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bullet loan |
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Bullet loan A bank term loan that calls for no amortization. bullet loan A loan with a 5- to 10-year term,no amortization,and the entire principal balance due at the end. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| They're called bullet loans because they require the borrower to pay interest only for the term of the loan, followed by one large "bullet" payment at the end. While the financial press has warned of the large amount of bullet loans coming due, we have not witnessed an excessive demand from this type of borrower. Approximately $99 million of debt at the holding company level was repaid and the remaining $100 million was recently refinanced through a three year bullet loan at very attractive spreads over LIBOR (2. |
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