A form term sheet favoring the borrower for a commercial mortgage loan secured by real property, including optional language for hotel loans. This Standard Document is a negotiated long form term sheet, including closing requirements, for a proposed fixed or floating rate term mortgage loan to be fully advanced by the lender to the borrower at closing. While term sheets are generally governed by state law, this jurisdictionally-neutral template is useful and relevant in every state. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both lenders and borrowers.