Definitions for "floor loan"
A minimum amount that a lender is willing to loan.
Amount of money a lender will provide as a basis for a loan until such time as cash flow on a property will justify an increase. The maximum amount would be the ceiling.
The portion of a mortgage loan that the lender agrees to advance without regard to the fulfillment of project leasing requirements. For example, a floor loan equaling 80 percent of the full amount may be funded upon completion of construction without occupancy requirements but substantial occupancy of the building may be required for funding the full amount of the loan.