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Industrial architecture is the design and construction of buildings facilitating the needs of the industrial sector. The architecture revolving around the industrial world uses a variety of building designs and styles to consider the safe flow, distribution and production of goods and labor. [ 1 ]
Multiple Advance, Closed End: This type of loan (typically a construction loan) advances incremental amounts up to a certain limit, based upon some criteria such as inspection and approval of a draw request. Any principal reductions received during the loan period are not available to be drawn on, but rather have paid down the loan balance.
A revolving door typically consists of three or four doors that hang on a central shaft and rotate around a vertical axis within a cylindrical enclosure. To use a revolving door, a person enters the enclosure between two of the doors and then moves continuously to the desired exit while keeping pace with the doors.
Duke Realty's (DRE) amended and restatement of unsecured revolving credit facility allows the industrial REIT to lower its borrowing costs and offers sustainability-linked pricing incentive.
A revolving credit line allows borrowers to draw down, repay and reborrow as often as necessary. The facility acts much like a corporate credit card, except that borrowers are charged an annual commitment fee on unused amounts, which drives up the overall cost of borrowing (the facility fee).
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The term of a HELOC is split in two distinct periods. During the “draw period”, the customer can use their HELOC like a revolving facility. Draw periods typically last 10 years. [5] During this time, the borrower can drawdown funds, repay and redraw again as many times as they wish, only paying interest on their outstanding balance.
Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Credit cards are an example of revolving credit used by consumers. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations.