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n a right given to the creditor over the property of the debtor for the security of the debt; invests the creditor with the power to have the property seized and sold in default of payment.
References in periodicals archive ?
The bank is hoping that the five-year and ten-year IRS tool and the mortgage notes programme will help loose monetary conditions to affect longer-dated bonds.
The expansion of the Secure PLUS Note Program is part of the increased demand for hassle-free passive income and the best quality Real Estate Mortgage Notes from Secure Note Capital.
Whole mortgage notes produce income from the underlying mortgages.
Proceeds combined with a capital contribution from the company will be used by Wynn Las Vegas LLC to buy and make consent payments for any and all of the issuers' 6 5/8% first mortgage notes due 2014, validly tendered and accepted under its concurrent offer to purchase and consent solicitation related to the 2014 notes and redeem those not tendered.
Blumenkehl continued, “After we acquired the non performing mortgage note, we were able to secure the property and provide much needed attention to bring vibrancy and market-attract ability back to the property and regain favorable status as an asset to the local community.
Casino resorts operator Wynn Resorts Limited (NASDAQ:WYNN) said on Friday that its subsidiaries Wynn Las Vegas LLC and Wynn Las Vegas Capital Corp intend to commence an offer to exchange all outstanding 6 5/8% First Mortgage Notes due 2014 for 7 7/8% First Mortgage Notes due 2020.
com([R]) allows qualified investors and small investment groups to buy individual mortgage notes secured by real property from around the country, finally giving investors of all types access to the historically exclusive secondary market.
com has expanded access to the secondary market for mortgage notes to investors of all types, not just those with insider connections.
With investors thirsty for new places to put their money, many have turned to mortgage notes as a means to invest in real estate without enduring the hassles of home ownership.
BigBidder empowers the individual investor with a wide variety of mortgage notes.
75% general & refunding mortgage notes, series P 'BBB-'.