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  • ABC's of FHA Lending - 2012 Complete FHA Training and Resource Guide


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    Ashford Hospitality Trust Completes Refinancing of $167.2 Million Loan

    18.05.12 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that it has successfully refinanced its sole 2012 debt maturity.  The $167.2 million loan set to mature in May has been refinanced with a new $135.0 million loan that matures in May of 2014 and has three one-year extension options subject to satisfaction of certain conditions.  The new loan provides for a floating interest rate of LIBOR + 6.50%, with no LIBOR Floor.  Additionally, the new loan is secured by nine hotels as the Doubletree Guest Suites in Columbus, Ohio, is now unencumbered as a result of this restructuring.  The Company has listed the Doubletree Columbus for sale and plans to either sell or re-finance this hotel.  After selling or re-financing the Doubletree Columbus, the Company will have only utilized its restricted cash to fund the net paydown on the new loan.


    Source: Sacramento Bee

    Demand For Mortgage Triggers Skyrocketing Due to HARP 2.0 and FHA Refinancing

    18.05.12

    HARP 2.0 and the expanded FHA guidelines have been generating a massive increase in the number of credit inquiries. Titan List & Mailing Services, Inc., discusses how mortgage marketers are using triggers from credit inquiries to target HARP and FHA prospects

    Deerfield Beach, FL (PRWEB) April 25, 2012


    Source: Houston Chronicle