For Madison Farms Retail, Cronheim arranged $32 million in permanent financing
on a 20/30 basis.
The ILP program uses the company's own balance sheet to provide short-term loans for properties that do not yet qualify for permanent financing
through Fannie Mae, Freddie Mac, or HUD.
Portsmouth have issued a statement highlighting the importance of new owner Sulaiman al Fahim finding a "permanent financing
CalHFA's new 30/15 Permanent Financing
Program will allow developers to pay off the CalHFA loans after 15 years.
The developers of a 500-room hotel in Isla Grande's Convention Center District have secured the interim financing for the project and were hopeful the Government Development Bank (GDB) would approve their application for permanent financing
as early as mid-May, reports Caribbean Business (May 2, 2005).
However, it appears that the parties always intended the first agreement to be an interim financing arrangement that would be changed (in a relatively short time) into more permanent financing
. The second agreement had a longer-term source of funds, replacing the funds T originally obtained under the first agreement.
In the case of new facilities, we finance the construction and then, once they are completed, we always do the permanent financing
. We generally do not do development and construction financing unless we are going to do the permanent financing
, and typically we do construction financing only with companies that already have cash flowing facilities in our portfolio.
However, it concluded the section 162(k) prohibition on deduction extended to the financing costs associated with bridge loans and permanent financing
because such debt was part of Fort Howard's redemption plan and the buyback and the permanent debt's issuance were only eight days apart.
* Barry Swartz obtained permanent financing
in the amount of $2,000,000 for a five story apartment building with 16 units and 2 commercial spaces located on Orchard Street in Manhattan.
HAS arranged $165 million in permanent financing
for the First Washington Realty/CalPERS Shopping Center Portfolio.
The hospital believed that in the future it would have to convert its loan into an equity interest in the joint venture in order to secure permanent financing
for the facility following its construction.