Recent Headlines
Within Lending
Introducing Prospect Financial Group Inc.'s Top Loan Officer for Quarter 4, 2019
Prospect Financial Group Inc., a leader in the mortgage refinance industry, is proud to introduce its top loan officer for Q4: Cameron Alley. This recognition is determined by the total amount of business / closed loans from a given loan officer, and Alley set a high bar last quarter. On his win,... - January 18, 2020 - Prospect Home Finance
Spencer Savings Bank Welcomes Sid Vaidya as C&I Relationship Manager and Vice President, Grows Commercial & Industrial Lending Team
Spencer Savings Bank, a leading New Jersey-based community bank, recently announced the expansion of its Commercial and Industrial Lending team with the addition of a new lending expert. The bank recently hired Vice President Sid Vaidya, as C&I Relationship Manager, to meet the growing demands... - January 13, 2020 - Spencer Savings Bank
GCP Fund Provides Asset-Based Lending to Help Businesses Meet Their Immediate Short-Term Financing Needs
Many businesses have managed to stay afloat using the asset-based financing solutions provided by GCP Fund. - December 25, 2019 - GCP Fund
1 Year After Historic Shutdown, Balanced Bridge Continues to Offer Government Contract Advances
In light of the 1-year anniversary of the 2018 federal government shutdown, Balanced Bridge Funding wants to remind companies and independent contractors with federal government contracts that they offer financing on their pending payments. - December 22, 2019 - Balanced Bridge Funding
Prospect Financial Group, Inc. Visits United Wholesale Mortgage
Prospect Financial Group, Inc., a leader in the mortgage refinance industry, is excited to announce its loan officers’ recent visit to United Wholesale Mortgage headquarters for continuing education. As part of their loan officer training, Prospect Financial has begun sending new officers to... - December 04, 2019 - Prospect Home Finance
Trillium Capital Resources Arranges $46,508,000 in Debt Financing; Average Rate is 3.28% with Average Term of 12 Years
Trillium Capital Resources Arranges the Funding for Four Multifamily Complexes and a Walgreens in Columbus, Georgia plus a Multifamily Complex in Pensacola, Florida Totaling $46,508,000. - November 23, 2019 - Trillium Capital Resources
MitVest/Sugarwood Financial: Recognition as Expert for Swiss Exporters and Start-Ups Expanding Into the USA
MitVest, the transatlantic Corporate Finance platform operated by Sugarwood Financial Partners LLC, expands its local footprint within the D-A-CH region. MitVest has become part of Switzerland Global Enterprise’s "Expert Directory," which links Swiss and Liechtenstein exporters with professional providers to help expansion-minded corporations and start-ups to make their international business a success story. - November 17, 2019 - Mitvest
Bay Equity Finds New Kentucky Home with Century Mortgage
Bay Equity Home Loans is expanding into the Mid-South Region, with nine branches and 55 loan originators in Kentucky, Tennessee and Indiana. - November 15, 2019 - Bay Equity Home Loans
American Association of Private Lenders Announces New Ownership
As of November 5, 2019 ownership of the American Association of Private Lenders (AAPL) was transferred to a new majority owner, Eddie Wilson. Anthony Geraci of Geraci LLP retains a minority ownership stake. - November 13, 2019 - American Association of Private Lenders
Charli Bullard Joins Engel & Völkers Oklahoma City, Bullard Joins International Real Estate Company
Charli Bullard joins Engel & Völkers Oklahoma City as a Real Estate Advisor. “I was attracted to Engel & Völkers because of the style of the brand and the technology,” Bullard said. “I also like the fact that we are a global network, and can extend our reach... - November 04, 2019 - Engel & Volkers OKC
Breakwater Management Provides Committed Facility of $35.0 Million of Growth Capital to Apex Linen
Los Angeles-based direct investment firm provides growth capital to leading industrial laundry services provider. - October 25, 2019 - Breakwater Management
Mars Bank’s Todd Receives Statewide Banking Award
Stefanie Todd, Vice President, Loan Operations at Mars Bank, received the Developer Award at the Pennsylvania Bankers Association’s (PA Bankers) annual Emerging Leaders Conference. The Developer Award is presented as part of the new Highlighting Young Professionals’ Excellence (H.Y.P.E. - October 24, 2019 - Mars Bank
That’s a Wrap on “Movies Under the Stars” – Spencer Savings Bank Sponsors Fun, Free Family Movie Nights
That’s a wrap on Spencer’s “Movies Under The Stars” summer series. Spencer Savings Bank celebrated summer by partnering with various community organizations to host fun, free movie nights for families in local communities. The bank sponsored the events, which in total drew... - October 19, 2019 - Spencer Savings Bank
DMH Investments LLC Launches a New Series of Educational Real Estate Investment Seminars in Philadelphia, PA
Daniel M. Harvey C.EO of DMH Investments LLC is scheduled to host a series of Real Estate Investment Educational seminars. The first will be a two day educational informative boot camp on October 26 & October 27, 2019 on the topic of "Small Multi-Family Conversions" in Philadelphia,... - October 19, 2019 - DMH Investments LLC
Introducing Prospect Financial Group, Inc.’s Top Loan Officer for Quarter 3, 2019
Prospect Financial Group, Inc., a leader in the mortgage refinance industry, presents it’s Q3 Top Loan Officer award to Senior Loan Officer Jessie Beckett. Following Prospect Financial Group’s biggest fiscal month ever, Senior Loan Officer Jessie Beckett has emerged as their official... - October 19, 2019 - Prospect Home Finance
Nectar Personal Loans a Viable Alternative to Expensive Credit Card Debt, Company Says
The steep interest rates on credit cards can undermine their convenience, and personal loans with lower rates should be considered an attractive option to consolidate credit card debt, according to Nectar. One of New Zealand’s leading online loan companies, Nectar believes that using a... - October 17, 2019 - Nectar Finance
Spencer Savings Bank Partners with Habitat for Humanity to Provide “Hand Up” to Community Members Looking to Achieve Home Ownership Dreams, Donates $6,500
Spencer Savings Bank recently partnered with Habitat for Humanity to help provide a “Hand Up” to community members looking to achieve their home ownership dreams. The organization is dedicated to improving the lives and communities by providing decent and affordable homes for... - October 17, 2019 - Spencer Savings Bank
Santa Clara University Announces Partnership and Relationship Center Opening with University Credit Union
University Credit Union partners with Santa Clara University. - October 15, 2019 - University Credit Union
Spencer Savings Bank Welcomes New Business Development Officers, Grows Retail Business Development Team
Spencer Savings Bank, a community bank headquartered in northern N.J., recently announced the expansion of its Retail Bank’s Business Development group. The bank recently hired two new business development officers, Daniel Murphy and Anthony Axtmann, to meet the growing demands of the... - October 15, 2019 - Spencer Savings Bank
HARA Sole Indonesian Startup at Annual Bloomberg Conference in New York
Agritech HARA was the only Indonesian startup chosen to speak at Bloomberg’s annual conference on the applications of data science in New York, USA. - October 12, 2019 - HARA
Gregg Pierce, Managing Director of GCP Fund, Shares His Views on Recent Spike in Commercial Hard Money Lending
At a recent event, Gregg Pierce, Managing Director of GCP Fund, commented on recent developments in the hard money loans market. - October 11, 2019 - Global Capital Partners Fund LLC
Silvergate Names Antonio Martino Chief Financial Officer and Michael Lempres Director
Silvergate Bank is a San Diego-based bank that opened in 1988 and is a subsidiary of Silvergate Capital Corporation. Silvergate’s headquarters office is located at 4250 Executive Square, La Jolla, CA 92037. - October 07, 2019 - Silvergate Bank
Prospect Financial Group, Inc. Celebrates 13 Years in Business
Prospect Financial Group, Inc., a leader in the mortgage refinance industry, celebrates 13 years in business this month. CEO Jason Vondrak reflects, “I’ve been in the mortgage industry since 2004, and the industry has undergone many changes which require us to remain agile and... - October 02, 2019 - Prospect Home Finance
Mars Bank Step Forward Campaign Raises Awareness Funds for Firefighter Scholarships
For the fourth year, Mars Bank is sponsoring the Step Forward Campaign which honors first responders, active military and veterans. Police, fire, emergency personnel and military Step Forward when others are backing away or turning to run. Mars Bank wants to honor their bravery and share their... - September 28, 2019 - Mars Bank
Receiver Mark Adams and California Receivership Group Celebrate Two Decades of Bringing Relief to California Communities Impacted by Nuisance Properties
California Receivership Group was founded twenty years ago, by Receiver Mark Adams, to help the people and communities impacted by nuisance properties. Dilapidated properties cause a number of negative effects that extend far beyond the property line. These include decreasing neighboring property values, compromising physical health and safety, as well as rising crime. In keeping with their mission, CRG celebrated its anniversary by organizing a cleanup of their local beach. - September 26, 2019 - California Receivership Group
Spencer Savings Bank Helps Bring Hope to Veterans - Donates $10,000 to Community Hope
Strong communities are built upon strong foundations. To build those strong foundations, Spencer Savings Bank continues to help bring hope to veterans with a recent $10,000 donation to Community Hope, the leading non-profit in New Jersey serving veterans and at-risk veteran families. - September 19, 2019 - Spencer Savings Bank
Bay Equity Home Loans Announces Northeast Expansion
Bay Equity Home Loans announces its expansion into the Northeast market with the acquisition of assets of Village Mortgage in Connecticut and Massachusetts. “We are pleased the people of Village Mortgage have chosen to join Bay Equity,” said Bay Equity Chief Executive Officer Brett... - September 17, 2019 - Bay Equity Home Loans
Mars Bank Hires McFeely for Grove City Market
Mars Bank hired Mitch McFeely to serve as Banking Center Manager in its soon-to-open Grove City banking center. The bank, which currently serves Mercer County through its mortgage and commercial lending teams, will open a full-service banking center in December 2019 at 109 Broad Street, Grove City. - September 14, 2019 - Mars Bank
SCALE UP 2019 Launched in Birmingham, Alabama
Just in time for the 4th quarter business financial goals, TMB Tax & Financial Services launches SCALE UP 2019, an 8-week intentional, results oriented, and action-driven training session that provides Birmingham CEOs with immediate financial tools, education and one-on-one assistance to... - September 03, 2019 - TMB Tax & Financial Services Benefit Corporation
Prospect Financial Group, Inc. Managing Partner Coby Camerer Completes LendingTree Sales Certification Course
Prospect Financial Group, Inc., a leader in the mortgage refinance industry, is proud to announce Managing Partner, Coby Camerer’s completion of LendingTree's “Gold Leaf” Sales Certification Course. LendingTree's “Gold Leaf” Course focused on the “Mortgage... - August 30, 2019 - Prospect Home Finance
Gregg Pierce of GCP Fund Reviews Top Five Cities for Real Estate Investment
In a recent public Q&A session, Gregg Pierce, Managing Director at GCP Fund, a national provider of bridge loans,reviewed the top five cities for real estate investment, sharing his expertise in the area. - August 24, 2019 - Global Capital Partners Fund LLC
C2 Energy Capital Owns and Operates the Largest Community Solar Project in Southeast Massachusetts – Part of Middleborough Electric’s Community Shared
C2 Energy Capital owns and operates the largest community solar project in southeastern Massachusetts. - August 24, 2019 - C2 Energy Capital, LLC
Locust Park Capital Arranges $14m Acquisition Loan for Miami Multifamily Building
Locust Park Capital has arranged a $14 million acquisition loan for a seven-story multifamily building in the Brickell area of Miami Florida. The recently renovated building was 97% leased at the time of financing. Kenneth Lee of Locust Park Capital arranged the seven-year loan with a fixed rate of... - August 24, 2019 - Locust Park Capital
Progress Capital Secures $16 Million for Lehigh Student Housing Portfolio
Brad Domenico arranged $16,000,000 in financing for a valued client to acquire a 44 unit, 219 bed, multi-site Student Housing Portfolio adjacent to Lehigh University in Bethlehem, PA. Student Housing is known to be recession resilient and offers a degree of stability that is seldom present in... - August 17, 2019 - Progress Capital
CreditSnap, a Consumer Lending FinTech Platform, Emerges from Stealth Mode After Reaching 100K Consumer Loan Applications Milestone
CreditSnapTM Re-Imagines Consumer Lending Experience for Both Borrowers and Lenders (Banks and Credit Unions). Focused on High Performance Digital Experience, Soft Inquiry based PreQualification and LOS Automation, CreditSnap Consistently Generates +30% More Loans While Lowering Originations Costs by 40%. - August 16, 2019 - CreditSnap Inc.
Spencer Savings Bank Helps Needy Children Get School Supplies – Donates to Center For Food Action in Saddle Brook
Spencer Savings Bank recently hosted a school supply drive to support the Center For Food Action in Saddle Brook. For almost a month, the bank collected school supplies for local children, including binders, pencils, notebooks, backpacks and more. Spencer employees recently visited the center to... - August 14, 2019 - Spencer Savings Bank
United Capital Partners Successfully Sources $6MM AR Revolving LOC
Customer in the health services, language services sector secures a $6MM revolving line of credit to support growth. - August 03, 2019 - United Capital Partners
United Capital Partners Secures Approval on $1MM Lease Line of Credit
United Capital secures $1MM approval for equipment finance line for high growth customer. - August 03, 2019 - United Capital Partners
C2 Energy Capital Scales Up Solar Sheep Program and Drives Down O&M Costs
Pilot Project’s Success in Jacksonville, Florida Clears the Path for Vegetation Management by Sheep. - August 01, 2019 - C2 Energy Capital, LLC
United Capital Partners Successfully Sources $10MM Growth Capital Funding
A global consulting entity needing to restructure their debt, successfully closes on a $10MM, non-dilutive growth capital facility. - July 30, 2019 - United Capital Partners
Sundie Seefried Appointed by Governor Polis to Serve on Colorado’s Financial Services Board
Sundie Seefried, CEO of Partner Colorado Credit Union, has been named a Board of Director of the Colorado Division of Financial Services by Colorado Governor Jared Polis. The five-member Board is the policy and rulemaking authority for financial services in Colorado. As a Division of Financial... - July 23, 2019 - Partner Colorado Credit Union
Prospect Financial Group, Inc. Announces their Top Sales Leader for Quarter 2 of 2019
Prospect Financial Group, Inc. is proud to announce the Sales Competition winner for Quarter 2. Senior Loan Officer, Jessie Beckett came in first place for four and second place for another four more, giving her the title of Quarter 2 Champion. - July 17, 2019 - Prospect Home Finance
Spencer Savings Bank Welcomes New Senior Vice President and Director of Commercial and Industrial Lending
Spencer Savings Bank is pleased to welcome its newest member to the leadership team, Juan H. Oelofse, as Senior Vice President and Director of Commercial and Industrial Lending. Oelofse will be responsible for managing and directing the activities of the bank’s Commercial & Industrial... - July 15, 2019 - Spencer Savings Bank
Mars Bank’s Mark Drenchko Appointed to Statewide Committee
Mark Drenchko Senior Vice President, Commercial and Retail Banking at Mars Bank has been appointed to the Pennsylvania Bankers Association’s (PA Bankers) Professional Development Policy Committee. The committee directs, monitors, and approves the association’s schools, conferences and... - July 11, 2019 - Mars Bank
Spencer Savings Bank Awards $25,000 in Scholarships to Local Students
An advocate for education, Spencer Savings Bank takes their work beyond financial services and invests in students who wish to further their education. They recently awarded $25,000 in scholarships to high school and middle school students from 33 local schools in Bergen, Passaic, Union, Mercer, Morris and Essex counties. The awards were distributed at the bank’s annual scholarship ceremony on June 26, 2019. To date over $400,000 has been awarded, since the program first started in 2002. - July 05, 2019 - Spencer Savings Bank
The Boulder Group Arranges Sale of Single Tenant Net Leased Walgreens
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. - July 04, 2019 - The Boulder Group
Abe Mann of Progress Capital Secures $22.3 Million to Refinance Retail Shopping Center in Sicklerville, NJ
Progress Capital, a commercial mortgage advisory firm, closed a $22,300,000 loan from Valley National Bank to refinance The Shoppes at Cross Keys, a 176,000 square foot retail shopping center located in Sicklerville, NJ. Abe Mann of Progress Capital secured financing options that were tailored to... - June 30, 2019 - Progress Capital
Credit Benchmark Launches Credit Consensus Indicator – New Monthly Measure of Credit Risk for US, UK and EU Industrials
June CCI Shows "Cracks in Foundation" for US and European Industrial Corporate Credit Quality. Credit Benchmark, the leader in consensus based credit analytics, today announced the launch of a new monthly measure of credit risk for US and European corporates in the industrials sector. - June 24, 2019 - Credit Benchmark
Silicon Prairie Investment Crowdfunding Portal Company Registers as Intrastate Broker-Dealer
Silicon Prairie Portal & Exchange (https://sppx.io), the Minnesota-based investment crowdfunding portal operator serving issuers and investors in Minnesota, Iowa, Wisconsin and Michigan along with its affiliate Silicon Prairie Online, an SEC and FINRA reporting Federal Funding Portal company... - June 17, 2019 - Silicon Prairie Portal & Exchange
$23 Million Secured for Refinance of "Hudson Heights" Multifamily Property in Union City
Brad Domenico, Partner at Progress Capital negotiated $23,353,000 for the refinance of a newly constructed high-rise apartment building located at 115-129 37th Street in Union City, NJ. The 10-story property, also known as “Hudson Heights,” is comprised of 96 high-end residential... - June 16, 2019 - Progress Capital