said, "The strong growth in this quarter is attributed to several factors, most notably the ongoing benefit of now having full ownership of Consolidated Mortgage
, a trust deed investment firm we began to acquire just over a year ago, and the substantial growth of our portfolio of more than 300 percent.
We agreed with the Ministry of Justice to facilitate the consolidated mortgage
procedures and the land.
Repaid approximately $350 million of consolidated mortgage
debt with a weighted average term of 2.
The bank notes that: "Barnett is liable for the full payment of all accrued and unpaid interest, including payment of any deficiency between the amount finally adjudged to be due and owing on the consolidated mortgage
and the amount realized from the foreclosure sale or sales of the mortgaged property, up to the amount of the guaranteed interest payments, for which a deficiency judgment is being sought by this action against Barnett.
The residence previously was linked with an August 2003 mortgage of $444,600 held by First Consolidated Mortgage
5 million, reduced the Company's consolidated mortgage
debt by $42.
16 /PRNewswire/ -- Desert Capital REIT, a real estate investment trust headquartered in Las Vegas, Nevada, announced today that it has entered into an agreement to acquire Consolidated Mortgage
Upon the sale of the 18 non-core hotels, the Company expects to generate net proceeds of approximately $54 million, reduce its consolidated mortgage
debt by approximately $61.
0 million related to the retirement of a consolidated mortgage
note in advance of its scheduled 2012 maturity date.
During the quarter, the Company retired in advance of the 2010 maturity dates two consolidated mortgage
notes totaling $12.
The new lenders include First Consolidated Mortgage
Company, Fremont Bank, NoRedTape.
Its wholly-owned subsidiary Consolidated Mortgage
, one of the largest private trust deed investment firms in Nevada, has more than $450 million in loans under management.