In a net loan proceeds settlement sheet, how is the net loan amount presented?

The net loan amount in a net loan proceeds settlement sheet is presented as a single entry debit to the broker because it represents the funds that the broker will receive after all deductions are accounted for. In the context of real estate transactions, the net loan proceeds reflect the total amount that the borrower can expect to receive from the lender after any costs, fees, or adjustments have been made.

By showing this amount as a debit, it clearly indicates that money is being deducted from the total available funds to ensure that all necessary payments and fees are settled before the funds are disbursed to the broker. This helps in accurately reflecting the financial flow during the closing process, providing clarity on the actual funds the broker will handle as part of the transaction. This presentation assists all parties involved in understanding the final amount being transacted, ensuring transparency and accuracy in the closing proceedings.