first mortgage


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Related to first mortgage: First Time Home Buyer
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Words related to first mortgage

a mortgage that has priority over all mortgages and liens except those imposed by law

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References in periodicals archive ?
5 million first mortgage for Allendale Apartments, Inc.
66,500,000 The Health and Educational Facilities Board of the City of Johnson City, TN hospital first mortgage revenue bonds (Mountain States Health Alliance) series 2006B;
Having recently expanded our membership eligibility to include all people who live, work, worship, volunteer, or attend school in the seven-county Twin Cities metro area, and their immediate family members, we have a significant opportunity to positively influence the financial success of more people through TopLine membership, including lower rates on first mortgages and home equity loans.
1 first mortgage and $1 million line of credit for a 56-unit co-op at 17 East 96th Street in Manhattan;
Utilizing the resources of AMAC's advisor, CharterMac (NYSE:CHC), AMAC intends to originate and acquire first mortgage loans, subordinated interests in first mortgage loans and bridge loans, in addition to the traditional mezzanine loans that AMAC originates.
650,000 first mortgage on a 3 story 6 unit residential building in the Bushwick section of Brooklyn.
61,225,000 The Health and Educational Facilities Board of the City of Johnson City, TN hospital first mortgage revenue bonds (Mountain States Health Alliance) series 2006B;
First mortgage of $1,200,000 on 3 separate buildings totaling 14 units in Putnam County New York.
3 million first mortgage and a $250,000 line of credit for Mendicino Green Apartment Corp.
3 million in new loans during December, including the largest loan of the month, a $7 million first mortgage and a $1 million line of credit for 201 West 21st Street, a 130-unit co-op in Manhattan.
Howe originated more than $43 million in new loans during August, including the largest loan of the month, an $18 million first mortgage for Park City 3 & 4 Apartments Inc.
In a piggyback structure, the first mortgage is a loan covering 80 percent of the property's value, often at a fixed rate, but increasingly at an adjustable rate.
Additionally, NCB Senior Vice President Mindy Gorasfein originated more than $14 million in new loans during the month, including a $3 million first mortgage and a $500,000 line of credit for 321 Apartments Corp.
The rating is the same as that of PEPCO's outstanding secured first mortgage bonds.