MFR Unit definition
MFR Unit means a Unit constructed or to be constructed on a phased construction basis in a building containing more than four (4) Units, but fewer than twenty-one (21) Units, together with the associated Lot.
Examples of MFR Unit in a sentence
Each Spec Unit which constitutes a SFR Unit or an MFR Unit may be included in Eligible Collateral for not more than twelve (12) Calendar Months from the original Unit Eligibility Date for such Unit.
Each Presold Unit which constitutes a SFR Unit or an MFR Unit may be included in Eligible Collateral for not more than twelve (12) Calendar Months from the Unit Eligibility Date for such Unit, and each Presold Unit which constitutes a High Density Unit may be included in Eligible Collateral for not more than twenty-four (24) Calendar Months from the Unit Eligibility Date for such Unit.