Mortgage modifications keep some homes out of foreclosure Nov 10, 2009
When that loan reset, to a real amortization schedule and a higher interest rate, the new monthly payment could rise to $2,700 a month with a low interest rate. With a subprime rate of 9 percent, the monthly payment would jump to more than $3,300. (Sacramento Business Journal, CA)
Town's bond rating increased Sep 10, 2009
The S & P report noted that Littleton has a moderate 12 percent debt carrying charge, supported by a rapid amortization schedule. We understand that the township plans to issue $13. (Littleton Independent, MA)
Cogdell Spencer Inc. Reports Second Quarter 2009 Financial Results Aug 7, 2009
In October 2010, the loan converts to an amortizing loan with monthly payments based on a 25-year amortization schedule at an interest rate of one-month LIBOR plus 2 ... 5-year amortization schedule at an interest rate of one-month LIBOR plus 3. (PR Newswire)
Financing done for suburban hotel Jul 31, 2009
The loan is fixed for five years and has a 25-year amortization schedule. The hotel was acquired by the Patel family, whose portfolio also includes the Clarion Hotel in Dunkirk. (Buffalo Business First, NY)
Brandywine Realty Trust Announces Second Quarter 2009 Earnings and Increases FFO Guidance for 2009 Jul 29, 2009
57% rate and a seven-year term with three years of interest only payments followed by a thirty-year amortization schedule ... 0 million first mortgage financing on One Logan Square, a previously unencumbered, 594,361 square foot, 99% leased, class A, office tower in Philadelphia, PA. The loan features a floating rate of LIBOR plus 350 basis points (subject to a LIBOR floor) and a seven-year term with three years of interest only followed by a thirty-year amortization schedule derived using a 7. (PR Newswire)
NorthMarq arranges mortgage for Woodmoor Jul 28, 2009
Financing, which was based on a 10-year term with a 25-year amortization schedule, was arranged by NorthMarq through the lender. The borrower was , a joint venture between and Australia s Macquarie CountryWide Trust. (Washington Business Journal, DC)
Virgin Media Announces Pricing of $600 Million of Senior Notes Due 2016 Jul 17, 2009
As revised for the anticipated prepayments, Virgin Media's amortization schedule under its senior credit facilities will be as follows: September 2010 - GBP 6. 2 million, March 2011 - GBP 288. (Primezone Releases)
Healthcare Realty Trust joins S&P SmallCap 600 Jul 10, 2009
Brandywine Realty Trust (NYSE: BDN), a real estate investment trust focused on the ownership, management and development of Class A, suburban and urban office properties in the mid-Atlantic region and other selected markets throughout the United States, announced today that it has closed a $60 million first mortgage financing on One Logan Square, a previously unencumbered, 594,361 square foot, 99% leased, class A, office tower in Philadelphia, PA. The loan was provided by PB Capital Corporation... (Fresno Bee -- Business)
First Industrial Realty Trust Closes Three Secured Financings Totaling $154 Million Jun 4, 2009
87% over a 30-year amortization schedule ... 75%, and a 25-year amortization schedule including two years of interest only ... 5% over a 25-year amortization schedule. (PR Newswire)
Peak Energy Services Trust Announces the Renewal of Its Credit Facility to May 30, 2010 May 27, 2009
To the extent the credit facility is not renewed on May 30, 2010, the outstanding debt would be payable over a two-year period, based on a two-year amortization schedule. Pricing on this renewed credit facility will range from Prime Rate plus 1. (CCNMatthews Press Releases)
Highland Village: Public hearing Wednesday to consider soccer facility May 18, 2009
The agreement allowed for the use of the property and included an amortization schedule in conjunction with the ability of the LISD to terminate the city s lease at any time. The potential purchase of Double Tree Ranch would provide the city the ability to build a similar soccer facility on city-owned property. (McKinney Courier-Gazette, TX)
Essential Energy Services Trust Announces First Quarter 2009 Results, Credit Facility Renewal and Quarterly Distribution May 13, 2009
To the extent the Credit Facility is not renewed debt payments would be made over a two year period, based on a three year amortization schedule. Due to a significant increase in renewal and standby fees, management requested a decrease in the facility size from $140 million to $50 million. (CCNMatthews Press Releases)
EastGroup Properties Announces First Quarter 2009 Results Apr 29, 2009
5%, a 10-year term and a 20-year amortization schedule. The Company plans to use the proceeds of this mortgage loan to reduce variable rate bank borrowings. (PR Newswire)
BRE Properties Announces Closing of $620 Million Fannie Mae Credit Facility Apr 8, 2009
There is an interest-only period for a portion of the term for both tranches, with annual payments of principal thereafter following a 30-year amortization schedule. Collateral for the facility comprises 15 multifamily properties totaling 4,651 units. (PR Newswire)
AEGON Maintains Strong Capital Position Despite Fourth Quarter 2008 Loss Mar 12, 2009
The reconsideration of this assumption may affect the original DPAC or VOBA amortization schedule, referred to as DPAC or Value of Business Acquired (VOBA) unlocking. The difference between the original DPAC or VOBA amortization schedule and the revised schedule, which is based on estimates of actual and future gross profits, is recognized in the income statement as an expense or a benefit in the period of determination. (PR Newswire)
Virgin Media Reports Fourth Quarter 2008 Results Feb 25, 2009
As a result of these amendments, and assuming (i) satisfaction of the repayment condition and (ii) transfers into the new tranches at the minimum levels notified by the Agent (70% of the A tranches and 82% of the B tranches), Virgin Media's revised amortization schedule under its Senior Credit Facility would be as follows: March 2010 - GBP 33m, September 2010 - GBP 172m, March 2011 - GBP 288m, June 2012 - GBP 1,167m, September 2012 - GBP 2,042m, March 2013 - GBP 300m. The lenders under the new A... (Primezone Releases)
Hamilton schools to pursue $600,000 of work Feb 20, 2009
Ruan Securities, Des Moines, worked up an amortization schedule to repay 620,000, 10-year life/safety bonds. The interest rate starts out at 2. (Keokuk Daily Gate City, IO)
