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hangout - that portion of a loan term which exceeds the term of the lease on the property. For example, if a lender makes a $10,000,000 15-year loan on an office building in which the sole tenant has signed a 10-year lease, the remaining five years of the loan would be a hangout.
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© 2004 Bella Vista Publishing Company, Inc. ISBN 0-9718225-0-6
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