Sept 29 (Reuters) - Comstock Homebuilding Companies Inc:
* Enters agreements with M&T Bank, eliminating $7.0 million of debt on Belmont
Bay project and extending loan on Cascades project
* Says the cascades loan, with a current balance of $1.1 million, will be
extended through January 31, 2011
* Says the Belmont loan, with a current balance of $7.0 million, will be
released in its entirety
* Says M&T Bank agreed to release the company from its obligations and
guarantees relating to the Belmont
* Agreed to cooperate with M&T Bank for foreclosure on remaining portion of
Belmont bay project
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Enters agreements with M&T Bank, eliminating $7.0 million of debt on Belmont
Bay project and extending loan on Cascades project
* Says the cascades loan, with a current balance of $1.1 million, will be
extended through January 31, 2011
* Says the Belmont loan, with a current balance of $7.0 million, will be
released in its entirety
* Says M&T Bank agreed to release the company from its obligations and
guarantees relating to the Belmont
* Agreed to cooperate with M&T Bank for foreclosure on remaining portion of
Belmont bay project
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.