Asset Class Requirements. The following characteristics must be satisfied with respect to investments in the following asset classes: • Commercial Mortgage Whole Loans 45% • First lien LTV must be no greater than 90 • Second lien cannot exceed 70% of the amount by which the FMV of the property exceeds the amount outstanding under the first mortgage. • No more than 10% in owned real estate.
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Samples: Investment Management Agreement (FGL Holdings), Management Agreement (FGL Holdings)
Asset Class Requirements. The following characteristics must be satisfied with respect to investments in the following asset classes: • Commercial Mortgage Whole Loans 45% • o First lien LTV must be no greater than 90 • o Second lien cannot exceed 70% of the amount by which the FMV of the property exceeds the amount outstanding under the first mortgage. • o No more than 10% in owned real estate.
Appears in 1 contract
Samples: Investment Management Agreement (F&G Annuities & Life, Inc.)
Asset Class Requirements. The following characteristics must be satisfied with respect to investments in the following asset classes: • · Commercial Mortgage Whole Loans 45% • o First lien LTV must be no greater than 90 • o Second lien cannot exceed 70% of the amount by which the FMV of the property exceeds the amount outstanding under the first mortgage. • o No more than 10% in owned real estate.
Appears in 1 contract
