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The PureCell System is a stationary phosphoric acid fuel cell designed, manufactured and marketed by Doosan Fuel Cell America (formerly ClearEdge Power/UTC Power) of South Windsor, Connecticut. Designed for distributed generation and micro combined heat and power applications, it is intended for industrial buildings such as hotels, hospitals ...
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In early 2008, ClearEdge sold and installed its first fuel cell unit. [13] ClearEdge received an additional $11 million in venture capital from Kohlberg Ventures LLC in January 2009. [14] On May 1, 2009, Russell Ford became the chief executive officer of the then 40-employee company, [15] with Slangerup joining the board of directors. [8]
Credit is what the underwriter uses to review how well a borrower manages his or her current and prior debts. Usually documented by a credit report from each of the three credit bureaus, Equifax, Transunion and Experian, the credit report provides information such as credit scores, the borrower's current and past information about credit cards, loans, collections, repossession and foreclosures ...
If a loan's origination amount is above the CLL then a mortgage is considered a jumbo loan, and typically has higher rates associated with it. This is because both Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market, making the demand for a non-conforming loan much less. By virtue of the laws of ...
Private money is a commonly used term in banking and finance. It refers to lending money to a company or individual by a private individual or organization. While banks are traditional sources of financing for real estate, and other purposes, private money is offered by individuals or organizations and may have non traditional qualifying guidelines.
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
A loan agreement is made between the project company (borrower) and the lenders. Loan agreement governs relationship between the lenders and the borrowers. It determines the basis on which the loan can be drawn and repaid, and contains the usual provisions found in a corporate loan agreement.