SMF definition
Examples of SMF in a sentence
The review described under “Transaction Parties—The Sponsors and Mortgage Loan Sellers—Starwood Mortgage Funding III LLC—Review of SMF III Mortgage Loans” in the Prospectus was designed and effected to provide reasonable assurance that the disclosure regarding the Mortgage Loans in the Prospectus is accurate in all material respects.
A table/map (City of 30 Phoenix – SMF Adjacent Projects Database 08-15-15.PDF) of active developments in the area 31 of the Project is included in the RIDs. Developer shall prepare a Future Projects List that 32 includes the projects in Table 110-1, any other projects that may impact the Project, and the 33 project status.
The review described under “Transaction Parties – The Sponsors, Mortgage Loan Sellers and Originators – Starwood Mortgage Funding III LLC – Review of SMF III Mortgage Loans” in the Prospectus Supplement was designed and effected to provide reasonable assurance that the disclosure regarding the Mortgage Loans in the Prospectus Supplement is accurate in all material respects.
In the event the Master Servicer receives notice of a defeasance request with respect to a Mortgage Loan that provides for Retained Defeasance Rights and Obligations in the related Loan Documents, the Master Servicer shall provide, within five (5) business days of receipt of such notice, written notice of such defeasance request to SMF or SMF’s assignee in the case of the Mortgage Loans for which SMF is the related Mortgage Loan Seller.
Notwithstanding the foregoing, with respect to certain Mortgage Loans originated or acquired by SMF that are subject to defeasance, SMF has transferred to a third party or has retained the right to establish or designate the successor borrower and/or to purchase or cause to be purchased the related defeasance collateral (“Retained Defeasance Rights and Obligations”).