Multifamily definition

Multifamily means a housing development with two or more attached residential units. This includes mixed-use projects as stated in Section 400(a). The definition does not include accessory dwelling units unless the project is for new construction of a single- family home with attached accessory dwelling units. Please note, accessory dwelling units have a separate permitting process pursuant to Government Code section 65852.2.

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Multifamily meanss any residential structure designed for occupancy by multiple-family households in rented or leased apartments.

Multifamily means, with respect to any buildings containing more than one Residence, whether or not such buildings have mixed uses, Residences in such buildings, along with common areas associated with Residences in such buildings, including entrances and exits (but not educational, medical, retail, commercial, industrial, or professional areas not associated with Residences).

Examples of Multifamily in a sentence

• Definition: A modified FHA fully-insured Mortgage Loan secured by a Mortgage on a Multi-family Property.

• Definition: A permanent Mortgage Loan on a Multifamily Property originated by Seller under Fannie Mae’s Delegated Underwriting and Servicing Guide, including any permanent Mortgage Loan on a Multifamily Property originated by Seller pursuant to a Fannie Mae credit facility provided by Fannie Mae, and in accordance with Fannie Mae’s Delegated Underwriting and Servicing Guide; provided that construction loans and loans secured by hospitals or intermediate care facilities are ineligible.

• Definition: A permanent Mortgage Loan on a Multifamily Property originated by Seller under Fannie Mae’s Multifamily Selling and Servicing Guide, including any permanent Mortgage Loan on a Multifamily Property originated by Seller pursuant to a Fannie Mae credit facility provided by Fannie Mae, and in accordance with Fannie Mae’s Selling and Servicing Guide; provided that construction loans and loans secured by hospitals or intermediate care facilities are ineligible.

• Seller currently holds all approvals, authorizations and other licenses from the Agencies required under the Guides (or otherwise) to Originate, hold, service and sell Multifamily Loans.

More Definitions of Multifamily

Multifamily means a structure or structures containing a total of four or more dwelling units in any vertical or horizontal arrangement on a single lot or building site.

Multifamily means a housing development with two or more attached residential units.

Multifamily means a residential housing project consisting of five or more rental dwelling units located on a single or multiple tract(s) of land.

Multifamily means a Commercial Mortgage Loan secured by a first mortgage lien on a five-or-more family residential property, as to which the representations and warranties in Schedule 1(a) hereof are correct.

Multifamily means a housing development with two or more attached residential units. The definition does not include accessory dwelling units unless the project is for new construction of a single-family home with an attached accessory dwelling units in a zone that allows for multifamily. Please note, accessory dwelling units have a separate permitting process pursuant to Government Code section 65852.2

Multifamily is deleted and the phrase “Seniors Housing” is inserted in lieu thereof in the first line of Recital A.

Multifamily means property with two or more complete dwelling units.