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Loan Commitment

   Also found in: Financial 0.01 sec.

Commitment to a borrower by a lending institution that it will loan a specific amount at a certain rate on a particular piece of real estate. Such commitment is usually limited to a specified time period (e.g., four months), which is commonly based on the estimated time that it will take the borrower to construct or purchase the home contemplated by the loan.
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Semon STURBRIDGE - The Board of Selectmen this week accepted a nearly $20 million loan commitment for the wastewater treatment plant and awarded a contract for more than $3 million for Well No.
Board OKs $19.9M wastewater plant loan by Telegram & Gazette (Worcester, MA)
Wildauer said ACC, the new vehicle, was formed to accommodate the increased deal flow and to handle loan commitments up to $250 million.
Apollo adds $309m to debt investment fund by Real Estate Weekly
The third aspect involves the development of what is known as a loan commitment table as well.
The Development of the Loan Scorecard by Sam Miller / Business community
 
 
 
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