acquisition loan

acquisition loan

A loan made to acquire a property, also called a purchase money loan. In bankruptcy law,acquisition lenders receive some special priorities and benefits not granted to other creditors.

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* A $3.75 million acquisition loan for the purchase of a 23,536 s/f site in Queens currently leased to two retail tenants.
Barings Multifamily Capital has announced it has closed a USD 10,906,284 refinance loan on Alabama-based Flats on 4th and a USD 33,576,000 acquisition loan on The Modern at Providence, the company said.
Gorjian, commercial real estate financial advisory and mortgage origination firm Uber Capital Group, LLC has sourced a $9.2 million debt refinancing of the acquisition loan for the purchase of the Wenatchee Valley Mall.
The HFF team worked on behalf of the borrower, City Office REIT, to secure the 10-year, fixed-rate acquisition loan through one of its life insurance company lenders.
US-based capital provider Red Capital Group, LLC's Red Capital Partners, LLC proprietary debt and equity banking recently completed a USD 12.7m balance sheet acquisition loan to Birchwood Health Care Properties for the acquisition of four skilled nursing facilities in Oklahoma, the company said.
An $8 billion acquisition loan would be the largest Gulf merger and acquisition loan in six years.
JP Morgan could easily underwrite an acquisition loan, alone or with the support of one or two banks, they said.
In order to facilitate completion of the Libyan acquisition, the company's management has agreed to terms on an acquisition loan facility for up to $10 million.
404(k), generally, they can deduct cash dividends used to make payments on an ESOP acquisition loan, or paid in cash directly to an ESOP participant or as payments to the ESOP and then distributed to participants.
GREENWICH, CONNECTICUT-BASED STAR wood Capital Group LLC has secured a $155-million acquisition loan from Greenwich, Connecticut-based RBS Greenwich Capital's Real Estate Finance Group to purchase an office complex in the Golden Triangle section of Washington, D.C.'s central business district (CBD).
If a company decides not to continue its ESOP after the acquisition loan is repaid and shares are allocated to participants, it can terminate the plan.
Lenders prefer to make an acquisition loan with at least 12 months of stabilized operating statements.
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