April 24, 2016 Bank America 5950 W Sahara Ave. Las Vegas, NV 89146 Attn: Commercial Loan Department ABC Enterprises owns the successful strip mall operating under the DBA/Sahara Towne Centre. The property is located at 7063 W Sahara Ave., Las Vegas, NV 89146. We began operations in April of 2005, and currently have long-term leases with two major retailers and several well-established local companies. Over the past five-years, Sahara Towne Centre has maintained a turnover rate of less than 1% and presently has no vacancies. Last year, our annual revenue was $2,000,000, with net income of $628,512 and CFAT of $646,461. We are looking to refinance the remaining loan balance of $818,523 and borrow an additional $250,000. The property’s cost
PCREF became an approved to be a seller/servicers to FreddieMac in January 2016 for small balance real estate loans. Small Balance Real Estate loans are apartment loans ranging from $1-5million to be financed. We are the sixth company offering the FreddieMac program in Southern California making it a great opportunity for growth, development, resources, and exposure to the commercial real estate markets with its low rates
New High School for Summit City project is thoroughly communicated to all members involved and is located in the north section of Summit City, Ontario. The owner of this project is Prince Edward Regional Board of Education. Summit City has two public high schools and the Board of Education applied for ministry approval for the construction of a new education facility, with a total of $19,000,000. The existing schools would have to be teared down, costing them a total of $2,600,000, so that one site can be sold to build a condominium and the other site can be used to the board of educational regional office. I am appointed to give the owner, Prince Edward Regional Board of Education, an idea of which is the best project delivery methods for this kind of case scenario. The three methods of project delivery are:
Since this paper only touches upon the basics of this plan, it will only explain three priority groups (keeping in mind that various subgroups can be created for a broader variety of situations). The highest priority group (Group A) must meet the requirements that follow. Homes must have been bought before January 1st, 2009, and the loans must have been financed by Fannie Mae or Freddie Mac. Borrowers must be current on their payments, and must not have missed a payment for one year before requesting the refinance. The group with the second highest priority (Group B) could have purchased their home either before or after January 1st, 2009. However, if the loan was taken out after the date, residents must wait one year (with no missed payments) to apply. Those who qualify for Group B must not have any delinquencies yet, but they can have missed two payments at the most. Therefore, while they do not have to be current on their payments, if they exceed missing two payments, resulting in a delinquency, they must be eligible for Group C. This lower priority group must have a delinquency, before or after the bank starts the process of foreclosure. This group would need to be behind on their payments, missing at least three. While all of these groups are eligible for a refinance, Group A will be able to refinance for the greatest volume of customers at the highest loan
Miller, Correspondent Broker: Ken started working with the members of La Jolla Cove Investors, Inc. to originate loans secured by first priority liens on real property in 2013. Ken founded the Northern California operations of a well-established Southern California private-money lender in 2003. Ken has over 17 years of management experience in the mortgage finance industry for such firms as SunTrust Bank, JPMorgan Chase, and Aames Financial Corporation (where his duties included serving as its Supervising Broker of Record). He holds a B.S. in Finance from Arizona State University, an M.A. in Economics from the University of San Francisco and is a licensed California Real Estate
The McBride Financial Website offers customers a service in which to purchase residential and recreational property loans. McBride Financial website offers credit reporting, home inspection, appraisal, and mortgage loan services for one low price for $1,500.00. Although this information is listed on the current McBride Financial website, Team A has been commissioned by service request SR-mf-001 to make improvements to the website, to offer online customers easier access, better educational information, and to create a website that is designed professionally, organized, and creates a resource for customers in need of a residential loan, and to see houses available to purchase.
Part I – In Part I, you work with Aero Plain, Inc. staff to identify the best loan
The Licensee funds the origination and purchase of reverse mortgage loans through three warehouse credit lines totaling $210,000,000The Licensee had sufficient remaining credit on each line at the end of every 2015 quarterly reporting period. The Licensee securitizes all loans upon completion of the securitization; the warehouse line is paid in full, with the residual balance transferred to the Licensees operating account. If for any reason, the investors decline to purchase a warehouse loan, the Licensee is obligated to liquidate the loan from the warehouse line by using its own funds.. The Licensee liquidity is sufficient.
In addition, Cornerstone Home Lending, Inc. is an approved issuer with the Government National Mortgage Association (GNMA), and a seller and servicer with the Federal National Mortgage Association (FNMA). The Licensee has warehouse lines of credit agreements with Bank of America ($225,000,000), BB&T ($125,000,000), Comerica ($70,000,000), JPMorgan Chase ($275,000,000), Wells Fargo ($75,000,000) and Allegiance Bank ($20,000,000). The Licensee originated and funded 2 North Dakota mortgage loans in the amount of $736,500 in 2013. The Licensee originated and funded 3 North Dakota mortgage loans in the amount of $590,250 in 2014. The Licensee originated and funded 3 North Dakota mortgage loans in the amount of $942,800 in 2015.
My second priority goal is to pay off my primary residence the mortgage loan is established till 2040 with principal balance $114,000. Although I'm hoping to pay at least one or two extra payments to lower my principle to establish a shorter term or refinance it into a 15-year loan.
Etisalat is a prominent telecommunications corporation providing to consumers, businesses, international telecommunication companies, ISPs and mobile operators. Etisalat operates in eighteen countries across Asia, the Middle East and Africa, a coverage area which reaches more than two billion people. To date, the group’s global subscriber base exceeds over 140 million subscribers through mobile and Landline voice and data services ("Etisalat Nigeria"). Through the launch of innovative new technologies and its regional growth strategy, Etisalat strives to be amongst the top 10 telecom operators in the world ("Nigeria Communications Week"). Etisalat Nigeria began commercial operations on 23 October 2008 in
Attached is your approved HUD. The amount needed for closing is $67,246.13. The funds need to be in a form of a cashier’s check and made out to Alamo Title Company. Your appointment has been schedule for 3pm. Their address is 14140 Southwest Freeway, Suite 160 Sugar Land, TX 77478. Please give me a call to discuss the HUD.
I just received word that our full service branch on 12311 Nacogdoches Road, Suite 106 is now open. Just wanted to let you know we now have a local presence and that they might be able to refinance the existing debt we discussed. If you email some specifics on what you need to refinance I can forward it to the regional manager.
You a re he re : Universit y > Business and Adm inist rat iv e st udies > Finance > R.J. Reynolds I nt er nat ional Financing ( HBS 9- 287- 057) .
The buyer qualifies for $35,000.00. there is currently $31,000.00 in the property which will be transferred. We will add $4,000.00 in additional funds.