Florida-based Consolidated-Tomoka Land Co. announced Thursday the pay off of its $14.5 million first mortgage loan secured by the Sheraton Old San Juan Hotel at a discount of approximately $218,000.
FirstBank announced Wednesday it has granted a $664,112.00 loan to Presbyterian Academy, an educational institution in Carolina, for the purchase and installation of a photovoltaic system on its main buildings, which will reduce the it’s electricity expenses.
More than 9,000 homeowners in Puerto Rico could save an average of $182 a month, or approximately $2,200 a year, on their mortgage loans as the result of the extension through 2016 of the Home Affordable Refinance Program and the Home Affordable Modification Program, federal authorities said this month.
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