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
Such reporting requirements can be found in the Corporation's CDBG Grant Administration Manual and corresponding laws, regulations, and statutes, the attached Schedule D “Period of Affordability”, and the related Regulatory Agreement, Construction Loan Agreement and the Grant Enforcement Mortgage for residential rental projects.
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 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.
Construction Loan means the loan obtained from Construction Lender in the principal amount of $215,460 at an interest rate equal to 9.5% per annum for a term of 12 months to provide funds for the acquisition, renovation and/or construction and development of the Apartment Housing. Where the context admits, the term "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.