Sentences with phrase «non-recourse permanent loan»
«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.
http://www.nreionline.com/ Not exact matches
Columbus Bank and Trust Company Commercial Mortgage Originator 2006 — 2008 Efficiently analyzed, originating and packaging fixed rate, non-recourse commercial loans to be sold into securitization in the permanent market for CB&T as well as the entire affiliate network of banks.
HUD loans are always non-recourse and offer a construction permanent loan, which means the long - term rate can be committed upfront.
Jeffrey A. Davis, Cambridge Chairman, said the fully - amortized, non-recourse, 22 - month construction loan term plus 40 year permanent loan term was arranged for the owner, an Iowa - based operator, using HUD Section 232.
This program expands First Union's loan capabilities to allow for the underwriting of permanent, non-recourse real estate debt for shopping centers and other types of high quality commercial properties.
I want a permanent loan, non-recourse.
Aries Conlon Capital is pleased to announce that the national commercial real estate mortgage and investment banking firm has closed on a $ 5.7 million permanent loan at a below - market 4.3 % interest rate for a Holiday Inn Express in Ontario, Oregon; a $ 7.5 million, interest - only bridge loan for the leasehold portion of the Radisson Hotel Cromwell in Cromwell, Connecticut; and an $ 8.8 million, non-recourse, CMBS permanent loan for a Hampton Inn in Gulf Shores, Alabama.