Ƶ

Building Loan Contract for the United States

Building Loan Contract Template for United States

A Building Loan Contract is a legally binding agreement used in the United States that establishes the terms and conditions for financing construction projects. This document outlines the loan amount, disbursement schedule, interest rates, repayment terms, and security arrangements between a lender and borrower. It includes specific provisions for construction milestones, draw requests, and compliance with federal and state regulations, including TILA and RESPA requirements.

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.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Building Loan Contract

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Building Loan Contract?

The Building Loan Contract serves as the primary financing instrument for construction projects in the United States. This document is essential when a developer or property owner requires funding for new construction, renovation, or improvement projects. The contract typically includes detailed provisions for loan disbursement schedules, construction milestones, security arrangements, and compliance requirements. It must adhere to both federal regulations (such as TILA and RESPA) and state-specific construction lending laws. The Building Loan Contract is particularly crucial for protecting both lender and borrower interests throughout the construction process.

What sections should be included in a Building Loan Contract?

1. Parties: Identification of lender and borrower with full legal details

2. Background: Purpose of loan and project description

3. Definitions: Key terms used throughout the agreement

4. Loan Amount and Terms: Principal amount, interest rate, and repayment terms

5. Disbursement Schedule: Terms and conditions for loan disbursements

6. Security: Collateral and security arrangements

7. Conditions Precedent: Requirements before loan becomes effective

8. Representations and Warranties: Statements of fact by borrower

9. Covenants: Ongoing obligations of the borrower

What sections are optional to include in a Building Loan Contract?

1. Cost Overrun Provisions: Additional terms governing handling of expenses exceeding initial budget - recommended for larger construction projects with complex budgets

2. Environmental Provisions: Environmental compliance requirements and obligations - recommended when project involves environmental risks

3. Insurance Requirements: Detailed insurance coverage requirements and minimum coverage amounts - recommended for projects requiring specialized insurance

What schedules should be included in a Building Loan Contract?

1. Schedule A - Property Description: Legal description of construction property

2. Schedule B - Construction Budget: Detailed project cost breakdown

3. Schedule C - Construction Timeline: Project milestones and completion dates

4. Schedule D - Draw Request Forms: Templates for requesting loan disbursements

5. Schedule E - Required Permits: List of necessary permits and approvals

6. Schedule F - Construction Plans: Approved architectural and engineering plans

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

United States

Publisher

Ƶ

Document Type

Loan Agreement

Sector

Banking

Cost

Free to use
Clauses






























Industries

Truth in Lending Act (TILA) and Regulation Z: Federal legislation requiring disclosure of credit terms, regulating interest rates and fees, and establishing borrower's rights in lending transactions

Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes, requiring disclosure of settlement costs and prohibiting kickbacks in real estate transactions

Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in lending practices and establishing requirements for fair lending

Fair Housing Act: Federal legislation protecting against discrimination in housing-related transactions, including lending

State Construction Lien Laws: State-specific regulations governing mechanic's liens, material supplier liens, and lien priorities in construction projects

State Usury Laws: State-specific regulations setting maximum interest rates and fee limitations for lending transactions

State Licensing Requirements: State-specific regulations for contractor and lender licensing in construction and lending activities

State Consumer Protection Laws: State-specific laws governing disclosure requirements, cooling-off periods, and cancellation rights in consumer transactions

Building Codes and Zoning Requirements: Local and state regulations governing construction standards, zoning compliance, and permit requirements

Construction Industry Payment Laws: Regulations governing progress payments and retainage in construction projects

Federal Reserve Regulations: Banking regulations establishing reserve requirements and interest rate guidelines for lending institutions

State Banking Laws: State-specific regulations governing lending institutions and security interest requirements in lending transactions

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Take Over Mortgage Payments Contract

A U.S. legal agreement enabling the transfer of mortgage payment obligations from one party to another while maintaining original loan terms.

Download

Basic Loan Agreement Between Friends

A US-jurisdiction agreement formalizing personal loans between friends, including essential terms and conditions while maintaining legal validity under state laws.

Download

Agreement For Lending Money To Friends

A U.S.-compliant legal agreement template for documenting and formalizing monetary loans between friends, including essential loan terms and protections for both parties.

Download

Loan Contracts Between Friends

A U.S.-compliant loan agreement template for personal lending between friends, balancing legal requirements with maintaining friendly relations.

Download

Lending Contract Agreement

A U.S.-governed agreement establishing the terms and conditions of a loan between lender and borrower, compliant with federal and state lending regulations.

Download

Unsecured Loan Agreement Individual To Company

A U.S.-governed agreement documenting an unsecured loan from an individual to a company, specifying loan terms and obligations.

Download

Agreement To Take Over Car Payments

A U.S. legal agreement transferring vehicle loan payment responsibilities from original borrower to a new party.

Download

Tri Party Agreement Home Loan

A U.S.-governed agreement establishing terms and conditions for a three-party home loan arrangement between borrower, primary lender, and third party (guarantor/co-lender).

Download

Amenities Agreement For Loan

A U.S. legal document combining loan terms with amenities usage rights and responsibilities, subject to federal and state lending regulations.

Download

Loan Contract Between Friends

A U.S.-compliant legal agreement documenting loan terms between individuals, including repayment obligations and default provisions.

Download

Petty Cash Loan Agreement

A U.S.-compliant legal document formalizing small-scale cash loans for minor business expenses or operational needs.

Download

Letter Borrowing Money From A Friend

A legally binding U.S. document formalizing a personal loan agreement between friends.

Download

Good Faith Loan Agreement

A U.S.-compliant legal document formalizing a lending arrangement between trusted parties, outlining loan terms and conditions.

Download

Interest Only Loan Contract

A U.S.-governed agreement where the borrower pays only interest for a specified period, with principal due later.

Download

Letter Of Loan Agreement Between Friends

A US-compliant legal document formalizing a loan agreement between friends, specifying loan terms and repayment conditions.

Download

Secured Loan Contract

A U.S. legal agreement documenting a loan secured by specific collateral, governed by UCC Article 9 and state laws.

Download

Bank Loan Term Sheet

A U.S. law-governed preliminary document outlining key terms and conditions of a proposed bank loan facility, serving as the basis for the final loan agreement.

Download

Loan Contract For Family

A US-compliant loan agreement for financial arrangements between family members, incorporating IRS requirements and state regulations for family lending.

Download

Option Contract Car Loan

A U.S.-governed agreement combining auto financing with option rights, subject to federal and state lending regulations.

Download

Loan On Rent Agreement

A U.S.-compliant legal agreement governing the temporary rental of equipment or property between a lessor and lessee.

Download

Loan On Lease Agreement

A U.S. legal agreement that provides financing secured by the borrower's rights under an existing lease agreement.

Download

Assumption Of Mortgage Form

A U.S. legal document that enables the transfer of mortgage obligations from an existing borrower to a new borrower.

Download

Mortgage Note Purchase Agreement

A U.S. legal agreement governing the sale and transfer of mortgage notes between parties, including terms, conditions, and regulatory compliance requirements.

Download

Car Loan Assumption Agreement Form

A U.S. legal document enabling the transfer of an existing car loan from one borrower to another, subject to federal and state lending regulations.

Download

Private Money Lender Contract

A U.S.-compliant legal agreement between a private lender and borrower establishing loan terms and conditions.

Download

Tripartite Agreement Bank Loan

US-governed three-party loan agreement between a bank, borrower, and guarantor/security provider, detailing loan terms and security arrangements.

Download

Letter Of Exclusivity Mortgage Broker

A U.S.-compliant agreement establishing exclusive rights for a mortgage broker to represent a client in mortgage transactions.

Download

Personal Loan Agreement With Notary

A U.S.-governed legal document that establishes terms for a personal loan, authenticated by a notary public.

Download

Auto Loan Purchase Agreement

A U.S.-governed agreement for the sale and transfer of auto loans between financial institutions, subject to federal and state regulations.

Download

Line Of Credit Agreement And Note

A U.S. legal document establishing a revolving credit facility between lender and borrower, combining credit agreement and promissory note provisions.

Download

Contract Financing Loan

A U.S.-governed loan agreement providing financing secured against specific contracts or contract receivables.

Download

Director Loan Agreement

A U.S. legal agreement governing loans between a company and its director, outlining terms, conditions, and compliance requirements.

Download

Personal Property Loan Agreement

A U.S.-compliant agreement that documents the terms of a loan secured by personal property, including collateral details and repayment terms.

Download

Promissory Note Between Friends

A U.S. legal document that formalizes a personal loan agreement between friends, including loan terms and repayment conditions.

Download

Debtor In Possession Loan Agreement

A U.S. bankruptcy financing agreement that enables companies in Chapter 11 to obtain new funding for continued operations during reorganization, subject to bankruptcy court approval.

Download

Loan Against Rent Agreement

A U.S. legal agreement establishing terms for a loan secured by rental income from property.

Download

Inventory Loan Agreement

A U.S.-governed agreement establishing terms for a loan secured by business inventory, subject to UCC regulations.

Download

Credit Agreement Between Two Parties

A U.S.-governed agreement establishing loan terms between a lender and borrower, including amount, interest, and repayment conditions.

Download

Installment Loan Contract

A U.S. legal agreement establishing terms for a loan to be repaid in scheduled installments, compliant with federal and state lending regulations.

Download

Demand Promissory Note Loan Agreement

A U.S. legal document combining a loan agreement and promissory note for a loan repayable on demand.

Download
See more related templates

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