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 ?
Also, the AIIB's lending rates are 'almost the same as the World Bank's-so on a project loan side, if you have a cheaper alternative, why proceed?' Joven added.
Eskom: in line with its focus on supporting clean energy in South Africa, the NDB will provide a $480 million project loan to Eskom for environmental protection project for Medupi Thermal Power Plant (TPP).
The approved loans include RMB400m five-year fixed-assets capital project loan, and RMB50m working capital loan.
PHNOM PENH: The ADB reached three project loan agreements with Cambodian government to provide support for road network improvement, provincial water supply and sanitation, and smallholder farmers development in Tonle Sap.
has acquired interests in the two wind projects that comprise the 324 megawatt (MW) Broadview Wind power facilities (Broadview) and associated independent 35-mile 345 kV Western Interconnect transmission line (Western Interconnect) from Pattern Energy Group LP (Pattern Development 1.0) 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.
Following the meeting, Al-Bassam said he conveyed to the President the greetings of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud, noting that his visit to Mauritania is to follow-up the progress of SDF's projects in Mauritania, signing an agricultural project loan agreement worth $34 million and reviewing a study on the aspects of cooperation between SDF and Mauritania.
That court action was taken by an affiliate of The Broe Group of Denver after buying the original project loan from Metropolitan.
US Geothermal also said it expected to close a 25-year project loan to repay the construction loan provided by the EPC contractor during the fourth quarter of 2012.
On the 10th of November 2011 Mutiny announced that it had secured a milestone Project Loan and hedging facility with leading global investment bank, Credit Suisse for the Company's Deflector Gold Copper Project Definitive Feasibility Study as well as funding to complete the acquisition of its flagship Gullewa Project.
Since the syndicated loan is a project loan and a policy loan, most of the member banks of the consortium are banks with major government stakes.