Take Out Commitment
Agreement by a lender to place a long term (take out) loan on real property after completion of construction.
More Real Estate Definitons
Water LevelMasonry WallMedian StripAtticArrearsFloor JoistHaciendaName ChangeX-BracingKilowatt HoursEndorsementSublettingNull And VoidBillboardEISInside LotDefendantYard LumberPyramid RoofKnock DownWorking DrawingHomogeneousQuestion Of LawMantelBlind NailingValley FlashingMoratoriumGridHeartwoodYieldGrowing CropL.S.IrrevocableUtilityJalousiesVoltageOpen Space LandJoint TenantsSinking FundMiterQuadrangleParging