Sentences with phrase «use some of the loan proceeds»

Use of Funds: Lenders will need a brief but descriptive explanation for the use of the loan proceeds.

What is your intended use of the loan proceeds?

Not exact matches

Even if the IRS doesn't have a way to determine how you're using your loan proceeds, it's best to maintain records of your spending to back up your deductions.

Though nearly two - thirds of the individuals who took the loan used the money to pay for home improvements, a quarter used the proceeds to pay for surprise costs, including car repairs and medical expenses.

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.

For example, if you're planning to use the loan proceeds to buy another business you'll need to provide a copy of the purchase agreement, the target company's financial statements, tax returns, and other details about them (your loan officer will inform you as to the specific documents you may need to add to your loan application).

Refinancing is where a borrower applies for a new loan, and the proceeds of that new loan are used to pay off the old student loans.

The Company uses the proceeds raised from the issuance of units to invest in SMEs through local market sub-advisors in a diversified portfolio of financial assets, including direct loans, convertible debt instruments, trade finance, structured credit and preferred and common equity investments.

The proceeds of this transaction will be used to repay most of the Ontario government's interest - bearing loans to MaRS almost three years ahead of schedule.

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.

To qualify for the lowest rate presented, a borrower will need an excellent credit profile, take the loan out with a qualified co-borrower, use their loan to consolidate existing debt, and authorize the direct payment of that debt to their existing creditors using the loan proceeds.

For example, if you're planning to use the loan proceeds to buy another business you will need to provide a copy of the purchase contract, the target company's financial statements, tax returns, and other details about them.

The proceeds of the loans must be used to pay for the education costs within a «reasonable» period of time after you took out the loan.

Shkreli funded the Merrill Lynch settlement — and avoided the filing of the confessions of judgment — by causing a $ 900,000 investment in Retrophin equity securities made by MSMB Healthcare to be recharacterized as a «loan,» causing the «loan» to be repaid with interest, and using the «loan» proceeds together with other money taken from Retrophin to pay Merrill Lynch.

Here's the loophole: If you take out a new home equity loan or line of credit and use the money for home improvements, you're converting a home equity debt into an acquisition debt because the proceeds are used to «substantially improve» a qualified residence.

Russia for instance, had to use its oil export proceeds to repay the IMF for the 1996 loan that went into the hands of Yeltsin's banking insiders.

6) If you refinance your government loan, your new lender will use the proceeds of your new loan to pay off your government loan.

The Department of Education offers a repayment estimator that lets you see how much you can expect pay over the life of your loans in each of the government's repayment plans (Note that you don't have to log in to the site to use the repayment estimator — you can just hit «proceed» if you don't have an FSA ID).

Preparation before the issuance involved developing an appropriate framework, in line with the social bond principles of the International Capital Markets Association (ICMA), which set out the underlying rationale of the bond and explained the methodology used with regard to such aspects as loan selection, the use of proceeds and reporting.

Greenburger said he paid off the construction loan in April using proceeds from sales, but then needed to decide what to do with a pair of preferred equity partners left in the capital stack.

The vehicles use the proceeds of these issuances to make fully collateralized loans to counterparties.

Of the $ 255 million in proceeds from the transaction, approximately $ 51 million will be held by the Trust until it purchases all or a portion of the remaining loans or, if not used for that purpose, returned to the investorOf the $ 255 million in proceeds from the transaction, approximately $ 51 million will be held by the Trust until it purchases all or a portion of the remaining loans or, if not used for that purpose, returned to the investorof the remaining loans or, if not used for that purpose, returned to the investors.

Most homebuyers use the proceeds from the sale of the old house to pay off the loan in full.

«The proceeds of the loan were used to reinforce and make improvements at our data center,» said Dennie.

In China, which accounted for 39 % of total issuance in 2016, the definition is more liberal; for example, issuers can use up to half of the proceeds to repay bank loans and invest in general working capital.

Sell him and use the proceeds to get Van Dijk, you might think he is a luxury at this point but when you consider that Mert and KOs are already over 30 and increasingly injury prone, the glut of reliable coordinators we think we have in defence can quickly disappear like Cazorla in Midfield last season to the point where even Wilshere had to go on loan.

The district will use $ 175,000 of the bond proceeds to restructure a $ 2 million loan taken out in 1992 to renovate a former convent at 3000 Central Rd., which became Park Central, officials said.

-- Loans of allowances, or the proceeds from the sale of allowances, may be provided, interest on commercial loans may be subsidized at an interest rate as low as zero, and other credit support may be provided to support programs authorized to use SEED Account allowance value or any other renewable energy or energy efficiency purpose authorized or approved by the Federal GovernLoans of allowances, or the proceeds from the sale of allowances, may be provided, interest on commercial loans may be subsidized at an interest rate as low as zero, and other credit support may be provided to support programs authorized to use SEED Account allowance value or any other renewable energy or energy efficiency purpose authorized or approved by the Federal Governloans may be subsidized at an interest rate as low as zero, and other credit support may be provided to support programs authorized to use SEED Account allowance value or any other renewable energy or energy efficiency purpose authorized or approved by the Federal Government.

In June 2007, TxDOT used its first draw on TIFIA loan proceeds in the amount of $ 124.9 million to retire the 2007 BANs, and has subsequently retired $ 77.15 million in 2008 BANs with a second draw of TIFIA loan proceeds in June 2008.

In June 2007, TxDOT used its first draw of TIFIA loan proceeds in the amount of $ 124.930 M to retire the 2007 BANs, and subsequently retired $ 775.07 M in 2008 BANs with a second draw of TIFIA loan proceeds in June 2008.

(Sec. 20001) Amends TIFIA to authorize as an eligible transportation infrastructure project cost the capitalizing of a rural projects fund using proceeds of secured loans made to state infrastructure banks to make loans for rural infrastructure projects.

Ask your loan officer for details on American Family Funds, down payment assistance programs, or how to make an offer contingent on the use of the AFF program if you aren't sure how to proceed.

But if some of the refinanced proceeds are used to improve your home and weren't a charge for any services provided by the mortgage lender as part of the loan origination fee, you may be able to fully deduct the portion of the points that is related to the improvement the year you paid them.

Upon the sale of your home, the proceeds or portion of the proceeds from the sale will be used to pay off the home equity loan.

Many people are seeking personal loans, commonly known as signature loans, as those offer a great convenience of using the loan proceeds for any purposes...

Lenders first use reverse mortgage loan proceeds to pay off existing mortgages and liens on the property, after which borrowers may use the rest of the funds in almost any way they wish.

Can the proceeds from one property sell (flat) be used to repay the home loan of second property without attracting CG tax?

The deed of trust — also called a «mortgage» or «lien» — states that the home may be used as «collateral» for repayment of the loan; in the event of payment default, the lender is able to foreclose on the property, sell it, and retain the proceeds to satisfy the debt in question.

Many borrowers of bad credit Christmas loans use their loan proceeds to pay for gifts, entertainment, decorating, travel, and more.

The process of paying off one loan with the proceeds from a new loan using the same property as security, usually, for the purpose of obtaining a lower interest rate, converting accumulated equity into cash, or both.

Flexibility: If your personal loan is granted, you are free to use the proceeds on anything of importance to you.

When reverse mortgage lenders calculate the amount of loan proceeds that borrowers may be eligible to receive (also known as the Principal Limit), they use what is called the Expected Interest Rate.

You could then wait for the trade to settle another couple of days to journal over and sell DLR.U and use the proceeds to pay back the loan.

The most common method of repayment is by selling the home, where proceeds from the sale are then used to repay the reverse mortgage loan in full.

A portion of the loan proceeds are used to pay off the existing mortgage, and the remaining funds are placed in an escrow account and released as rehabilitation is completed.

For those who financed the purchase of their solar panels as part of their taxes, such as through the Home Energy Renovation Opportunity (HERO) program, they will be required to pay off the remaining loan balance at closing using proceeds obtained from the reverse mortgage.

Part of the loan proceeds will be used to pay for certain improvements to I's residence and part of the loan proceeds will be used to pay qualified higher education expenses of I's spouse.

Reverse mortgages allow homeowners age 62 and older to convert a portion of their home equity into tax - free loan proceeds that can be used without restriction.

Calculator: Use a reverse mortgage loan calculator to get an estimate of the total proceeds you may receive.

The brokerage firm sells some or all of the stock immediately, with part of the proceeds being used to repay the loan — often on the same day the loan was made.