Accounts

The Spice of Fund Financing – Fund Management/ REITs

To print this article, all you need to do is be registered or log in to Mondaq.com. William Cowper once wrote that “variety is the very spice of life”. This can ring true in many circumstances, but becomes particularly relevant for alternative asset managers, or AAMs, when evaluating sources of …

Read More »

BALCHEM CORP: Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (Form 8-K)

Item 1.01. Conclusion of a significant definitive agreement. On July 27, 2022 (the “Closing Date”), Balchem ​​Companya Maryland corporation (“Balchem”), has entered into an amended and restated credit agreement (the “Credit Agreement”) between the following parties: • Balchem; • BCP Ingredients, Inc., a Delaware corporation, ABERCO, INC., a Maryland corporation, …

Read More »

Pakistani army chief reportedly seeks US help in securing crucial IMF loan

ISLAMABAD — Pakistan’s military leader has reportedly asked for US help in securing early disbursement of an International Monetary Fund loan as high energy import prices push the cash-strapped South Asian nation to the brink a payment crisis. General Qamar Javed Bajwa spoke by phone with US Under Secretary of …

Read More »

$3.25M student loan prepayment class action lawsuit settled

(Photo credit: Andrey_Popov/Shutterstock) Overview of the ACS Education Services Class Action: Who: ACS Education Services has reached a $3.25 million settlement agreement with student borrowers. Why: The settlement would put an end to claims that the company failed to provide required certificates to student borrowers after informing them that they …

Read More »

ORIGENCE PROVIDES RECORD NUMBER OF LOANS TO CAISSES FOR A SECOND CONSECUTIVE QUARTER IN 2022

Lenders Using CUDL Auto-Lending Network See 20.8% YoY Growth Irvine, Calif., July 25, 2022 (GLOBE NEWSWIRE) — Origina brand of CU Direct, today announced that it provided a record amount of loans to credit unions through its lending platforms in the second quarter of 2022. Credit unions funded a record …

Read More »

Financing secured for the Westin Gwinnett Hotel in Duluth, GA

The Westin Gwinnett Hotel in Duluth, Georgia is set to receive a US$74.75 million construction financing loan. The loan will be disbursed by ACRES Capital Corp a direct lender and an SEC-registered investment adviser. The company provides debt capital solutions for the commercial real estate industry on a national platform. …

Read More »

Man accused of using PPP to buy $850,000 home pleads not guilty | New

Williamsport, Pa. — Nicholas Perkins wrote a check in July 2020 that was payable to himself for $420,000 which he then used to buy a home in Alabama, investigators said. The problem with the money, the government says, was that Perkins requested and received it under the Paycheck Protection Program …

Read More »

“Demand for CV financing should hold, expect clients to absorb high interest rates”

Although rising inflation alone does not have a direct impact on demand for passenger or utility vehicles (CVs) or two-wheelers, a moderate slowdown in the pace of economic growth has the potential to keep purchasing demand muted, says Umesh Revankar, vice president and managing director of Shriram Transport Finance Company …

Read More »

A dormant lender shows up after 10 years, the homeowner seeks help from the nonprofit Alliance of Consumer Advocates, and avoids foreclosure with a free loan modification.

COSTA MESA, CA (PRWEB) July 13, 2022 Mr. Agustin Barrera’s original lender went bankrupt in 2010. Another lender came forward after ten years in 2020, demanding an overdue amount of $168,096.08 and putting his property into foreclosure. Mr. Agustin contacted the nonprofit Alliance of Consumer Advocates; …

Read More »

What to know about student loan fees

Even after calculating your capital and interest charges, you may still have to pay additional fees on your student loans. Some student loans charge application or origination fees, and fees such as late fees or returned check fees can quickly become expensive. However, there are ways to avoid most student …

Read More »

Review of Credible Personal Loans | the ascent

Main advantages Check rates from multiple lenders at once The main appeal of using Credible is to compare personal loan rates from multiple lenders. Concretely, to do so without having to fill out half a dozen different prequalification requests. Instead, you can fill out a single application and potentially see …

Read More »

Yes Bank Hikes MCLR; How much will EMIs for home loans and car loans increase? Check here

Leading private lender Yes Bank raised its MCLR rates. The marginal cost of lending rate, or MCLR, a key point in deciding loan interest, has been raised, the bank said in a statement. Yes Bank’s new MCLR rates have already gone into effect, according to a note on the lender’s …

Read More »

CIM REAL ESTATE FINANCE TRUST, INC. : Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Registrant Arrangement, Financial Statements and Exhibits (Form 8-K)

Section 1.01 Entering into a Material Definitive Agreement. On June 23, 2022, CMFT Corporate Credit Securities, LLC (the "Borrower"), an indirect wholly owned, bankruptcy-remote subsidiary of CIM Real Estate Finance Trust, Inc. (the "Company"), Citibank, N.A. (the "Bank"), as administrative agent (the "Administrative Agent") and as lender, CMFT Securities Investments, …

Read More »

World Bank to provide Bangladesh with $18 billion in IDA loans over next five years

Foreign aid inflows will continue to increase, with Bangladesh receiving $18 billion from the World Bank’s International Development Association (IDA) soft loan window alone over the next five years. The Washington-based lender will provide the country with new loans amounting to $10 billion – $2 billion a year – during …

Read More »

Arbor Realty Trust closes a $1

UNIONDALE, NY, May 25, 2022 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (:ABR), today announced the closing of a $1.05 billion commercial real estate loan securitization (the “Securitization “). A total of approximately $873 million of investment grade notes have been issued (the “Notes”) and Arbor has retained subordinate interests …

Read More »

Maple confirms $10 million in unsecured loans to troubled asset manager Babel Finance

Unsecured lending DeFi primitive undergoes its first major stress test. On June 17, Babel Finance, a bitcoin financial services company offering lending and asset management services, suspended redemptions and withdrawals citing “unusual liquidity pressures” amid recent market volatility. On June 20, the team followed up with indicating that it had …

Read More »

The Lending System Market Is Booming Globally

In the recently released report, Market Reports provided a unique insight into the global market Lending systems market for the forecast period (2022-2031). The report has covered the important aspects which are contributing to the growth of the global market Lending systems market. The main objective of this report is …

Read More »

Do Kwon and Terraform Labs Hit by Class Action Lawsuit

Do Kwon, Terra’s “broken-hearted” co-creator, headlines a series of named defendants in a class action filed in U.S. District Court for Northern California on Friday. Kwon is joined by a group that includes Terraform Labs, Jump Crypto and Three Arrows Capital. Plaintiff Nick Patterson alleges, among other charges, that the …

Read More »

Innovation leader John Shen joins President Biden as the bill is signed at the White House

WASHINGTON–(BUSINESS WIRE)–National Business Leader John Shen attended the official signing of the law on the potential establishment of a National Museum of American History and Culture in Asia-Pacific at the White House on Monday, 13 Junee. At the invitation of President Biden, Shen and his colleague Stella Zhang participated in …

Read More »

UK regulator puts Credit Suisse on watch list after scandals

Britain’s financial regulator has placed Credit Suisse on its watch list of institutions needing stricter oversight, the latest blow to a bank struggling to draw a line under a series of crises. The Financial Conduct Authority told Credit Suisse last month it was taking the action because it was concerned …

Read More »

Wyndham Capital Mortgage to have another round of layoffs

Direct-to-consumer lender Wyndham Capital Mortgage proceeds with a new round of layoffs, according to a Worker Accommodation and Retraining Notice (WARNING) notice filed with the North Carolina Department of Commerce. The company announced that it would lay off 48 employees effective August 1. Staff work either at the lender’s headquarters …

Read More »

Mr Cooper adds to wave of mortgage lender layoffs

Mr. Cooper CEO Jay Bray (Mr. Cooper, iStock) Mr. Cooper aligned himself with a dismal trend triggered by rising mortgage rates. The Dallas-based lending giant has laid off 420 employees, Inman reported. The layoffs, which mainly affected the company’s loan origination department, follow a series of layoffs earlier this year …

Read More »

Opinion: Banks must stop financing oil expansion. If they don’t, their net zero commitments are greenwashing.

UN Secretary General Antonio Guterres recently called on banks and other financial firms to stop funding fossil fuel expansion. “For too long,” he said, “the financial services industry has enabled the world’s reliance on fossil fuels. … The scientific and moral imperative is clear: there must be no new investment …

Read More »

Increase in auto liability insurance premium loan rates: significant monetary changes from June 1

NEW DELHI: Interest rates on home, car and personal loans rose again this month after the Reserve Bank of India (RBI) raised the repo rate in May. While some banks announced rate hikes immediately after the RBI decision, others have their interest rates on loans from June 1. Here are …

Read More »

The climate war between investors and companies is intensifying — Quartz

The group of three hereditary chiefs from the Wet’suwet’en First Nation in British Columbia had traveled the country 2,700 miles (4,345 km) to Toronto. They had come to the headquarters of the Royal Bank of Canada hoping for an improvement in the bank’s climate policy. Instead, they received what they …

Read More »

Financial institutions move into ARMs amid high rates

At least two financial institutions this week brought back adjustable-rate mortgage products (ARMs) amid soaring mortgage rates and double-digit growth in house prices. Michigan-based wholesale lender Attachment point deployed a jumbo ARM product offering a maximum loan amount of $2.5 million, with a maximum loan-to-value ratio of 80%. Homepoint’s jumbo …

Read More »

How to find your student loan agent

Since payments have been suspended on federal student loans since March 2020, not knowing who is handling your loans isn’t as crazy as it sounds. This is especially the case as the US Department of Education has announced that it will change its loan servicer at some point in the …

Read More »

Montenegro’s billion-dollar highway faces uncertain future after years of delay

PODGORICA – Eight years after the contract was signed, the first section of a controversial highway project in Montenegro funded by a massive $1 billion Chinese loan is nearing completion – but it still faces questions persistent about its future. Once hailed by China as a landmark deal under the …

Read More »

Today in retail: BJ’s sees sales increase

In retail today, Bath & Body Works is adding more eco-friendly packaging to its continuously updated product line, while Under Armor’s CEO is leaving the company as the course of its shares fall. Additionally, Uber is piloting a scheduled grocery delivery program. Bath & Body Works focuses on innovation and …

Read More »

Mortgage market opens to gig workers

Lew Sichelman The pandemic has prompted millions of workers to take a break and leave their desks and jobs – many to start their own businesses or try to work part-time. But COVID-19 has also led the two biggest providers of money for home loans to tighten their underwriting standards, …

Read More »

Top 10 Places to Get a Personal Loan Online

Economic times have been difficult for most of us. It is often difficult to make the salary spread from one pay period to the next. When an unexpected event blows your budget for the month, you may wonder what to do to fill the void. One solution is to take …

Read More »

Student loan relief expected to come to bankruptcy court

The Biden administration is reportedly considering expanding its targeted student debt forgiveness efforts to a broader policy that “at least” $10,000 (some have advocated up to $50,000) in student loans per borrower, eventually subject to an annual income cap, would be eligible for cancellation. There is a rough consensus that …

Read More »

Costco Ends Mortgage Program Membership Benefit

Costco no longer offers a mortgage program to its members. According to the wholesaler, the changes went into effect on Sunday, May 1. “Members with questions regarding their current mortgage application and loan should contact the lender they worked with,” the company said. wroteby adding a list of lenders and …

Read More »

The Ford F-150 Lightning gets its first financing deal

Ford’s highly anticipated F-150 Lightning pickup is eligible for a financing deal. According to a newsletter sent to dealers, the all-electric pickup truck and the Ford Mustang Mach-E are offering an unusual financing program starting today. Our analysis reveals that there may be pros and cons with the first F-150 …

Read More »

Can you use a mortgage broker for a home equity loan?

A home equity loan is a type of consumer debt that allows homeowners to borrow against the equity in their home. This type of loan is often called a second mortgage because a bank or credit union will lend you a lump sum that you must repay over time. If …

Read More »

RELIANCE GLOBAL GROUP, INC. : Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant (Form 8-K)

Section 1.01 Entering into a Material Definitive Agreement On April 26, 2022, Reliance Global Group, Inc. (the “Company”) has entered into an agreement (the “APA”) with Barra &Associates, LLC (“Seller”) pursuant to which the Company has purchased all of the assets of Barra & Associates, LLC for a purchase price …

Read More »

3 Big Mistakes I Made With My First Mortgage

Image source: Getty Images Learning from my mistakes can help you avoid ending up with the wrong home loan. Key points When I took out a mortgage for my first home, I didn’t know much about borrowing. I didn’t shop around for different lenders. I also didn’t pay a large …

Read More »

Mr Cooper’s Q1 revenue soars 325%, but company also cut 250 jobs – NMP

No one in the mortgage industry, it seems, is safe from layoffs these days – not even the nation’s fourth-largest mortgage service, Mr. Cooper Group, which is coming off a spectacular quarter. The Dallas-based non-bank mortgage lender and manager reported net income of $658 million, or $8.59 per diluted share, …

Read More »

Planet Financial Group, LLC, Subsidiaries Increase Portfolio in Q1 2022

MERIDEN, Conn., April 27, 2022 /PRNewswire/ — Planet Financial Group, LLCparent company of the national mortgage lender and manager Planet Home Lending, LLC and Planet Management Group, LLCcontinued to expand its service portfolio as interest rates rose and prepayment terms shortened, ending the first quarter at $54.23 billion. The company …

Read More »

ORGENESIS INC. : Entering into a Material Definitive Agreement, Creation of a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Unregistered Sale of Equity Securities, Financial Statements and Exhibits (Form 8 -K)

Section 1.01 Entering into a Material Definitive Agreement. On April 21, 2022, Orgenesis Inc. (hereinafter referred to as “we”, “us” or the “Company”) has entered into a convertible loan agreement (the “Convertible Loan Agreement”) with Yehuda Nir (the “Lender” and, together with the Company, the “Parties”), pursuant to which the …

Read More »

Millions of homebuyers have warned of risky loans that could mean you’ll never own a home

PURCHASING a home is one of the biggest purchases you can make. Saving money during the process is ideal and avoiding a risky loan will help. 1 Risky lending options will most likely lead to foreclosures and low property values Most Americans typically use a mortgage, a loan, or an …

Read More »

PERRIGO CO PLC: entering into a material definitive agreement, termination of a material definitive agreement, creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a registrant, other events, statements financials and exhibits (Form 8-K)

Section 1.01 Entering into a Material Definitive Agreement. As stated earlier, on March 8, 2018, Perrigo Company plca public limited company organized under the laws of Ireland (the “Company”), and Perrigo Finance Unlimiteda public limited company governed by the laws of Ireland and a wholly owned financial subsidiary of the …

Read More »

ALPINE INCOME PROPERTY TRUST, INC. : Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (Form 8-K)

Item 1.01. Conclusion of a significant definitive agreement. The information set forth in Section 2.03 of this Current Report on Form 8-K is incorporated by reference into this Section 1.01. Section 2.03. Creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant. As …

Read More »

INFINITE GROUP INC: Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Unregistered Sale of Equity Securities, Financial Statements and Exhibits (Form 8-K)

Section 1.01 Entering into a Material Definitive Agreement. Talos Loan On April 12, 2022, Infinite Group, Inc. (the “Company”), as borrower, has entered into a financing agreement (the “Loan”) with Talos Victory Fund, LLC (the “Lender”), a Delaware Limited partnership. In exchange for a promissory note, the lender agreed to …

Read More »

How data-driven insights improve profitability, productivity and efficiency

With rising interest rates, falling refis and a significant decrease in purchase volume caused by low inventory, mortgage lenders are looking for smart solutions to combat margin squeezes in 2022 and beyond. HousingWire recently spoke with Maylin Casanueva, President of Teraverde, about the importance of data-driven decision-making and the power …

Read More »

The GCP fund offers multi-family construction loans ranging from $1,000,000 to $100,000,000

New York, NY, April 09, 2022 — (PR.com) — Real estate investors and developers are struggling to access multifamily construction projects as many commercial banks won’t even consider lending for these types of construction jobs. GCP Fund is one of the few lenders working with multi-family residential properties and providing …

Read More »

Benefits of Paying Student Loans Every Two Weeks

When it comes to paying off a student loan, most borrowers opt for the simpler option: regular monthly installments, often withdrawn automatically from a bank account. However, you are not limited to the standard payment schedule. If you choose to pay off your student loans every two weeks instead of …

Read More »

[In-depth] Thinking of buying a used car? Steps to apply for a loan

Easy access to loans and fast payouts make used cars popular. The pandemic has also caused a surge in demand for personal vehicles as people prefer to have their vehicle over public transport to ward off potential health risks. Buy one used car also makes sense for first-time buyers as …

Read More »

HDFC Bank HDFC to merge in $40 billion deal to create credit giant

(Eds: Adds details) Mumbai, April 4 (PTI) India’s most valuable lender, HDFC Bank, on Monday agreed to take over the country’s largest mortgage lender in a $40 billion deal, creating a titan of financial services in the largest transaction in the nation’s corporate history. Once the deal takes effect, HDFC …

Read More »

What is employer student loan repayment?

There are many different programs to help student borrowers pay off debt faster, but aside from student loan forgiveness programs, student loan repayment assistance programs can be the most effective. These programs, offered by government agencies and private employers, can provide hundreds or even thousands of dollars in assistance to …

Read More »

Yixin finds a new path to profit as a car loan agent

Key Jtake away food : Yixin posted an adjusted net profit of $43 million last year as its new auto loan facilitation business grew 65% and its credit impairments fell sharply. The company’s asset quality has improved significantly since switching to lending facilitation from its previous business as …

Read More »

Mary Costello Joins FormFree as Director of Supplier Management, Risk and Compliance

Prior to joining FormFree, Costello spent 14 years at Veterans United Home Loans, where she developed, launched and led the enterprise-wide vendor management program for the US Department of Health’s largest purchase lender. veterans (VA). Costello also served as the Vendor Compliance Officer for Veterans United Home Loans, diligently mitigating …

Read More »

Recovering a Member’s Interest in an LLC | Nelson Mullins Riley & Scarborough LLP

In my last post on this blog, I explored a potential avenue for a debtor to maximize the value of the sale of their interest in a bankrupt Limited Liability Company (“LLC”), notwithstanding any sale restrictions in the LLC’s Operating Agreement and Applicable State Law. In this article, I discuss …

Read More »

Lenders who refinance non-degree student loans

If you have student loans but no degree, managing your repayment can be more difficult, especially if you’re hoping to refinance. Most lenders require a degree for refinancing, but there are a few exceptions. Here’s where to start if you’re trying to refinance your student loans without a degree. What …

Read More »

Westlake Technology Holdings Celebrates Strong Growth in 2021 | Business

LOS ANGELES–(BUSINESS WIRE)–March 7, 2022– Westlake Technology Holdings celebrates strong growth in 2021, surpassing $15 billion in assets under management. Thanks to the determination of Westlake employees and management, Westlake is on track to surpass its original goal of $20 billion in assets by 2026. “We are fortunate to have …

Read More »

Know the Facts About Unsolicited Mail After a Loan | Columns

In this month’s Farm Credit Corner, we interview AgChoice Customer Service Specialist Emily Helman to learn more about unsolicited mail after a loan is closed. Why are clients experiencing an increase in unsolicited emails and calls following a loan closing or refinance? Let me start by saying that AgChoice does …

Read More »

ACRES COMMERCIAL REALTY CORP. ANNOUNCES RESULTS FOR THE THREE MONTHS AND YEAR ENDED DECEMBER 31, 2021

UNIONDALE, NY, March 3, 2022 /PRNewswire/ — ACRES Commercial Realty Corp. (NYSE: ACR) (“ACR”, “ACRES Commercial Realty” or the “Company”)a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgages and commercial real estate interests through direct ownership and joint ventures, today announced …

Read More »

Proposed changes to mortgages could mean buyers can access larger loans

The Bank of England is considering scrapping an affordability rule for mortgages and wants to know what impact this might have on the market. Two recommendations were introduced in 2014 to help guard against a significant increase in household debt which could potentially worsen an economic downturn. These were a …

Read More »

KB HOME: Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant (Form 8-K)

Section 1.01 Entering into a Material Definitive Agreement. At February 18, 2022, Knowledge base home (“the Company”) has entered into a fourth amended and restated revolving loan agreement with the lenders parties thereto (“Lenders”) which increases the covenant under the Company’s unsecured revolving credit facility (as amended, the “Amended Fourth …

Read More »

World Bank debt rises in final days of Uhuru as Chinese lending falls

Economy World Bank debt rises in final days of Uhuru as Chinese lending falls Monday, February 21, 2022 President Uhuru Kenyatta with World Bank Country Director for Kenya, Keith Hansen. PICTURES | PSCU By OTIATO GUGUYUMore from this author Summary Treasury data shows funding from the global lender to Kenya …

Read More »

Daily Mortgage Rates End Week Higher | February 19 & 20, 2022

MMortgage rates ended the week higher again. The average rate for a 30-year fixed-rate mortgage is now 4.424%, up 0.038 percentage points from last Friday. The 15-year fixed rate loan is on average 3.456% and the rate of a 5/1 adjustable rate mortgage is 3.186%. Borrowers looking for a refinance …

Read More »

How does an installment loan process work at Heart Paydays?

An installment loan allows the borrower to withdraw a certain amount of money over time. The loan is then repaid in installments. Typically, installment loans come with fixed payment amounts – they don’t vary throughout the loan. However, loan interest rates may vary depending on the lender and the terms …

Read More »

Here are 5 ways to save money on your monthly payment at home

SPRING, Texas – We don’t have to tell you that the prices of just about everything seem to be going up. We want to save you and your family money by reducing your monthly mortgage payment. The key to saving money might be to look at the role interest rates …

Read More »

Does refinancing your personal loan make sense in 2022?

Image source: Getty Images If you have an existing personal loan, you might be surprised to find that you’re not necessarily stuck with the current loan terms you’ve agreed to. You may be able to refinance your personal loanjust like you can refinance a mortgage. Refinancing takes some effort, as …

Read More »

Eastern Union sees increase in new deals under new company leadership

Eastern Union, one of the nation’s largest commercial real estate loan brokerage firms, has seen substantial growth in deal volume and average deal size in the three months since Abraham Bergman took over as President and CEO on November 1 of last year. Abraham Bergman The company ended January with …

Read More »

CHL joins Brilliant Solutions loan panel

CHL Mortgages, a specialist buy-to-let lender, has been added to Brilliant Solutions’ lending panel, providing members of directly authorized brokers with access to CHL’s suite of specialist buy-to-let products. This is available to new owners, portfolio owners, and limited companies covering a variety of …

Read More »

After a strong third quarter, what’s next for SBI stock?

BENGALURU/MUMBAI : State Bank of India Ltd (SBI) shares hit a new 52-week high ₹549 on the NSE on Monday. Investors were pleased with the bank’s strong performance in the December quarter (Q3FY22). Key positives to third quarter earnings included strong growth in retail loans despite the ongoing covid-19 pandemic, …

Read More »

Explain the most common tax forms for 2022

The IRS has officially kicked off tax season, and taxpayers’ physical and digital mailboxes will soon begin, if they haven’t already, filling out tax forms from their employers, banks and financial institutions, and d ‘somewhere else. Consider the IRS Warning that it will be another turbulent fiscal season plagued with …

Read More »

USDA loans could be lifeline for rural NFCs in ‘currently untapped market’

As health care consumer preference drives more skilled nursing operators to invest in private rooms and suites equipped with modern amenities, US Department of Agriculture loans may be an option for operators in need of financial support for renovation and construction projects. Through the USDA’s Community Facilities Direct Loan & …

Read More »

Peachtree Hotel Group reaches $2 billion market capitalization

Peachtree Hotel Group CEO Greg Friedman, left, sits on a panel during the Americas Lodging Investment Summit in Los Angeles last week. Atlanta-based Peachtree, led by partners Bimal Patel, Hiten Suraj and Rupesh Patel, has amassed a record $2 billion in total market capitalization through 140 transactions, including acquisitions, developments, …

Read More »

More companies consider helping workers pay student loans

An important factor is that under the federal government’s pandemic relief programs introduced in 2020, employers can tax exempt loan repayment contributions to their employees of up to $5,250 per year until 2025. Employees do not have to pay income tax on the benefit. (Previously, unlike tuition assistance payments for …

Read More »

Stratton Equities Selects Lendsmart to Accelerate Underwriting Process | Business

NEW YORK–(BUSINESS WIRE)–January 24, 2022– Lend smarteran AI-powered digital lending platform, today announced its partnership with Stratton Equities, the leading national direct hard money lender and NON-QM, specializing in fast and flexible lending processes for borrowers owning real estate investment properties. Stratton Equities integrates with Lendsmart’s AI-powered underwriting platform to …

Read More »

How to make a thrift store for vintage Heywood-Wakefield furniture

Shopping at thrift stores, flea markets and estate sales can be overwhelming. With the sheer volume of things, how do you know where to start? How to spot the gems among all the trash? As a professional dealer who has been combing through thrift stores for nearly 30 years, I …

Read More »

Smyrna Man Charged with Paycheck Protection Program Fraud | USAO-MDTN

NASHVILLE- A Smyrna, Tennessee man was today charged with money laundering in connection with a fraudulent scheme in which he obtained a small business loan under the Paycheck Protection Program (PPP) , announced U.S. Attorney Mark Wildasin of the Central District of Tennessee. Shawn Palmer, 53, the sole owner of …

Read More »

Opportunity and value of private credit

There have always been and still are excessive spreads in private debt opportunities in the middle market – but many institutional investors struggle to access the middle market. “You can’t flip a switch and be successful,” says Andrew Edgell, senior managing director and global head of credit investments at CPP …

Read More »

ACRES issues $30.5 million loan for 1200 West Fulton Street in Chicago

CHICAGO, January 18, 2022 /PRNewswire/ — ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading mid-market commercial real estate lender, has launched a $30.5 million loan to finance the acquisition and pre-development of 1200 Fulton Street (the “Property”) at Chicago. Located in the heart of the Fulton Market District, …

Read More »

The Coming Crisis in the Decentralized Lending Market

Credit has become the fastest growing decentralized finance (DeFi) sector in recent years. Now, this segment represents almost half of the total transaction volume of the DeFi market, or, to be more precise, around $40 billion, according to Statista. Most experts agree that’s not the limit, given the rapidly growing …

Read More »

Mortgage rates have hit a new high since the onset of Covid – What this means for borrowers – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Mortgage rates are on fire in 2022, up 30 basis points to 3.45% in the first two weeks of January alone – and the highest since March …

Read More »

New U.S. funding elevates Christine Obermayer to Vice President, Retention

Obermayer joined New American Funding in 2012 and has been climbing the corporate ladder since then. She joined New American Funding as Senior Loan Manager, before being promoted to Junior Sales Manager, Senior Sales Manager and finally Vice President, Retention. Obermayer brings 23 years of mortgage operations, sales, wholesale and …

Read More »

PRMI Reverse Division Adds Pahel to Leadership Role, Adds Arizona Branch

The reverse mortgage center of Primary Residential Mortgage (PRMI), the Owings Mills, Md., Steven J. Sless group, announced this week the appointment of Greg Pahel as Retail Production Manager overseeing the producing reverse mortgage loans for consumers, in addition to running a branch focused exclusively on reverse mortgages in the …

Read More »