Construction Loan definition

Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

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Construction Loan means a loan for a maximum of two years for the purpose of construction.

Construction Loan means any Loan made in connection with a Construction Advance.

Examples of Construction Loan in a sentence

• In order to exercise the option to convert the Loan to a Permanent Loan, the Borrower must provide the City with written notice of such election at least fifteen (15) days prior to the Construction Loan Maturity Date.

• Provided all of the requirements and conditions set forth in Section 5.1 have been met and the Borrower has properly exercised the option to convert the Loan to a Permanent Loan in the manner and at a time permitted under Section 5.2, then the Permanent Phase shall commence on the Construction Loan Maturity Date.

• The Source of Funds have been specified in the Partnership Agreement as the Construction Loan, the Mortgage, the Capital Contribution of the General Partner, the Capital Contribution of the Limited Partner and the Capital Contribution of the Special Limited Partner.

• The word "Agreement" means this Construction Loan Agreement, as this Construction Loan Agreement may be amended or modified from time to time, together with all exhibits and schedules attached to this Construction Loan Agreement from time to time.

• For so long as the Construction Loan remains outstanding, the Company will maintain a separate bank account or accounts with the bank making the Construction Loan for the deposit and disbursement of all funds of the Company.

More Definitions of Construction Loan

Construction Loan means a mortgage loan to construct a 1-to-4 family dwelling, that is approved and closed before completion of the construction of the improvement on the real property.

Construction Loan shall include any deed, deed of trust, note, security agreement, assumption agreement or other instrument executed by, or on behalf of, the Partnership or General Partner in connection with the Construction Loan.

Construction Loan means a Loan, the proceeds of which are intended to be used substantially to finance the construction of improvements on real property.

Construction Loan means the aggregate principal amount for the time being owing and outstanding under the Construction Loan Facility.

Construction Loan shall have the meaning assigned to such term in the Mortgage Loan Agreement.

Construction Loan means a loan of less than three years in term, made for financing the cost of construction of a building or other improvement to real estate, that is secured by the real estate.

Construction Loan means the Loan before Conversion.