Core Borrower Loan Documents

These five core borrower loan documents will be used to document every SBL transaction.

  1. Loan Agreement – SBL (03-26-2024)
  2. Note (choose one)
    Note Fixed Rate – SBL (06-13-2023)
    Note – Hybrid ARM (30-Day Average SOFR) – SBL (06-13-2023)
  3. Guaranty – SBL (03-01-2021)
  4. Uniform Covenants – SBL (05-31-2018)
    This document is part of the Security Instrument for each loan and is used with the appropriate state-specific Security Instrument, which can be found here.
  5. Financing Statement Exhibit B – SBL (11-02-2015)

Additional Borrower Loan Documents

These additional documents or riders to the core borrower loan documents will be required only if the special circumstances described in the documents apply to your transaction. Check your Commitment or early rate-lock Application to confirm whether any of these documents or riders applies to your transaction.

Borrowers are Tenants in Common

Tenancy in Common Borrower Rider to Loan Agreement – SBL (03-08-2019)
Tenancy in Common Borrower Rider to Security Instrument – SBL (11-02-2015)

Borrowers are Co-Borrowers, but not Tenants in Common

Related Co-Borrowers with Related Parcels Rider to Loan Agreement – SBL (03-08-2019)

Property is a 100% Borrower Owned Condominium

Condominium 100% Owned by Borrower Rider to Loan Agreement – SBL (06-25-2019)
Condominium 100% Owned by Borrower Rider to Security Instrument – SBL (11-02-2015)

Property is Ground Leased

Ground Lease Mortgage Rider to Loan Agreement – SBL (03-08-2019)
Ground Lease Mortgage with Fee Joinder Rider to Security Instrument – SBL (11-02-2015)
NOTE: The owner of the land must also execute the Security Instrument.

Borrower May Enter Into Monthly Leases

Month To Month Leases Rider to Loan Agreement – SBL (05-31-2018)

Property Benefits from a Tax Abatement Program

Tax Abatement Rider to Loan Agreement – SBL (10-10-2023)

Property Includes One or More Non-Permitted Units

Non-Permitted Unit Rider to Loan Agreement – SBL (02-14-2020)

Property is in Florida or Maryland and an Existing Loan will be Amended and Restated

Note – Florida Amended and Restated – SBL (02-14-2020)
Note – Maryland Amended and Restated – SBL (02-14-2020)

Property is in New York and an Existing Loan will be Consolidated, Extended, and Modified

Note - New York Consolidated, Amended and Restated – SBL (05/03/2016)
Consolidation, Extension & Modification Agreement (10-04-2022)

Other Special Circumstances

Documents for special Borrower or Property circumstances approved by Lender but not listed here will be included in your final loan Commitment to early rate-lock Application.