Real property loan definition
Real property loan means a loan, mortgage, advance, or credit sale secured by a lien on real property, on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, whether real or personal property.
Real property loan means a loan described in 3 AAC 99.230(a);
Real property loan means a Loan made in connection with and based upon a Borrower’s ownership or acquisition of specific Eligible Real Property. The original principal amount of a Real Property Loan shall be determined by the Agent and communicated to the Borrowers at the time such Real Property Loan is made and is not to exceed 80% of the fair market value of the related Eligible Real Property at any time.
More Definitions of Real property loan
Real property loan means a $27 million loan, secured by a senior lien on the Real
Real property loan means the term loan in the original principal amount of $3,000,000, extended by Lender to Landair Transportation Properties, Inc., pursuant to the terms of a Note Secured by Real Estate dated March 25, 1999, and secured by a Mortgage Deed, dated March 25, 1999, on the Real Property.