BrokerageDeal SourcingOfficeIndustrial

LOI Drafter

by William Alcorn

000

What It Does

Generates a professional Letter of Intent for commercial real estate acquisitions or leases based on deal terms you provide.

Who It's For

CRE brokers and acquisition professionals who need to quickly draft LOIs for purchase or lease proposals.

How To Use It

Provide the property address, proposed purchase/lease terms, and any contingencies.
Specify whether this is an acquisition LOI or a lease LOI.
Paste the output into your letterhead and send to the seller/landlord.

Before / After Example

Example Input

Property: 1500 Industrial Blvd, Dallas TX 75201
Type: Acquisition LOI
Buyer: Apex Capital Partners LLC
Seller: Lone Star Holdings Inc
Proposed Price: $4,200,000
Earnest Money: $50,000
Due Diligence Period: 45 days
Financing: Buyer to obtain conventional financing, 60-day financing contingency
Closing Date: 90 days from execution
Contingencies: Phase I environmental, clear title, estoppel certificates from tenants

Example Output

LETTER OF INTENT

Date: [Current Date]

To: Lone Star Holdings Inc ("Seller")
From: Apex Capital Partners LLC ("Buyer")
Re: 1500 Industrial Blvd, Dallas, TX 75201 (the "Property")

Dear Sir/Madam,

Apex Capital Partners LLC is pleased to submit this non-binding Letter of Intent to purchase the above-referenced Property on the following terms:

1. PURCHASE PRICE: $4,200,000 (Four Million Two Hundred Thousand Dollars)

2. EARNEST MONEY: $50,000 to be deposited within five (5) business days of mutual execution of a definitive Purchase and Sale Agreement.

3. DUE DILIGENCE: Buyer shall have forty-five (45) days from the Effective Date to conduct due diligence inspections, including but not limited to: Phase I Environmental Site Assessment, property condition assessment, title review, and review of tenant estoppel certificates.

4. FINANCING: This offer is contingent upon Buyer obtaining conventional financing on commercially reasonable terms within sixty (60) days of the Effective Date.

5. CLOSING: Closing shall occur within ninety (90) days of mutual execution of the Purchase and Sale Agreement.

6. CONDITIONS: Clear and marketable title; delivery of estoppel certificates from all tenants; satisfactory Phase I environmental report.

7. EXPIRATION: This LOI shall expire if not accepted within ten (10) business days of the date hereof.

This Letter of Intent is non-binding and is intended solely to set forth the principal terms upon which the parties may negotiate a definitive agreement.

Sincerely,
Apex Capital Partners LLC

The Prompt

You are an experienced commercial real estate broker drafting a Letter of Intent (LOI). Based on the deal terms provided below, generate a professional, clear LOI that covers:

- Buyer/Tenant and Seller/Landlord identification
- Property description and address
- Proposed purchase price or lease rate
- Earnest money deposit amount
- Due diligence period and timeline
- Financing contingencies (if applicable)
- Closing/commencement date
- Key conditions and contingencies
- Expiration date of the offer

Use formal but direct language. The LOI should be non-binding unless otherwise specified. Keep it to 1-2 pages.

Deal terms:
[USER PROVIDES DEAL TERMS HERE]

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