PREIT, CBL & Associates Properties, Macerich, Glimcher Realty Trust and Equity One have all recently been able to refinance lines of credit or
mortgages on existing properties.
When market conditions are healthy — like they generally have been over the past 30 months — they can relatively quickly raise debt through the issuance of notes, which they can use to pay off
mortgages on their existing properties, providing them with added financial flexibility to sell or refinance.
Not exact matches
Pay off an
existing mortgage on a business or commercial investment
property, including potential cash - out opportunities.
If you default they can eventually foreclose
on the
property and sell it, paying off the
existing mortgage in the proceeds.
In case you default they could eventually foreclose
on the
property and sell it, paying off the
existing mortgage in the proceeds.
If you default they could still foreclose
on the
property and sell it, paying off the
existing mortgage with the proceeds.
In case you default they can eventually foreclose
on the
property and sell it, paying down the
existing mortgage in the proceeds.
If you default they could still foreclose
on the
property and sell it, paying off the
existing mortgage in the proceeds.
Lenders first use reverse
mortgage loan proceeds to pay off
existing mortgages and liens
on the
property, after which borrowers may use the rest of the funds in almost any way they wish.
Private lenders focus
on the market value and
existing debts
on a
property when deciding whether or not to approve a
mortgage application.
In case you default they can eventually foreclose
on the
property and sell it, paying off the
existing mortgage in the proceeds.
If you default they could eventually foreclose
on the
property and sell it, settling the
existing mortgage in the proceeds.
If you default they could eventually foreclose
on the
property and sell it, paying off the
existing mortgage in the proceeds.
If you default they can still foreclose
on the
property and sell it, paying off the
existing mortgage in the proceeds.
LTV
on a
property is calculated by dividing the total of
existing mortgages by the market value of a house.
In case you default they could eventually foreclose
on the
property and sell it, paying down the
existing mortgage in the proceeds.
Refinance — Acquiring a new
mortgage on a
property to replace an
existing mortgage and to secure a lower interest rate.
If you default they can still foreclose
on the
property and sell it, paying down the
existing mortgage in the proceeds.
In case you default they could still foreclose
on the
property and sell it, settling the
existing mortgage in the proceeds.
If you default they could eventually foreclose
on the
property and sell it, paying off the
existing mortgage with the proceeds.
In case you default they can still foreclose
on the
property and sell it, paying down the
existing mortgage with the proceeds.
These lenders consider the
existing mortgages on the
property and they do not give a
mortgage if your
property has too much debt.
This type is only placed
on properties without
existing mortgages.
When you first obtained a
mortgage you needed to fill out an application, verify your income, obtain a credit check, verify the status of the
existing mortgage, verify the
property title and get an appraisal (depending
on the loan to value this may just be a drive by appraisal) among other things.
When a homeowner is making monthly
mortgage payments
on an
existing property it includes a combination of principle, interest and escrow.
Private lenders are keen about market value and
existing debts
on a
property when deciding whether to approve
mortgage applications.
Second
mortgages are placed
on properties with
existing first
mortgages.
A second
mortgage is a
mortgage that is placed
on a
property with an
existing mortgage.
If you default they could eventually foreclose
on the
property and sell it, paying down the
existing mortgage in the proceeds.
In case you default they could eventually foreclose
on the
property and sell it, paying down the
existing mortgage with the proceeds.
If a lender sees a very high amount of
existing debt in a
property they will not agree to put a
mortgage on a
property.
This is because he might find it much easier to carry out a transaction
on an established
property that has already been verified by a lender once (because it has an
existing mortgage on it).
A second
mortgage is an additional
mortgage that is placed
on a
property with an
existing first
mortgage.
If you default they could still foreclose
on the
property and sell it, paying down the
existing mortgage in the proceeds.
In case you default they could eventually foreclose
on the
property and sell it, settling the
existing mortgage in the proceeds.
If you default they can eventually foreclose
on the
property and sell it, paying down the
existing mortgage with the proceeds.
In case you default they can still foreclose
on the
property and sell it, paying off the
existing mortgage in the proceeds.
If you default they can still foreclose
on the
property and sell it, settling the
existing mortgage in the proceeds.
If you default they can eventually foreclose
on the
property and sell it, settling the
existing mortgage with the proceeds.
If you default they can eventually foreclose
on the
property and sell it, paying down the
existing mortgage in the proceeds.
If you default they can eventually foreclose
on the
property and sell it, paying off the
existing mortgage with the proceeds.
In case you default they can eventually foreclose
on the
property and sell it, settling the
existing mortgage with the proceeds.
In case you default they can eventually foreclose
on the
property and sell it, paying down the
existing mortgage with the proceeds.
Private lenders of bad credit
mortgages will look at
existing debts
on a
property as opposed to credit score.
Applicants must carry Hazard Insurance to adequately cover all
existing loans or
mortgages on the
property, including the deferred loan, for the duration of the loan.
If you default they could still foreclose
on the
property and sell it, paying down the
existing mortgage with the proceeds.
In case you default they can still foreclose
on the
property and sell it, paying down the
existing mortgage in the proceeds.
If you default they could still foreclose
on the
property and sell it, settling the
existing mortgage with the proceeds.
In case you default they could still foreclose
on the
property and sell it, paying down the
existing mortgage with the proceeds.
In case you default they can still foreclose
on the
property and sell it, settling the
existing mortgage with the proceeds.