Transaction loan

Transaction loan

A loan extended by a bank for a specific purpose. Lines of credit and revolving credit agreements involve by contrast loans that can be used for various purposes.

Transaction Loan

A loan for a specific purpose. For example, a mortgage is a transaction loan because it is used to buy a piece of property, a fact both the lender and the borrower know when they begin the process. A transaction loan contrasts with a line of credit, which may be used for any number of purposes within a broad range.
Mentioned in ?
References in periodicals archive ?
Cross-risk: ALM and credit model validation, merger-related valuation services, Federal Deposit Insurance Corporation (FDIC) assisted transaction loan valuation and loss share model validation, Treasury and Finance process reviews, and risk management training and education.
E[acute accent]Based on results of the transaction loan sampling over the past 22 months, Fitch has determined that there has been excellent compliance with Fitch's high cost loan criteria.
Whether customers are seeking the support of Better Life's Law Division, dedicated to stopping the foreclosure process, or services related to a loan, real estate transaction loan and top-notch escrow services, Better Life has all such offerings and more.
CMBS DEALS WITH REJECTED KMART LEASES Transaction Loan Name Amount % of Deal ASC 1997-D5 Builders Square-Daytona $8,838,427 0.
CMBS Transactions That Have Greater Risk Exposure to Kmart Store Closures Transaction Loan Amount No.
Part of the proceeds were used to retire Security Capital's transaction loan, which had an outstanding balance of US dollars 500 million.
Part of the proceeds will be used to retire Security Capital's transaction loan, which has an outstanding balance of $500 million.
Shiloh Loan Modifications Approx Combined Total # of Balances (mil$) Note as % Transaction Loans A Note B Note Balance of pool MLMI 1996-C2 4 $31 $6 $37 5.
We feel our selection as master servicer for all the transaction loans in this securitization reflects the success of our strategy for leadership.

Full browser ?