Mixed Use Loan definition

Mixed Use Loan. A Loan secured by a Mortgaged Property that is used primarily for residential purposes, but which is also used for non-residential purposes.
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Mixed Use Loan. A Sub-Pool 1 Mortgage Loan which is secured by a mixed residential and commercial structure.
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Mixed Use Loan means any first lien Loan secured by a mixed use property to a Mortgagor of “A” or “Alt-A” credit quality.
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Examples of Mixed Use Loan in a sentence

  • Farm Mixed Use (Loan No. 5) Fleet Farm Group, LLC, the sole tenant at the Mortgaged Property, has a right of first offer to purchase the Mortgaged Property in the event of a proposed transfer of the Mortgaged Property to a third party that is not an affiliate of the Mortgagor.

  • Mixed Use (Loan No. 55) The commercial uses at the related Mortgaged Property are legal conforming due to conditional use permits that have been obtained.

  • Farm Mixed Use (Loan No. 5) The Mortgage Loan documents permit the Mortgagor to rely on insurance provided by Fleet Farm Group, LLC, the sole tenant at the Mortgaged Property, provided that, among other conditions, such insurance satisfies the insurance requirements set forth in the Mortgage Loan documents (other than with respect to property and liability deductibles, which may be up to $250,000).