Land Loans definition

Land Loans. Mortgage Loans secured solely by first liens on unimproved land.

Land Loans means the loans referred to in Section 3.01 (b) (iii) (A) of this Agreement;

Land Loans is defined in Section 16.1.

Examples of Land Loans in a sentence

• Land Loans Brooklyn Arena was a party to loan agreements for the land that was acquired in connection with the Arena and the Atlantic Yards Project.

• Land Loans: Land loans include loans to develop vacant or raw land and are made to various builders and developers with whom the Corporation has had long-standing relationships.

• Raw and Unimproved Land Loans Generally, 15% to 25% of the loans invested in by us may be loans made for the purchase or development of raw, unimproved land.

• On the terms and subject to the conditions set forth herein, RFC may, from time to time to, but not including the Business Day immediately preceding the Warehousing Maturity Date, make Advances (“Swingline Advances”) requested by Borrowers against Eligible Assets other than Third Party Builder Construction Mortgage Loans and Unimproved Land Loans, in an aggregate amount not to exceed the Swingline Facility Amount, without requesting Warehousing Advances from the other Lenders.

• From time to time, the Borrowers will request Land Loans which will have mechanics on releasing money from escrow held by the Lender from the Loan.

• Causes of Partners Bank’s Failure 4Loan Concentrations by Year of Origination andin Construction and Land Loans 4Aggressive Underwriting Practices and Poor Risk Management 6Failure to Formulate and Execute a Viable Business Plan 9Poor Management and Board Oversight 11Inadequate Capital Levels 12OTS’s Supervision of Partners.

• Lenders will make Warehousing Advances against Eligible Assets other than Third-Party Builder Construction Mortgage Loans and Unimproved Land Loans, and RFC will make RFC Direct Advances against Third-Party Builder Construction Mortgage Loans and Unimproved Land Loans, upon the request of Borrowers, in the manner provided in Article 2, for the purposes set forth in Section 7.14.

• The form of the loan documentation will be in substantially the same form for both Land Loans.

• Land Loans are not Eligible Assets unless deemed so on a case by case basis in the Purchaser’s discretion.

• Land 1,757 0.3 0.1 Total $596,887 100.0 36.7 Construction Loans By Use Land Loans By Type Source: Company financials Commercial Raw 9% Com.

More Definitions of Land Loans

Land Loans. A Commercial Real Estate Loan secured by entitled land intended for construction, which loan is acceptable to the Purchaser in its discretion. Land Loans are not Eligible Assets unless deemed so on a case by case basis in the Purchaser’s discretion.

Land Loans shall have the meaning set forth in Section 2.1 of the Credit Agreement.