A form term sheet favoring the lender for a commercial mortgage loan secured by real property, including optional language for hotel loans. This Standard Document is a long form term sheet, including closing requirements, for a proposed fixed or floating rate mortgage loan to be fully advanced by the lender to the borrower. 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 drafting notes with important explanations and drafting and negotiating tips for both lenders and borrowers.