Sentences with phrase «backed first lien»
NCCM provides real estate backed first lien bridge loans on operating properties where the borrower or the property does not meet traditional commercial banking lending standards due to extenuating circumstances such as tenant vacancy or prior bankruptcy.
http://www.newquestcrosswell.com/ Not exact matches
He is responsible for the oversight of PNCBC's specialty lending products comprising Steel City Capital Funding, a provider of cash flow and 2nd lien financing; PNC Technology Finance which leverages the recurring revenue of sponsor backed software companies; and the Cerberus PNC Senior Loan Fund LLC, a provider of large first out cash flow financings.
1) The Piggy - Back (a.k.a.: Concurrent Lien, First and Second Combo) Borrowers purchasing a home, are able to use a «piggy - back» their first mortgage in with a second mortgage to give them additional flexibility in the formation of their repayment pBack (a.k.a.: Concurrent Lien, First and Second Combo) Borrowers purchasing a home, are able to use a «piggy - back» their first mortgage in with a second mortgage to give them additional flexibility in the formation of their repayment First and Second Combo) Borrowers purchasing a home, are able to use a «piggy - back» their first mortgage in with a second mortgage to give them additional flexibility in the formation of their repayment pback» their first mortgage in with a second mortgage to give them additional flexibility in the formation of their repayment first mortgage in with a second mortgage to give them additional flexibility in the formation of their repayment plan.
The piggy - back allows buyers to take a conventional first mortgage with favorable terms, while concurrently giving them a second lien that provides them with cash ready for use.
If a lien is placed on your property it can't be sold without paying back the IRS first and it is automatically recorded on your credit report.
* Under certain conditions explained below, FHA will insure first mortgages where (1) the existing note holder writes off the amount of indebtedness that can not be refinanced into the FHA insured mortgage; or (2) either the FHA approved lender making the new mortgage or the existing note holder may take back a second lien that includes closing costs, arrearages or previous secondary financing if the indebtedness exceeds FHA prescribed LTV and maximum mortgage amount limits.
The piggy - back allows buyers to take a conventional first mortgage with favorable terms, while concurrently giving them a second lien that provides them cash ready for use.
The lender who pays the pax in exchange for the lien would be in a senior position on the btitle (senior to the first mortgage) and would enter into an agreement with the property owner to pay back the loan, at interest of up to 18 %.
The Fresh Start Initiative's first major change to IRS tax laws was upping the minimum threshold amount of back taxes US citizens had to owe before they'd be hit with an IRS Tax Lien.
She cited two examples in which the contractual rights of first - lien holders have been trampled on in the aftermath of the mortgage meltdown: in the federal government's mortgage modification program, the Home Affordable Refinance Program, which she says modifies troubled mortgages on the backs of the first - lien holders, and in the national mortgage settlement, structured by state attorneys general in the aftermath of widespread foreclosure irregularities by the big banks.
Amid this dual - track reality of the current investing environment, first - lien lending backed by transitional properties potentially presents an attractive risk - reward opportunity.
If you pay $ 3000 on your first lien HELOC on the first, then borrow back $ 1500 of it to pay your bills on the 15th.
Specifically with commercial real estate investments, the loans are typically of a shorter duration, higher interest and return, and are backed not only with a first lien on the property, but the added advantage of the income - producing nature of the property itself.
That's because if the buyer defaults on the first lien, you would be responsible for making up all back payments on both mortgages, plus all future payments until the primary mortgage holder forecloses.