It committed to a construction loan and permanent financing that will speed development to a conclusion late this year.
Once the building was completed, permanent financing was put in place.
Bridge loans are supposed to tide a company over until it can arrange permanent financing.
By June, the company was ready to put permanent financing in place.
Once the project was built and tenants found, permanent financing would be supplied by a pension fund, insurance company or investment group.
Capital is the cushion of permanent financing that helps a bank absorb losses.
Now he wants to retire that loan and put in permanent financing.
These grants were meant to spur states to set up permanent financing to prevent child abuse.
Second, states should provide permanent financing for legal services.
The company said it had enough permanent financing to proceed with its reorganization.