Promissory Note (Commercial Real Estate Loan) (Pro-Lender) (Without Loan Agreement) (NY) | Practical Law
A form of promissory note evidencing a commercial real estate loan secured by a mortgage on real property located in New York. This Standard Document is for a term loan that is fully advanced by the lender in a transaction without a loan agreement. This Standard Document has been drafted in favor of the lender but contains integrated drafting notes with important explanations and drafting and negotiating tips for both lenders and borrowers.