Credit Underwriting Report definition

Credit Underwriting Report means the report that is a product of Credit Underwriting.
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Credit Underwriting Report means a report for a particular Development that is produced by the Credit Underwriter designated by Florida Housing and includes a thorough analysis of the proposed Development and a statement as to whether a loan is recommended, and if so, the amount recommended. The Credit Underwriter or Florida Housing may request such additional information as is necessary to properly analyze the credit risk being presented to Florida Housing and the bondholders. The Applicant shall pay the cost of such Credit Underwriting in addition to any other fees payable to Florida Housing in conjunction with the Application and Program financing.
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Credit Underwriting Report means a comprehensive analysis of the
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Examples of Credit Underwriting Report in a sentence

  • All documents and exhibits presented in the application as well as any additional requests from the underwriter will be reviewed and analyzed to complete a full and final Credit Underwriting Report in favor of or opposed to proceeding with the proposed project.

  • Scoring Process: All Requests for SURTAX/SHIP/HOME funds under this RFA will undergo a Credit Underwriting analysis during the scoring process to determine completeness and financial feasibility based on the documents and exhibits presented in the application, but is not the full and final Credit Underwriting Report referenced below.

  • The Property is given final approval for financing on the terms and conditions described in the Credit Underwriting Report presented to the Board on this date, with such deviations as the Executive Director of Florida Housing, in consultation with staff of Florida Housing and Special Counsel to Florida Housing, may approve.

  • The final sources and uses for the Development as evidenced in the Department’s Credit Underwriting Report and Amended/Revised Reports, as revised, updated or amended, attached hereto as Exhibit C, and incorporated herein for all relevant purposes, which may be updated, revised and amended from time to time.

  • The “Credit Underwriter Confirmation” is the written confirmation with respect to the Property from the Florida Housing Credit Underwriter, delivered prior to the issuance of the Bonds, that, taking into account any increase in the maximum aggregate principal amount of the Bonds, the conditions set forth in and the requirements of the Credit Underwriting Report have been satisfied.

  • All documents and exhibits presented in the application as well as any additional requests from the underwriter will be reviewed and analyzed to complete a final Credit Underwriting Report in favor of or opposed to proceeding with the proposed project.

  • Florida Housing is desirous of taking all action necessary to give final approval for the financing of the Property as described in the Credit Underwriting Report (as defined below) and to issue the Bonds in compliance with the Act and other applicable provisions of State law; NOW THEREFORE, it is hereby ascertained, determined and resolved: 1.

  • Such awards shall be contingent upon a favorable final Credit Underwriting Report.

  • All documents and exhibits presented in the RFA binder as well as any additional requests from the underwriter will be reviewed and analyzed to complete a final Credit Underwriting Report in favor of or opposed to proceeding with the proposed project.

  • F.A.C., the Acknowledgement Resolution is the official action taken by the Corporation to reflect its intent to finance a Development provided that the requirements of the Corporation, the terms of the MMRB Loan Commitment, and the terms of the Credit Underwriting Report are met.


More Definitions of Credit Underwriting Report

Credit Underwriting Report means a comprehensive analysis of the Applicant, the real estate, the financing of the Development, the ability of the Applicant and the Development team to proceed, evidence of the need for affordable housing in the defined area, and a determination that the Development meets PLP requirements.
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Credit Underwriting Report means a report for a particular Development that is produced by the Credit Underwriter designated by Florida Housing and includes a thorough analysis of the proposed Development and a statement as to whether a loan is recommended, and if so, the
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Credit Underwriting Report means the Housing Finance Authority of Pinellas County, Florida Credit Underwriting Report dated December , 2017 prepared by First Housing.
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Credit Underwriting Report means the report tha t is a product of Credit Underwriting.
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Related to Credit Underwriting Report

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • Borrowing Base Certificate means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower Representative, in substantially the form of Exhibit C or another form which is acceptable to the Administrative Agent in its sole discretion.

  • Pro Forma Compliance Certificate means a certificate of a Responsible Officer of the Borrower containing reasonably detailed calculations of the financial covenants set forth in Section 8.11 recomputed as of the end of the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b) after giving effect to the applicable transaction on a Pro Forma Basis.

  • Pick Up Report means the report detailing the number of sleeping rooms per day actually used out of the Program’s room block.