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.

Property Type. Each of the following types of property:

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.

Examples of Property Type in a sentence

• The index used by the Guarantor to determine the updated market value of a Property is the Teranet-National Bank Regional and Property Type Sub-IndicesTM (“TNB RPTSIs”).

• The Teranet-National BankRegional and Property Type Sub-IndicesTM is the trademark of Teranet and NBC, and has beenlicensed for use by the FCDQ.

• The index used by the Guarantor to determine the updated market value of a Property is theTeranet-National Bank Regional and Property Type Sub-IndicesTM (“TNB RPTSIs”).

• 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: Description: 2nd Property Type: ☐ Commercial ☐ Residential Property Address: Description: 3rd Property Type: ☐ Commercial ☐ Residential Property Address: Description: Hereinafter known as the “Property”.

• The Teranet-National Bank Regional and Property Type Sub-IndicesTM is the trademark of Teranet and NBC, and has been licensed for use by the Fédération.

More Definitions of Property Type

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:

Property Type. 6: Altered buildings, structures, objects, districts, and sites that appear to be more than 30 years old Properties more than 30 years old that have been substantially altered may be exempted from evaluation. Such properties may include roads and highways with associated features other than bridges, and railroads with associated features other than buildings or bridges. However, altered properties should be documented if they are listed in a local survey of historical properties or if eligibility conclusions might be controversial. Property Type 7: Post-World War II builders’ houses and housing tracts Builders’ houses or tract houses (not including unique, architect-designed houses) and housing tracts constructed after World War II may be exempted from evaluation when sufficient historical research and reconnaissance survey have been conducted to determine that:

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):

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, residential, single-family, office, retail, hotel, mixed-use, warehouse, or other.”

Property Type. Single Family Home_____ Duplex______ Tri-plex______ Four-plex__________ Number of units: __________ _______bedroom(s) Rental Amount Lease Term Security Deposit Amount: equal to asking rent or more Other amount:_____________________ Year Property was built: _______________ Pet Terms: __________________________ Financial Institution and address of where security deposit is held: This agreement shall be binding on the parties hereto, their heirs, executors, administrators, successors, assigns, and contains the final and entire agreement between the parties hereto and neither they nor their Brokers be bound by any terms, conditions, statements, warranties, or representations, oral or written, not herein contained and may not be changed orally but only in writing signed by the party to be changed thereby. If any owner should have any special requests of the Broker, it is required to be attached to this agreement in writing. By: By: 5 Star Property Management Property Owner Date: By Property Owner

Property Type means either Single Family Residential Property, Taxable Contingent Property, or Tax- Exempt Property.

Property Type means the primary usage type of the Mortgaged Property(ies).