Ready Capital Structured Finance announced the closing of non-recourse loans
in Maryland, Texas, Florida, New York, Washington and California totaling approximately $50 million.
The non-recourse loans
included the 172-unit Royal Lane Apartments (Dallas, Texas), 160-unit Brookhollow Apartments (DeSoto, Texas) and 128-unit Arbors Apartments (Macon, Georgia).
Terrace has successfully secured non-recourse loans
, via CMBS executions, in the aforementioned markets at loan-to-value ratios of 75% and continues to serve clients that are unable to garner Fannie or Freddie financing.
Pennsylvania Real Estate Investment Trust (PREIT) (NYSE:PEI), a real estate investment trust, has closed three non-recourse loans
NAA/NMHC and a coalition of trade groups have filed a "friend of the court" brief in an important case pending before the Michigan Supreme Court that could have a chilling effect on conduit borrowers, including apartment firms, by converting non-recourse loans
into recourse loans (Wells Fargo Bank, N.
By Marie Kierans NoN-recourse loans
could solve the mortgage crisis in the future but will not help those currently struggling with repayments, David Hall of New Beginning said yesterday.
Toscana Finanza specialises in the acquisition and management of non-recourse loans
In non-recourse loans
, some "bad boy" provisions have the effect of converting the non-recourse loan
to a full recourse loan such that the borrower becomes liable for the full amount of the loan.
These non-recourse loans
are linked through a cross-collateralization and cross-default agreement.
To ice the cake, we should impose an at-risk rule, which states that an investor can't write off losses on money for which he is not personally liable, such as the non-recourse loans
that multiply McGovern's deductions.
NYSE: CBL) today announced that it has closed four separate non-recourse loans
Walker & Dunlop's proprietary bridge loan program offers short-term non-recourse loans