Condo Loan definition

Condo Loan means a Mortgage Loan that (i) does not conform to the requirements of an Agency for securitization or cash purchase, (2) conforms to the requirements of the EverBank Preferred Correspondent guidelines for the purchase of a condominium loan that is not eligible for securitization or cash purchase by an Agency, and (3) is subject to a Takeout Commitment by Buyer.
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Condo Loan means that certain loan in the amount of $29,078,500.00 from the Company to ▇▇▇▇▇ Investor.
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Condo Loan means the mortgage loan in the original principal amount of $213,300 made available to the Borrower by Landmark Savings Bank, FSB, a federal savings bank, on or about May 1, 2003, of which $206,055.00, is outstanding on the date hereof.
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Examples of Condo Loan in a sentence

  • If the Mortgage Loan is a ▇▇▇▇▇▇▇ Mac New Condo Loan, is a “New Condominium Project” as defined in the Glossary, and in Section 5701.1, of the ▇▇▇▇▇▇▇ Mac Guide and complies with ▇▇▇▇▇▇▇ Mac’s project review and eligibility requirements in Section 5701.2 of the ▇▇▇▇▇▇▇ Mac Guide subject to such variances, if any, therefrom that have either been agreed to in writing between Seller and ▇▇▇▇▇▇▇ Mac or specified in a written ▇▇▇▇▇▇▇ Mac waiver.

  • The ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Retail Condo Mortgage Loan is part of ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Retail Condo Loan Combination, which is collectively evidenced by nine pari passu notes.

  • If the Mortgage Loan is a ▇▇▇▇▇▇▇ ▇▇▇ New Condo Loan, is a “New Condominium Project” as defined in the Glossary, and in Section 5701.1, of the ▇▇▇▇▇▇▇ ▇▇▇ Guide and complies with ▇▇▇▇▇▇▇ ▇▇▇’s project review and eligibility requirements in Section 5701.2 of the ▇▇▇▇▇▇▇ Mac Guide subject to such variances, if any, therefrom that have either been agreed to in writing between Seller and ▇▇▇▇▇▇▇ ▇▇▇ or specified in a written ▇▇▇▇▇▇▇ ▇▇▇ waiver.

  • The ▇▇▇▇▇ Investor satisfied its Initial Capital Contribution by contributing to the capital of the Company the Property and other assets pursuant to the Contribution Agreement, subject to the Condo Loan.

Related to Condo Loan

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Existing Loan means the loan identified on Exhibit H.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.