Sentences with phrase «secured loan on»

The plaintiffs loaned money to the defendant, who secured the loan on two pieces of property (A and B) with collateral mortgages.

The Colliers Atlanta Capital Markets Group led by Senior Vice President Forrest Speed secured the loan on behalf of Bloomfield Investments LLC, the operating company subsidiary of developer, Spectrum Capital LLC.

In addition, Congress added another exception to the automatic stay provisions in 1994, requiring debtors with a secured loan on a single real estate asset to file a reasonable payment plan or make reasonable interest payments based on the fair market rate on the value of the creditor's real estate during the bankruptcy proceedings.

If you have a mortgage or secured loan on the property, the ongoing monthly payments still need to be maintained to stop your lender taking possession action.

Again, his claim that he did not leverage on a personal relationship with government and that he secured the loan on merit in his capacity as a client of ADB, has been questioned in the light of the fact that the Finance Minister wrote the 9th June letter at all.

For example, if you can't pay back a secured loan on time, a lender can seize the collateral, such as your car or home.

If you secure a loan on your own using collateral and you default on it, the lender typically forecloses on the collateral and attempts to collect the remainder from you personally.

Thus, to avoid foreclosure you need to pay the installments of your secured loans on time.

I'm reposting because according to this post on myFICO Alliant will be discontinuing their Share Secure loans on January 2nd, 2018.

Be careful if you live in mortgaged accommodation, have secured loans on your home and your home is in negative equity.

The previous rule was the Chapter 13 Trustee or creditors could object to your Chapter 13 plan if you proposed to continue paying secured loans on «luxury» items at the expense of unsecured creditors.

This may not be the best option for you, especially if your lender wants to secure the loan on your home

If you're hoping to secure a loan on your own, but unsure whether your application will succeed without a cosigner, there is a middle ground.

Not only is obtaining a mortgage on an investment property tougher than securing a loan on your main residence.

Montegra Capital is pleased to announce our new program to fund acquisition or cash out refinance first - mortgage - secured loans on Colorado warehouses and dispensaries with marijuana tenants.

Montegra funds first - mortgage - secured loans on Colorado commercial real estate properties as well as investment - purpose residential properties and undeveloped land that is zoned and entitled.

Montegra is an asset - based, private capital bridge lender with a 44 - year history of funding first - mortgage, secured loans on commercial and investment - purpose residential property located in Colorado (especially the Denver metro area).

This is just like the LTV calculation, but it accounts for all secured loans on the property.

Not exact matches

Downside: Watch for higher interest rates and shorter terms on peer - to - peer loans, in addition to a more rigorous and intensive itinerary required from both parties to secure the loan.

Remember though, if you default on a secured loan then the assets or asset class you used as a security could be seized by the creditor in a Court procedure that could also put your company out of business, so there is some element of risk to consider with asset - based financing.

This may or may not be the collateral securing the loan depending on the situation and your relationship with the bank.

In other words, it appears that Sunac isn't taking on debt to make the purchase — except, of course, from Wanda — since Wanda is ponying up the money and securing the loan itself.

The SBA's various loan programs have provided needed funding for thousands of small enterprises who were unable to secure loans from lending institutions on their own; indeed, businesses can not solicit loans from the SBA unless they are unable to get funding independently.

The German government granted a bridging loan of 150 million euros to allow Air Berlin to keep its planes in the air for three months and secure the jobs of its 7,200 workers in Germany while negotiations go on.

As CEO of Credible, a marketplace for student loan refinancing which was founded in 2012 and recently secured $ 2.7 million in seed round financing, Stephen Dash has some ideas on how to get your money in order before taking a big leap as an entrepreneur.

It's also worthwhile to check out secured credit cards and credit builder loans, which may ask for a deposit of funds to act as your spending limit on a card or deduct a monthly amount to save for you.

The bank sought to fill the gap with a $ 200,000 SBA loan, something Wald wanted to avoid at all costs, recalling the consequences of the $ 30,000 SBA loan he'd received in 1996 (and since paid off): NetForce had trouble securing the kind of financing it needed because the SBA had taken a blanket lien on all the company's assets.

First, Sears Holdings, which also owns the Kmart discount chain, said it had obtained a $ 500 million loan secured by mortgages on 46 properties from affiliates of Lampert's hedge fund, ESL Investments, earlier this week.

These loans are generally secured, on a first - priority status, by a company's assets.

He knew he was on to something when billionaire Clay Riddell offered to put up personal assets to help secure a $ 75 - million bank loan to capitalize the company.

On February 8, 2013, we entered into a repricing amendment with respect to the Senior Secured Term Loan Facility.

The interest rate on the outstanding borrowings pursuant to the Senior Secured Term Loan

There is no scheduled amortization under the Asset - Based Revolving Credit Facility; the principal amount of the revolving loans outstanding thereunder will be due and payable in full on May 17, 2016, unless extended, or if earlier, the maturity date of the Senior Secured Term Loan Facility and the Senior Subordinated Notes (subject to certain exceptions).

Borrower 2 saved almost $ 5,000 by going with a fixed rate on Loan B ($ 30,000 for 20 years) even though the initial interest rate was higher than what Borrower 1 secured with a variable - rate lLoan B ($ 30,000 for 20 years) even though the initial interest rate was higher than what Borrower 1 secured with a variable - rate loanloan.

The amendment provided for (i) an immediate reduction in the interest rate margin applicable to the loans outstanding under the Senior Secured Term Loan Facility from (a) 3.50 % to 3.00 % for LIBOR borrowings and (b) 2.50 % to 2.00 % for base rate borrowings, (ii) an immediate lowering of the LIBOR floor for loans outstanding under the Senior Secured Term Loan Facility from 1.25 % to 1.00 % and (iii) the borrowing of incremental term loans, the proceeds of which were used to repay the outstanding loans of lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8, 2013.

The interest rate on the outstanding borrowings pursuant to the Senior Secured Term Loan Facility was 4.00 % at April 27, 2013.

Thus, from early August to mid-November of 2003, lenders were sometimes willing to pay interest on loans secured with the note.

They're then sold later to owners looking for a quick way to secure bank loans, bid on contracts, and project financial stability.

Thus, they can not rely as much on the value of the housing collateral in securing their mortgage loans, and consequently now put more weight on the credit histories of the borrowers.

Rather than relying on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively at a borrower's credit worthiness to determine eligibility, making those with high credit scores and a long, solid credit history the best candidates for an unsecured business line of credit.

They will likely require a general lien on business assets and a personal guarantee to secure the loan during the loan term.

With improved credit performance and loan yields, our realigned cost structure and a secure funding base, we are well - positioned to build on our success and continue margin expansion.»

Some lenders, including many online lenders, don't require specific collateral, but rather require a general lien on your business assets (without valuing those business assets) and a personal guarantee to secure the loan.

Many lenders today don't require specific forms or types of collateral, but will rather apply a general lien on business assets and a personal guarantee to secure the loan — making it possible for many businesses without specific types of collateral to qualify.

You can deduct the interest that you pay on a mortgage loan secured by your home.

Strong business credit scores can help business owners secure better interest rates on loans, decrease instances where you need to prepay for a specific product or service, and secure better trade terms with important suppliers in your industry.

Option 2 is to put less than 20 % down to secure a first mortgage on the home itself and use a second loan to finance the difference between your contribution and the 20 % mark.

Did you know you can secure a lower rate on your mortgage loan by paying a little more money up front, at closing?

With the current rate of interest you can certainly benefit from this low rate compared to an equivalent stand alone loan which is secured on your property.

That means the blanket loan will survive the sale of one or more of the properties on which it is secured.