The facility comprises a bridge loan
(the "Bridge Loan
") and a term loan (the "Term Loan ") of[euro]2 billion in aggregate and a revolving credit facility of[euro]500 million (the "RCF ").
Once plans have been filed and the developer receives his building permit, the borrower intends to refinance the bridge loan
with a bank construction loan.
3bn) loan agreement with a group of local banks to refinance an upcoming bridge loan
maturity and fund the development of hotels and shops in Makkah.
Six banks have joined a bridge loan
to back MetLife, Inc's (MET.
AGEA raised $4 million in bridge financing in 2000, but when the market went south, the terms of the bridge loan
gave its providers extremely attractive terms for taking a stake in the company.
Since June, when the bridge loan
was arranged, the state's attempts at a grand political settlement to bring major private-sector utilities back to full financial health stalled, and the governor, the state Legislature, the PUC and the DWR began squabbling.
A bridge loan
is used as a temporary means to carry a company during its start-up phase or until long-term funds such as grants or other loans can be secured.
NEW YORK -- Greystone, a leading national provider of multifamily and commercial mortgage loans, today announced the launch of the firm's healthcare bridge loan
Trevian Capital funded a $16,500,000 first-mortgage bridge loan
secured by a 400,000 square foot self-storage and warehouse property in Belleville, NJ.
75 million bridge loan
utilized to acquire a development site located on West 112th Street in West Harlem in Upper Manhattan.
Charlie Crist's office, small businesses in Northwest Florida that have been economically impacted by the BP oil spill may continue to apply for expedited, short-term financial help under the State of Florida Small Business Emergency Bridge Loan
Program through Oct.
A $10 million bridge loan
collateralized by a multifamily building on East 64th Street on Manhattan's Upper East Side.