take-out lender Definition | Business Dictionaries from AllBusiness.com
Facebook Twitter Google+ You Tube RSS Feed
data-override-format="true" data-page-url = "http://www.allbusiness.com">

Business Glossary


Business Definition for: take-out lender
take-out lender

financial institution that extends a long-term mortgage on real property that replaces the interim financing, or construction loan arranged by a savings and loan, bank, or mortgage banker. The institution extending the long-term loan, or permanent financing, is often an insurance company or institutional investor willing to make a long-term investment in income producing property, realizing a capital gain from the eventual sale of the property, in addition to cash flow from rental payments by property tenants.

Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.


Weekly Roundup

Sign up for our weekly Experts roundup, delivered to your inbox each Saturday morning.

Most Recent From our Experts

AllBusiness Experts

AllBusiness Greatest Hits


Real Business Owners, Real Business Advice!

Sign up for practical, real-world solutions from successful business owners delivered to your inbox each Saturday morning. FREE.