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PGIM has extended a 10-year $126.5 million mortgage to cusumano real estate group for a recently completed 241-unit mixed-use.

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Mortgage. A mortgage, or more precisely a mortgage loan, is a long-term loan used to finance the purchase of real estate. As the borrower, or mortgager, you repay the lender, or mortgagee, the loan principal plus interest, gradually building your equity in the property.

PSA: Why you SHOULDNMortgage loan basics Basic concepts and legal regulation. According to Anglo-American property law, a mortgage occurs when an owner (usually of a fee simple interest in realty) pledges his or her interest (right to the property) as security or collateral for a loan. Therefore, a mortgage is an encumbrance (limitation) on the right to the property just as an easement would be, but because most.

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Waterstone Mortgage Corporation has promoted Chris Fleming to senior vice president, national sales. Fleming has been with.

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