Amortized Loan

Amortized Loan

A loan with the same payment each pay period. In an amortized loan, different amounts go to principal and interest each month. This allows the lender to receive the full amount of interest while also keeping periodic payments equal. See also: Self-Amortizing loan.
References in periodicals archive ?
Greystone's Lisa Fischman originated the loan under the HUD-insured 221 (D)(4) construction program providing a 40-year fully amortized loan with a low, fixed interest rate locked before closing.
Under the agreement, the amounts outstanding under the revolving credit facility mature in two years and the term loan is a fully amortized loan payable monthly over three years.
There is also an optional ability to roll the loan into a 15 year fully amortized loan. Many banks are failing to serve commercial property owners who could use the equity they have in these their properties to invest in other commercial real estate which contributes to another drag on our economy.
The amortized loan balance on a 30-year maturity does not decline faster than the 2% depreciation until the end of the ninth year.
For example, HUD offers borrowers a 40-year fully amortized loan for new construction, major expansion, or rehab, and a 35-year term and amortization for refinancing.
The 30 year amortized loan is secured by 101,062 s/f building, which includes mixed use retail and office space.
The fully amortized loan was underwritten using HUD's Section 232 pursuant to Section 223(f) funding program.
At this time, interest rates on HUD loans remain below six percent with HUD offering borrowers a 40-year fully amortized loan for new construction, major expansion or rehab, and a 35-year term amortization for refinancing.
Whereas HUD offers borrowers a 40-year fully amortized loan for new construction, major expansion or rehab, and a 35-year term and amortization for refinanced transactions, conventional loans most typically offer 10 year loans that are amortized over periods of 20 to 25 years with renewal options that may be negotiated later.
Whereas HUD offers borrowers a 40-year fully amortized loan for new construction, major-expansion or rehab, and a 35-year term and amortization for refinanced transactions, conventional loans most typically offer 10-year loans that are amortized over periods of 20 to 25 years with renewal options that may be negotiated later.
The government announced a new round of household debt management measures that focus on reducing risks in loan agreement, such as extending the portion of amortized loans and strictly enforcing the ability-to-repay rule.
And there are other lending products such as Fannie Mae and FHA, which allow 25-35 year fully amortized loans. Lending firms can offer and suggest products such as portfolio loans' bridge loans, mezzanine loans, conduit loans and government programs, such as Fannie Mac, Freddie Mac and FHA/HUD loans, that will accommodate the borrower's individual needs and circumstances.