aware and
    authorizes said fees and points to be paid directly to Lender out of loan proceeds.

    The Client agrees that Broker is a non-exclusive originator to obtain the funds for this project.

    If, for a period of thirty-six months from the date of this Agreement, the Client secures any
    direct financing from the Lender or affiliates introduced by the Broker or successors during the
    term of this Agreement, the Broker shall be paid the same compensation as set forth in this
    Agreement, as if the application was fully processed by the Broker.

    This agreement shall remain valid for a period of thirty-six months from the date of signing this
    Agreement. The terms of this Agreement may only be changed in writing and signed by both
    parties.

    __________________________________ ________________________________
    Client Jhoanna R. Jones/Broker

    ________________________________
    Client

    DATED: _______________________________

    WITNESSED BY: _______________________________

    DATED: _______________________________

    1274 Jubilee St Richland WA 99352| (415)-902-0619 Cell| (509)-339-7263 Fax |www.losgatoslend.com

    Loans provided by third parties Licensed U.S. Mortgage Lenders

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