Mortgage modification

Appreciative homeowners received a $284,656.71 Principal Reduction with the help of Nonprofit Alliance of Consumer Advocates amidst the Pandemic

Retrieved on: 
Friday, May 21, 2021
Loans, Mortgage, Money, Finance, Economy, Mortgage loan, Unpaid principal balance, Mortgage modification, Principal balance, Homelessness

Some of those U.S. vets who were previously homeless are now employed through the Nonprofit clinic.

Key Points: 
  • Some of those U.S. vets who were previously homeless are now employed through the Nonprofit clinic.
  • With an unpaid principal balance of $387,621.46 they were delinquent $345,591.00 with a total mortgage payment of $10,393.16 a month.
  • The Nonprofit Alliance of Consumer Advocates helped reduce their interest rate from adjustable 5.875% to a low fixed 3% and lowered their mortgage payment down to $3,744.33.\nMr.
  • & Mrs. Contreras-Cortez still cannot express their sincerest appreciation enough to the Nonprofit Alliance of Consumer Advocates for working so hard in obtaining such a phenomenal loan modification through a pandemic.

Flower One Issues Common Shares to Its Term Lender Per the Term Loan Modification Agreement

Retrieved on: 
Thursday, April 8, 2021
Alternative medicine, Retail, Health, Tobacco, Agriculture, Natural Resources, Specialty, Money, Finance, Loans, Economy, Mortgage, Personal finance, Mortgage modification, Valuation

Flower One Holdings Inc. (Flower One or the Company) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator and producer in Nevada, is pleased to announce the issuance on April 7, 2021 of 1,996,742 common shares (Shares) to RB Loan Portfolio II, LLC, a Delaware limited liability company (the Term Lender) and its respective loan participants, pursuant to the terms of the previously signed loan modification agreement (the Loan Modification Agreement).

Key Points: 
  • Flower One Holdings Inc. (Flower One or the Company) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator and producer in Nevada, is pleased to announce the issuance on April 7, 2021 of 1,996,742 common shares (Shares) to RB Loan Portfolio II, LLC, a Delaware limited liability company (the Term Lender) and its respective loan participants, pursuant to the terms of the previously signed loan modification agreement (the Loan Modification Agreement).
  • As previously announced on January 26, 2021, the Company and its various subsidiaries entered into the Loan Modification Agreement with the Term Lender with respect to its existing USD$30 million term debt, secured by the facility at 3950 N. Bruce St., North Las Vegas, NV.
  • In accordance with the terms of the Loan Modification Agreement, the Company has issued 1,996,742 Shares (subject to a six-month lock-up agreement) at a deemed price of CAD$0.2065 per Share to the Term Lender in satisfaction of such modification fee payable to the Term Lender pursuant to the Loan Modification Agreement.
  • Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada.

California Homeowner Goes into Hardship, Losing Job Due to COVID-19 Unable to Make Mortgage Payments, Turns to NonProfit Alliance for a Permanent Loan Modification

Retrieved on: 
Thursday, January 14, 2021
Mortgage, Loans, Personal finance, Mortgage modification, Valuation

Additionally, her husband, Mr. Acientuno had an accident constraining him out of work, and leaving him disabled.

Key Points: 
  • Additionally, her husband, Mr. Acientuno had an accident constraining him out of work, and leaving him disabled.
  • Now the two are financially grappled and incompetent of making mortgage payments.
  • After countless unsuccessful attempts getting a bridge loan or litigation, Mr. and Mrs. Acientuno turned to NonProfit Alliance of Consumer Advocates for aid getting a loan modification.
  • Processor, Ana Cruz, worked endlessly with Mr. and Mrs. Acientuno to get them a loan modification suitable for their commiseration.

Urban Edge Properties Completes Debt Modification at Las Catalinas Mall and Announces Special Dividend

Retrieved on: 
Monday, December 14, 2020
Retail, Other Retail, Other Construction & Property, Department Stores, Commercial Building & Real Estate, Construction & Property, REIT, Mortgage, Money, Finance, Loans, Personal finance, Economy, Caguas, Puerto Rico, Economic history of Puerto Rico, Las Catalinas Mall, Mortgage modification, Mortgage loan, Special dividend

Urban Edge Properties (NYSE:UE) (the Company) announced the modification and extension of the mortgage encumbering Las Catalinas Mall located in Puerto Rico and a special dividend of $0.46 per share primarily resulting from the tax gain on the modification.

Key Points: 
  • Urban Edge Properties (NYSE:UE) (the Company) announced the modification and extension of the mortgage encumbering Las Catalinas Mall located in Puerto Rico and a special dividend of $0.46 per share primarily resulting from the tax gain on the modification.
  • The debt modification at Las Catalinas Mall provides us with significantly improved financial flexibility and strengthens our ability to attract best-in-class tenants at the property.
  • The Company has executed a loan modification agreement pertaining to the $129 million, 4.4% mortgage loan encumbering Las Catalinas Mall.
  • The special dividend is based on the Companys expected 2020 taxable income which includes the tax gains associated with the Las Catalinas debt modification and the previously announced debt forgiveness and refinancing of the mortgage loan on The Outlets at Montehiedra.