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  2. Gap financing - Wikipedia

    en.wikipedia.org/wiki/Gap_financing

    However, the promissory note for the gap loan should be predicated on the possibility that the rent-roll requirement may not be met, and the terms should include a period of four to five years beyond the rent-roll requirement period, with a high enough interest rate to prompt the developer to refinance whenever it becomes feasible to do so.

  3. Promissory note - Wikipedia

    en.wikipedia.org/wiki/Promissory_note

    A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest. A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or ...

  4. Loan agreement - Wikipedia

    en.wikipedia.org/wiki/Loan_agreement

    Loan agreements are documented via their commitment letters, agreements that reflect the understandings reached between the involved parties, a promissory note, and a collateral agreement (such as a mortgage or a personal guarantee). Loan agreements offered by regulated banks are different from those that are offered by finance companies in ...

  5. Mortgage note: What is it and how does it work? - AOL

    www.aol.com/finance/mortgage-note-does-211132255...

    A mortgage note comes with a promissory note, which is the borrower's promise to repay the loan. ... are valid until the borrower pays off the mortgage and owns the property free and clear. Show ...

  6. Negotiable instrument - Wikipedia

    en.wikipedia.org/wiki/Negotiable_instrument

    According to section 4 of India's Negotiable Instruments Act, 1881, "a Promissory Note is a writing (not being a bank note or currency note), containing an unconditional undertaking, signed by the maker to pay a certain sum of money only to or to the order of a certain person or the bearer of the instrument". [14]

  7. Is It Better to Rent Month-to-Month or Sign a Year-Long Lease?

    www.aol.com/better-rent-month-month-sign...

    One of the tradeoffs for signing a 12-month lease over a month-to-month agreement is renters are legally obligated to honor the terms of their leases. Pinnegar said renters who break leases may be ...

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