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Steve Miller, president of Plymouth Management Group, which manages the building, said that the desire to refinance led the company to approach Mr. Padian, who offered a higher credit line if the board approved energy-related improvements.
The vast majority of that borrowing has been for construction, Moody's said, and while some of the surge reflects a desire to refinance earlier projects at better interest rates, most of it stems from the current transformation of the nation's campuses.
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Low interest rates are prompting clients to refinance their debt while sharpening investor desire for higher-yielding investments.
Applications to refinance mortgages plummeted.
Have you tried to refinance through HARP?
You'll be able to refinance".
Others, like Roland Richards, hoped to refinance debts.
Yet XO declined to refinance its debt.
The low rates lured homeowners to refinance their mortgages.
Of those applications, 83 percent were to refinance existing loans.
Spain's regions have to refinance a combined $43 billion this year.
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