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Demystifying The SBA Loan Application - Landlord Lien Subordination And Collateral Access Agreement
Manage episode 269106613 series 2518941
The Landlord Lien Subordination And Collateral Access Agreement is required to be executed during the loan closing process when an applicant receiving an SBA loan has secured an interest in real property through a commercial lease.
Parties to the agreement include the SBA Lender, who is referred to as the Lender, the SBA loan applicant, who is referred to as the Tenant and the Landlord who owns the premises occupied by the Tenant, who is referred to as the Landlord.
The purpose of this agreement is to solicit and confirm the Landlord's willingness to facilitate the loan by agreeing to subordinate its interest, if any, in the collateral, and permit Lender access to the collateral located at the premises in the event of Tenant default subject to the following terms and conditions.
Resources
https://mysbaloanpro.com - My SBA Loan Pro Podcast
https://youtube.com/@mysbapro - YouTube Channel
https://thinksba.com/faq - Frequently Asked Questions
https://mysba.pro/page - Google Business Page & Reviews
https://mysba.pro/cal - Schedule Call
53 episódios
Manage episode 269106613 series 2518941
The Landlord Lien Subordination And Collateral Access Agreement is required to be executed during the loan closing process when an applicant receiving an SBA loan has secured an interest in real property through a commercial lease.
Parties to the agreement include the SBA Lender, who is referred to as the Lender, the SBA loan applicant, who is referred to as the Tenant and the Landlord who owns the premises occupied by the Tenant, who is referred to as the Landlord.
The purpose of this agreement is to solicit and confirm the Landlord's willingness to facilitate the loan by agreeing to subordinate its interest, if any, in the collateral, and permit Lender access to the collateral located at the premises in the event of Tenant default subject to the following terms and conditions.
Resources
https://mysbaloanpro.com - My SBA Loan Pro Podcast
https://youtube.com/@mysbapro - YouTube Channel
https://thinksba.com/faq - Frequently Asked Questions
https://mysba.pro/page - Google Business Page & Reviews
https://mysba.pro/cal - Schedule Call
53 episódios
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