REFINANCE LOAN
PACKAGES FOR BORROWERS
Refinance transactions replace existing debt with a new loan structure and frequently involve complex documentation relating to payoff mechanics, replacement liens, and updated borrower obligations. Because refinance closings often occur under tight timelines, careful document review is essential to ensure the new financing accurately reflects the intended transaction. Equity Legal provides borrower-side legal review for refinance transactions, helping borrowers analyze the lender’s loan documents, confirm the payoff structure of the existing loan, and review the new collateral and covenant framework that will govern the refinanced debt. Our structured flat-fee packages allow borrowers to obtain experienced legal review and negotiation support while maintaining predictability in legal costs and timing through closing.
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If you are a lender, please click HERE to review our flat fee packages tailored to lenders.
REFINANCE LOAN
TIER I
Refinance Loan
Essential Documents Package | $7,500
• Promissory Note or restated note
• Loan Agreement / Modification / Restated Loan Agreement
• Florida mortgage, modification, or replacement security instrument
• Basic Assignment of Leases and Rents or reaffirmation
• Guaranty or guaranty reaffirmation
• UCC-1 financing statement preparation or continuation direction
• Payoff-letter request checklist
• Basic title commitment and survey issue-spot review
• Closing checklist and signature package
• Two revision rounds on the document set
TIER II
Refinance Loan
Closing Support
Package | $10,500
• Everything in Tier I
• Modification / ratification / reaffirmation package, as applicable
• Release and reconveyance coordination checklist
• Title/survey comment list and priority issue memorandum
• Entity authority review and payoff/release document review
• Coordination with title company or closing agent
• Up to 5 attorney hours through closing
TIER III
Refinance Loan
Comprehensive
Package | $14,500
• Everything in Tier II
• One basic subordination or lienholder-consent document, if needed for the refinance structure
• Detailed closing instructions and post-closing release checklist
• Expanded payoff and lien-priority tracking
• Additional closing coordination and comment management
• Up to 10 attorney hours through closing
These borrower-side flat-fee packages are designed to bring structure and predictability to loan document review and negotiation for financing transactions. Instead of placing borrowers into a fully open-ended hourly engagement, these packages provide a defined scope of legal review, two rounds of borrower-side redlines to the lender’s document set, and—depending on the selected tier—dedicated attorney time through the closing process. The packages are built for Florida transactions and are particularly well suited to sponsors, developers, operating companies, and borrowers obtaining financing from private lenders, debt funds, family offices, or institutional lenders who want a predictable legal framework for reviewing and negotiating lender-drafted loan documents. The process is generally as follows:​
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Step 1: Intake and deal structure review.
Step 2: Review drafts of Lender provided document set.
Step 3: Two consolidated redline revision rounds.
Step 4: Closing support in line with the selected tier.
Step 5: Signature package and closing coordination through the scheduled closing.
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You can add these on to any of the packages at our reduced rate:
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Additional Attorney Hours: $2,500 per 10 hours
Additional Document: $1,250 per document
Additional Borrower: $500 per additional borrower
Additional Guarantor: $500 per additional guarantor
Additional Revisions: $1000 per round of revision​
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Out of Package Scope:
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Out-of-scope items include litigation, escrow, contested workouts, bankruptcy, tax advice, securities advice, regulatory opinions, syndication/participation documentation, multi-state collateral, agency/GSE/CMBS forms, and heavily negotiated intercreditor or subordination disputes unless specifically included in the package.
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