BankAtlantic: Profits down, problem loans up – a category that includes residential development and construction. In its earnings release, BankAtlantic said the current environment for residential land acquisition and development loans is a.
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South Florida Multifamily Projects Secure $67M in HUD Loans – MIAMI-Two South Florida multifamily projects have secured two HUD 221 (d)(4) New Construction Loans totaling $67 million to help finance. The borrowers are first time HUD borrowers that have owned.
Hi, We just closed on our construction loan. The lender, a CU, and the title company (cu owned) both said that they never heard of borrowers taking out title insurance on a new house being built on land that already was covered by an owner’s title policy, as is ours. We declined the title insurance,
Paramount Miami Worldcenter clinches $285M construction loan – It’s become increasingly difficult for South Florida condo developers to secure construction loans over the past year or two. Paramount Ventures went to market for a construction loan last year, Kodsi.
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TOP LAWMAKERS OKAY AIRPORT LOAN – Martinez said Thursday he was pleased with the progress lawmakers were making on a construction program for Florida’s Turnpike. to buy one tract of land for the runway. Airport lobbyist Bob.
Florida Bank, Used as ATM by Insiders, Won TARP Loan But Now Teeters – Rubio received a 2006 loan from the bank while serving as Florida’s. Rubios locked in a pre-construction price of $550,000 a year before the closing on the house, making the time between appraisals.
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