Property Type definition

Property Type means, with respect to a Mortgage Asset, such Mortgaged Property’s classification as one of the following: multifamily, retail, office, industrial, hotel or self–storage facility.
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Property Type. Each of the following types of property:
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Property Type. 6: Altered buildings, structures, objects, districts, and sites that appear to be more than 30 years old Property Type 7: Post-World War II builders’ houses and housing tracts
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Examples of Property Type in a sentence

  • Subject Property Text 10022 X(5) Always Unk=Unknown 122 Property Type Specifies the type of property being used to secure the loan.

  • WAC WART WA DSCR Totals Totals Distribution Date: Determination Date: Loan OMCR Property Type City State Interest Payment Principal Payment Gross Coupon Maturity Date Neg Am Flag Beginning Scheduled Balance Ending Scheduled Balance Paid Through Date Apprasial Reduction Date Apprasial Reduction Amount Payment Status of Loan (1) Workout Strategy (2) Mod.

  • The Owner hereby appoints the Agent the exclusive right to rent, lease, operate, and manage the following properties: (check one) 1st Property Type: ☐ Commercial ☐ Residential Property Address: [ADDRESS] Description: [DESCRIPTION] 2nd Property Type: ☐ Commercial ☐ Residential Property Address: [ADDRESS] Description: [DESCRIPTION] 3rd Property Type: ☐ Commercial ☐ Residential Property Address: [ADDRESS] Description: [DESCRIPTION] Hereinafter known as the “Property”.

  • WAC WART WA DSCR Property Type # of Properties Ending Scheduled Balance % of Agg.

  • The Rental Property Type (Section 2) determines the maximum number of persons permitted to live in the Property.


More Definitions of Property Type

Property Type means either Single Family Residential Property, Apartment Property, Commercial Property – Less than 10,000 Square Feet, Commercial Property – Greater than 10,000 Square Feet, Taxable Contingent Property, or Tax-Exempt Property.
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Property Type. Each of the following types of mortgaged property (each of which, for the avoidance of doubt, shall be considered commercial real estate property for purposes of this Indenture):
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Property Type. [Existing / Proposed / Single family residence / Condominium / Multi family residence - xx units / Manufactured home / Office - xx SF/ Retail - xx SF/ Industrial - xx SF / Vacant land / Subdivision – xx lots/ Agricultural land / Other]
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Property Type. Multifamily; for new construction and rehabilitation Loan Amount: Up to $40 million Interest Rate: Priced at the then current market rate Amortization: Up to 45 years Typically starts 30-42 months after closing. Bonds are subject to resizing upon stabilization. Resizing can be extended upon payment of extension fees. Term: Up to 45 years, but most bonds have matching call/put in 17-20 years. Debt Service Coverage: 1.10-1.15 Loan to Value: Up to 95% Recourse: Varies, but typically full recourse through stabilization. Prepayment: Typical lockout is 17-20 years. EXHIBIT I COMMERCIAL LOAN PROGRAM (NON-MULTIFAMILY LOANS) This program is designed to provide a short term financing alternative for transactions that are either stabilized, or in need of renovation/re-tenanting, or other value-added and redevelopment strategies. General program requirements are as follows:
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Property Type. With respect to any Tax Lien, the related Property’s type, as listed on the related Tax Lien File. Each Property’s type may be either industrial, multifamily, office, retail, hotel, mixed-use, warehouse, or other.
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Property Type. 90.66% single family, 6.26% PUD, 3.08% condo. Owner Occupancy: 100.00% owner occupied Geographic Distribution: CA (54.31%), all states >= 5.00%) NY (10.19%). THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE COLLATERAL CONTAINED IN THE PROSPECTUS SUPPLEMENT Initial Group II Characteristics - Non-Conforming HELs Set forth below is a description of certain characteristics of the Initial Group II HELs as of the Cut-Off Date. Unless otherwise specified, all principal balances of the Initial Group II HELs are as of the Cut-Off Date and are rounded to the nearest dollar. All percentages are approximate percentages by aggregate principal balance as of the Cut-Off Date (except as indicated otherwise). Property Type ------------------------------ --------------- Percent of Initial Group II Number of Cut-Off Date HELs by Property Type Initial Balance Cut-Off Date Group II HELs Balance Single Family 47 4,634,583.25 90.66% PUD 3 319,882.04 6.26 Condo 4 157,500.00 3.08 - ---------- ---- Total 54 $5,111,965.29 100.00%
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Property Type. ALL Reference Code Guideline Review Threshold Release Threshold Financial Conditions 1 A Delinquent P&I Payments > 2 payments. Due Current
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