acquisition loan
acquisition loan
A loan made to acquire a property, also called a purchase money loan. In bankruptcy law,acquisition lenders receive some special priorities and benefits not granted to other creditors.
References in periodicals archive
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It directed banks that real estate development projects must reach a more than 25 percent completion stage before an acquisition loan is granted.
The 20year acquisition loan has a fixed rate for 10 years and amortizes on a 30-year schedule.
7m balance sheet acquisition loan to Birchwood Health Care Properties for the acquisition of four skilled nursing facilities in Oklahoma, the company said.
Highlighted transactions for the firm include a USD13 million acquisition loan for a super-regional mall in Pennsdale, Pennsylvania, a USD8.
An $8 billion acquisition loan would be the largest Gulf merger and acquisition loan in six years.
JP Morgan could easily underwrite an acquisition loan, alone or with the support of one or two banks, they said.
In order to facilitate completion of the Libyan acquisition, the company's management has agreed to terms on an acquisition loan facility for up to $10 million.
If a company decides not to continue its ESOP after the acquisition loan is repaid and shares are allocated to participants, it can terminate the plan.
A Dayton, OH, bank provided the acquisition loan as part of the financing package, which also included management investors and convertible preferred stock purchased by Warren Tool.
Walker & Dunlop structured a $13,521,000 acquisition loan for Alexander Pointe, a Class B, garden-style apartment complex in the Jacksonville, Florida suburb of Orange Park.
Gold miner inked a mandate letter and term sheet with Investec Bank, that could see the bank provide A$40-million in loan facilities, it would consists A$20-million revolving corporate services as well as a revolving acquisition loan facility.
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