These types of mortgages are based
upon the equity in the property and not the cash - flow of the property.
This type of loans is usually extended as a registered mortgage and approval is dependent
upon equity in the property.
Not exact matches
Your
equity would be defined
in each cashflowed home, cash flow of repairs outside of owned
properties, as well as
equity upon sell of some, or liquidation of all homes at any point as deemed most profitable timing as the market improves.
The Claimant sought to rely
upon a Pallant v. Morgan
equity to claim the entire beneficial and legal interests
in the
properties which had been acquired by the Defendant, his brother, using entirely his own funds.
Upon acquiring Strategic, Blackstone may end up selling the assets individually to investors seeking trophy
properties, much the way it's been doing with buildings acquired
in its 2007 takeover of
Equity Office
Properties Trust, said Ian Weissman, head of real estate research at Credit Suisse Group AG
in New York.
The amount of the credit line is dependent
upon the amount of
equity in the subject
property and the lender's guidelines.