Property Types. Except for any portion of a Mortgaged Property that contains non-residential uses identified in paragraph E above, all of the properties securing the Mortgages in the Multifamily Loan Group are being operated as multifamily rental housing (which may include student housing, seniors housing as described above, or mixed-use properties as described above), cooperative housing or manufactured housing parks and none of the properties securing the Mortgages in the Multifamily Loan Group are hotel properties or provide daily rentals.
Property Types. When the security property is a unit in a condominium (or cooperative) project, the project must be one for which the proposed renovation work is permissible under the bylaws of the owners’ association (or cooperative corporation) or one for which the owners’ association (or cooperative corporation) has given written approval for the renovation work. The renovation work for a condominium or cooperative unit must be limited to the interior of the unit (including the installation of fire walls in the attic). • Manufactured homes are ineligible. Mortgage Products/Features • Eligible: • All standard fully amortizing FRMs and 30-year ARM Master Agreement ML02783 Amendment 9 March 15, 2011 (including Amortization Type and Term) products with initial fixed rate periods of at least 3 years per Selling Guide, including high-balance mortgages. • Ineligible: • Mortgages with interest-only features • Mortgages with original terms over 30 years • ARMs with initial fixed rate periods less than 3 years Eligible ARM Plan Numbers Per Selling Guide (fully amortizing 30-year ARMs with initial fixed rate periods of at least 3 years), as applicable to the standard eligibility requirements for the specific mortgage type. Mortgaged Property • Mortgages must be secured by properties that are acquired from Xxxxxx Mae and designated by Xxxxxx Xxx on xxx.xxxxxxxx.xxx website as eligible for HomePath Renovation financing. • Lender must document the file with appropriate pages printed from xxx.xxxxxxxx.xxx showing that the property was eligible for HomePath Renovation financing. UNDERWRITING/DOCUMENTATION Interested Party Contributions(“IPC”) • Maximum IPC: • Notwithstanding the Selling Guide requirements, for principal residences with LTV (or CLTV if applicable) greater than 90%: 6.00% of the Contract Sales Price (see “Determination of Property Value” section below).
Property Types. 6.3.1 For each Shared Property forming part of the Premises, the Agency must, unless agreed otherwise in writing by the Parties, sub-let each bedroom at the Shared Property to a separate Sub- Tenant under a separate Sub-Lease.
Property Types. Guidelines for Identifying, Evaluating and Registering Aids to Navigation (WordPerfect file). Department of the Interior, National Park Service, National Register, History and Education, 1990.
Property Types. The following property types are excluded from this program: • Manufactured Homes • Condos 8.
Property Types. ● Conventional Apartments ● Student Housing (subject to Company Board approval) ● Independent & Assisted Living (subject to Company Board approval) ● Cooperative Housing Associations ● Mobile Home Parks (Grade A quality, subject to Company Board approval)
Property Types. For purposes of this Agreement, the term: (a) “Residential Property” means that portion of the Property primarily used for residential purposes; (b) “Commercial Property” means that portion of the Property primarily used for retail, office or other commercial purposes; (c) “Commercial Leases” means, collectively, Leases and all Leasehold Property covering any portion of the Commercial Property; and (d) “Residential Leases” means, collectively, Leases and all Leasehold Property covering any individual apartment unit within the Residential Property.
Property Types. Grocery-Anchored Community or Neighborhood Centers Markets: California, Mid-Atlantic (DC area through New York and New Jersey), New England – See Next Page for List of Target Markets Demographics: Above Average Household Incomes; Minimum Population within three (3) mile radius of Proposed Qualified Property of 50,000 residents Property Size: Seventy-Five Thousand (75,000) to Two Hundred Thousand (200,000) Square Feet of Rentable Area Occupancy: At least Ninety Percent (90%) of total Rentable Area is Leased and Occupied Anchor Tenant: At least seven (7) years remaining on current Lease (without taking into account any unexercised extension options); Anchor must be an appropriate and competitive grocer; Store size must equal at least 80% of the anchor tenant’s current prototype.
Property Types. This Agreement applies to all cabins aged 45 years or older that are located on lands managed by and within the boundaries of the Chugach and Tongass National Forests regardless of agency function (i.e., developed recreation, special use permit, administrative use, unauthorized use, etc.). Currently identified cabins are listed in the initial inventory (Stipulation III); however, cabins not currently identified in the initial inventory may fall under the auspices of this Agreement.
