Each directory contains information submitted to the IRS by the REMIC
for that particular quarter and identifies representatives from whom REMIC
-specific information can be obtained.
may issue a regular interest that bears interest that can be expressed as a percentage of the interest payable on a specified portion of a regular interest acquired from another REMI C (sometimes called a specified portion regular interest or an "Interest Only" interest or "IO").
To be principally secured by real property, the property's fair market value (FMV) at the origination of the obligation or at the time it is contributed to a REMIC
must be at least 80% of the obligation's adjusted issue price order for the obligation (Regs.
Additionally, the Treasury department issued final regulations (TD 9463) expanding the list of exceptions that will not be considered "significant modifications" of an obligation held by a REMIC
However, if the REMIC
market grows as anticipated, residual interests will become available to the general public.
Servicers, however, said retesting would not take place in normal circumstances because they constituted significant modifications, which were not permitted under original REMIC
Short-term commercial financing, such as interim loans and bridge loans, can also be placed-in a FASIT with greater efficiency and at a lower cost than using a REMIC
structure because the FASIT has the capability to remove or take in additional assets in cases of over-collateralization.
Return for a Partnership, REMIC
, or for Certain Trusts, by the end of the first extension period, to request an extension of up to another three months.
As a further demonstration of the partnership and cooperation that the City of New York has provided in the development of this experiment, REMIC
for the first time will issue its mortgage insurance at the permanent loan closing with evidence that the lender has applied for the city-sponsored J-51 Tax Abatement.
Modernization Act, if enacted, will allow property owners to make improvements or additions to the mortgaged real estate.
There is only one class of ownership interest and 100% of such class is directly held by a single eligible corporation (that is, by my domestic C corporation other than a regulated investment company, a real estate investment trust, a REMIC
or certain cooperatives).
At a time when traditional sources of capital remain scare, commercial property owners are now looking to the burgeoning REMIC
market to raise the cash they need to pay off loans coming due.