CONSTRUCTION LOAN
PACKAGES FOR BORROWERS
Construction and development financing typically involves a more complex loan structure than standard acquisition loans, including draw procedures, project completion obligations, development milestones, and expanded lender oversight of the project. Equity Legal provides borrower-side review and negotiation support for construction and development loans, focusing on the provisions that most directly affect project execution. This includes draw mechanics, completion guarantees, disbursement conditions, and the lender’s control rights during the construction period. Through our borrower review packages, developers and sponsors receive structured legal support to evaluate the loan documentation, address project-related risks, and prepare the transaction for a smooth closing.
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If you are a lender, please click HERE to review our flat fee packages tailored to lenders.
CONSTRUCTION LOAN
TIER I
Construction Loan
Essential Documents Package | $7,500
• Construction Promissory Note
• Construction Loan Agreement
• Florida mortgage or other project security instrument
• Security Agreement and UCC package
• Basic payment guaranty
• Basic draw request form and closing checklist
• Borrower and guarantor authority templates
• Basic title commitment and survey issue-spot review
• Two revision rounds on the document set
TIER II
Construction Loan
Closing Support
Package | $10,500
• Everything in Tier I
• Assignment of construction contract, plans, specifications, and permits
• Completion guaranty
• Detailed draw procedure exhibits and disbursement conditions
• Coordination with title company, escrow, or funds-control parties
• Title/survey comment list and lender issue memorandum
• Up to 5 attorney hours through closing
TIER III
Construction Loan
Comprehensive
Package | $14,500
• Everything in Tier II
• Architect and contractor consent or reliance forms, if part of the standard transaction
• Environmental indemnity
• Lien-waiver and draw-administration package
• Expanded completion / carry guaranty structure
• Detailed post-closing draw-administration checklist
• 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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