Levelset

JULY 5, 2022

If you receive a notice that a lien has been filed on your property, you may wonder how it will affect your credit score and your ability to borrow money or get credit. Mechanics liens are different from other collection instruments, so they are treated differently when it comes to reporting on your credit history. What is a lien?

Lien 96

Lien Legal Bankruptcy Claims 96

Green Building Law Update

JUNE 25, 2017

In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder acknowledgment of a PACE loan is required.

Maryland 136

Maryland Lien Finance Cash Flow 136

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.

Finance 120

Finance Lien Residential Commercial 120

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.

Lien 120

Lien Finance Commercial DC 120

Green Building Law Update

SEPTEMBER 11, 2016

The concept is not new, but nationally including in Maryland, “residential” PACE programs were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding PACE obligations.

Baltimore 120

Baltimore Maryland Finance Residential 120

Levelset

AUGUST 16, 2022

Here are some factors you should consider to increase your chances of success with a potential project and your ability to secure a construction bond. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings. Scope of work compared with past projects. You will then add your under-billings to this total.

Risk 52

Risk Cash Flow Construction Banking 52

Buisness Facilities Contributed Content

MARCH 8, 2016

All contracted investment funds are required to secure at least a 2:1 match from private sources on its aggregate portfolio at the time of investment. Debt refinancing, tax delinquency, employee benefit arrearage. Typical financing structure: 50% Bank Loan. 40% JDA Loan. 10% Borrower Equity. Not Eligible.

New York 40

New York Finance Products Commercial 40