Construction Lender definition

Construction Lender means a person who makes a construction loan.

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Construction Lender means either of the following:

Construction Lender means any person, including a bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, savings and loan association, credit union, cooperative bank, small loan company, sales finance company, investment company, or any other financial institution that advances money to a borrower for the purpose of making alterations or improvements to real property. A construction lender does not include a person or entity who is acting in the capacity of contractor, original contractor, or subcontractor.

Examples of Construction Lender in a sentence

• Developer shall be responsible for obtaining any necessary consent to an amendment to this Agreement from the Construction Lender or Permanent Lender, as applicable.

• The Agency and the City shall retain one of the LEP Firms and shall cause such LEP Firm to perform all such testing and inspection, and to issue a report with respect to each parcel, addressed to the City, the Agency and the Redeveloper (and, if requested by Redeveloper, any Construction Lender), setting forth the Remedial Cost Estimate with respect to such parcel.

• Notwithstanding the foregoing, at the time the third Capital Contribution payment is made by the Limited Partner pursuant to this Agreement it will be paid to the Construction Lender and then disbursed in installments based upon approved draw requests in accordance with the Disbursement Agreement.

More Definitions of Construction Lender

Construction Lender means the maker of any Construction Loan or beneficiary of any Construction Loan Deed of Trust.

Construction Lender means a Lender with a Construction Commitment or with outstanding Construction Loans.

Construction Lender means the maker of the Construction Loan, or its successor and assigns in such capacity.

Construction Lender means any mortgagee or beneficiary under a

Construction Lender means any mortgagee or beneficiary under a deed of trust lending funds all or a portion of which are used to defray the cost of the construction, alteration, repair or improvement, or any assignee or successor in interest of either.

Construction Lender means , a .

Construction Lender means the lender that enters into Construction Loan Documents with the Owner for the Project.