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Alico refinances term loan, credit line
Posted: September 8th, 2010, 6:19pm CDT
Land management company Alico Inc. said Wednesday it has obtained $100 million in credit to refinance its term note and revolving credit line with Farm Credit of Southwest Florida. -
ProLogis Closes on Three Loan Extensions for ProLogis Mexico Industrial Fund
Posted: September 8th, 2010, 4:00pm CDT
ProLogis , a leading global provider of distribution facilities, announced today that it has closed on three loan extensions for ProLogis Mexico Industrial Fund , totaling $214 million, effectively extending the weighted average term of the Fund's debt by 4.4 years. Â The Fund's prior debt balance of $269 million was previously scheduled to mature in 2012 and 2013. Â -
Mortgage Purchase Applications Up, Refinance Applications Fall Slightly
Posted: September 8th, 2010, 3:53pm CDT
RISMEDIA, September 9, 2010—The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending September 3, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.5% on a seasonally adjusted basis from… -
Help for homeowners who haven't missed a payment
Posted: September 8th, 2010, 3:16pm CDT
Borrowers who are up-to-date with their payments but have seen their home's value drop way below their loan amount could get help from a new government program. -
Alliant Techsystems Seeks to Refinance Loans
Posted: September 8th, 2010, 12:29pm CDT
Alliant Techsystems seeks to replace existing loans with $600M revolver, $400M term loan Business - Alliant Techsystems - Financial Services - United States - NASA -
Alliant Techsystems seeks to refinance loans
Posted: September 8th, 2010, 12:26pm CDT
Alliant Techsystems seeks to replace existing loans with $600M revolver, $400M term loan -
Tata Steel to raise up to US$5.5b loan
Posted: September 8th, 2010, 11:32am CDT
KOLKATA: India's Tata Steel, the world's No. 7 steelmaker, is in talks with banks to raise between US$4.5 billion and US$5.5 billion (US$1 = RM3.11) loan to refinance debt at its European unit Corus, its managing director said yesterday. "We are in talks with bankers to refinance our European loans," H.M. Nerurkar told reporters. The company had said last month it was looking to refinance ... -
Home Loan Applications Drop; Mortgage Rates Up
Posted: September 8th, 2010, 10:00am CDT
The Mortgage Bankers Association Says Applications Fell 1.5 Percent From Last Week While Rates Inched Up 0.07 Percent -
More People Going With 15-Year Home Loan
Posted: September 7th, 2010, 6:01pm CDT
CLEAR LAKE, IA - People looking to buy a home or refinance an existing mortgage are opting for a shorter loan. During the first six months of 2010, 26 percent of homeowners who refinanced chose a 15-year fixed rate mortgage. That's compared to just 18.5 percent in all of 2009. -
First Gen signs $142-M bank loan
Posted: September 6th, 2010, 11:46am CDT
FIRST GEN Corp. yesterday signed a $142-million loan to finance the Lopez-led firm’s investments and capital requirements. -
First Gen takes out $142-M loan from nine banks to fund capex
Posted: September 6th, 2010, 11:27am CDT
LOPEZ-led First Gen Corp. has obtained a $142-million loan from a group of banks to finance investments and other capital requirements. -
First Gen gets $142-M term loan facility
Posted: September 6th, 2010, 10:51am CDT
Lopez-controlled First Gen Corporation has inked a $142-million 6-year and 7-year term loan facilities arranged by BDO Capital and Investment Corporation as issue manager and sole bookrunner. In a disclosure to the Philippine Stock Exchange (PSE), First Gen noted that the facility was raised from a consortium of foreign and commercial banks composed of Banco de Oro, Security Bank, Bank of the ... -
Daimler Is Said to Plan Refinancing of $8.8 Billion in Loans Due Next Year
Posted: September 6th, 2010, 10:14am CDT
Daimler AG , the world’s second- biggest luxury carmaker, plans to refinance more than $8 billion of loans due in 2011 to take advantage of improving credit market conditions, two people familiar with the matter said. -
First Gen inks $142-M loan
Posted: September 6th, 2010, 7:53am CDT
The Lopez-led First Gen Corp. signed on Monday a $142-million loan, which would be used largely to fund investments and finance capital requirements for the various growth initiatives of the company. -
Refinance plan has its critics
Posted: September 6th, 2010, 5:27am CDT
The government will launch a refinance program this month that targets homeowners who are underwater on their mortgage but have not missed a monthly payment. -
First Gen takes out $142-million syndicated loan
Posted: September 6th, 2010, 3:32am CDT
First Gen Corp., the power generation unit of the Lopez group, took out a syndicated loan amounting to $142 million. -
Philippines' First Gen gets $142-mln term loan
Posted: September 6th, 2010, 1:25am CDT
MANILA, Sept 6 (Reuters) - Philippine power producer First Gen Corp said on Monday it has signed a $142-million term loan with a consortium of nine foreign and local banks, with the proceeds to be used to fund investments and capital spending and refinance debt. -
First Gen signs $142-M loan with consortium of banks
Posted: September 6th, 2010, 12:17am CDT
MANILA, Philippines - First Gen Corp. has signed a $142-million loan with a consortium of foreign and commercial banks. -
Refinance went through with a subordinate clause
Posted: September 5th, 2010, 2:41am CDT
Mortgage broker: Kevin Casey, Guarantee Mortgage, Opera Plaza Property type: A one-bedroom condo in SoMa's Infinity development Appraised value: $600,000 Borrowing amount: $417,000 Loan type: 30-year fixed Rate:... Refinancing - Mortgage - Business - Financial Services - Appraised value -
Unlike redoing mortgages, refinancing a car loan is quick, easy, and profitable
Posted: September 2nd, 2010, 11:11am CDT
It’s easy to overlook the cost of auto loans. Yet rates on auto loans have edged lower. And car buyers who didn’t get the best terms in the past year or so can refinance their loans. Loan - Mortgage - Refinancing - Automobile - Business -
Lapolla Receives $12.5M Asset-Based Loan From Bank of America Business Capital
Posted: September 2nd, 2010, 9:25am CDT
Financing Adds Working Capital and Strengthens Balance SheetHOUSTON, TX -- Lapolla Industries, Inc. ... -
Dana Blair of Love Funding Closes $6.56 Million Refinance Loan for Multifamily Housing Complex in Dallas
Posted: September 2nd, 2010, 6:14am CDT
Dallas - Love Funding today announced that its Dallas office closed a $6,560,000 non-recourse loan for the refinance of Aspen Chase, a 288-unit multifamily housing complex located in Dallas. -
Summary Box: Mortgage applications edge up
Posted: September 1st, 2010, 12:38pm CDT
HOME LOAN VOLUME UP: Mortgage applications rose 2.7 percent last week from the week before, the Mortgage Bankers Association said. REFINANCES LEAD WAY: The number of borrowers looking to refinance rose 2.8 percent and made up 83 percent of all new loan activity. -
More U.S. borrowers apply to refinance at lowest rates in decades
Posted: September 1st, 2010, 11:10am CDT
NEW YORK, N.Y. - Mortgage applications in the United States rose 2.7 per cent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments. -
More borrowers apply to refinance at lowest rates in decades, loan applications up 2.7 percent
Posted: September 1st, 2010, 10:48am CDT
NEW YORK - Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments. -
Mortgage Applications Rise 2.7 Pct on Low Rate
Posted: September 1st, 2010, 10:45am CDT
More borrowers apply to refinance on lowest rates in decades, loan applications up 2.7 percent Mortgage - Refinancing - Business - Financial Services - United States -
Home Loan Demand Rises As Rates Hit New Low
Posted: September 1st, 2010, 10:38am CDT
The nation's mortgage applications for home purchasing and refinancing increased last week as interest rates hit a new low, a glimmer of hope for a housing market that has failed to find footing in the absence of government support. -
US home loan demand rises as rates hit new low
Posted: September 1st, 2010, 6:59am CDT
US home loan demand rises as rates hit new lowUS home loan demand rises as rates hit new low -
Home mortgage refinance rates are low
Posted: September 1st, 2010, 5:00am CDT
Home mortgage refinance rates are low right now. How can you capture the best rate? -
Yonkers IDA to explore tax breaks, loan for senior complex and west side apartments
Posted: August 31st, 2010, 12:05pm CDT
YONKERS — The Yonkers Industrial Development Agency is considering a $6.4 million loan to a senior complex owner and tax breaks for a new, $20 million affordable-housing project. -
Paying Off the House in 15 Years
Posted: August 31st, 2010, 12:04pm CDT
A growing number of homeowners are choosing to pay down their mortgages at a faster rate--even if it means a substantial jump in their monthly payments. -
Can mom afford to work only part-time?
Posted: August 31st, 2010, 8:44am CDT
Shawn and Mary Kate DeRose live comfortably on a combined $133,000 income. They pay their debts, save for retirement, even have room to splurge on dinners out and high-end gym memberships. -
Anglo Irish Bank posts record first-half loss
Posted: August 31st, 2010, 7:05am CDT
Ireland's state-run Anglo Irish Bank reported a record first-half loss on Tuesday, hit by soaring bad debts, and revealed that the government had injected another 8.58 billion euros to prop it up. -
Alabama schools turn to bank loans to operate
Posted: August 31st, 2010, 4:44am CDT
Alabama schools have been having a rough time of it, and it only looks like it's going to get rougher. The Cotton State recently came in last place in the federal Department of Education's Race to the Top grant competition. And a steadfast global recession combined with the Gulf Coast oil spill this summer have put a severe strain on the state's tax receipts, the primary source of revenue for ... -
ECS Holdings gets US$89m of loans due 2013 to repay debt
Posted: August 31st, 2010, 3:07am CDT
ECS Holdings, a Singapore-based electronic cabling company, got $89 million ($120.7 million) of loans due 2013 to refinance debt, according to data compiled by Bloomberg . The term facility of US$77.88 million and a revolving loan of US$11.13 million were organized by banks including Oversea-Chinese Banking Corp., Sumitomo Mitsui Banking Corp. and United Overseas Bank, the data show ... -
Car loan rates slipping as lending costs drop
Posted: August 30th, 2010, 9:01pm CDT
NEW YORK -- It's easy to overlook the cost of auto loans with mortgage rates grabbing all the attention. -
84 Lumber closer to refinance goal
Posted: August 30th, 2010, 9:51am CDT
This article has been read 4075 times. -
Mortgage experts: Now is time to buy, refinance
Posted: August 30th, 2010, 7:39am CDT
Mortgage rates are at the lowest level in decades and those waiting to buy a home or refinance should wait no more. -
Refinancing can drive down auto payments
Posted: August 30th, 2010, 4:01am CDT
It's easy to overlook the cost of auto loans with mortgage rates grabbing all the attention.Rates on auto loans have edged lower, and car buyers who didn't get the best terms in the past year or so can save by refinancing their loans.Let's say you're paying 10 percent on a $20,000 loan. The average rate to refinance a three-year old car right now is about 8 percent, according to Bankrate.com. On ... -
Mixed reviews for new FHA refinance program for underwater owners
Posted: August 28th, 2010, 11:15pm CDT
The government will launch a refinance program next month that targets homeowners who are under water on their mortgage but have not missed a monthly payment. -
State law aims to help homeowners
Posted: August 28th, 2010, 11:07pm CDT
A new law that requires lenders to discuss loan modification options with homeowners in distress is drawing mixed criticism from experts who deal with foreclosure. -
Auto loan rates falling
Posted: August 28th, 2010, 11:03pm CDT
NEW YORK -- It's easy to overlook the cost of auto loans with mortgage rates grabbing all the attention. Yet rates on auto loans have edged lower as the cost of lending has gone down for banks. -
Lower mortgage rates not spurring refi boom
Posted: August 28th, 2010, 11:02pm CDT
With mortgage rates at record lows, there has never been a better time to refinance your mortgage. -
Mærsk in talks for multi-billion dollar bank loan
Posted: August 27th, 2010, 10:06am CDT
Shipping giant A.P. Moller-Maersk is currently in talks with select banks regarding a loan of several billion dollars, reportedly to refinance existing debt, according to Reuters and Bloomberg News. -
Leveraged-Loan Investors Demand Higher Yields as U.S. Recovery May Falter
Posted: August 27th, 2010, 9:04am CDT
Investors are demanding the highest yields in more than a month to buy leveraged loans amid concern that a recovery in the world’s largest economy may falter. -
Ledger
Posted: August 26th, 2010, 11:24pm CDT
Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed loan was 4.36 percent this week, down from 4.42 percent last week. Natural gas prices slump to lowest price of the year Natural gas prices on Thursday slumped to a record low for the year after the government reported a rise in U.S. supplies. The price of natural gas, which is used to produce electricity, tends to ... -
Officials back 84 Lumber loan designed to prevent cuts
Posted: August 26th, 2010, 11:23pm CDT
Fayette County commissioners voted Thursday to support a federal loan application that will keep 84 Lumber Co. from having to lay off more workers or close more stores in the immediate future. -
Fayette County to sponsor 84 Lumber $15 million loan request
Posted: August 26th, 2010, 9:23pm CDT
Fayette County commissioners yesterday approved sponsorship of a $15 million loan application for 84 Lumber that is expected to help the company retain 325 jobs across the state. -
Loan week, August 20-26
Posted: August 26th, 2010, 5:48pm CDT
A summary of the latest syndicated loan market news. -
Time Is Right to Refinance Your Auto Loan
Posted: August 26th, 2010, 5:07pm CDT
Rates on auto loans have edged lower as the cost of lending has gone down for banks. And car buyers who didn't get the best terms in the past year or so can capitalize by refinancing their loans.