Sentences with phrase «new bridge loan»

Montegra can offer them an increase of the loan principle to 65 % of the current property value, and the borrower can then use the additional cash from the new bridge loan for other investment purposes.

Envoy finances Walgreens store in Chicago through new bridge loan program.

Not exact matches

The bridge loan can be used for the down payment on the purchase of the new property and perhaps to pay off the remaining mortgage on the old property.

You can use a bridge loan (or hard money loan) to make the down payment and monthly payments on the new property until you can arrange long - term financing.

In much the same way most people would never purchase a new car with a 30 - year loan, purchasing quick - turnaround inventory, bridging a seasonal cash flow gap, or ramping up to fulfill the needs of a new contract might be better suited for a short - term loan.

In connection with the Offer, in August 2011, HP entered into a new # 5 billion ($ 8.2 billion) 364 - day unsecured bridge term loan agreement (the «Bridge Facility&rabridge term loan agreement (the «Bridge Facility&raBridge Facility»).

In another scenario, the bridge loan is only used as down payment for the new house.

Bridge loans may be used by individuals who are buying a new house before selling their old house.

For consumers, bridge loans are commonly used to «bridge» the period between buying a new house and selling the old one.

The Spanish giants lost a whole host of big names from their squad last summer as well, with Chelsea again benefitting as they brought in Diego Costa and Filipe Luis, while Thibaut Courtois also returned to Stamford Bridge after three years on loan at the Vicente Calderon, making him almost like a new signing as well.

Mourinho has left the door open for midfielder Frank Lampard, 36, to return to Chelsea in some capacity and believes his time on loan Manchester City from MLS side New York City will not harm his legacy at Stamford Bridge --(GetWestLondon)

It's claimed in the report that Chelsea may be willing to loan the 20 - year - old out again, while Dominic Solanke is another youngster at Stamford Bridge that Rodgers has his eye on as part of a busy summer of recruiting new faces at Celtic.

The Nigerian seems unlikely to be part of Jose Mourinho's first - team plans at Stamford Bridge this season due to the arrival of so many new players in that position, including Willian, Andre Schurrle and the return from loan of Kevin De Bruyne.

West Ham United have completed the signing of Chelsea winger Victor Moses on loan, though the Nigerian has also signed a new contract at Stamford Bridge.

Although the season started in Chelsea jersey, the 20 - year - old great Belgian footballer Romelu Lukaku again left Stamford Bridge and went to a new loan...

In June, Reinvent Albany joined a coalition of environmental and sustainable transportation advocacy groups who oppose using $ 511m in state and federal clean water loans for construction of the new Tappan Zee Bridge.

The New York Times, for example, reported that Cuomo plans to fund the new Tappan Zee Bridge with $ 3 billion in bonds backed by toll revenue and $ 2.2 billion with loans from union pension funds and the federal governmeNew York Times, for example, reported that Cuomo plans to fund the new Tappan Zee Bridge with $ 3 billion in bonds backed by toll revenue and $ 2.2 billion with loans from union pension funds and the federal governmenew Tappan Zee Bridge with $ 3 billion in bonds backed by toll revenue and $ 2.2 billion with loans from union pension funds and the federal government.

The Expos will also include information about State - sponsored financial and technical assistance programs, including the New York State Surety Bond Assistance Program, «Bridge to Success» Loan Program, and BusinessMentorNY.

Tensions between the Obama and Cuomo administrations date back to June, 2014, when Enck put the brakes on Cuomo's plan to use $ 500 million from a revolving loan fund devoted to clean water projects for the construction of the new Tappan Zee bridge.

In a blow to the Cuomo administration — and a big win for the environmental community — the EPA has rejected almost all of the controversial funding approved by the Environmental Facilities Corp. for projects related to building a new Tappan Zee Bridge, deeming them ineligble for funding from revolving loan fund intended to pay for clean water initiatives.

The Cuomo administration has downplayed the significance of the loan behind denied by federal regulators, saying it was not contingent on the completion of the new bridge.

Japan today announced the restoration of its YEN loan portfolio to Ghana, with the approval of a proposal for the construction of a new bridge across the Volta River as part of the Eastern Corridor Road Development Project.

An independent review board has found fault with the Cuomo administration's attempts to convert a federal clean water fund loan into construction work for the New York State Thruway's Tappan Zee Bridge.

US Transportation Secretary Anthony Foxx said his department is conducting a creditworthiness review of New York's federal loan request to help finance a third of the cost of a new Tappan Zee BridNew York's federal loan request to help finance a third of the cost of a new Tappan Zee Bridnew Tappan Zee Bridge.

Afterward, Senator DeFrancisco, who took credit for getting the loan cut in two until next year, says the lack of public information on the project is really about Governor Cuomo and his aides hiding the inevitable news that the new bridge will cause Thruway tolls to rise.

Now it plans to ask the city Comptroller's Office to retroactively approve contracts with the vendors so taxpayer money can repay the Fund for the City of New York for its bridge loans.

A scathing report from the state's watchdog Authorities Budget Office details how the EFC skirted its responsibilities in considering a $ 511 million loan to the Thruway Authority to help finance the $ 3.9 billion New NY Bridge, as the new span is callNew NY Bridge, as the new span is callnew span is called.

This afternoon, the governor announced that the state would in fact receive a $ 1.6 billion loan from the federal government to build a new Tappan Zee bridge, which the state projects will cost roughly $ 3.9 billion.

On Wednesday, the Thruway Authority is expected to give final approval to accept a $ 256 million loan from the state Environmental Facilities Corporation's clean water loan fund to help finance a new Tappan Zee Bridge.

The letter also says the request to use the clean water loan to help finance a new bridge is «unprecedented», and says no other state has made a request «of this type or magnitude».

Afterward, DeFrancisco, who took credit for getting the loan cut in two until next year, said the lack of public information on the project is really about Cuomo and his aides hiding the inevitable news that the new bridge will cause Thruway tolls to rise.

The U.S. federal government has rejected most of a $ 511 million loan request for the renewal of New York state's Tappan Zee Bridge

RRIF direct loans can only be used to refinance outstanding debt incurred for certain types of eligible projects, including debt incurred to acquire, improve, or rehabilitate intermodal or rail equipment or facilities, including track, components of track, bridges, yards, buildings, and shops, and costs related thereto, or to develop or establish new intermodal or railroad facilities.

RRIF guaranteed loans can only be used to refinance outstanding debt incurred for certain types of eligible projects, including debt incurred to acquire, improve, or rehabilitate intermodal or rail equipment or facilities, including track, components of track, bridges, yards, buildings, and shops, and costs related thereto, or to develop or establish new intermodal or railroad facilities.

This initial phase, which is funded with the TIFIA Loan, includes (i) the construction of two reversible lanes with associated exit / entrance ramps between Valley View Lanes and Turbeville Road; (ii) the construction of managed lanes from south of IH35E — IH635 interchange to Valley View Lane; (iii) reconfiguration and rehabilitation of general purpose lanes from IH635 to Corinth Parkway; (iv) the construction of direct connectors to Sam Rayburn Tollway; (v) the reconfiguration and / or widening of general purpose lanes and the construction of an additional general purpose lane in each direction from Sam Rayburn Tollway to US380; (vi) the construction, reconstruction, widening or rehabilitation of various frontage roads, interchanges, and bridges; (vii) the construction of a collector - distributor system between President George Bush Turnpike and Sam Rayburn Tollway; (viii) the construction of a new bridge and re-purposing of the existing bridge over Lake Lewisville; and (ix) associated mitigation projects.

If you have identified a new property but have not found a buyer for the old house yet, you can consider picking up a bridge loan that is available for a tenure of two years at best and requires you to mortgage your new house with the lender.

If your current home doesn't sell in time, a Bridge loan — backed by the equity in your existing property — gives you the money you need for a down payment, allowing you to close on your new home.

The mortgage loan «bridges» the sale across the time needed to close the new home purchase.

A mortgage bridge loan is used by the buyer of a new home, usually prior to the sale of an existing home.

Consider the date of debt in both the bridge loan and new mortgage.

Bridge loans may be used by individuals who are buying a new house before selling their old house.

Since you used the $ 70,000 bridge loan as down payment for your new house, you would also be paying the mortgage on your new home.

In another scenario, the bridge loan is only used as down payment for the new house.

In much the same way most people would never purchase a new car with a 30 - year loan, purchasing quick - turnaround inventory, bridging a seasonal cash flow gap, or ramping up to fulfill the needs of a new contract might be better suited for a short - term loan.

Bridge loans are also available for real estate investors who need to take out a loan against an existing property to purchase new real estate.

Bridge loans are available for homeowners who need to borrow against their primary residence to purchase a new home.

While construction loans or bridge financing for residential new - builds qualify as residential mortgages under the Income Tax Act, from a risk perspective, these loans are riskier.

While rates for bridge loans are often much higher than traditional mortgage rates, this type of financing is flexible and can help you straddle the financial leap from your current home to your new home.

Well, that's what Point is doing, and it has some intriguing uses - including being used as a «bridge loan» to cover the costs for buying a new house, to paying off high interest debt.

You should learn about the bridge loans we offer if you are an existing homeowner in the market for a new home.