Exact(9)
Such loans for co-op apartments are called end loans.
When we did our construction loan at 1212 Fifth Avenue, because of our relationships with our banks, we arranged for them to commit to doing some end loans.
The administration will use its influence at the World Bank and other international lending agencies to end loans that expand steel production capacity, the study says.
A point of continuing conflict is the ratio of owner-occupants to renters, and how that weighs against the building's ability to refinance its underlying mortgage and for prospective buyers to obtain loans for individual apartments -- commonly called end loans.
Because the underlying mortgage is financed by public agencies, he said, the blended interest rate for the loans -- less than 6percentt -- is considerably lower than it would be if purchasers took out individual end loans.
"We're the holders of unsold shares in a building in Yonkers where the co-op had great difficulty getting end loans, both because the market was depressed and because there were questions about subletting," she said.
Similar(49)
That equates to an annual percentage rate of 93 percent for a comparable "closed end" loan, the law center calculates.
Now, with opposition mounting to his plan to end loan guarantees for risky commercial shipbuilders, Mr. Bush faces the first test of his resolve.
The current rate for an end loan in a building that is only 25percentt owner-occupied would be about 9.5percentt, while in a building that is 90percentt owner-occupied it would be about 8percentt.
Wall Street ended loans for new reactors in the late 1970s because of high costs.
When the China Art Palace opened it featured a special show, "Congratulations From the World," of premier odds-and-ends loans from the British Museum, the Rijksmuseum in Amsterdam and the Whitney Museum of American Art.
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