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The repaid indebtedness included all amounts outstanding under the Company's existing credit facilities. When the next interest payment on the bond is due, the purchaser will receive the entire amount. Get inside the trading strategies and macro ideas that feed global hedge fund managers like George Soros and Jim Rogers.
Since the selling broker is placing a great many loans, and usually through several lending institutions, he is in a position to get a quicker and often more favorable loan than the purchaser can on his own or working with the home owner-seller. Countrywide can protect your rate for 45 days 60 days on FHA and VA loans, plenty of time for processing a loan. There are all kinds of weirdo finishes out there, too. December 31, 1996 1,809 1,560 Term loans payable in equal monthly principal installments, final maturities in 2002, LIBOR plus 2.
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