Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.
Construction Loan means a mortgage loan to construct a 1-to-4 family dwelling, that is approved and closed before completion of the construction of the improvement on the real property.
Examples of Construction Loan in a sentence
Notwithstanding the foregoing, the Members acknowledge that Xxxxx Xxxxx and Xxxx Xxxxxx (collectively, the “Guarantors”) have agreed to provide a guaranty to the Bank in connection with the Acquisition Loan and the Construction Loan, if applicable (the “Guaranty”).
More Definitions of Construction Loan
Construction Loan shall include any deed, deed of trust, note, security agreement, assumption agreement or other instrument executed by, or on behalf of, the Partnership or General Partner in connection with the Construction Loan.
Construction Loan means the aggregate principal amount for the time being owing and outstanding under the Construction Loan Facility.
Construction Loan means a loan of less than three years in term, made for financing the cost of construction of a building or other improvement to real estate, that is secured by the real estate.
Construction Loan means a Loan, the proceeds of which are intended to be used substantially to finance the construction of improvements on real property.
Construction Loan shall have the meaning assigned to such term in the Mortgage Loan Agreement.
Construction Loan means a short-term advance of money for the purpose of constructing residential housing for low and moderate income persons.