fully amortizing loan

fully amortizing loan

A loan calling for periodic payments that include some amount of interest and some amount of principal reduction,such that,at the end of the loan term,the entire principal amount of the loan plus all accrued interest will have been paid in full.

References in periodicals archive ?
Working on behalf of EPI Limited Partnership (headed by Ed Evans), HFF placed the 20-year, fixed-rate, fully amortizing loan with Lincoln Financial Group in less than 30 days.
After taking financing requests to Newmark's correspondents, as well as direct lenders, Lincoln Financial Group, Philadelphia, had the lowest rate and met the borrower's preference for a 25-year, fully amortizing loan, Berg said.
The "A" piece is a $4,961,376 30-year, fully amortizing loan that carries a fixed-note rate of 6.
The 35-year, fully amortizing loan is secured by CreekBridge Apartments, a 220-unit apartment complex in Salinas, Calif.
HFF worked exclusively on behalf of Regency Residential Partners, LLC ( Regency ) to secure the 25-year, fully amortizing loan at a fixed-rate of 4.
Further, a shorter-term, fully amortizing loan reduces the loan balance faster and builds home equity sooner.
In laymen's terms, "non-traditional" has come to mean any mortgage loan product that is not a 30-year or 15-year fixed-rate, fully amortizing loan with full documentation and a 10 percent to 20 percent borrower down payment.
The fully amortizing loan is scheduled to mature in November 2012.
The 25-year, fully amortizing loan is being financed at the rate of 7.
The 35 year fixed fully amortizing loan was made possible by obtaining a waiver for the 3 year rule and was used to refinance the existing construction debt of the property.
The fully amortizing loan is scheduled to mature in 2023 and had a servicer reported YE 2007 debt service coverage ratio (DSCR) of 1.