Development Loan means a Mortgage Loan obtained by a Borrower for the purpose of acquiring, carrying and engaging in pre-development and development activities with respect to real property prior to the construction of improvements thereon, which activities shall include, without limitation, engineering, zoning, planning and construction of common area and amenities including the construction of clubhouses, pools, etc., but shall exclude Residential and Commercial Land Development Loans.
Development Loan means money loaned to a certified microbusiness development corporation by the department for the purpose of making microbusiness loans under the provisions of this part.
Development Loan means money loaned to a certified microbusiness development corporation by
Examples of Development Loan in a sentence
The project will be funded by a Rural Development loan and grant.
If the amount of unused Rural Development funds exceeds Rural Development grant amount, the excess will be considered to be Rural Development loan funds and used to prepay the Bonds as provided above.
More Definitions of Development Loan
Development Loan means financing provided by the Company or a Restricted Subsidiary of the Company to a third party to fund the construction of Towers where the Company or the Restricted Subsidiary has been granted the right of first refusal, option or similar arrangement to acquire or use such Towers.
Development Loan means a loan made by Borrower to a Development Loan Obligor to enable such Development Loan Obligor to construct and develop Entitled Land into a single-family residential subdivision, upon completion to consist of Finished Lots, situated in the State of Texas.
Development Loan means a loan:
Development Loan means any loan made under the authority of Section 13 of Article VIII, Ohio Constitution, including any loan made under the authority of Chapter 122., 165., 166., 184., or 1724. of the Revised Code.
Development Loan means any loan made under the 21
Development Loan means that certain First Mortgage loan made by the Lender to the Developer to finance the construction of the Building Improvements and the development of any or all Phases, as the same may be modified, amended or extended, provided, however, if the Developer, pursuant to Section 6.05 or Section 6.08 of this Agreement, obtains Alternate Financing any reference to Development Loan within this Agreement shall apply with equal force and effect to such Alternate Financing.