Henrietta Feldman finished her juris doctor at the Boston University Law School. Since 2015, Henrietta Feldman has been running a private practice in Palm Beach, Florida, where she focuses on commercial and residential real estate matters. She currently holds numerous responsibilities, including negotiating loan agreements.
A loan agreement is a legal contract made between a lender and a borrower that is meant to provide the details of the loan, including the offer and the date the borrower intends to pay it back. It usually exists to regulate the mutual promises pledged by both parties.
Loan agreements are usually very complex documents and are deemed challenging to draft. Nonetheless, they are extremely important as they provide legal protection for both the lender and the borrower. It primarily serves as proof that the loan (which can either be in the form of goods, services, or money) is not a gift to the borrower. Apart from making sure that the borrower will not shirk the responsibility of repayment, loan agreements can also be used by lenders as a piece of evidence for the IRS if necessary.
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