TERM CONSTRUCTION LOAN definition
TERM CONSTRUCTION LOAN means a term loan in the principal amount of Three Million Five Hundred Thousand and 00/100 Dollars ($3,500,000.00).
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Related to TERM CONSTRUCTION LOAN
Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.
Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.
Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.
Original construction means the first or initial construction
Delayed Draw Term Loan has the meaning specified in Section 2.01(b).