He required a highly leveraged, nonrecourse loan
and we closed the transaction in 30 days.
Under permanent law, nonrecourse loan
rates for wheat, corn and other feed grains, and cotton function as farm price supports.
2 million nonrecourse loan
from Bear Stearns Commercial Mortgage Inc.
The regulations provide that relief of a nonrecourse loan
will be sufficient consideration received for property that is in default.
It looks at standard terms of a SOLI proposal; explains why a trust usually should own the SOLI policy; explains why the insured should know the identity of the investors; considers insurance fraud and/ or commission rebating issues; considers the potential liability of the insured to the investors; discusses the tax treatment of i) the up-front cash payment, ii) the interest paid on the nonrecourse loan
, and iii) the transfer of the SOLI policy in satisfaction of the nonrecourse loan
; looks at federal estate tax issues; and makes some recommendations.
5 million nonrecourse loan
with 75 percent loan-to-value (LTV) and three years interest-only priced under 6 percent.
The plan can be structured with a nonrecourse loan
delivered with no personal guarantee," adds Rothstein.
This reluctance stems from the fact that the lessor actually finances the purchase price of the equipment through a nonrecourse loan
from (or discounted rental-stream assignment to) a bank or other funding source, which will then take a security interest in the lease, the lease rentals and the equipment.
The partnership uses the $20,000 capital contributed and a $100,000 nonrecourse loan
to purchase equipment worth $120,000.
LaunchCapital SB is offering a fair market interest rate, nonrecourse loan
to community-based small businesses that are in the earliest stages of development.
The borrower declined to describe specifics of the debt but said it was a nonrecourse loan
, meaning the lender can't go after their other assets in the event of a default.
MMCC secured an 80 percent LTV, nonrecourse loan
for the property through one of our correspondent agency lenders, adds Adams.