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Commitment Letter for Secondary Financing

Formal offer from a lender stating the amount committed and terms of a loan that is additional to a primary loan.

You may be asked to provide this letter for any financing that creates a lien against a property.

In addition to the commitment letter, you may be asked to provide:

  • The final closing statement showing that you received the proceeds
  • A copy of the note
  • A copy of a payment statement

Tips for a smoother application process

  • Make sure documents are clear and legible.
  • Don't alter any pages (no strikethroughs, cross-outs, etc.).
  • Send all pages, even the blank ones.