Sentences with phrase «to pay off the bridge loan»
Borrowers usually pay off their bridge loan with the proceeds from selling their house.
valuepenguin.com
Borrowers usually pay off their bridge loan with the proceeds from selling their house.
In a leveraged buyout, the acquired company is made to borrow the money for its own acquisition and pay those funds to the acquirer, which uses those funds to pay off the bridge loan originally taken out to fund the initial deal.
This phrase explains mechanics of leveraged buyout deals: «In a leveraged buyout, the acquired company is made to borrow the money for its own acquisition and pay those funds to the acquirer, which uses those funds to pay off the bridge loan originally taken out to fund the initial deal.»
After you complete the project, you should be able to obtain a $ 2.5 million mortgage on the property, and use much of the proceeds to pay off the bridge loan, both the principal and interest.
A great article, Wolf, but when you write, «In a leveraged buyout, the acquired company is made to borrow the money for its own acquisition and pay those funds to the acquirer, which uses those funds to pay off the bridge loan originally taken out to fund the initial deal.»
In the worst case, the borrower may lose her original home to the lender to pay off the bridge loan.
Once the borrower uses the borrowed funds to purchase the new property the borrower sells the previous property in order to pay off the bridge loan.
After you complete the project, you should be able to obtain a $ 2.5 million mortgage on the property, and use much of the proceeds to pay off the bridge loan, both the principal and interest.
The homeowner can use a bridge loan to borrower against their existing home, purchase the new home and then sell their previous home to pay off the bridge loan.
This gives the borrower time to secure more permanent, long - term financing, which they can then use to pay off the bridge loan.
Once the credit score gets above 700, the borrower is able to qualify for a bank loan and pays off the bridge loan.