Annotated documents
Specimen loan documents with every clause explained - the term sheet, the note and deed of trust, and a rehab draw request.
Everything else on this site explains how these loans work. This section shows you the paper.
Each document is a composite specimen, annotated line by line, with the clauses that decide your cost or your risk called out. They are free to use, quote and print.
An annotated hard money term sheet
A specimen term sheet with every line explained - including the four that decide your cost and are never highlighted.
An annotated note and deed of trust
The clauses in the loan documents that the term sheet never mentioned - default interest, acceleration, power of sale, and what a cross-default really does.
An annotated draw request
What a lender actually wants before releasing rehab money, why it takes longer than quoted, and the lien waiver that trips people up.
The one-page version
If you only take one thing from this section, take the nine questions from how to read a term sheet and send them to every lender quoting you. The answers are more informative than the quotes.