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Help support Wordnik (and make this page ad-free) by adopting the word first-mortgage.
Examples
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That sum paid most of the $4.1 billion of first-mortgage debt on the chain's hotels, but left nothing for the mezzanine lenders.
Judge Rules Against Lightstone Kris Hudson 2011
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These loans are behind the $3 billion first-mortgage loan, but both secure the property.
Pershing, Winthrop to Buy Debt in Peter Cooper Village/Stuyvesant Town Complex 2010
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Starwood already holds about $131 million of the first-mortgage debt of Extended Stay and an additional $123 million of the mezzanine, or junior, debt.
Extended Stay Chain Switches Bedfellows Lingling Wei 2010
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The Starwood proposal also calls for some existing holders of Extended Stay's $4.1 billion first-mortgage debt to continue holding their debt, known as "rolling" their positions.
Extended Stay Chain Switches Bedfellows Lingling Wei 2010
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Starwood already holds about $131 million of the first-mortgage debt of Extended Stay and an additional $123 million of the mezzanine, or junior, debt.
Extended Stay Chain Switches Bedfellows Lingling Wei 2010
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U.S. Bancorp, which act as trustees for the first-mortgage holder, marks the opening salvo in a legal battle that could keep a cloud of uncertainty for months over the 56-building complex.
Mortgage Trustees Sue to Block Stuyvesant Town Foreclosure 2010
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The complaint says a foreclosure could cost as much as $200 million in transfer taxes, which would be paid by the investors who own the first-mortgage debt.
Tenants Woo Calpers 2010
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Real-estate investment firm RCG Longview, founded by Wall Street legend Peter Cohen, recently bought the $65 million first-mortgage debt on the building from Bank of America Corp. for about 75 cents on the dollar, according to people familiar with the matter.
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The complaint says a foreclosure could cost as much as $200 million in transfer taxes, which would be paid by the investors who own the first-mortgage debt.
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The Starwood proposal also calls for some existing holders of Extended Stay's $4.1 billion first-mortgage debt to continue holding their debt, known as "rolling" their positions.
Extended Stay Chain Switches Bedfellows Lingling Wei 2010
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