Proceeds from the debt offering will be used to repay all of NPC's $325 million 6.5% general and refunding mortgage notes
, series O scheduled to mature May 2018 and a portion of NPC's $500 million 6.50% general and refunding mortgage notes
series S, scheduled to mature August 2018 and for general corporate purposes.
Fannie Mae's CIP provides not-for-profits, minority--and women-owned business enterprises, and neighborhood advocacy organizations the ability to bid competitively on mortgage notes
being offered for sale.
A spokesperson for Secure Note Capital stated, "The Secure PLUS Note was structured to set the Benchmark in the industry and offers the highest-quality Real Estate Mortgage Notes
. By leveraging our institutional investment experience, the SNC Team brings a unique approach to the Real Estate Mortgage Note
Since its inception, Peachtree has acquired or developed more than USD 300m of hotel properties and first mortgage notes
. Peachtree currently owns, operates and invests in 4,408 hotel guest rooms in 49 assets throughout the United States, comprised of a real estate portfolio of 27 assets and a note portfolio of 22 assets.
Specifically, the bank conceded that at the time it commenced its foreclosure action, it did not possess the mortgage note
because the original note was lost when sold as part of a group and subsequently transferred to plaintiff's predecessor.
Both Article 3 and Article 9 of the UCC apply to notes, but they do not apply to all mortgage notes
with equal force.
Great Wolf Resorts, Inc (NASDAQ: WOLF), a US-based company that owns and operates indoor water park resorts, has announced the extension of the expiry date of a consent solicitation for 10.875 percent First Mortgage Notes
, due 2017.
Also, the income from mortgage notes
will be re-invested into new mortgage notes
Items that must be deducted include: nonrecurring/other income, mortgage notes
payable in less than one year, and the meals and entertainment 50% exclusion.
The problem has arisen out of failure to record the multiple assignments and to preserve the original mortgage notes
or copies which must be presented to the courts in foreclosure proceedings.
Satisfactory collateral generally includes United States government and federal-agency securities, and, if of acceptable quality, mortgage notes
covering one- to four-family residences, state and local government securities, and business, consumer, and other customer notes.
In four separate transactions, the chains sold mortgage notes
secured by the acquired properties to Salomon, which in turn sold the notes to institutional investors.
The IRS argued that, under Arkansas Best, gain or loss on a hedging transaction receives ordinary treatment only if the transaction is an integral part of the taxpayer's inventory system, and that, since FNMA's hedging transactions related to mortgage notes
, they were not eligible.
Further, the company stated that related to the JV, it repaid about USD194m of variable rate mortgage notes
secured by Avalon Bowery Place I and Avalon Morningside Park, which had a weighted average interest rate of 3.8% as of 30 September 2018; the newly formed JV originated an estimated USD396m of secured financing at a weighted average interest rate of 3.9%; it received net proceeds of about USD470m from the transaction; the five communities included in this transaction will not be consolidated by AvalonBay for financial reporting purposes for the period ending 31 December 2018; and Cushman & Wakefield acted as exclusive adviser to it in this transaction.
New York: Fitch Ratings has assigned an 'A-' rating to Nevada Power Co.'s (NPC) general and refunding mortgage notes
. The notes are secured by the general and refunding mortgage indenture dated May 1, 2001 and rank equally with existing and future notes issued under the general and refunding mortgage indenture.