MULTIFAMILY LOAN definition

MULTIFAMILY LOAN. Each of the Group 2 Loans transferred and assigned to the Indenture Trustee pursuant to Section 2.03 of the Indenture, secured by a fee simple estate in a parcel of land improved by a multifamily property, together with any personal property, fixtures, leases and other property or rights pertaining thereto, as indicated in the related Mortgage Loan Schedule.
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MULTIFAMILY LOAN. Any Mortgage Loan which is secured by Multifamily Property.
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MULTIFAMILY LOAN. The Group 1 Mortgage Loan having a Scheduled Principal Balance as of the Cut-Off Date of $1,014,755, and located in Boston, Massachusetts, which, as of the Closing Date, is being sub-serviced by Reilly, as indicated on the Mortgage Loan Schedule.
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Examples of MULTIFAMILY LOAN in a sentence

  • Collateral Risk Factors: Valuation & Condition • 153 New Exterior-Only Appraisals – 56% of Total Portfolio – 100% of All Loans $500,000 or Larger • 141 Independent Exterior Inspections – 26% of Total Portfolio • BFIN Commercial Bankers conducted external field inspections on 100% of collateral PERFORMING MULTI-FAMILY LOAN PORTFOLIO ACQUISITION Due Diligence / Risk Assessment (continued) 2.

  • CONSIDERATION OF A RESOLUTION FOR FINAL ADOPTION OF AMENDMENTS TO 15 AAC 151.542(G) MULTI-FAMILY LOAN PURCHASE PROGRAM.

  • TITLE III—EXEMPTION OF HUD AND USDA MULTIFAMILY LOAN FORECLOSURES AND RELATED ACTIONS FROM THE BANK- RUPTCY STAY Sec.

  • For additional information on Reserve Replacement, Operating/Rent- Up Reserves, and Completion Escrows refer to AHFC MULTI-FAMILY LOAN PURCHASE PROGRAM, PART IV – RESERVE AND ESCROW ACCOUNTS.

  • Although products are still in development, some examples include: COMMERCIAL/ MULTI-FAMILY LOAN Reduced-interest loans for multi- family or commercial buildings for energy efficiency improvements, stormwater infrastructure, solar, and more!SINGLE-FAMILY LOAN Quick to close, low-interest rate loans for single family home owners.


More Definitions of MULTIFAMILY LOAN

MULTIFAMILY LOAN means a whole mortgage loan secured by a lien on a multifamily residential dwelling of five or more units and the parcel(s) of real estate on which it is located.
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MULTIFAMILY LOAN. Each Mortgage Loan designated as a "Multifamily Loan" on the Mortgage Loan Schedule.
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MULTIFAMILY LOAN means a Mortgage Loan with Collateral in excess of four dwelling units.
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MULTIFAMILY LOAN. A Loan secured by a first mortgage lien on a five-or-more family residential property.
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MULTIFAMILY LOAN. Each of the Mortgage Loans transferred and assigned to the Indenture Trustee pursuant to Section 2.03 of the Indenture, secured by a fee simple estate in a parcel of land improved by a multifamily property, together with any personal property, fixtures, leases and other property or rights pertaining thereto, as indicated in the related Mortgage Loan Schedule.
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Related to MULTIFAMILY LOAN

  • Multifamily dwelling means a structure that contains more than one separate residential dwelling unit, which is used or occupied, or intended to be used or occupied, in whole or in part, as the home or residence of one or more persons.

  • Multifamily housing means housing accommodations designed as a residence for more than 1 family.

  • Multifamily Property means any real property on which multifamily residential-use development has been constructed or is now or hereafter proposed to be constructed (for example, and not by way of limitation, a property of the type managed by the Company).

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Commercial loan means a loan that is not made primarily for

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Real Estate Loan means any debt obligation that is (a) directly or indirectly secured by a mortgage, deed of trust or similar Lien on commercial real estate, residential real estate, office, retail or industrial property or undeveloped land, is underwritten as a mortgage loan and is not otherwise associated with an operating business or (b) a loan to a company engaged primarily in acquiring and developing undeveloped land (whether or not such loan is secured by real estate).

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Cooperative Loan Any Mortgage Loan secured by Cooperative Shares and a Proprietary Lease.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.