takeout commitments

takeout commitments: Legally binding commitments made by end lenders to construction lenders. The end, or permanent, lender commits to providing financing to the property owner that will pay off the construction loan. End lenders may be banks, insurance companies, pension funds, or others. Also see permanent lender

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permanent lender — A lender, which may be a financial institution, an insurance company, or a pension fund, that finances real estate projects after construction is completed. Also called end lender. See takeout commitments. American Banker Glossary … Financial and business terms
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Environmental issues in the United States — As with many other countries there are a number of environmental issues in the United States. Topical issues include the Arctic Refuge drilling controversy and the Bush Administration stance on climate change.IssuesClimate changeThe United States … Wikipedia

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