Sentences with phrase «existing permanent financing»
The owner of two assisted living communities wasn't in the mood to settle for second - best when it worked with Ziegler to refinance its existing permanent financing and receive a lower interest rate.
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Understanding that our options for a reformed housing finance system is not constrained to a single model, and that a permanent source of private capital can be available under these different constructs, allows policymakers and stakeholders to examine the best system for addressing the concerns / flaws that exist today and how to make a more effective and efficient system in the future.
FHA 203K Loans When a homebuyer wants to purchase or refinance a house in need of repair or modernization, the borrower usually has to obtain financing first to purchase the dwelling or financing to take out any existing liens should they already own it; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgage.
«The financing included a non-recourse permanent loan that paid off the existing construction loan and enabled the developer to take interest rate risk off the table for the portion of the project that is complete and stabilized,» said Lucent Senior Vice President Ethan Schelin who arranged the financing.
A bridge loan is a short - term loan used until a person or company secures permanent financing or removes an existing obligation.
For example, the legislation spells out an exclusion that loans to acquire or improve an existing property — where the property is performing and the loan would otherwise meet the bank's underwriting standards for permanent financing — would not be defined as HVCRE.