permanent lender

permanent lender

One who makes permanent loans on real property.Contrast with construction lender or bridge lender. In the field of commercial properties, many permanent lenders include large prepayment penalties in their loan documents. (Unlike consumer lending, which includes no prepayment penalties, the choice of a permanent lender for a commercial loan can have long-lasting adverse consequences.)

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Tenders are invited for Low-Income Housing Tax Credit Investor and/or Construction and/or Permanent Lender
The project is Enterprise's first with Bellwether Enterprise as the approved permanent lender agent for NYCERS.
To achieve the goal of recouping the original cash invested, the developer must meet two permanent lender benchmarks, loan-to-value (LTV) and debt service coverage ratio (DSCR).
The construction lender was Atlanta's Compass Bank and the permanent lender was GMAC.
Tenders are invited for For Low Income Housing Tax Credit Investor Limited Partner Construction And Permanent Lender For The St Francis Park Apartments
These include forward loan commitments (which commit the permanent lender to a future loan, subject to certain conditions); buy-sell agreements (in which the construction lender agrees to sell the permanent lender all rights and title to its loan); and extension options (which are incorporated into the original loan documentation and may include long-term extensions, or "conversions").
What: North Beach Place's lead conventional construction and permanent lender, Citibank, will host a Block Party event to celebrate the creation of a new community landmark.
The ultimate permanent lender had already given its commitment.
Schlesser joins Bridger following a 20-year career as a construction and permanent lender with major national and international banks.
Lenders have basically closed their doors and are taking a "wait and see" attitude regarding real estate, owners like Pivko must be prepared to fill that role permanent lender.
GMAC Commercial Mortgage Corporation will be the hotel's permanent lender on the project.

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