Definition of Loan B Loan Amount

Loan B Loan Amount means the lesser of (i) $4,600,000, (ii) 70% of the total construction cost under the Lender approved Budget for the Renovation Improvements, or (iii) a loan to value ratio of not more than seventy-five percent (75%), determined on a combined basis 1942134 v3

Examples of Loan B Loan Amount in a sentence

Payments shall be applied at the end of the Interest Accrual Period in which such Unscheduled Payments are received as a principal prepayment of the Loan B Loan Amount to amortize the Loan B Loan Amount.