lead lender

lead lender

Most often,a lender who originates a loan and then sells part of the loan to another financial institution—called the participant—but remains in control of the relationship with the borrower.Sometimes,the originating lender will also sell the “lead position”and will simply retain a passive,participation interest in the loan.

Mentioned in ?
References in periodicals archive ?
REC is acting as the lead lender for two units, and SBI is the lead lender for the remaining two.
Loren Houchen, chief operating officer of Business Partners, said the Florida retail property has 13 credit union participants, including Telesis, the lead lender.
Hampshire has notified its lead lender regarding its request for a waiver, but there can be no assurance that the lenders will grant Hampshire's request.
However, the lead lender under the bank credit agreement has agreed to provide a bank credit facility to the Company until January 31, 2005, either on its own or together with one or more of the other lenders in the banking syndicate.
Participation loan: (1) A mortgage mode by one lender, known as the lead lender, in which one or more other lenders, known as participants, own a pert interest; (2) A mortgage originated by two or more lenders.
Shawmut Bank Connecticut, as lead lender, will coordinate loan administration and accounting activities with the Loan Fund and will serve as the link between the other banks in the loan pool and the Loan Fund.
HSBC Securities (USA) was the lead lender in providing construction financing in the amount of $159,435,000,000, with the Union Labor Life Insurance Company (ULLICO) as co-lead lender.
JPMorgan Chase has distinguished itself in the community development field as a lead lender for large, complex transactions that result in affordable housing for low- and moderate-income households as well as economic development transactions that result in new jobs and revitalized communities.
We were able to structure a three-way 'club' deal where the participants work collectively without a lead lender, with CIGNA, TIAA and NYSTRS each participating in a third of the loan.
People's is the lead lender on the financing, which also includes participants Cape Cod Bank & Trust and Eastern Bank.
Randy Lee, founder and CEO of Leewood Real Estate Group, added, "The Willow Green community and this 'Excellence in Housing Award' would not have been possible without the support of the City of Trenton, the State of New Jersey, Lutheran Social Ministries, the Federal Home Loan Bank, and Richmond County Savings Bank, Willow Green's lead lender.
a Chicago-based bank, as the lead lender and assisted in securing two of the four participants for the $80 million construction loan and secured an institutional investor to provide the $30 million mezzanine loan.