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