Multifamily Asset definition

Multifamily Asset means, an Eligible Asset with respect to which the Mortgaged Property consists of real property with five (5) or more residential units (including mixed use multi-family/office and multi-family retail) as to which the majority of the underwritten revenue is from residential rental units, and which may include mobile housing and student housing.
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Multifamily Asset. An Asset with respect to which the underlying Mortgaged Property consists of real property with five or more residential rental units (including mixed use multifamily/office and multifamily retail) as to which the majority of the underwritten revenue is from residential rental units.
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Multifamily Asset means, an Eligible Asset with respect to which the Mortgaged Property consists of real property with five (5) or more residential units (including mixed use multi-family/office and multi-family retail as to which the majority of the underwritten revenue is from residential rental units), and which may include mobile housing and student housing.
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Examples of Multifamily Asset in a sentence

  • Kaplan Telecopy: (212) 214-8461 As to Fannie Mae: Fannie Mae 3900 Wisconsin Avenue, N.W. Washington, D.C. 20016-2899 Attention: Vice President for Multifamily Asset Management Telecopy No.: (301) 280 2064 with a copy to: Arent Fox LLP 1675 Broadway New York, NY 10019 Attention: David L.

  • HUD Handbook 4350.1, Multifamily Asset Management and Project Servicing Form HUD-9834, Appendix 1, HUD Handbook 4350.1 HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs Housing Notice H 2010-02, EIV & You Brochure Housing Notice H 2010-10, EIV System Housing Notice H 09-15, Implementation of the Violence Against Women and Justice Department Reauthorization Act of 2005 for the Multifamily Project-Based Section 8 Housing Assistance Payments Program.


More Definitions of Multifamily Asset

Multifamily Asset. An Asset with respect to which the Mortgaged Property consists of real property with five or more residential rental units (including mixed use multi-family/office and multi-family retail) as to which the majority of the underwritten revenue is from residential rental units. “Non-Controlling Pari Passu Participation Interest”: A Senior Interest that is a pari passu participation interest in a performing Whole Loan as identified by Seller to Buyer from time to time and incorporated herein by reference under which the holder of such interest does not have the ability to control and make all of the material decisions with respect to the related Whole Loan. “Non-Recourse Indebtedness”: With respect to any Person and any date, indebtedness of such Person as of such date for borrowed money in respect of which recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities, Insolvency Events, non-approved transfers or other events) is contractually limited to specific assets of such Person encumbered by a Lien securing such Indebtedness. “Non-Utilization Fee”: Defined in the Fee Letter, which definition is incorporated herein by reference. “Off-Balance Sheet Obligations”: With respect to any Person and any date, to the extent not included as a liability on the balance sheet of such Person, all of the following with respect to such Person as of such date: (a) monetary obligations under any financing lease or so– called “synthetic,” tax retention or off-balance sheet lease transaction that, upon the application of any Insolvency Laws, would be characterized as indebtedness, (b) monetary obligations under any -23- LEGAL02/38049601v7
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