Permanent Second Mortgage definition
Permanent Second Mortgage means the permanent financing provided, or to be provided, by the Permanent Lender for the Apartment Complex following the completion thereof in the initial principal amount of $289,600.
Permanent Second Mortgage means the mortgage loan to the Partnership from HTFC in the amount of $690,000 pursuant to the Permanent Second Mortgage Commitment.
Examples of Permanent Second Mortgage in a sentence
Promptly after Permanent Mortgage Commencement, the General Partners shall send to Boston Capital a closing binder containing photocopies of the fully- executed versions of all documents signed in connection with the Permanent Second Mortgage.