Commercial Mortgage Loan definition

Commercial Mortgage Loan means a Loan secured by a Mortgage on real property used for commercial purposes, including five- or greater unit residential real property.

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Commercial Mortgage Loan means a loan secured by a Lien on improved real estate used for commercial purposes.

Commercial Mortgage Loan means a mortgage loan other than a residential mortgage loan.

Examples of Commercial Mortgage Loan in a sentence

• Without limiting the generality of Section 21 hereof, Buyer shall have completed, to its good faith satisfaction, its preliminary due diligence review of the related Purchased Assets; provided that if the Commercial Mortgage Loan Documents prohibit or restrict Buyer from performing such due diligence review to the satisfaction of Buyer and therefore Buyer fails to confirm such asset as an Eligible Asset, such asset shall be an ineligible asset.

• For the avoidance of doubt, Servicer’s obligation to provide such due diligence to Buyer shall not preclude Buyer’s right to perform due diligence on the Purchased Assets prior to the Purchase Date and as necessary during the term of the Agreement, as determined by Buyer in is sole discretion, subject to the terms of the Commercial Mortgage Loan Documents.

More Definitions of Commercial Mortgage Loan

Commercial Mortgage Loan means a loan for the acquisition, construction, or development of real property, or a loan secured by collateral in such real property, that is owned or used by a person, business, or entity for the purpose of generating profit, and includes real property used for single-family housing, multifamily housing, retail, office space, and commercial space that is made, owned, or serviced by a mortgage lender.

Commercial Mortgage Loan means a floating rate senior mortgage loan that is secured by a first mortgage lien on one or more properties that are each used as an Approved Product, including any such loan that is obtained by Seller, directly or indirectly, from a commercial real estate loan collateralized loan obligation securitization or similar transaction.

Commercial Mortgage Loan means each Mortgage Loan secured by commercial property (or by mixed residential/commercial or multifamily residential property), as identified on Exhibit III hereto.

Commercial Mortgage Loan means “crediti ipotecari commerciali” – as defined under article 1, sub- paragraph 1, letter (c) of Decree No. 310 – having the features set forth under article 2, sub-paragraph 1, letter (b) of Decree No. 310.

Commercial Mortgage Loan has the meaning set forth in Exhibit H.

Commercial Mortgage Loan means commercial mortgage loans as permitted under the Investment Guidelines and deposited into the Trust Account, which, for the avoidance of doubt, may include any participation interests, provided such interests are (a) obtained in accordance with the applicable loan documents and are subject to a valid participation agreement and (b) are on a pari passu economic basis with the other participants, but shall not include any commercial mortgage loans evidenced by multiple promissory notes.

Commercial Mortgage Loan means a fixed rate first lien Mortgage Loan secured by a first mortgage lien on an office building, a retail property, a self-storage property, a manufactured housing community, a Hotel, a Multi-Family property, an industrial property or other types of Mortgaged Property approved by Administrative Agent in its sole discretion.