first mortgage


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first mortgage

A security interest in property which takes precedence over all similar interests in the same property.
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2 million first mortgage for 66 Madison Avenue Apartment Corp.
26,000,000 Health and Educational Facilities Board of the City of Johnson City, TN hospital first mortgage revenue bonds (Mountain States Health Alliance) series 2001A;
A $1 million first mortgage and $800,000 line of credit for Gramatan Court Apartments, Inc.
2 million first mortgage and $250,000 line of credit for a 50-unit co-op at 50-21 39th Place in the Sunnyside neighborhood of Queens, NY;
AMAC originates and acquires mezzanine loans, bridge loans, and government-insured first mortgages secured by properties throughout the United States.
First mortgage of $575,000 on a 3 story walkup mixed-use building in the Corona section of Queens.
59,901,799 Health and Educational Facilities Board of the City of Johnson City, TN hospital first mortgage revenue bonds (Mountain States Health Alliance) series 2001B (to be refunded by series 2006 bonds);
6 million first mortgage for a 344-unit co-op at 230 Garth Road in Scarsdale, NY;
A $4 million first mortgage for Jefferson Avenue Owners Corp.
Transactions include a $2 million first mortgage and a $200,000 line of credit for a 72-unit co-op at 2640 Marion Avenue in Bronx, NY; a $1.
Similarly, under current disclosure practices, investors are not informed about the presence of simultaneous second mortgages, because loan eligibility requirements for GSE securities traded in forward "To Be Announced" (TBA) markets do not account for the potential impact of piggyback seconds on the payment performance of securitized first mortgages due to higher combined loan-to-value ratios.
Initially, the senior notes are secured with a like amount of first mortgage bonds.