permanent mortgage

permanent mortgage

A mortgage for an extended period of time, usually 10 to 25 years.

References in periodicals archive ?
Richard Pergolis closed a permanent mortgage in the amount of $3,500,000 for a single story commercial building on 86th Street in Brooklyn.
Extending the period between the earliest credit documentation and sale of the permanent mortgage to 18 months will be enormously helpful to lenders who want to give their borrowers the greatest available flexibility in sound home financing," explained Mullings at MBA's 93rd Annual Convention & Expo in Chicago in October.
6 million in fixed-rate permanent mortgage financing to fund the acquisition of three 150-bed nursing and rehabilitation centers.
Then, when construction was completed, MMC would provide the home purchaser with permanent mortgage financing.
Barry Swartz closed a permanent mortgage in the amount of $25,250,000 for a package of 6, five story apartment buildings with a total of 350 rooms on West 103rd Street and West 108th Street in Manhattan.
SAN FRANCISCO -- Bridger Commercial Funding, the leading provider of permanent mortgage loans and commercial real estate debt-trading services to the nation's banking industry, is pleased to announce the hiring of Rhonda McGovern as Vice President of Originations.
Michael Volpe closed a permanent mortgage in the amount of $1,200,000 for a five unit residential apartment building on Eagle Street in Brooklyn.
The permanent mortgage repaid the construction loan, also secured by Remington about 16 months ago, which financed the construction of the 1200 bed state of the art facility located at the gateway of Temple University's Philadelphia main campus.
Barry Swartz closed a permanent mortgage in the amount of $4,000,000 for a five story walk up apartment building containing 8 units and one store located on Mulberry Street in Manhattan.
Barry Swartz negotiated a permanent mortgage in the amount of $4,050,000 for a four story office building with 12 offices, a 57 car parking garage, 70 exterior parking spaces and 5 roof antennas located on Linden Blvd.
SAN FRANCISCO -- Bridger Commercial Funding, the leading provider of permanent mortgage loan origination and commercial real estate debt trading services to the nation's banking industry, is pleased to announce the addition of Artemis Ghaneh as its Marketing Manager.
A $66,000,000 permanent mortgage secured by a 443,000 square foot "power center" anchored by Shop Rite, Target, Staples, AMC Theaters, Marshalls, Old Navy and A.

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