Balloon payment mortgage

Why a Balloon Payment Makes Financial Sense When Used Correctly

Retrieved on: 
Wednesday, June 16, 2021
Mortgage, Money, Finance, Loans, Financial services, Balloon payment mortgage, Refinancing, Second mortgage, Personal contract purchase

Leading finance brokerNational Loansexplains that balloon payment car loans can make financial sense when used correctly and, depending on cash flow, can provide greater flexibility to buyers.

Key Points: 
  • Leading finance brokerNational Loansexplains that balloon payment car loans can make financial sense when used correctly and, depending on cash flow, can provide greater flexibility to buyers.
  • A balloon payment is often referred to as a residual payment.
  • Balloon payment car loans are well-suited to those who like to upgrade their vehicle often.
  • For those with a good credit history, refinancing the loan to cover the balloon payment is another option.

Medcolcanna Organics Announces Closing of Bridge Loan Arrangement

Retrieved on: 
Wednesday, March 24, 2021
Loans, Money, Finance, Economy, Amortization, Bridge loan, Balloon payment mortgage, Negative amortization

Under the terms of the Bridge Loan, the Lenders provided an initial bridge loan financing amount of $275,000 for a two-year term at an annual interest rate of 7.85%, with interest payments completed quarterly and with amortization of same commencing fifteen months from the date of the loan.

Key Points: 
  • Under the terms of the Bridge Loan, the Lenders provided an initial bridge loan financing amount of $275,000 for a two-year term at an annual interest rate of 7.85%, with interest payments completed quarterly and with amortization of same commencing fifteen months from the date of the loan.
  • The Company is now pleased to announce that an additional amount of CDN$475,000 was made available pursuant to the Bridge Loan, bringing the total available loan which was ultimately advanced to CDN$750,000.
  • Payments on the principal of the Bridge Loan are deferred until fifteen months after the commencement of the Bridge Loan, unless certain financing events or positive cash flow milestones are achieved by the Company wherein repayment of the Bridge Loan would be accelerated.
  • As part of the Bridge Loan arrangement, 11.25 million warrants with an exercise price of $0.10 over a two-year term were issued to the Lenders.

Medcolcanna Organics Announces Bridge Loan Arrangement

Retrieved on: 
Thursday, February 4, 2021
Loans, Money, Finance, Economy, Bridge loan, Amortization, Balloon payment mortgage

Bogot, Colombia--(Newsfile Corp. - February 4, 2021) - Medcolcanna Organics Inc. (NEO: MCCN) ("Medcolcanna", "MCCN" or the "Company"), a leading Colombian and globally integrated cannabis company, announces an update with respect to the previously announced bridge loan arrangement with certain executive officers (the "Lenders") of the Company (the "Bridge Loan"), as more particularly set forth in the press release dated January 4, 2021.

Key Points: 
  • Bogot, Colombia--(Newsfile Corp. - February 4, 2021) - Medcolcanna Organics Inc. (NEO: MCCN) ("Medcolcanna", "MCCN" or the "Company"), a leading Colombian and globally integrated cannabis company, announces an update with respect to the previously announced bridge loan arrangement with certain executive officers (the "Lenders") of the Company (the "Bridge Loan"), as more particularly set forth in the press release dated January 4, 2021.
  • Under the terms of the Bridge Loan, the Lenders provided an initial bridge loan financing amount of $275,000 for a two-year term at an annual interest rate of 7.85%, with interest payments completed quarterly and with amortization of same commencing fifteen months from the date of the loan.
  • Pursuant to recent amendments to the term of the Bridge Loan, an additional amount of $225,000 is to be made available pursuant to the Bridge Loan on or after January 21, 2021 with an option commencing that date and lasting until February 21, 2021 for an additional $250,000 (the "Override Amount"), bringing the total available loan amount to $750,000.
  • Payments on the principal of the Bridge Loan are deferred until fifteen months after the commencement of the Bridge Loan, unless certain financing events or positive cash flow milestones are achieved by the Company wherein repayment of the Bridge Loan would be accelerated.

SBA Interest Rates Hit All-Time Historic Low – Small Business Wins with the 504 Program

Retrieved on: 
Thursday, June 11, 2020
Professional services, Small business, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Economy, Mortgage, Money, Finance, Refinancing, Commercial mortgage, Mortgage loan, SBA 504 Loan, Small Business Administration, Cash out refinancing, Debt, Balloon payment mortgage

Small Business Administration (SBA) commercial mortgage interest rates have fallen to an all-time historic low, creating a very timely and affordable opportunity for small business owners to refinance conventional mortgage and other business related debt with or without a cash-out option or purchase commercial real estate.

Key Points: 
  • Small Business Administration (SBA) commercial mortgage interest rates have fallen to an all-time historic low, creating a very timely and affordable opportunity for small business owners to refinance conventional mortgage and other business related debt with or without a cash-out option or purchase commercial real estate.
  • The SBA 504 Loan Program available through Florida First Capital Finance Corporation provides up to 90% project financing at below-market, fixed interest rates (no ARMS) and fully amortizing terms up to 25 years (no balloons).
  • SBA 504 fixed interest rates are currently as low as 2.52%.
  • Small business owners who are considering refinancing or purchasing commercial real estate need to act now given the current unprecedented low rate environment.

RCI Reports 1Q20 Results and Files 10-Q

Retrieved on: 
Thursday, February 27, 2020
Mortgage, RCI Hospitality Holdings, Economy, Service industries, RCI, Balloon payment mortgage, Refinancing

"Nonetheless, we continued to move forward in 1Q20 with our capital allocation strategy.

Key Points: 
  • "Nonetheless, we continued to move forward in 1Q20 with our capital allocation strategy.
  • "To increase our financial flexibility, in 1Q20 and 2Q20 we refinanced $12.2 million of debt, eliminating $10.8 million of near-term non-realty balloon payments, to avoid any large near-term cash needs.
  • All references to the "company," "we," "our," and similar terms include RCI Hospitality Holdings, Inc. and its subsidiaries, unless the context indicates otherwise.
  • With more than 40 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in gentlemen's clubs and sports bars/restaurants.

Amortization Calc Releases Official Mortgage Payment Calculator for Mortgage Repayment Estimations

Retrieved on: 
Friday, March 8, 2019
Economy, Loans, Money, Mortgage, Finance, Mortgage calculator, Mortgage loan, Amortization, Calculator, Refinancing, Balloon payment mortgage, Negative amortization

8, 2019 Amortization Calc, a popular mortgage, loan, and payment configuration platform, working to provide people everywhere with quick and accurate estimates for life's biggest purchases, this week announced they have released their latest calculator: the Mortgage Payment Calculator.

Key Points: 
  • 8, 2019 Amortization Calc, a popular mortgage, loan, and payment configuration platform, working to provide people everywhere with quick and accurate estimates for life's biggest purchases, this week announced they have released their latest calculator: the Mortgage Payment Calculator.
  • Now a conveniently available resource that will help simplify the financial implications involved in mortgage financing, the Mortgage Payment Calculator requires just four different pieces of information to generate today's mortgage rates.
  • Additional loan calculators available through Amortization Calc include loan calculators, mortgage calculators, and refinance calculators with amortization schedules.
  • Amortization Calc does note that since the mortgage calculator does not include taxes or insurance, the results should be used to estimate repayments.

Hunt Real Estate Capital Refinances a Multifamily Property Located in Miami, Florida

Retrieved on: 
Friday, August 10, 2018
Economy, Real estate, Finance, Mortgage industry of the United States, Fannie Mae, Commercial property, Real estate entrepreneur, Commercial mortgage, Balloon payment mortgage

NEW YORK, Aug. 10, 2018 /PRNewswire/ -- Hunt Real Estate Capital , a leader in financing commercial real estate throughout the United States, announced today it provided a Fannie Mae Small Balance Loan in the amount of $1.4 million to refinance a multifamily property located in Miami, Florida.

Key Points: 
  • NEW YORK, Aug. 10, 2018 /PRNewswire/ -- Hunt Real Estate Capital , a leader in financing commercial real estate throughout the United States, announced today it provided a Fannie Mae Small Balance Loan in the amount of $1.4 million to refinance a multifamily property located in Miami, Florida.
  • The borrower is Magic City Apartments LLC, a single-purpose, Florida Limited Liability Company backed by a local real estate investor.
  • Hunt Real Estate Capital , part of Hunt Companies, Inc., is a leader in financing commercial real estate throughout the United States.
  • Headquartered in New York City, Hunt Real Estate Capital has 241 professionals in 24 locations throughout the United States.

Iron Mountain Closes on Amendment and Refinancing of Senior Secured Credit Facilities

Retrieved on: 
Monday, June 4, 2018
Economy, Money, Finance, Loans, Personal finance, Mortgage, Refinancing, Credit, Amortization, Revolving credit, Balloon payment mortgage

The refinancing extends the maturity date for the revolving credit and term loan A facilities to June 2023 from August 2022.

Key Points: 
  • The refinancing extends the maturity date for the revolving credit and term loan A facilities to June 2023 from August 2022.
  • The refinancing also reduces the interest rate margins applicable to existing and future borrowings under the facilities by 25 basis points.
  • The maturity, amortization and interest rate terms of the company's existing $700.0 million term loan B facility under the credit agreement were unaffected by the amendment and refinancing.
  • Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services.

Iron Mountain Closes on Amendment and Refinancing of Senior Secured Credit Facilities

Retrieved on: 
Monday, June 4, 2018
Economy, Money, Finance, Loans, Personal finance, Mortgage, Refinancing, Credit, Amortization, Revolving credit, Balloon payment mortgage

The refinancing extends the maturity date for the revolving credit and term loan A facilities to June 2023 from August 2022.

Key Points: 
  • The refinancing extends the maturity date for the revolving credit and term loan A facilities to June 2023 from August 2022.
  • The refinancing also reduces the interest rate margins applicable to existing and future borrowings under the facilities by 25 basis points.
  • The maturity, amortization and interest rate terms of the company's existing $700.0 million term loan B facility under the credit agreement were unaffected by the amendment and refinancing.
  • Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services.