Phoenix - Your AI AssistantLegal Advice on Loan Agreement Amendment
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Description
Experience Level: Expert
I’m seeking a qualified legal professional to review a variation/supplement agreement to an existing loan contract.
The original agreement had a 3-year repayment period. The lender and borrower have now agreed to defer the first year of repayment, consolidating all payments into years 2 and 3, with an increase in the interest rate.
The lender has already drafted the updated agreement. I’d like 1 hour of your time to review the document and provide initial feedback. Additional time may be required for detailed markups and suggestions for improvement.
The original agreement had a 3-year repayment period. The lender and borrower have now agreed to defer the first year of repayment, consolidating all payments into years 2 and 3, with an increase in the interest rate.
The lender has already drafted the updated agreement. I’d like 1 hour of your time to review the document and provide initial feedback. Additional time may be required for detailed markups and suggestions for improvement.
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