Loan origination covers the process by which a bank or lender assesses, approves and documents a new loan to a borrower, including commercial or business lending. A solicitor helps prepare and review loan facilities, term sheets, security documents and disclosures, coordinates with lenders and borrowers, ensures compliance with relevant rules, and drafts the formal loan agreement and deeds securing the loan. The process is shaped by credit policy, regulatory standards and funding timelines.
What a solicitor handles in these matters
A solicitor handles drafting and negotiating the facility agreement, security (charges or mortgages), undertakings, conditions precedent, drawdown mechanics and enforcement provisions, while coordinating with lenders, borrowers, brokers and counterparties to meet due diligence and funding milestones.