Construction Lender definition

Construction Lender means a person who makes a construction loan.

Construction Lender means either of the following:

Construction Lender means any person, including a bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, savings and loan association, credit union, cooperative bank, small loan company, sales finance company, investment company, or any other financial institution that advances money to a borrower for the purpose of making alterations or improvements to real property. A construction lender does not include a person or entity who is acting in the capacity of contractor, original contractor, or subcontractor.

Examples of Construction Lender in a sentence

• Owner acknowledges and represents that the attached Operating Proforma has been reviewed by and approved by the Construction Lender, the Mortgage lender and any governmental authorities if applicable.

• Owner acknowledges and represents that the attached Construction Proforma has been reviewed by and approved by the Construction Lender, Mortgage lender if applicable and any governmental authorities if applicable.

• The General Partners and their Affiliates, jointly and severally, are hereby authorized to incur personal liability for the repayment of funds advanced by the Construction Lender (and interest thereon) pursuant to the Construction Mortgage.

• The General Partner and its Affiliates, jointly and severally, are hereby authorized to incur personal liability for the repayment of funds advanced by the Construction Lender (and interest thereon) pursuant to the Construction Loan Documents.

• SourceNo. Name of Lender or Other Source PrincipalComplete the following for each Construction Lender or source of funds.

More Definitions of Construction Lender

Construction Lender means the maker of any Construction Loan or beneficiary of any Construction Loan Deed of Trust.

Construction Lender means a Lender with a Construction Commitment or with outstanding Construction Loans.

Construction Lender means any mortgagee or beneficiary under a

Construction Lender means any mortgagee or beneficiary under a deed of trust lending funds all or a portion of which are used to defray the cost of the construction, alteration, repair or improvement, or any assignee or successor in interest of either.

Construction Lender means the maker of the Construction Loan, or its successor and assigns in such capacity.

Construction Lender means the lender which provides the Construction Loan for the Project.

Construction Lender means , a .