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Beachwood Place owner could go bankrupt, fail - Cleveland Plain Dealer BlogThe owner of Beachwood Place mall could file for bankruptcy protection if it can't refinance or delay repaying a mountain of debt. General Growth Properties, one of the nation's largest owners of shopping malls, warned late Monday in a regulatory ...
Beachwood Place mall owner faces risk of bankruptcy - Cleveland Plain DealerThe owner of Beachwood Place mall could file for bankruptcy protection if it can't refinance or delay repaying a mountain of debt. General Growth Properties, one of the nation's largest owners of shopping malls, warned late Monday in a regulatory ...
Mayor: 'I don't believe we are going to lose Beachwood Mall' - WKYCNEW YORK -- The company that owns Beachwood Place in Beachwood, as well as more than 200 other shopping malls across the U.S., could be filing for bankruptcy. Chicago-based General Growth Properties Inc. stock fell more than 68 percent Tuesday ...
Taking Aim at a Debt Burden - Wall Street JournalShopping-center owner Developers Diversified Realty Corp. intends to sell stakes in several of its retail properties to institutional investors in a bid to raise capital to pay down debt. Meanwhile, Developers Diversified said the liquidation of a ...
Developer Bob Stark drops Warehouse District plans - Cleveland Plain DealerBialosky & Partners, Stark Enterprises This rendering shows part of the Warehouse District development proposed by Stark Enterprises. It looks southeast, toward Terminal Tower, from Frankfort Avenue and West Sixth Street. Developer Bob Stark is ...
Developers Diversified still manages financing - Cleveland Plain Dealer BlogDespite the crunch on credit and the slowdown of commercial real estate deals, Developers Diversified Realty closed $525 million worth of financing deals and pulled in $73 million from asset sales during the third quarter. The quarter ended Sept. 30 ...
Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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