Tax deferral policies are giving significant support to enterprises to overcome difficulties and recover production and business in the post-pandemic period, experts have said.
DLF restructures existing loans to lower interest costs, targets to save Rs 300 crore annually
SECTIONS
Share
Synopsis
“In March 2020, most of our loans were at 9% interest rate, by December, we had reduced it to 7.5%,” Ashok Kumar Tyagi, whole-time director at DLF Ltd, told ET. “Our existing lenders are offering aggressive rates. We believe the average interest rate should be around 7.5%.”
Agencies
DLF has developed 153 real estate projects with a total area of about 330 million sq ft.
NEW DELHI:
DLF Ltd, the country’s biggest real estate developer, is restructuring existing loans with a target of saving Rs 300 crore annually, taking advantage of the benign interest rate environment, said a senior company executive.
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided $23.8 million in HUD-insured loans to refinance a trio of assisted living facilities in New Hampshire. The Interest Rate Reduction (IRR) transaction was originated by Lisa M. Fischman, vice president in Greystone’s New York office, on behalf of family owned The Courville Company.
The refinanced properties include Courville at Manchester; Courville at Carlyle Place; and Courville Nashua & Aynsley. The IRR reduces the interest rate on an existing HUD-insured loan, maintaining the existing maturity and loan amount.
“An IRR is a good option for mortgagors who have held their asset since before rates dropped earlier this year,” said Ms. Fischman. “At Greystone, we are continually seeking ways to help our clients leverage market dynamics so they can optimize their real estate portfolios, and an IRR is especially valuable in the assisted living and skilled nursing markets, which are u
if a high school graduate will make on average $30,000 a year throughout their life. a college graduate makes $56,000 a year throughout your life. the earning potential that you have is absolutely very much worth it. the average debt of somebody coming out of college right now is about $26,000. that s about the difference of what you will make throughout your life in one year if you go to college. it s absolutely important. i would like to take one issue here that governor romney absolutely has supported the interest rate reduction. nothing in his plan is suggesting anything otherwise. also, it s important to note, what we are facing is an incredible national debt. in addition to the $26,000 that an average college graduate is facing, you re facing another 2 5 $2,000 per individual, if you do the math and dividing the number of people in the country by the $16 trillion debt. we have to get our budget process under control which might mean tough decisions and streamlining.
up in foreclosure never have a discussion with their lender. if you are running into trouble problems down the road pick up the phone and explain your situation while your credit is good while you are still above oughter you have more negotiating power. temporary solutions? if you think the problem will be temporary they will offer different temporary solutions. they may extend your payments they may extend a grace period that you are late. these are temporary remedies that may be available to you. they are only temporary. you have to figure out ways to save more spend less and prioritize your bill spending as well. that goes to the next step. longer term. they come in many different shapes and sizes but generally they involve interest rate reduction generally involve extension of the terms maybe 40 years. principal deferment of some sort. more banks view the pod fic indications a greater success rate. they go through the same m