HPD Loan definition

HPD Loan means any loan made by HPD with respect to the Property. "HPD Mortgage" shall mean any mortgage held by HPD securing an HPD Loan.
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HPD Loan shall have the meaning set forth in Section 8.4(b).
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HPD Loan means the interest free mortgage loan in the amount of $1,000,000 from the HPD to the Mortgagor following the satisfaction of certain conditions.
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Examples of HPD Loan in a sentence

  • Owners should consult with their HPD Loan Program Officer regarding the setting of initial rents.

  • Capital financing for the NYC Supportive Housing Initiative is available through the Supportive Housing Loan Program and other existing HPD Loan Programs.

  • Projects are not funded under an HPD Loan Program should include a development budget and evidence of financing commitments with Application Package.

  • Submission Timeline: Solar Feasibility(At BLDS Submission: 8-16 months before closing)PreBuild(After Schematic Design : 3-8 months before closing) Closing(1-2 weeks prior to HPD Loan closing)PostBuild(Upon construction completion/ TCO) SOLAR FEASIBILITY: At or after Initial Submission for BLDS Design Consultation or Review: typically 8- 16 months prior to estimated loan closing.

  • The total liability to the City was $18,640,000 on October 31, 1999.The Corporation under its DSP has initiated an HPD Loan Servicing Program.

Related to HPD Loan

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

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

  • ARD Loan Any Mortgage Loan that provides that if the unamortized principal balance thereof is not repaid on its Anticipated Repayment Date, such Mortgage Loan will accrue Additional Interest at the rate specified in the related Mortgage Note and the Mortgagor is required to apply excess monthly cash flow generated by the related Mortgaged Property to the repayment of the outstanding principal balance on such Mortgage Loan.

  • PPP Loan has the meaning set forth in Section 3.28.

  • 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.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

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

  • 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.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Revolving Advance has the meaning given in Section 2.1.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Bid Loan has the meaning specified in Section 2.03(a).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • LIBOR Loan means any portion of a Loan (other than a Base Rate Loan) bearing interest at a rate based on LIBOR.