Definition of "Floor loan"

Debbie Dunbar real estate agent
Debbie Dunbar, Real Estate Agent Realty Partners

A minimum amount a lender is willing to provide on a commercial loan for a building designed to be tenant occupied. A floor loan is progressively funded as the building moves from the initial construction stage of occupancy. At its inception, a floor loan may fund up to 75% of the principal amount of the total loan and then provide additional portions of the principal as the building is constructed.

 

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