Purpose Investment
Investment property acquired to carry out the purpose of a governmental program for which the bonds are issued (i.e., conduit loans, mortgage notes, mortgage-backed securities and student loan obligations).
Purpose Investments that meet certain rules set forth in Treasury Regulations Section 1.148-1(b).
See Also
Investment property acquired to carry out the purpose of a governmental program for which the bonds are issued (i.e., conduit loans, mortgage notes, mortgage-backed securities and student loan obligations).
An attorney or firm of attorneys serving as counsel to the borrower in connection with a conduit financing.