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 take-out loan is any type of long-term financing commonly used to buy or extract value from real property. A long-term mortgage on a commercial real estate purchase is a type of take-out loan Take-Out Commitment An agreement by a financial institution or another investor to make a long-term loan at a certain, stated date in the future. A take-out commitment may be made in construction or other projects when short-term financing is initially beneficial but the borrower anticipates long-term financing to become more advantageous at a later ;· [VERB PARTICLE noun] 2. phrasal verb If you take out something such as a loan, a licence, or an insurance policy, you obtain it by fulfilling the conditions and paying the money that is necessary. They find a house, agree a price, and take out a mortgage through their building loan Definition | out definition and meaning | Collins English DictionaryTake-Out Loan Definition - InvestopediaTake-Out Loan Definition - InvestopediaDefine take out. take out synonyms, take out pronunciation, take out translation, English dictionary definition of take out. v. took, tak·en, tak·ing, takes v. tr. 1. To get into one's hands, control, or possession, especially: a. Related to take out: take out a loan.

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