Borrower Documents - SBL
Core Borrower Loan Documents
These five core borrower loan documents will be used to document every SBL transaction.
- Loan Agreement – SBL (11-08-2016)
- Note (choose one)
Note Fixed Rate – SBL (02-22-2017)
Note Hybrid ARM – SBL (02-22-2017)
- Guaranty – SBL (11-02-2015)
- Uniform Covenants – SBL (11-02-2015)
This document is part of the Security Instrument for each loan and is used with the appropriate state-specific Security Instrument, which can be found here.
- Financing Statement Exhibit B – SBL (11-02-2015)
Additional Borrower Loan Documents
These additional documents or riders to the core borrower loan documents will be required only if the special circumstances described in the documents apply to your transaction. Check your Commitment or early rate-lock Application to confirm whether any of these documents or riders applies to your transaction.
Borrowers are Tenants in Common
Borrowers are Co-Borrowers, but not Tenants in Common
Property is a 100% Borrower Owned Condominium
Property is Ground Leased
Ground Lease Mortgage Rider to Loan Agreement – SBL (11-02-2015)
Ground Lease Mortgage with Fee Joinder Rider to Security Instrument – SBL (11-02-2015)
NOTE: The owner of the land must also execute the Security Instrument.
Property Benefits from a Tax Abatement Program
Tax Abatement Rider to Loan Agreement – SBL (11-02-2015)
Property Includes One or More Non-Permitted Units
Non-Permitted Unit Rider to Loan Agreement – SBL (8-23-2017)
Borrower May Release an Undeveloped Portion of the Property During the Loan Term
Property is in Florida or Maryland and an Existing Loan will be Amended and Restated
Property is in New York and an Existing Loan will be Consolidated, Extended, and Modified
Guarantor is an Entity and its Term of Existence Expires before the Loan Matures
Expiring Term of Existence Rider to Guaranty – SBL (11-02-2015)
Guarantor is a Foreign Citizen or Resides Outside of the U.S.
Guarantor is a Foreign Citizen or U.S. Citizen Residing Outside U.S. Rider to Loan Agreement – SBL (06/01/2016)
Guarantor is a Foreign Citizen or U.S. Citizen Residing Outside U.S. Rider to Guaranty - SBL (06/01/2016)
Loans Between $6M and $7.5M
Other Special Circumstances
Documents for special Borrower or Property circumstances approved by Lender but not listed here will be included in your final loan Commitment to early rate-lock Application.