Project Loan

Project Loan

A mortgage loan guaranteed by the Federal Housing Administration or another branch of the Department of Housing and Urban Development. Project loans are usually used to finance a large-scale building that provides some public benefit. Examples of uses for project loans include nursing homes, hospitals, and public housing.
References in periodicals archive ?
0) for $269 million, consisting of cash consideration of $215 million and an assumed project loan of $54 million.
Reportedly, this new bank loan will be pari passu with Endomines' existing Project Loan with Nordea.
That court action was taken by an affiliate of The Broe Group of Denver after buying the original project loan from Metropolitan.
5 January 2012 - China Development Bank has agreed to provide LDK Solar Co Ltd (NYSE:LDK) with a 15-year project loan, the Chinese solar wafer maker said on Wednesday.
Perth, Australia, Nov 10, 2011 - (ABN Newswire) - Mutiny secures project loan and hedging facility with Credit Suisse Western Australian gold explorer and developer, Mutiny Gold Ltd (ASX:MYG) ("Mutiny" or "the Company") are pleased to advise that the Company has executed a binding project loan and hedging facility agreement with leading global investment bank, Credit Suisse ("CS").
The rehabilitation project loan, totalling $123 million was approved in 2005 and it was completed in early 2010.
Schultz stated that the programme has been chosen as a Master Service for the commercial project loan guarantee programme.
However, Iran hinted that the project loan would be utilized mainly for energy related and infrastructure development projects.
Julietta mine development cost, estimated at $45M, was financed by a $10M equity contribution from Bema, a $25M project loan from Hypo Vereinsbank AG and Standard Bank Ltd.
The Jakarta Post, an English-language daily, quoted Hidayat as saying the government is asking the World Bank to drop the 1% advance fee Indonesia has to pay when it signs a new project loan with the bank.
Lender providing related Loan for the Amusement Park Project, while National Investment Bank (NIB) of Ghana is to provide Guarantee in support of the Project Loan.
The total funding includes a budget assistance loan worth $300 million, a loan to construct the North-South highway ($150 million) and an irrigation project loan ($40 million).