Examples of Mezzanine Borrowers in a sentence
Under the Mezzanine Loan Agreements, the Mezzanine Lenders extended an aggregate principal amount of $568 million (the “Mezzanine Loans”) to the Mezzanine Borrowers.
The funds did not belong to the Mezzanine Borrowers (as described below).
Mezzanine borrowers - The ESH Mezzanine Borrowers are jointly and severally liable for obligations under the 2012 Mezzanine Loans.
As explained in detail in the SARE Motion, Congress’ use of the term “interest” is broad enough to cover all Mezzanine Lenders’ respective interests in the equity of the Mezzanine Borrowers (which indirectly own thesingle asset real estate), and its use of the term “single asset real estate” is broader than the term “real property.” Id. ¶ 24–36.
None of the Mezzanine Borrowers have any tangible assets other than their equity interests in their respective subsidiaries.