He determined the easement's value by comparing an encumbered property and an unencumbered property
The company's net loan to value is estimated at around 33%, which reflects IRSA's unencumbered property
value of approximately USD2.3 billion, as of June 30, 2018.
The deal will enable the New Jersey based REIT to continue to grow its unencumbered property
portfolio and pay down higher interest rate mortgage debt.
A Usually, if you are gifted an unencumbered property
you have to wait six months.
These costs will usurp some of the value of the property so that the sum total of the sticks will be less than the value of the whole unencumbered property
held by a sole owner.
Finally, the unencumbered property
was funded through a draw on the company's revolving line of credit.
Golemo and his wife owned unencumbered property
on Endicott Street, but that he had not confirmed the ownership.
"The present financial market turbulence is having a significant impact on the property market yet, despite this, in January 2008 we arranged a pounds 20 million facility with Bank of Scotland against some of our unencumbered property
, notwithstanding the general reluctance of many banks and institutions to lend.
1956), the Florida Supreme Court held that grantee shareholders who had been transferred undivided interests in unencumbered property
from a corporation were not "purchasers" because the transfer was a "mere book transaction." (6) The court held that the grantees were not purchasers because they did not pay "reasonably determinable, consideration for the conveyance as contemplated by [the statute]." (7) The court further stated that it found "no legal support for the theory that the documentary stamp tax should be measured by the market value of the land transferred." (8)
95-14, the IRS has released a correction program for plan sponsors that have contributed unencumbered property
to qualified defined benefit or defined contribution plans in violation of Sec.
In an 8-to-1 decision, the Court in May 1993 ruled in favor of the government, restricting the ability of employers to make contributions of unencumbered property
to a defined benefit plan.