Floor loan
Encyclopedia
Floor loan is mostly associated with mortgage
and property loans.
It is the minimum amount of money a lender is willing to provide on a commercial loan
for a building
that is to be tenant
-occupied. This loan is progressively funded as the building is constructed and occupied.
Mortgage loan
A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan...
and property loans.
It is the minimum amount of money a lender is willing to provide on a commercial loan
Loan
A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower....
for a building
Building
In architecture, construction, engineering, real estate development and technology the word building may refer to one of the following:...
that is to be tenant
Leasehold estate
A leasehold estate is an ownership of a temporary right to land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or landlord....
-occupied. This loan is progressively funded as the building is constructed and occupied.