Satisfaction of Mortgage (Commercial Real Estate Loan) (NY) | Practical Law

Satisfaction of Mortgage (Commercial Real Estate Loan) (NY) | Practical Law

A satisfaction of mortgage for commercial real property in New York that has been paid in full or otherwise satisfied. Lenders in New York customarily use a satisfaction of mortgage which is recorded in the county where the mortgaged real property is located. This Standard Document has integrated notes with important drafting and negotiating tips for both lenders and borrowers.

Satisfaction of Mortgage (Commercial Real Estate Loan) (NY)

Practical Law Standard Document w-004-6303 (Approx. 14 pages)

Satisfaction of Mortgage (Commercial Real Estate Loan) (NY)

by Practical Law Real Estate
MaintainedNew York
A satisfaction of mortgage for commercial real property in New York that has been paid in full or otherwise satisfied. Lenders in New York customarily use a satisfaction of mortgage which is recorded in the county where the mortgaged real property is located. This Standard Document has integrated notes with important drafting and negotiating tips for both lenders and borrowers.