This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. If you have an urgent and unforeseen requirement for some money while serving notice period at your existing organisation, don't lose heart! To facilitate the property's closing, Clark communicated with Bank of America to request a loan modification and payoff letters. Learn more about the steps involved in coming to Clark, including orientation, applying for and obtaining your Visa, and arriving in the U.S.. Temporary, construction or bridge financing with a term of 2 years or less may be taken out with a program loan.