Real Estate Note definition

Real Estate Note means the promissory note dated as at the date of the REAL ESTATE CLOSING in the face amount provided in Section 6.02 hereof issued by the BORROWER to the order of BANK and evidencing the obligation to repay the REAL ESTATE LOAN.

Real Estate Note means that certain Renewal Promissory Note dated the Closing Date to Lender from FAS in the original principal sum of Five Million Two Hundred Seventy Five Thousand Five Hundred and 00/Hundredths Dollars ($5,275,500.00) and all extensions, consolidations and renewals thereof.

Real Estate Note means the Promissory Note dated as of the Closing Date by Borrowers payable to the order of Lender in the original amount of $7,686,000.00.

Examples of Real Estate Note in a sentence

• In addition, on or before the date hereof, Borrower shall pay to Bank a fee in the amount of the lesser of (i) Bank’s Cost of Funds Breakage Costs for the existing indebtedness owing to Bank from the Real Estate Loan Borrower which is amended, restated and restructured pursuant to the Real Estate Note, or (ii) the contractual prepayment fee reflected in the loan documents evidencing such existing indebtedness owing to Bank from the Real Estate Loan Borrower.

• To finance the acquisition of the fee title to the Real Estate (Note 1) and certain related costs, Associates obtained a $60,500,000 first mortgage with North Fork Bank.

• This Note has been executed and delivered pursuant to, and is subject to certain terms and conditions in, that certain Amended and Restated Letter Loan Agreement of even date herewith, (said Agreement as previously amended and as it may hereafter be amended or modified from time to time being the "Loan Agreement", the terms defined therein and not otherwise defined herein being used herein as therein defined), and is the "Real Estate Note" referred to therein.

• The other such note is designated Real Estate Note B and has been executed by the undersigned in favor of West Coast Life Insurance Company and is in the original principal sum of Seven Hundred Fifty Thousand and No/100 Dollars ($750,000.00).

• An example is the Cytonn Real Estate Note which provides returns of 16.0% to 20.0% depending on the tenor.On the other hand, the downsides to this kind of financing option includes;• Illiquidity: This mostly affects Real Estate backed up structured products.

More Definitions of Real Estate Note

Real Estate Note means the promissory note payable to the order of the Bank evidencing the Real Estate Loan, together with all modifications, extensions, renewals and rearrangements thereof, delivered to the Bank prior to the Effective Date.

Real Estate Note means the Borrower’s promissory note, payable to the order of the Lender in substantially the form of Exhibit D hereto and any note or notes issued in substitution therefor.

Real Estate Note means the promissory note attached hereto as Exhibit E-2.

Real Estate Note means the promissory note executed by the Borrower and ------------------ payable to the order of the Bank in the aggregate principal amount of the Real Estate Commitment, together with all amendments, modifications, and renewals thereof.

Real Estate Note means the Borrowers’ promissory note, payable to the order of the Lender in substantially the form of Exhibit B hereto, as same may be renewed and amended from time to time, and all replacements thereto.

Real Estate Note means that certain Real Estate Note dated December 27, 1996 executed by RPI in favor of Nationwide in the original principal amount of $2,700,000, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms. 'RPI' means Roman Properties, Inc., a Georgia corporation and a Subsidiary of the Company."

Real Estate Note. The “Note” under and as defined in the Real Estate Loan Agreement.