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Stewart and Morris of Cronheim Mortgage place $18m in financingThis is a discussion on Stewart and Morris of Cronheim Mortgage place $18m in financing within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Andrew Stewart and Dev Morris of Cronheim Mortgage have arranged an $18 million financing facility for a 1008-acre site, known ... |
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| Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. |
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Andrew Stewart and Dev Morris of Cronheim Mortgage have arranged an $18 million financing facility for a 1008-acre site, known as Hudson Lake Ranches, that is being developed in 98 home sites of 5 to 20 acres in size. ...
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| $18m, cronheim, financing, morris, mortgage, place, stewart |
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