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A personal loan is money that you borrow to cover a one-time expense. The most common reason people use personal loans is to pay down high-interest debt, thanks to their relatively low interest ...
Robert Slattery owns a piece of Tacoma’s history. It’s something the 43-year-old real estate investor is proud of. Six years ago he purchased the historic Blackwell mansion, the nearly 9,000 ...
Vale Group LLC, doing business as Vulcan Real Estate, is an American private holding company based in Seattle, Washington. [4] The company was founded as Vulcan Inc. in 1986 by Microsoft co-founder Paul Allen and his sister Jody Allen [ 5 ] to establish and oversee the family's diverse business activities and philanthropic endeavors.
Recourse debt or recourse loan is a debt that is backed by both collateral from the debtor, and by personal liability of the debtor. [2] This type of debt allows the lender to collect from the debtor and the debtor's assets in the case of default, in addition to foreclosing on a particular property or asset as with a home loan or auto loan.
The loan amount the hard money lender is able to lend is determined by the ratio of loan amount divided by the value of the property. This is known as the loan to value (LTV). Many hard money lenders will only lend up to 65% of the current value of the property. [3] There is no such thing as 100% LTV for this type of transactions.
Rent prices will be $533-$888 for a studio and $571-951 for a one bedroom. The project will include street-level retail. The existing building at the site will be demolished, according to Pritchard.
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