How a Business Hired a Lawyer to Draft a Promissory Note Agreement in Texas

In 2025, a business in Texas sought assistance with drafting a secured promissory note agreement as part of their strategy for an upcoming commercial transaction involving multifamily properties. The client aimed to establish a funding structure backed by a blanket deed of trust on the property, allowing them to execute the necessary documentation and fees efficiently prior to their deadline. The client also expressed interest in recommendations for lenders and other professionals who could facilitate the transaction. As a result, the client received five proposals from licensed attorneys, with flat fee bids ranging from $600 to $3,500, all submitted to meet the client’s deadline of less than one week.