ICS Loans definition

ICS Loans or “ICS Commercial Mortgage Brokerage” and , hereinafter referred to as “PRINCIPAL” or “BORROWER” or “CO-BORROWER” or “BORROWING ENTITY” concerning the property described below, hereinafter referred to as the “PROJECT”. This Agreement serves to set forth the terms and conditions in which ICS Loans will arrange financing for the “PROJECT” as depicted herein below: Borrowing / Principal Name: _ Borrowing Entity Name: Home Address: Phone: Email: # of Properties in Transaction Loan Type □ Conforming □ Non-Conforming □ SBA Loan Purpose □ Purchase □ Refinance (cash-out $ _) □ New Construction Estimated Loan Amount $ Estimated Loan-to-Value % New Lien Position □ 1st □ 2nd Market Value/Purchase Price $ Loan Term Desired □ < 1 Year □ 1 - 3 Year □ 3 - 5 Years □ 7 Years - 10 Years □ 15 YRS □ Other □ Multifamily 5+ Units □ Mobile Home Park □ Retail □ Office □ Industrial □ Mixed-use □ Land □ SFR □ Condo □ Duplex □ Triplex □ Fourplex □ Self-Storage □ Other Total Units Property Street Address: + City: State: Zip Code: Property Street Address: City: State: Zip Code: Borrower/Principal Initials: Date: □ Exclusive □ Non-exclusive basis.
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Examples of ICS Loans in a sentence

  • ICS Loans agrees to use reasonable commercial efforts to obtain and close financing for the Project.

  • ICS Loans does not guarantee that financing can or will be obtained.

  • Principal further agrees that ICS Loans may use this executed agreement as a demand in escrow/closing, directing Escrow/Closing Holder and/or capital source to pay and remit the fee to ICS Loans.

  • This Agreement creates a financing arrangement relationship between ICS Loans and Principal, and no other person(s) or companies not a party to this agreement.

  • Principal agrees that ICS Loans and those Commercial Lending Professionals, Underwriters, Loan Processors appointed by ICS Loans will not be liable to Principal for any losses or damages whatsoever in the event financing is not obtained.

  • Principal understands that ICS Loans is a commercial lending company specializing in arranging capital for the purchase, refinance, and construction of commercial, multifamily, and investment properties, and business financing.

  • Principal agrees ICS Loans is authorized to engage any and all private, institutional, and corporate capital sources to provide financing for the property transaction, including submission of loan applications and documents to prospective lenders on Principal’s behalf, and to negotiate on Principal’s behalf all funding terms, fees, interest rates, and arrange escrow closing.

  • Principal agrees ICS Loans is authorized to engage any and all private, institutional, and corporate capital sources to provide financing for the project transaction, including submission of loan applications and documents to prospective lenders on Principal’s behalf, and to negotiate on Principal’s behalf all funding terms, fees, interest rates, and arrange escrow closing.

  • Principal, who is an authorized borrower, managing borrower, and/or partner of the borrowing entity, authorizes ICS Loans and (Broker Name), hereinafter referred to as the “Commercial Mortgage Broker” appointed by ICS Loans, and any other ICS Commercial Lending Professionals, Underwriters, and Loan Processors appointed by ICS Loans to arrange financing for the described project.

  • LOAN FUNDING FEE – In the event project funding is provided by one or more capital sources brought forth by ICS Loans directly or indirectly, or the project is funded through any other 3rd party during the term of this agreement not a party to this agreement, Principal agrees to pay ICS Loans a LOAN FUNDING FEE and PROCESSING FEE, as outlined below: PROCESSING FEE – Principal agrees to pay ICS Loans a Loan Processing Fee of $975.00 due and payable at closing.

Related to ICS Loans

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the U.S. Swingline Loans, the U.S. Overadvances, and the U.S. Protective Advances.

  • Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.