Sentences with phrase «pending loan maturities»
We dive into what is causing the choppiness in the CMBS markets, and alternatives where borrowers are heading to refinance pending loan maturities.
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Payment extensions are not processed in the following cases: request is for first loan payment, loan is in arrears, loan is within three months of the maturity date, loan currently has a pending loan extension, request is received less than two days of a regular loan payment, loan has a quarterly / semi - annual / annual payment frequency.
«Despite the added cost of paying down their loans early, many borrowers are refinancing to lock in low rates now and defeasing their pending maturities.»