This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.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. North Central Bank provides services and resources that enable customers to achieve their financial goals, including several loan services. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. North Central Bank provides services and resources that enable customers to achieve their financial goals, including several loan services. Has reached out to Hennepin County for additional local business support programs. A lien is a legal claim filed with the Office of the Minnesota Secretary of State or county recorder.