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 of USD402.
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 hard assets.
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 totaling $202.
Walker & Dunlop's proprietary bridge loan program offers short-term
non-recourse loans to
