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Adjusted Cash from Facility. three bridge loans totaling approximately $80 million; two of which mature in 2020 and the other in 2021, and approximately million of long-term variable rate debt.
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Construction Loan What are new construction loans? New construction loans are short-term loans that enable the construction of a project to completion. Upon completion, the permanent loan or "end financing" will be used to pay off the interim new construction loan. The term on a construction loan is short duration of 6 months to a year.
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The bad news is that a fund may fall out. It regularly purchases bonds and syndicated loans at original issue. It also takes in high-grade assets on “reverse repo” with lower-grade credit quality.
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