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 ?
2,200,000 acquisition loan secured by a mixed use building in the East Williamsburg section of Brooklyn, NY.
The proposed acquisition, which is expected to close in Fall 2005, although we cannot provide any guarantees with respect to timing, is subject to customary closing conditions, including, but not limited to, regulatory approvals of the Hungarian Competition Office and the obtaining of an acquisition loan from Commerzbank Hungary.
5,000,000 acquisition loan secured by 464,000 square feet of retail space in the Rotterdam Square Mall in Schenectady, NY Boasting occupancy over 90 percent, the Rotterdam Square Mall is a 584,000 square foot regional mall, anchored by Macy's, Sears, K Mart, Rotterdam Square Cinemas, Shoe Dept.
GMACCM Commercial Mortgage Corporation (GMACCM) provided a $22,750,000 permanent, fixed-rate acquisition loan to the partner.
1 million acquisition loan for Brooklyn Place Apartments, a 204-unit multifamily apartment complex built between 2002-2004 in Evansville, Ind.
A $1,200,000 fixed rate acquisition loan for a 5,440 s/f mixed use building located on 79 Avenue A in New York.
Prime Rate Lending Group will offer to finance Costa Azul Development the land acquisition loan at a cost of $ 5,400,000.
2 million acquisition loan and S12,950,000 in a Fannie Mae Assumption on the Tristar Portfolio.
5 million acquisition loan for the Holiday Inn, Washington, D.
A $12 million acquisition loan of 144-unit multi-family building on Austin Street in Kew Gardens, Queens.
This operation will enable Pernod Ricard to repay the balance of its Seagram acquisition loan that it contracted on 28 March 2001 and benefit from more favourable financing conditions:
Jeanne Cronin, managing director of Q10 | New York Realty Advisors, LLC, announced the closing of a $1,335,000 acquisition loan secured by a first mortgage on a rental apartment building located on East 84th Street on the Upper East Side of Manhattan.
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