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Examples
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The company also entered into interest rate swaps to convert the term loan's LIBOR rate to a fixed interest rate, providing the company an effective fixed interest rate on the term loan of 3.46% per annum based on the company's current credit ratings.
unknown title 2012
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As some of you may have seen from the 8-K filed on July 25, we extended the availability period for the $125 million delayed draw term loan that was put in place in connection with less ph of our bank facility, to the extent that we source additional actual investment opportunities as the year progresses, this bank term loan maybe an attractive medium term funding alternative for us, so we were pleased to extend the term loan's availability period and we appreciate the assistance provided by our bank in this regard.
unknown title 2011
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The unsecured term loan's three tranches have maturity dates staggered in one-year intervals.
unknown title 2011
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The loan's buyer foreclosed on the property, and the Microtel has been empty since March.
From Hotel Owner to the Hired Help Joel Millman 2011
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The loan's terms also include an interest-rate cover of 150%, and loan-to-value may not exceed 70%.
Big Loan for Deutsche Bank Towers William Boston 2011
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The firm also will put up some of its own money so that it retains some of each loan's risk.
New Firm's Goal: Big Deals for Small Banks Deborah Solomon 2011
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In June, Webster Financial Corp.'s Webster Bank shrank the monthly payments on their $295,000 mortgage by 17% to $1,585, lowered the interest rate and lengthened the loan's term.
For Lender, Foreclosure Has Become Dirty Word Ruth Simon 2011
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But the property's owner, a partnership of London-based Investcorp Properties Ltd. and the Procaccianti Group of Cranston, R.I., and the loan's servicer, C-III Asset Management, recently resolved the matter by modifying the loan, and the past-due payments were made this month.
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The building's income was insufficient to cover the loan's interest for the first five years, according to loan documents.
Tower Deal Could Test Prime Sites Laura Kusisto 2011
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The loan's terms also include an interest-rate cover of 150%, and loan-to-value may not exceed 70%.
Big Loan for Deutsche Bank Towers William Boston 2011
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