Loan Modification Agreement Drafter
Put agreed loan changes on paper without losing priority, guarantors or rights
Install it in one line — paste a single command into Claude, ChatGPT or Cursor and it writes the skill into your project.
Free, and about thirty seconds: a work email and a six-digit code.
Downloading shares your name, firm, role, and email with The Helvetica Group. That introduction is what keeps every skill here free.
What this skill does
Once you and the borrower have agreed to change a loan's terms, this drafts the modification agreement. It changes only what was agreed, keeps the guarantors on the hook, doesn't give up rights by accident, and flags what could cost the lender its place in line against other liens. Draft for attorney review.
What it does
- Builds a side-by-side table of current and new terms, with the math for any interest or fees added to the balance
- Flags lien-priority questions on new money, a higher rate or a later maturity, and requests the right title coverage
- Drafts the agreement: balance acknowledgment, the changes, conditions before it takes effect, guarantor reaffirmation, release, and language that preserves the lender's rights
- Names every existing default and says whether it is waived, cured or reserved
- Writes a plain-English summary of what the lender gives and gets
When to use it
- You have agreed to change the rate, maturity, payment or balance on an existing loan
- Accrued interest or fees are being added to the balance
- A modification comes with a paydown, new collateral or new reserves
- You need guarantors to reaffirm before the change takes effect
What to have ready
- The agreed modification terms
- The original note, security instrument, guaranty and any earlier modifications
- A payoff or balance statement as of a stated date
- Any known defaults and any liens recorded after yours
How to use it
- Download it with the button above. You'll sign in with a work email — that's how the creator knows who is using their skill.
- Copy the install prompt from the "Run it in Claude" box, and paste it into Claude along with the file. Claude installs the skill, fills in your firm's details where the file has
[BRACKETED]placeholders, and runs a quick test with you. - Then just ask in plain English. Claude picks the skill up on its own when a request matches it. Anything it still needs, it asks you for — it won't invent a number.
"We agreed to extend [BORROWER]'s loan on [PROPERTY ADDRESS] to [DATE], raise the rate to [RATE], add accrued interest to the balance and take a [AMOUNT] paydown. Here are the loan docs and balance statement. Draft the modification."
What you get back
A lender summary, a current-versus-new terms table, lien priority and title flags, a full draft agreement, a tracker of conditions before it takes effect, and a checklist for your attorney.
Good to know
- Output quality tracks input quality. A missing figure is flagged as missing — it is never estimated to fill a gap.
- Every draft is a starting point for your own review, not a finished decision.
- Runs anywhere Claude does: the Claude app, Claude Desktop, or Claude Code.
- It never waives a default by implication, flags any guarantor who will not sign as a stop item, and leaves state-specific release language for your attorney.
Legal disclaimer
This skill drafts; it does not decide. Its output is not legal, tax, accounting, appraisal, or investment advice, and using it creates no attorney-client, fiduciary, or advisory relationship. Nothing it produces is a commitment to lend or an offer to sell a security. Verify every number, date, citation, and conclusion against the source documents, and have a qualified professional licensed in the relevant jurisdiction review the work before you rely on it or send it to a borrower, investor, counterparty, or regulator. Laws, rates, and market data change. The final work product is yours.
Inside this skill
The actual file you get. Members can read it in full before saving it.
Loan Modification Agreement Drafter
Once the business deal on a modification is done, the risk moves into the paper. A modification drafted loosely can release a guarantor who never consented, lose lien priority to a junior lender on the new money, waive defaults the lender meant to reserve, or read as a new loan altogether. This skill turns the agreed terms into a draft agreement that changes only what was agreed, keeps everything else in force, and tells counsel exactly which state-specific points to confirm.
It works for bridge, fix-and-flip, DSCR rental, construction, land and small-balance commercial loans made for business purposes.
Where it fits: problem-loan-and-modification-analyst decides whether and how to modify (recovery analysis, alternatives). maturity-extension-request-evaluator decides on extension requests. This skill drafts the document once terms are agreed. For a standstill while the borrower cures or sells, use forbearance-agreement-drafter instead.
Everything here is a draft for review and completion by the lender's attorney. Priority, release, usury and recording rules vary by state; nothing here is a legal conclusion.
Step 1 — Intake
| Input | Required? | Notes |
|---|---|---|
| Agreed modification terms | ✅ | Approval, term sheet, or email setting out the business deal |
| Original loan documents | ✅ | Note, loan agreement, security instrument (with recording data), guaranty, prior modifications |
| Current balance statement | ✅ | As of a date: principal, accrued interest, default interest, late fees, protective advances, other charges |
| Existing defaults | ✅ | Each one, with dates — even if the lender intends to waive it |
| Guarantors | ✅ | All guarantors and indemnitors under the original loan |
| Title report / datedown | Helpful | Any liens or interests recorded after the lender's security instrument |
| Loan ownership | Helpful | Whole loan, fund-held, participated, pledged — consents may be needed |
| Property state and use | ✅ | Recording practice and any owner-occupancy question |
Minimum viable: the agreed terms, the note and security instrument, and a balance as of a stated date. Any term the user has not agreed is left as [TERM — TO BE AGREED].
Step 2 — Current vs modified term table
Reading the full skill counts as a download. The contributor receives your name, company, and email.
Ratings & reviews
No written reviews yet. If you run this on a live file, say how it went. The next lender reading this page is deciding whether to trust it.
Examination record
Run it in Claude
- Copy the install command above
- Paste it into Claude, ChatGPT or Cursor
- It writes the skill in, fills in your firm’s details, and test-runs it with you
Prefer the file? The prompt above is for a package you already downloaded.
Details
More from The Helvetica Group
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