Sentences with phrase «borrower on this particular property»
The borrower on this particular property...
https://www.veristonecapital.com/ Not exact matches
The reason: As lenders, the maximum amount we may lend — depending on the loan program chosen by the borrower and the terms / conditions of that particular loan program — is the value of the property itself.
A mortgage is simply a particular kind of term loan — one secured by real property — and in a term loan, the borrower pays interest calculated on an annual basis against the outstanding balance of the loan.
The firm's particular experience includes advising developers on the need for / validity of existing planning permission and conditionality of contract to acquire land subject to planning permission; advising occupiers on the validity of the planning permission for the commercial premises they are intending to lease; advising funders on the validity of the planning permission upon which their borrowers are seeking to rely; and advising individuals on the validity of planning permission for property they are buying and on objecting to neighbours» applications for planning permission.
Another income opportunity is presented when online loan origination systems offer to pay brokers for services rendered, such as giving consumers information about various loan products, prequalifying prospective borrowers, and helping borrowers choose a loan product for a particular property by providing information on rates and terms.
It is very rare that banks and other institutional lenders are willing to allow borrowers to increase their loan amount (or take out a new loan from the property's equity) on commercial property unless all of the new funds will be used to improve that particular property.