Construction Mortgage definition

Construction Mortgage means a mortgage that secures an obligation incurred for the construction of an improvement on land including the acquisition cost of the land, if the recorded writ- ing so indicates.
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Construction Mortgage means a mortgage that secures an obligation incurred for the construction of an improvement on land, including the acquisition cost of the land.
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Construction Mortgage means the financing for the construction of the Apartment Complex provided by the Construction Lender in the principal amount of $274,310.
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Examples of Construction Mortgage in a sentence

  • Construction mortgage liens shall be preferred to all mechanics’ liens of claimants who commenced their particular work or improvement subsequent to the date of the recording of the construction mortgage lien.

  • Construction mortgage: Temporary loan used to finance construction of improvements on land.⚫ Fixed disbursement plan: Loan funds disbursed to borrower as construction proceeds (obligatory advances).

  • Construction, mortgage and personal loans must be at least thirty percent (30%) of the total funds.

  • If sold for less than Fair Market Value, within 5 years, lien transfers to the new owner.Construction of grantee- owned property, as part of a NSP2-funded construction projectMSHDA0% Construction mortgage.

  • Construction mortgage situation of AEON Mall projectIn 2019, the ‘‘Huafu-Sugaoxin AEON Mall Asset-backed Special Plan (華福—蘇高新永旺夢樂城資產支持專項計劃)’’ (CMBS), a cooperation between Suzhou Sugaoxin Group Co., Ltd.* (蘇州蘇高新集團有限公司) and Huafu Securities Co., Ltd.* (華福證券有限責任公司) was successfully issued on the Shanghai Stock Exchange.


More Definitions of Construction Mortgage

Construction Mortgage means the financing for the construction of the Apartment Complex provided by the Construction Lender in a principal amount of up to $6,757,536. Construction Mortgage Closing means the first date upon which the Construction Mortgage was closed and the initial draw thereunder was disbursed.
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Construction Mortgage means the Mortgage securing the Partnership's obligations under the Construction Note.
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Construction Mortgage means the financing for the construction of the Apartment Complex provided by the Construction Lender dated June 12, 1997, in a principal amount of up to $1,100,000.
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Construction Mortgage means the Construction Mortgage as described in the Recitals hereto.
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Construction Mortgage means the first ranking shipbuilding mortgage (Hoechstbetragsschiffshypothek) in the maximum amount of EUR 581, 000,000 executed or to be executed by the Borrower in favour of banks and financial institutions designated by the Builder to secure loans made or to be made to the Builder to finance the construction of the Purchased Vessel.
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Construction Mortgage means the Mortgage, Assignment of Rents and Proceeds and Security Agreement delivered by Borrower pursuant to the Construction Loan Agreement.
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Construction Mortgage any Mortgage or Mortgages providing funding for the renovation of the Project.
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