Senior Mortgage Loans definition

Senior Mortgage Loans means performing senior commercial or multifamily fixed or floating rate mortgage loans or A-Notes related to performing senior commercial or multifamily fixed or floating rate mortgage loans, in each case secured by first liens on multifamily or commercial properties.
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Senior Mortgage Loans means commercial mortgage loans that are secured by real estate and evidenced by a first priority mortgage.
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Senior Mortgage Loans means each Existing Mortgage Loan, New Production Mortgage Loan and Pipeline Loan financed or to be financed hereunder and which is secured by way of a first ranking legal mortgage or first ranking Standard Security.
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Examples of Senior Mortgage Loans in a sentence

  • Also, Realty Mogul is analyzing potential platform investments to determine whether the investment may be sellable to investors, but is not managing toward an anticipated rate of return in the way that it would for potential Company investments.Our primary focus will be to invest in the following types of commercial real estate loans: Senior Mortgage Loans.

  • Although we generally prefer direct origination, current market conditions have created situations where holders of commercial real estate debt may be in distress and are therefore willing to sell at prices that compensate the buyer for the lack of control over the origination process.Our primary focus will be to originate and invest in the following types of commercial real estate loans: Senior Mortgage Loans.

  • Subsequent Priority of Fund Mortgage – Generally, the Fund Mortgage and the amount outstanding under the Mortgage Loan will be subsequent in priority to the interests of the Lenders of the Senior Mortgage Loans granted by the Realty Trust and Sunstone Investments as co-owners under the Co-Ownership to secure financing used in the purchase, ownership and operation of Properties.

  • There is also no assurance that any Senior Mortgage Loans, if obtained, will be renewed when they mature.

  • As a co-owner under the Co-Ownership Agreement, Sunstone Investments will identify prospective Properties for investment by the Realty Trust and Sunstone Investments through the Co-Ownership, will undertake and implement financial, physical and environmental due diligence in respect of each such prospective Property, will coordinate the placement of Senior Mortgage Loans and will engage counsel to complete the purchase of the Properties for the Co-Ownership.

  • Sunstone Investments will target the overall loan to value ratio of the Senior Mortgage Loans at not more than 75% of the purchase price of the Properties as a whole, plus the amount of any property improvement reserve account approved by the Lenders.

  • The operation of the Properties may not generate sufficient funds to make the payments of principal and interest due on the Senior Mortgage Loans, and, upon default, one or more Lenders could exercise their rights including, without limitation, foreclosure or sale of the Properties.

  • The Realty Trust also intends to finance a part of the purchase price of the Properties by way of Senior Mortgage Loans from third party Lenders.

  • The Senior Mortgage Loans will be secured by mortgages registered on the Properties in respect of which the loans were advanced, and will have priority over the repayment of the Mortgage Loan and the return of capital to the Realty Trust.

  • Investment in real estate is subject to numerous risks, which include but are not limited to the following: (a) Financing Risks – There is no assurance that the Realty Trust will be able to obtain sufficient Senior Mortgage Loans to finance the acquisition of Properties on commercially acceptable terms or at all.


More Definitions of Senior Mortgage Loans

Senior Mortgage Loans means each Mortgage Loan which is secured by way of a first ranking legal mortgage or first ranking Standard Security.
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Senior Mortgage Loans means whole, performing senior commercial floating rate mortgage loans.
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Senior Mortgage Loans means one or more mortgages, charge, pledge, hypothec, lien, security interest or other encumbrance of any kind or nature whatsoever of the Properties to be granted by the Realty Trust and Sunstone Investments as co-owners under the Co-Ownership (or, if a Property is held by a nominee entity on behalf of the Co-Ownership, by such entity) to one or more Lenders, the proceeds of which will be used to finance the purchase, ownership and operation of such Properties;
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Senior Mortgage Loans means one or more mortgages of the Properties to be granted by the Realty Trust and Sunstone Investments as co-owners under the Co-Ownership (or, if a Property is held by a nominee entity on behalf of the Co-Ownership, by such entity) to one or more Lenders,
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Senior Mortgage Loans means one or more mortgage, charge, pledge, hypothec, lien, security interest or other encumbrance of any kind or nature whatsoever of the Properties to be granted by the Limited Partnership (or, if a Property is held by a nominee entity on behalf of the Limited Partnership, by such entity) to one or more Lenders, the proceeds of which will be used to finance the purchase, ownership and operation of such Properties;
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Related to Senior Mortgage Loans

  • Group 2 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 2 Mortgage Loans.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Group 1 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 1 Mortgage Loans.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Group II Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group II Mortgage Loans.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of February 27, 2006 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") anx X.X. Bank National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the Group II-A Distribution Amount for the Class II-A-7 Certificates required to be distributed to Holders of the Class II-A-7 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. Distributions in reduction of the Principal Balance of certain Classes of Class A Certificates may not commence on the first Distribution Date specified above. Distributions of principal will be allocated among the Classes of Group II-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class II-A-7 Certificates applicable to each Distribution Date will be 5.500% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-7 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Mortgage Loan Group Either Group I or Group II.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • 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.