Sentences with phrase «permanent financing when»

Enjoy the convenience of your construction loan automatically converting to permanent financing when your home is complete

In current usage, the conversion of a construction loan to the permanent financing when construction is complete.

Not exact matches

«When you have a # 70 billion permanent hole in the Government's finances, you simply can't propose cutting tax revenue unless you spell out exactly how you are going to pay for it,» he said.

Repayment of the loan occurs when the school's permanent financing is in place.

When a homebuyer wants to purchase a house in need of repair or modernization, they would typically need to obtain interim financing to purchase the home, additional interim financing to perform the repair work, and then a permanent mortgage to pay off the interim loans after the work has been completed.

Personal property loans are used when the borrower is financing the home only or the home is not on a permanent foundation.

Draw funds as needed to pay contractors and suppliers, then when the building is completed, the loan is paid off with proceeds from permanent financing.

Take advantage of our «One - Time - Closing Construction - to - Permanent Program» to finance the construction of a new home and convert to a permanent loan when construction is complete.The loan is approved and closed before constructioPermanent Program» to finance the construction of a new home and convert to a permanent loan when construction is complete.The loan is approved and closed before constructiopermanent loan when construction is complete.The loan is approved and closed before construction begins.

They may also pay the loan back when the property is sold, their creditworthiness improves, a property project is completed (like flipping a house), or there's an improvement or alteration in a property that allows for permanent mortgage financing.

FHA 203K Loans When a homebuyer wants to purchase or refinance a house in need of repair or modernization, the borrower usually has to obtain financing first to purchase the dwelling or financing to take out any existing liens should they already own it; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgWhen a homebuyer wants to purchase or refinance a house in need of repair or modernization, the borrower usually has to obtain financing first to purchase the dwelling or financing to take out any existing liens should they already own it; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgwhen the work is completed to pay off the interim loans with a permanent mortgage.

When a homebuyer wants to purchase a house in need of repair or modernization, the homebuyer usually has to obtain financing first to purchase the dwelling, additional financing to do the rehabilitation construction, and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgWhen a homebuyer wants to purchase a house in need of repair or modernization, the homebuyer usually has to obtain financing first to purchase the dwelling, additional financing to do the rehabilitation construction, and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgwhen the work is completed to pay off the interim loans with a permanent mortgage.

And because we have our own permanent capital readily available, we are able to provide clients and firms with the financing they need — when they need it.

A bridge loan is a short - term financing solution offered by select lenders that provide funds when permanent loans can not be approved.

«Mezzanine money is relatively expensive, but what attracted us to it was that when it came time to arrange permanent financing we could effectively buy out the mezzanine component and still retain 100 percent of the ownership,» says Matt McClimon, CFO of Stanbery Development.

For the Premier transactions, although the owner originally sought permanent acquisition financing, when it became apparent that such financing would not be available in the required timeframe, Red Capital Partners bridged the timing gap and provided acquisition capital while the permanent solution was being secured.

Borrowers still have lots of choices when securing permanent financing for apartment properties, particularly from Fannie Mae and Freddie Mac...

The owner of two assisted living communities wasn't in the mood to settle for second - best when it worked with Ziegler to refinance its existing permanent financing and receive a lower interest rate.

Under § 1026.17 (c)(6)(ii), when a multiple - advance construction loan may be permanently financed by the same creditor, the construction phase and the permanent phase may be treated as either one transaction or more than one transaction.

When your project is stabilized and ready for permanent financing contact a representative to discuss the financing you need.