fully amortizing loan

fully amortizing loan

A loan calling for periodic payments that include some amount of interest and some amount of principal reduction,such that,at the end of the loan term,the entire principal amount of the loan plus all accrued interest will have been paid in full.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
CCP purchased the assets for approximately USD 190m and made a USD 20m five-year, fully amortizing loan to SCC, resulting in a total transaction value of USD 210m.
Care Capital Properties Inc (NYSE:CCP) disclosed on Wednesday that it acquired eight skilled nursing facilities and one assisted living facility in Shreveport, Louisiana, for about USD190m and a USD20m five-year, fully amortizing loan to Senior Care Centers LLC (SCC), resulting in a total transaction value of USD210m.
Therefore, any loan with an LTV greater than 60 percent could be insured by mortgage guaranty insurance down to 60 percent; however, a fully amortizing loan with a term of fifteen years or less and an LTV greater than 80 percent could be insured by mortgage guaranty insurance down to 70 percent.
After taking financing requests to Newmark's correspondents, as well as direct lenders, Lincoln Financial Group, Philadelphia, had the lowest rate and met the borrower's preference for a 25-year, fully amortizing loan, Berg said.
The "A" piece is a $4,961,376 30-year, fully amortizing loan that carries a fixed-note rate of 6.18 percent.
The fully amortizing loan has had stable performance since issuance, with year-end 2017 debt service coverage ratio reporting at 2.18x.
Under the agreement, CCP acquired the assets for USD190m plus a USD20m five-year, fully amortizing loan to SCC, resulting in a total transaction value of USD210m.
* A similar 30-year, fixed-rate, fully amortizing loan;
The 25-year, fully amortizing loan is being financed at the rate of 7.95% and is insured by the Residential Mortgage Insurance Corporation (REMIC).