Stabilized Value definition

Stabilized Value means the value of the Property, determined following the Completion of the Improvements. The Stabilized Value shall be determined based upon an MAI appraisal performed, at Borrower’s sole cost and expense, by an appraiser approved by Lender and dated, or updated, to a date within 30 days or the date of the Completion of the Improvement occurs made in compliance with FIRREA and reasonably satisfactory to Lender in all respects; the appraisal value shall be subject to review and confirmation and updating as to valuation by Lender’s internal appraisal staff, whose decision shall be final absent manifest error.
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Stabilized Value means the market value of the Property after it reaches stabilized occupancy as evidenced by an appraisal of the Property.
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Stabilized Value is defined in the Master Contribution Agreement.
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Examples of Stabilized Value in a sentence

  • Reg 17 Safe Harbor Rate 17 SEC 17 Securities Act 18 Service Companies 18 Stabilized Value 18 Subsequent BCR Entities 18 Subsequent FCE Entities 18 Substituted Member 18 Tax Matters Member 18 Trading Day 18 Transfer 18 Units 19 Unreturned Capital 19 1.2. Exhibits, Etc.

  • At all times during the term of this --------------------------- Agreement, the ratio of the applicable Maximum Commitment Amount of the Line of Credit to the discounted value of the Real Property and Improvements at stabilized occupancy ("Discounted Stabilized Value") shall at no time exceed seventy percent (70%)(the "Maximum Loan-to-Value Ratio").

  • For purposes of this Section 9.5, Bank shall determine the Discounted Stabilized Value of the Real Property and Improvements using a methodology which (i) conforms to then-current regulatory requirements, (ii) is considered by Bank to be appropriate under the circumstances, and (iii) takes into account then-current market conditions, including vacancy factors, estimated date of stabilization, discount rates, and rental rates and concessions, all as determined by Bank.

  • To qualify as an Eligible Asset, the Borrower shall not commit to finance more than 100% of the Budgeted Costs or 100% of the Stabilized Value of such Eligible Asset.


More Definitions of Stabilized Value

Stabilized Value means the value of the Contributed Development Asset upon Stabilization as determined by Acquirer’s board of directors (collectively, the “Acquirer Board”) in good faith based upon appraisals received from three nationally recognized multifamily property appraisers engaged by Acquirer who appraise the Contributed Development Asset. Such appraisals shall consider the stabilized net operating income of the Contributed Development Assets. In determining the Stabilized Value, the Acquirer Board shall consider the appraisals described above, as well as such other factors as the Acquirer Board, in its business judgment, deems relevant.
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Stabilized Value means, as of any date in respect of an Eligible Asset or Pledged Eligible Asset, the stabilized value of the collateral property underlying such Eligible Asset or Pledged Eligible Asset, as determined in good faith by the Borrower and approved by the Lender in its sole discretion. The Stabilized Value of a Pledged Eligible Asset shall be described in the Underwriting Transmittal of such Pledged Eligible Asset.
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Stabilized Value means, with respect to the Oakland Hills Property, the Buffalo Grove Property and the Smithtown Property an amount equal to (i) the Net Operating Income of the Property for the three (3) month period beginning with the month in which Stabilization occurred, (ii) multiplied by four (4), and (iii) divided by the Cap Rate.
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Related to Stabilized Value

  • Capitalized Value means, as of any date, Annualized EBITDA divided by the Capitalization Rate.

  • Stored value means monetary value that is evidenced by an electronic record.

  • Attributable Value means, as to a Capitalized Lease Obligation under which any Person is at the time liable and at any date as of which the amount thereof is to be determined, the capitalized amount thereof that would appear on the face of a balance sheet of such Person in accordance with GAAP.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Unencumbered Asset Value means, at any time for the Consolidated Group, without duplication, the sum of the following: (a) an amount equal to (i) Unencumbered NOI from all Unencumbered Properties (other than Non-Stabilized Properties and acquisition properties described in clause (b) below) that have been owned by the Consolidated Group for four full fiscal quarter periods or longer (which amount for each individual Unencumbered Property as well as the aggregate amount for all Unencumbered Properties shall not be less than zero) divided by (ii) the Capitalization Rate, plus (b) the aggregate acquisition cost of all Unencumbered Properties acquired during the then most recently ended four fiscal quarter period, plus (c) the undepreciated book value of Unencumbered Properties that are Non-Stabilized Properties; provided that if the Unencumbered Asset Value attributable to Non-Stabilized Properties accounts for more than 15% of Unencumbered Asset Value, the amount of undepreciated book value of such Non-Stabilized Properties that exceeds such limit shall be deducted from Unencumbered Asset Value, plus (d) cash from like-kind exchanges on deposit with a qualified intermediary (“1031 proceeds”), plus (e) the value of Mezzanine Debt Investments and Mortgage Receivables owned by the Consolidated Group that are not more than ninety (90) days past due determined in accordance with GAAP, in each case that are not subject to a Lien or Negative Pledge; provided that if the Unencumbered Asset Value attributable to Mezzanine Debt Investments and Mortgage Receivables accounts for more than 10% of Unencumbered Asset Value, the amount of Mezzanine Debt Investments and Mortgage Receivables that exceeds such limit shall be deducted from Unencumbered Asset Value, plus (f) the undepreciated book value of all Unimproved Land and Construction in Progress owned by the Consolidated Group to the extent any such assets are not subject to a Lien or Negative Pledge, plus (g) Balance Sheet Cash; provided that, to the extent that Unencumbered Asset Value attributable to investments in Mezzanine Debt Investments, Mortgage Receivables, 1031 proceeds, Unimproved Land, and Construction in Progress account for more than 25% of Unencumbered Asset Value, in the aggregate, the amount that exceeds such limit shall be deducted from Unencumbered Asset Value. For clarification purposes, in determining whether clause (a) or clause (b) above applies, the date a Property will be deemed to have been acquired is the date it was acquired by the Consolidated Group or any prior Affiliate of the Consolidated Group.