Pro Builder
AUGUST 6, 2021
Chicago, Philadelphia, and New York experienced the largest declines in underwater homes during that period, reports National Mortgage News. On the flip side, “equity-rich” homes that have a value at least double the loan balance, increased by 4.2 There remain pockets of the country where housing debt-traps are widespread.
Buisness Facilities Contributed Content
MAY 22, 2014
They also will be eligible to give property tax abatements for new development, allowing cities like Camden to spur development and compete with Philadelphia for private-sector jobs and residential growth. Projects in these cities will have significantly lower eligibility thresholds and higher incentive levels.
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Pro Builder
MAY 29, 2020
“I just became more averse to that [spec homes and lots] type of debt, so rather than carry land debt on the balance sheet, I worked on growing more locations and investing more in the company and in people,” Allen says. If the market did roll over, he might have to lay people off, but would not be stuck with land debt.
Business Facilities
OCTOBER 24, 2008
Those of us who have looked to the self-interest of lending institutions to protect shareholders equity, myself included, are in a state of shocked disbelief, he said. They used these to bundle ridiculous sub-prime mortgages and spread the unsecured debt throughout the global financial system. Philadelphia success story.
Buisness Facilities Contributed Content
JUNE 5, 2014
The Life Sciences Greenhouse of Central Pennsylvania provides investment funding up to $1 million in milestone-driven convertible debt or equity financing to viable seed-stage or established life sciences companies that have significant potential for commercial growth.
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