Allocable Facility Amount
For a Credit FacilityCredit FacilityStructured Transaction governed by a Master Credit Facility Agreement requiring Mortgage Loans and Properties to be cross-defaulted, and cross-collateralized. , the amount of debt allocated to a given PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). , used in calculating tests for collateral activity such as releases, substitutions, and additions.
Allocable Facility Amounts