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

  • What is more, the noise that is not cancelled out will be amplified, producing undesired results.

  • 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).

  • 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.

Related to Mixed Use Loan

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • Mixed-use project means a project comprising both a qualified

  • Mixed use means land, buildings or structures used, or designed or intended for use, for a combination of non-residential and residential uses;

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • mixed-use building means a building or structure containing a residential and non- residential use other than a home occupation;

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • residential land means land used or capable of being used for residential purposes (but does not include land on which there is no residential dwelling).

  • Multifamily Property means a Property improved with, and from which at least 80% of the rental income is derived from, residential apartments, which may include a Property that is a part of a Mixed-Use Project.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Subloan means a loan made or proposed to be made partially out of the proceeds of the Loan by a Participating Bank to a Beneficiary (as such term is hereinafter defined) under Parts D and I of the Project for the financing of the investments and associated working capital under Subprojects (as such term is hereinafter defined);

  • Single Family Property A one-unit residential property.

  • Jumbo Mortgage Loan is a collective reference to Jumbo Mortgage Loans (Standard Limit) and Jumbo Mortgage Loans (Specialty).

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Developed Land means all Developable Land of the Company and its Restricted Subsidiaries which is undergoing active development or is ready for vertical construction.

  • Performing Mortgage Loan Any Mortgage Loan or Serviced Pari Passu Companion Loan that is not a Specially Serviced Mortgage Loan.

  • Shelter care facility means a facility used for the shelter care of youth. The term is limited to

  • Wet-Ink Mortgage Loan means a Mortgage Loan which any Seller is selling to Buyer simultaneously with the origination thereof and for which the Mortgage Loan Documents have not been delivered to the Custodian.

  • Securitization Property means the property described in section 10j.

  • Mortgaged Real Property means any parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Type 1 Mortgage Loan Any of the Mortgage Loans identified in Exhibit F-1 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, serviced under the WFHM Servicing Agreement and having a Mid-Month Receipt Period with respect to all types of Unscheduled Principal Receipts.

  • Portfolio Asset means an asset of an investment fund;

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.