| 550 Maguire Refinance Funds
LOS ANGELES-Maguire Properties has completed a $550 million refinancing of its Wells Fargo Tower in Downtown Los Angeles that will provide $225 million in funding toward Maguire's $3 billion purchase of a portfolio of Southern California office buildings from Equity Office Properties. The new loan on the 1.4-million-sf Wells Fargo Tower is a 10-year fixed rate, interest-only financing at a rate of 5.68%. Maguire will realize net proceeds of the refinancing after repayment of an existing $250 million mortgage loan and payment of defeasance costs on the Wells Fargo Tower. Closing costs and loan reserves total approximately $290 million in the deal. .
Bad Credit Mortgage Company - Recognizing Mortgage Lender Scams
Editor's Note: One of the concerns many borrowers have is their lending company. Is it a good company? Are they fair and are they looking out for my best interest and not just theirs? There are some things you should look out for. Here is an article on the subject: Mortgage lenders recognize the value of owning a home. Because some people will not easily qualify for a home loan, several lenders have begun offering home loans to tailor a variety of needs. For this matter, bad credit mortgage lenders have gained widespread popularity. The majority of bad credit lenders are sincere in their efforts to help you finance a home. However, some lenders are only concerned about their profit, and will not offer the best rate and terms. Pitfalls of Having Bad Credit .
Terme Mortgage, Inc. Offers Lower Margin HECMs and Fixed Rate ...
SUMMIT, Ill.-(Business Wire)-April 6, 2007 - Terme Mortgage, Inc.(the "Mortgage Company"), a subsidiary of Terme Bancorp, Inc., (the "Company") (Pink Sheets: TEMB.PK) announced today that it is one of the first lenders in Illinois to offer the federally insured, variable rate Home Equity Conversion Mortgage (HECM) product with a lower margin and a separate, fixed rate Reverse Mortgage product. .
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