{"ok":true,"canonical_url":"https://dealroom.so/glossary/real-estate-deed-of-trust","api_url":"https://dealroom.so/api/public/glossary/real-estate-deed-of-trust","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-16","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"real-estate-deed-of-trust","term":"Real estate deed of trust","group":"Doing the deal","definition":"This is a document used in some states (instead of a mortgage) to secure a loan with real estate. It transfers legal title to a neutral third party (trustee) until the loan is paid off.","what_it_means":"If your deal includes real estate, the bank will require a deed of trust as collateral. Ensure you understand the state-specific implications, as it outlines the lender's rights if you default. Your closing attorney will manage this document.","url":"https://dealroom.so/glossary/real-estate-deed-of-trust","official_sources":[],"related":[{"slug":"mortgage","term":"Mortgage","url":"https://dealroom.so/glossary/mortgage"},{"slug":"collateral","term":"Collateral","url":"https://dealroom.so/glossary/collateral"},{"slug":"lien","term":"Lien","url":"https://dealroom.so/glossary/lien"},{"slug":"foreclosure","term":"Foreclosure","url":"https://dealroom.so/glossary/foreclosure"}],"related_questions":[{"question":"When does common ownership through a trust or estate create affiliation for size purposes?","url":"https://dealroom.so/for-lenders/questions/when-does-common-ownership-through-a-trust-or-estate-create-affiliation-for-size-purposes"},{"question":"Can a trust or an estate be an eligible borrower for an SBA 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/can-a-trust-or-an-estate-be-an-eligible-borrower-for-an-sba-7-a-loan"},{"question":"Can a trust or estate be an eligible personal guarantor for an SBA 7(a) loan?","url":"https://dealroom.so/sba-7a/questions/can-a-trust-or-estate-be-an-eligible-personal-guarantor-for-an-sba-7-a-loan"},{"question":"What is the difference in repayment terms between real estate and non-real estate loans?","url":"https://dealroom.so/sba-loans/basics/what-is-the-difference-in-repayment-terms-between-real-estate-and-non-real-estate-loans"},{"question":"For a business owned by a trust, what citizenship and residency requirements apply to the trustee for 7(a) eligibility?","url":"https://dealroom.so/for-lenders/questions/for-a-business-owned-by-a-trust-what-citizenship-and-residency-requirements-apply-to-the-t"},{"question":"Can a business owned by a trust be eligible for a 7(a) loan if the trustee is a foreign national?","url":"https://dealroom.so/for-lenders/questions/can-a-business-owned-by-a-trust-be-eligible-for-a-7-a-loan-if-the-trustee-is-a-foreign-nat"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Real estate deed of trust","url":"https://dealroom.so/glossary/real-estate-deed-of-trust","source_type":"DealRoom Data"}}