Construction Loan definition

Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

Construction Loan means a loan for a maximum of two years for the purpose of construction.

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

• Amounts on deposit in the 2024 Series B Restricted Loan Subaccount shall be disbursed from time to time by the Trustee for the purpose of paying costs of the Willow Park Housing Facility that are approved by the Authority pursuant to the terms, conditions and provisions of the applicable Risk Share Program Loan Agreement or Construction Loan Agreement.

• The Trustee shall have no duty to determine whether any requested disbursement from the 2024 Series B Restricted Loan Subaccount complies with the terms, conditions and provisions of the applicable Risk Share Program Loan Agreement or Construction Loan Agreement.

• The Willow Park Risk Share Program Loan and the tax-exempt portion of the Willow Park Construction Loan shall be considered to be fully disbursed upon deposit of the proceeds of the 2024B Bonds pursuant to Section 4.1 hereof for the purposes of computing the amount of interest due each month on the Borrower’s Risk Share Promissory Note (as defined in the Risk Share Program Loan Agreement) and the Borrower’s Tax-Exempt Note (as defined in the Construction Loan Agreement) to the Authority.

More Definitions of Construction Loan

Construction Loan means any Loan made in connection with a Construction Advance.

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, the proceeds of which are intended to be used substantially to finance the construction of improvements on real property.

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.