Take-Out Loan Definition - InvestopediaTake-Out Loan Definition - InvestopediaTAKE STH OUT | meaning in the Cambridge English DictionaryTake out - Idioms by The Free Dictionary11/06/2021 · To secure something, as a loan, from a financial institution: Let's take out a loan and buy that car. I took a mortgage out on my Take-Out Loan. means any Mortgage Loan made for the purpose of paying a construction period loan, bridge loan or similar temporary initial financing which qualifies as such pursuant to the Program Guidelines and which shall be deemed to be a Mortgage Loan to finance the purchase of a take-out loan provides a long-term mortgage or loan on a property that "takes out" an existing loan. The take-out loan will replace interim financing, such as replacing a construction loan with

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