Green Building Law Update
JULY 24, 2016
The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.
Green Building Law Update
JANUARY 24, 2016
In the event of a default, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent is required. There were not similar concerns expressed about commercial loans. Commercial PACE programs are still very new.
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Construction Lawyer
MAY 21, 2009
« Liability for green design | Main. Subcontractors Mechanics lien allowed where bank seized generals funds. 107108 (May 21, 2009), has ruled in favor of the subcontractor in enforcing a mechanics lien. Funds subject to a lien waiver are required to be held by the owner in trust for the subcontractor. Francis , No.
Construction Lawyer
SEPTEMBER 22, 2005
Waivers of liens: fraud. The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable. Listed below are links to weblogs that reference Waivers of liens: fraud : Recent Posts.
Levelset
AUGUST 4, 2022
For custom residential design, Gray recommends 8% to 15% of the cost of the project as the design fee , depending on the complexity and scope of work. If it’s a repetitive design, like a prototype hotel or restaurant, the percentage may be reduced to as low as 2%. Financing activities include stock offerings and long-term debt.
Buisness Facilities Contributed Content
MARCH 8, 2016
Beginning Entrepreneur Loan Guarantee Program: Designed to assist in business start-up financing by providing a financial institution with guaranty of a loan not to exceed $200,000. MATCH Program: Designed to encourage and attract financially strong companies to North Dakota. The maximum limit is $1,000,000 per project.
Buisness Facilities Contributed Content
JULY 11, 2014
Beginning Entrepreneur Loan Guarantee Program: Designed to assist in business start-up financing by providing a financial institution with guaranty of a loan not to exceed $200,000. PACE Program: The PACE Fund is designed to assist North Dakota communities in expanding their economic base by providing for new job development.
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