Notice of Loan Sale to Borrower (Commercial Real Estate) | Practical Law
This Standard Document is a post-closing notice that is sent to a loan borrower at the end of a loan sale transaction. In this Standard Document, the loan seller (the lender) notifies the borrower that the loan has been assigned and gives the borrower the successor lender's identity, future payment instructions, and contact information. This Standard Document has integrated notes with explanations and drafting tips.