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.
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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.
CMBS Transactions That Have Greater Risk Exposure to Kmart Store Closures Transaction Loan Amount No.
CMBS DEALS WITH REJECTED KMART LEASES Transaction Loan Name Amount % of Deal ASC 1997-D5 Builders Square-Daytona $8,838,427 0.

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