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Condo Loan - News Articles
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Oct 11, 2008
Globe and Mail, Canada -
In Ontario, a woman we'll call Maureen is 66. A health care administrator, she is planning her retirement in 2010, hoping that her combination of financial assets, employment pensions, Old Age Security and Canada Pension Plan payments will enable her to have retirement income of ... -
Thursday, October 09, 2008
Malden Observer, MA -
Priced from $100000 to $125000, each unit will carry a mortgage payment ranging from $800 to $1200, including taxes, condo fees and insurance. There will also be parking included for each tenant, and down payment assistance is available through the North Suburban ... -
Oct 9, 2008
Pittsburgh Post Gazette, PA -
In 2007, the previous Mt. Lebanon school board and commissioners voted to approve a tax-increment financing program that would divert revenues of $10 million over 20 years. Not everyone in the community agreed that a TIF was appropriate. ... -
Oct 8, 2008
CBC.ca, Canada -
A condo market analyst says 30 per cent of the 120 projects currently being marketed in Toronto are teetering because they can't get financing. ... -
Friday, October 10, 2008
Globe and Mail, Canada -
The project, an 1100-unit condo development that covers seven blocks in central Vancouver, drew attention this week with the news that the developer, Millennium Developments, was asking its lender for additional financing. Millennium needs a contingency reserve because it has at least ... -
Oct 8, 2008
Salt Lake Tribune, United States -
By Matthew Benjamin and Michael McKee AP Investors are in the grip of a panic that psychologists and historians say isn't necessarily rational and may intensify. They aren't buying stocks, and more importantly, suddenly afraid they won't be repaid, they aren't making loans by ... -
Oct 4, 2008
Myrtle Beach Sun News, SC -
Those loans were supposed to pay for renovation and expansion of an existing oceanfront hotel, which would be converted to 143 condo units. In addition, the project's general contractor says SVI Hospitality owes $1 million in unpaid bills. Mishra, in ... -
Friday, October 10, 2008
Business Day, South Africa -
SMALL island, big problem. That was the headline in the Financial Times on Wednesday. It referred to Iceland, which has gone bust and had to seek a € 4bn ... -
Thursday, October 09, 2008
Detroit Free Press, United States -
Ever since the current economic crisis began, there’s been a tendency in some political quarters to blame the people – largely lower income families and/or people with bad credit ? who took out subprime loans they really could not handle. But the huge amount ... -
Oct 5, 2008
United Press International -
MIAMI, Oct. 5 (UPI) -- Dramatic increases in speeding fines throughout Florida appeared to have little immediate impact on motorists, an official says. State Rep. Carlos Lopez-Cantera , R-Miami, said within days of the enhanced fines being implemented last ...
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Oct 3, 2008
Bizjournals.com, NC -
Bankrupt investment firm Lehman Bros. is foreclosing on nearly $91 million in problem South Florida loans, or nearly 1 percent of the regional total foreclosure value through the first three quarters this year, according to a new report from Condo Vultures. ... -
Thursday, October 09, 2008
Jacksonville Business Journal, FL -
Local condominium sales were down 7 percent from 84 in July to 78 in August and down 40 percent from 129 sold in August 2007. Condo median prices were down 3.6 percent from $148,000 in July to $142,700 in August and down 8 percent from $155,700 in August 2007. ... -
Friday, October 10, 2008
MiamiHerald.com, FL -
Some condo buyers want to get out of their purchase contracts based on expectations that developers won't be able to honor future obligations. /* * Tell JavaScript how much of each type ... -
Friday, October 10, 2008
The Oregonian - OregonLive.com, OR -
To cope, developers have restructured their loans to buy more time or converted their towers into luxury apartments. Even with 1400 condos pulled from the supply for rent as apartments, the downtown market remains flooded. Realty Trust City, Portland's leading firm ... -
Thursday, October 09, 2008
Ipswich Chronicle, USA -
Supplemental assistance with the down payment and purchase price may also be available from the town through a $10000, zero- interest "soft second" loan. ... -
Thursday, October 09, 2008
MarketWatch -
DENVER, Oct 09, 2008 /PRNewswire via COMTEX/ -- Madison Capital Management, LLC and its affiliates ("Madison"), an alternative investment management firm specializing in niche distressed, real estate, natural resources and special situation financial assets, announced it closed on a $45 ... -
Thursday, October 09, 2008
Bizjournals.com, NC -
The loan is a B-note, or mortgage secured by a first lien, secured by the oceanfront W South Beach Hotel & Residences in South Beach, Fla., which is under construction and scheduled to open in summer 2009. The project broke ground in 2006, and initially was to have ... -
Monday, September 29, 2008
Leelanau Enterprise, MI -
Tyge has been ready to start on his 22-unit condominium project before. He expected relatively quick approval after releasing plans in May 2004 to dredge a canal to build a 22-slip marina on the property south and east of the M-204 bridge that was once ... -
Monday, September 29, 2008
GlobeSt. com, NY -
Condominium sales volume and pricing have slowed in New York’s outer boroughs, although the possibility of a major oversupply situation in hot condo submarkets such as Brooklyn’s Williamsburg area is unlikely. "Product gets absorbed pretty quickly, there’s limited supply and it’s hard ... -
Monday, September 29, 2008
Arizona Republic, AZ -
"Yes these are challenging times, but if you have a financing source - and I am fortunate to have a joint venture partner - there are some wonderful ...
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