The Wraparound Deed of Trust is a sophisticated financing instrument utilized in the Philippine real estate market when a property owner seeks additional financing while an existing mortgage remains in place. This document is particularly useful in situations where the existing loan has favorable terms that the borrower wishes to preserve, or when a complete refinancing is not practical or desirable. The document establishes a trust arrangement governed by Philippine law, where the new lender takes responsibility for the existing loan payments while creating a new, larger loan that "wraps around" the original one. This structure must comply with Philippine property and banking regulations, including the Civil Code of the Philippines and relevant banking laws. The document typically includes comprehensive details about both loans, payment structures, default provisions, and the responsibilities of all parties involved.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies all parties: the Trustor (borrower), Beneficiary (new lender), Trustee, and acknowledgment of the existing lender
2. Background: Recitals explaining the existing loan, the property details, and the purpose of the wraparound arrangement
3. Definitions: Defines key terms including Property, Senior Loan, Wraparound Loan, Trust Estate, and Payment Terms
4. Grant of Trust: Formal conveyance of the property into trust as security for the wraparound loan
5. Loan Terms: Details of the wraparound loan amount, interest rate, payment schedule, and total indebtedness
6. Senior Loan Provisions: Acknowledgment of senior loan, terms for handling payments, and responsibilities regarding the senior loan
7. Trustor's Covenants: Borrower's obligations including property maintenance, insurance, taxes, and compliance with senior loan terms
8. Default and Remedies: Events of default, cure periods, and available remedies including foreclosure procedures
9. Release and Reconveyance: Conditions and process for releasing the trust deed upon full payment
10. Trustee's Powers and Duties: Scope of trustee's authority and responsibilities
11. Notice Provisions: Requirements for all communications between parties
12. Governing Law and Jurisdiction: Specifies Philippine law governance and jurisdiction for disputes
1. Due-on-Sale Clause: Optional provision triggering full payment if the property is sold, used when specifically requested by the lender
2. Acceleration Clause: Optional provision allowing lender to demand full payment under specified circumstances
3. Partial Release Provisions: Include when the property consists of multiple parcels that may be released separately
4. Environmental Warranties: Added for commercial properties or when environmental concerns exist
5. Assignment and Subordination: Include when there may be future financing needs or potential assignment of the wraparound loan
6. Property Management Provisions: Added for income-producing properties requiring specific management standards
1. Schedule A - Property Description: Legal description of the property and title details
2. Schedule B - Senior Loan Details: Complete terms and conditions of the existing senior loan
3. Schedule C - Payment Schedule: Detailed amortization schedule showing payments for both senior and wraparound loans
4. Schedule D - Permitted Encumbrances: List of approved existing liens or encumbrances on the property
5. Appendix 1 - Copy of Senior Loan Agreement: Attached copy of the original loan agreement being wrapped
6. Appendix 2 - Insurance Requirements: Detailed specifications for required property insurance coverage
7. Appendix 3 - Property Maintenance Standards: Specific requirements for property upkeep and maintenance
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking & Finance
Property Development
Construction
Commercial Property
Residential Property
Legal Services
Insurance
Property Management
Investment & Asset Management
Relevant Teams
Legal
Real Estate
Compliance
Risk Management
Finance
Property Management
Investment
Operations
Credit Analysis
Documentation
Relevant Roles
Real Estate Attorney
Property Manager
Loan Officer
Mortgage Broker
Real Estate Developer
Investment Manager
Trust Officer
Legal Counsel
Compliance Officer
Real Estate Agent
Property Developer
Financial Advisor
Risk Manager
Real Estate Investment Manager
Title Officer
Find the exact document you need
Warranty Trust Deed
A Philippine law-governed deed establishing a trust arrangement to secure and manage warranty obligations, combining trust and warranty protection mechanisms.
Download
Quitclaim Deed Trust
A Philippine legal document that combines a property rights transfer through quitclaim with trust establishment, governed by Philippine property and trust laws.
Download
Trust Deed For Charitable Trust
A Philippine law-governed deed establishing a charitable trust, defining its management structure, charitable purposes, and regulatory compliance requirements.
Download
Pension Trust Deed
A Philippine law-governed trust deed establishing and regulating a pension fund, defining relationships between sponsors, trustees, and beneficiaries.
Download
Deed Of Amendment Trust
A Philippine law-governed document that formally amends an existing trust deed, enabling modifications to trust arrangements while maintaining legal compliance and continuity.
Download
Purchase Deed Of Trust
A Philippine legal document combining property purchase and trust establishment, governed by Philippine property and trust laws.
Download
Bare Trust Deed
A Philippine law-governed trust deed establishing a bare trust arrangement where trustees hold property with minimal active duties, acting solely on beneficiaries' instructions.
Download
Promissory Deed
A formal legal document under Philippine law evidencing an unconditional promise to pay a specific sum of money, compliant with local Civil Code and Negotiable Instruments Law requirements.
Download
Trust Deed Variation
A Philippine law-governed document that formally modifies an existing trust deed's terms while maintaining compliance with local trust regulations and the Civil Code.
Download
Property Trust Deed
A legal document under Philippine law establishing a trust arrangement for real property management and administration by trustees for specified beneficiaries.
Download
Deed Of Trust Note
A Philippine legal instrument creating a three-party trust arrangement to secure a loan, combining a promissory note with property security under Philippine law.
Download
Unreleased Deed Of Trust
A Philippine law-governed document establishing a trust arrangement for property management, with the deed held in escrow pending specific conditions.
Download
Trustee Warranty Deed
A Philippine legal document used by trustees to transfer real property while providing warranties, complying with local trust and property laws.
Download
Grant Deed And Deed Of Trust
A Philippine legal document that combines property transfer with trust creation, transferring property ownership while establishing trust arrangements under Philippine law.
Download
Warranty Deed And Deed Of Trust
A Philippine legal instrument that combines property transfer with warranty provisions and trust establishment, governed by Philippine civil law and property regulations.
Download
Declaration Of Trust Sole Owner
A Philippine law-governed declaration establishing a trust relationship where an individual holds assets as both settlor and trustee, specifying terms for trust administration and asset management.
Download
Deed Of Reconveyance
A Philippine legal document that transfers property title back to its rightful owner, typically used after mortgage satisfaction or to correct title errors.
Download
Wraparound Deed Of Trust
A Philippine law-governed trust deed that creates a new loan encompassing an existing mortgage, with the new lender managing payments on both loans.
Download
Master Deed Of Trust
A foundational legal document under Philippine law that establishes a trust relationship, defining the transfer and management of assets from settlor to trustee for specified beneficiaries.
Download
Land Trust Deed
A Philippine legal document establishing a trust arrangement for real property, transferring land ownership to a trustee for management on behalf of beneficiaries.
Download
Declaration Of Trust Beneficial Interest
A Philippine law-governed document establishing a trust relationship where a trustee holds and manages assets for a beneficiary's benefit, defining legal and beneficial ownership rights.
Download
Commercial Deed Of Trust
A Philippine law-governed document establishing a commercial trust arrangement, defining trustee responsibilities and beneficiary rights.
Download
Partial Claim Deed Of Trust
A Philippine law governed trust deed establishing the management and administration of a partial property claim or interest, creating a fiduciary arrangement for designated beneficiaries.
Download
Seller Financed Deed Of Trust
A Philippine law-governed security instrument creating a trust arrangement for seller-financed property purchases, establishing rights and obligations between seller, buyer, and trustee.
Download
Junior Deed Of Trust
A Philippine law-governed security instrument creating a subordinate trust arrangement over real property to secure a secondary loan.
Download
Revocable Deed
A Philippine law-compliant legal document enabling property transfer with retained revocation rights, commonly used in various property transactions within the Philippines jurisdiction.
Download
Purchase Money Deed Of Trust
A Philippine legal instrument creating a security interest in real property to secure a purchase money loan, involving a trustor, beneficiary, and trustee.
Download
Performance Deed Of Trust
A Philippine law-governed trust instrument that secures performance obligations through a trustee-managed arrangement, providing security and enforcement mechanisms for the beneficiary.
Download
Leasehold Deed Of Trust
A Philippine law document establishing a trust over leasehold property rights, designating a trustee to manage the property for specified beneficiaries.
Download
Life Insurance Trust Deed
A Philippine law-governed trust deed that establishes a trust arrangement for managing and distributing life insurance policy proceeds according to the settlor's wishes.
Download
Revocable Gift Deed
A Philippine law-compliant deed for transferring property as a revocable gift, including transfer terms and revocation rights.
Download
Promissory Note Deed
A Philippine law-governed formal written promise to pay a specified sum of money, serving as a legally binding debt instrument under the Negotiable Instruments Law.
Download
Floating Deed Of Trust
A Philippine law-governed security instrument creating a floating charge over company assets, allowing business operations while maintaining lender security.
Download
Declaration Of Trust Joint Tenancy
A Philippine law document establishing a trust arrangement with joint tenancy and survivorship rights, combining trust management with joint property ownership principles.
Download
Promissory Note Secured By Deed Of Trust
A Philippine law-governed instrument combining a promise to pay with property security through a trust arrangement, commonly used in secured lending transactions.
Download
Irrevocable Inter Vivos Deed Of Gift
A Philippine law-governed deed that enables irrevocable transfer of property from donor to donee during the donor's lifetime.
Download
Living Trust Deed
A Philippine legal document establishing a living trust arrangement for asset management and distribution, governed by Philippine Civil Code and banking regulations.
Download
Flexible Trust Deed
A Philippine law-governed flexible trust instrument for adaptable asset management and wealth transfer, with comprehensive trustee powers and beneficiary protections.
Download
Debt Trust Deed
A Philippine law-governed trust instrument establishing security arrangements for debt obligations, detailing trustee powers and enforcement rights.
Download
All Inclusive Trust Deed
A comprehensive trust deed under Philippine law that consolidates all trust provisions, asset details, and administrative requirements into a single binding instrument.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)