Sentences with phrase «first lien»

The loans you invest in are secured by first liens on real estate properties.

Lines over $ 250,000 in first lien position may require title insurance.

These notes are secured by first liens on commercial and investment real estate.

The existing first lien may include the interest charged by the servicing lender, when the payoff is not received by the first of the month, but may not include any delinquent interest.

30 - year term only available for first liens.

Its investment portfolio consists of senior secured first lien loans and senior secured second lien loans.

Third quarter highlights included: — 6.6 million upside - down borrowers hold first liens without home equity loans.

We invest in countries around the world at all levels of the capital structure — from debt (first lien bank debt, second lien loans and high yield bonds) to undervalued equity.

No surprise; shouldn't we have expected second liens to have come under stress, when first liens are so stressed?

Our business has grown, and we now favor first liens to second liens.

To receive the U.S. Bank Customer Credit, a U.S. Bank Personal Checking Package must be established prior to final loan approval, or must have an existing first lien mortgage with U.S. Bank.

This loan must be securitized in first lien position on either residential, multi-family, or commercial real estate; we do not extend commercial loans for raw land purchases.

While proceeds from a Caesars Interactive online games unit sale will help the bankruptcy estate, junior creditors may still object to the distribution of the funds because more money will end up in the hands of first lien banks and lenders.

HARP 2.0 is meant for first liens only.

Efficiently prepared requirements for transferred clean title and insured first lien position, by verifying title commitments and tax certifications for accuracy, outstanding liens, and exceptions to the title commitments.

Licensed by the Indiana Department of Financial Institutions, [phone] Indiana DFI First Lien Mortgage Lending License # 22831

«The bank partners with you,» Castellanos explains, «but they need to be protected and confident that they have a valid first lien against the property, so they require this insurance.»

One of New York City - based Monticello Asset Management «s investment vehicles originated $ 8.03 million in first lien debt on behalf of the new owner of a 140 - bed skilled nursing facility in New York.

To avoid PMI, your LTV typically needs to be 80 % or less, but PMI applies only to first liens so if your home equity line of credit is a second lien against your house, you shouldn't have to worry about paying PMI.

The Residential Mortgage Banking segment directly originates primarily first lien residential mortgage loans on a nationwide basis with a significant presence within the retail banking footprint, and also originates loans through majority and minority owned affiliates.

The benefit is your first in the capital stack (assuming first lien) and if you do get the property and you did your underwriting properly your basis could be 65 cents to 75 cents on the dollar (or less) which provides some protection.

Credit Suisse, Canadian counsel for the administrative and collateral agent in connection with advice on loan agreements, Canadian security documents and title insurance matters surrounding a US$ 226.5 million first lien credit agreement.

Capmark Financial Group plans to use a portion of the cash it received from the transaction to fully redeem all of its outstanding floating rate first lien extendible B notes due 2015.

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.

«In many cases, for borrowers who continue to itemize deductions, carrying high - first lien unpaid principal balances and are taking out low dollar lines of credit, the post-tax-reform math still favors HELOCs,» Black Knight reported.

We have seen owners use a second mortgage to keep a desirable first lien intact while cashing out equity to use for other purposes, such as college tuition.

First lien up to 60 months lowest rate is 3.50 % ($ 18.20 per thousand) and highest rate up to 240 months is 6.00 % APR ($ 7.18 per thousand).

These are first lien deals, meaning PeerStreet investors are paid first if in the event of delinquency.

For example - first lien + second lien / appraised value = LTV, or loan amount / purchase price of property = LTV.

BND requires first lien position on real estate, equipment and other security as may be appropriate.

At the time, the equity owner of the building called me, and made me a lowball estimate to pay off the loan, a few months before it would spring to first lien status.

I assume that it has to be AAA at every agency rating the bonds, first lien collateral, Prime or Jumbo collateral in order to be consistent with the intent of the document, but that is not explicitly defined.

A Senior Loan is senior to all unsecured claims against the borrower and senior or equal to all other secured claims, meaning that, in the event of a bankruptcy, the Senior Loan, together with other first lien claims, is entitled to be the first to be repaid out of proceeds of the assets securing the loans, before other existing claims or interests receive repayment

The hang - up for many short sellers has been second liens, but the new government program gives first lien holders incentives to share and offers second lien holders and investors a $ 6,000 cash incentive.

-- CalHFA — first lien Conventional or FHA program.

California Hard Money Direct makes first lien mortgage loans and second lien mortgage loans in California Only.

You would move your 7 % first lien money to your 1 % HELOC and rake in the cash in the form of reduced borrowing costs.

PSECU must be first lien holder.

This loan must be securitized in first lien position on either residential, multi-family, or commercial real estate; we do not extend bridge loans for land purchases.

Your APR will be between 4.99 % and 8.84 % for a loan in first lien position and between 4.99 % and 11.49 % for a loan in second lien position.

Hybrid is the lender under an approximately $ 170 million loan secured by first liens on substantially all of Fisker Automotive's assets.

We took an alternative approach to underwriting, factoring market rents of the modular units as well as the borrowers compensating factors to derive additional qualifying income and facilitated a new first lien of $ 155,000.

It's for first liens only.

They are present in many industries and aim mainly for first lien debts (source):