Secured Promissory Note Drafter
Draft a lender-protective secured promissory note for your attorney to finish
0 downloads on LenderSkills
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 CaseMark. That introduction is what keeps every skill here free.
What this skill does
Drafts a secured commercial promissory note: rate and day count, payment schedule and application of payments, late charges and default rate, a usury savings clause, the collateral grant, defaults and remedies. The draft goes to your attorney to finish.
What it does
- Collects the intake fields and flags anything unresolved before drafting
- Follows a 15-section outline from promise to pay through signatures
- Adds optional clauses only when the deal needs them — balloon, interest-only, cross-default, lockbox
- Runs a review checklist for usury limits, collateral description, cure periods and signing authority
When to use it
- Closing a business-purpose loan
- Replacing a note form
- Papering a loan with unusual payment terms
What to have ready
- Borrower and lender legal names and entity details
- Principal, rate, day count, payment schedule and maturity
- Late fee, default rate and prepayment terms
- Collateral description and related security documents
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.
"Draft a 12-month interest-only secured note for $[AMOUNT] at [RATE]% to [BORROWER LLC], secured by a deed of trust on [PROPERTY ADDRESS], governed by [STATE] law."
What you get back
A draft secured promissory note with a collateral schedule and a completed review checklist.
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.
- Draft for attorney review only. Interest, default rate and fees must be checked against the governing state's usury and fee limits. Real estate collateral also needs a mortgage or deed of trust. Built for business-purpose loans; consumer-purpose loans need counsel.
Source & credit
Imported from CaseMark's open-source skills library (Apache-2.0). Author: CaseMark, Inc. — https://github.com/CaseMark/skills. LenderSkills renamed the skill for this catalogue, added a draft-only and business-purpose note, and corrected a consumer-loan pitfall; it also appended a legal disclaimer, and the package header lists every change. The author's content is otherwise unmodified. Full credit to the author. CaseMark did not submit this listing and does not endorse it — the original is free at the link above.
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.
Secured Promissory Note
Draft an enforceable secured promissory note for a commercial loan with collateral-backed repayment.
LenderSkills note: Everything this skill produces is a draft for review and completion by the lender's attorney, not a finished document and not legal advice. It is written for business-purpose commercial loans. If the borrower is an individual borrowing for personal, family or household purposes, or the property is the borrower's home, stop and send the file to counsel: consumer-lending rules apply and this template does not address them.
Quick Start
Gather before drafting:
- Parties — borrower and lender legal names, entity types, states, addresses, authorized signatories.
- Deal terms — principal, interest structure (fixed/variable, index, margin, floor/cap), day-count convention, payment schedule, maturity, prepayment, fees, default rate.
- Collateral — description with sufficient detail for UCC Article 9; filing jurisdictions (debtor location, fixture/real property).
- Governing law — state, venue, dispute resolution preference.
- Related documents — security agreement, guaranty, subordination/intercreditor, board/manager approvals.
Workflow
- Collect intake fields; flag unresolved items before drafting.
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 CaseMark
Imported from their public repository with attribution. Their other skills, and where to find the original, are on their contributor page.