How To Use First mortgage In A Sentence
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The winning bidder was a partnership between Normandy Real Estate Partners and Five Mile Capital Partners, which holds the senior portion of $700 million in so-called mezzanine debt, or the part that fills the gap between the first mortgage and a borrower's equity.
Half-Price Sale: Boston's Hancock Tower
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Usually, therefore, the second mortgagee persuades the first mortgagee to obtain repayment on the same occasion.
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He remembered the way the old boss, Bill Simon, had treated the first mortgage securities.
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It is believed that, in addition, the rule would be inapplicable if a clause respecting further advances to be made by the first mortgagee was brought to the second mortgagee's attention.
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Mr. Binder had attorned rents to the first mortgagee.
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Fortress used a strategy that is becoming increasingly popular among vulture investors: The private-equity firm first bought at a discount the $70 million controlling senior slice of the so-called mezzanine debt, which fills the gap between equity and the first mortgage.
Fortress Swoops Up New York Condo
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At the top of the list is the simple proposition that by adding a reference to the first mortgage as a prior encumbrance the lease was encumbered.
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Usually, therefore, the second mortgagee persuades the first mortgagee to obtain repayment on the same occasion.
