Recent Headlines
Within Lending
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
Locust Park Capital Arranges $8M Loan for Dallas Multifamily Portfolio Acquisition
Locust Park Capital has arranged a $10 million acquisition loan for a multi-family portfolio consisting of 4 buildings and totaling 240 units. The portfolio is spread throughout the Dallas/Fort Worth area. The undisclosed buyer intends to perform major capital improvements consisting of upgrading... - June 15, 2019 - Locust Park Capital
Jose B. Guerrero, Chairman, President and CEO of Spencer Savings Bank, Honored as Grand Marshal of the 2019 Garfield Memorial Day Parade
Memorial Day is a time to reflect and remember those who died while serving in the American armed forces. Jose B. Guerrero, Chairman, President and CEO of Spencer Savings Bank, was recently honored as the Grand Marshal of the 2019 Garfield Memorial Day Parade. A team of Spencer employees, family and friends came out to celebrate, remember and honor those who served our great nation. - June 10, 2019 - Spencer Savings Bank
Spencer Savings Bank is Pleased to Announce the Promotions of Longtime Garfield Financial Center Employees and Welcomes New Team Members
Spencer Savings Bank is pleased to announce the promotions of longtime Garfield Financial Center employees Marzena Czachor, Sharon Styborski, Beata Burdzy and Ewelina Biskup. The bank is also excited to welcome new team members from its Saddle Brook and Elmwood Park locations, Valerie Gaspard and Maria Guerra, to the Outwater Lane team. The promotions and bank moves are effective June 3rd. - June 10, 2019 - Spencer Savings Bank
Dan Crowley Joins Alliance Group Mortgage
Dan Crowley Named Loan Officer for Alliance Group Mortgage in Sarasota, Florida - June 05, 2019 - Alliance Group Mortgage
C2 Energy Capital Completes Largest Solar Project Installed on a Landfill in Tennessee
C2 Energy Capital, LLC, a rapidly growing investor in renewable energy and storage assets, announced today the completion of the largest solar project installed on a landfill in Tennessee. C2 Energy Capital provided financing and support services for the development and construction of the 2.7 MW... - May 30, 2019 - C2 Energy Capital, LLC
“She for She”: Business and Professional Women of Colorado Celebrates 100 Years with Centennial Celebration
Business and Professional Women of Colorado (BPW Colorado) was founded in 1919. This organization has, and continues to be, a leader for women's rights at the local, state, national, and international levels. (BPW) of Colorado’s mission is to achieve equity for all women in the workplace... - May 26, 2019 - Business and Professional Women of Colorado
Approved Mortgage Expands Workforce with New Licensed Loan Officers
Approved Mortgage, Central Indiana’s largest and oldest locally owned mortgage company, makes key additions by adding new licensed loan officers to its team of over 30 experienced mortgage originators. - May 24, 2019 - Approved Mortgage Corporation
Premier Lender Expands Local Presence in Fresno
Platinum Home Mortgage opens new branch location in Fresno, California. - May 23, 2019 - Platinum Home Mortgage
Locust Park Capital Secures $3M Refinancing of CVS Pharmacy in Dallas, TX
Locus Park Capital has secured a $3 million refinancing for a net-leased CVS pharmacy in Dallas. The five-year loan features a fixed rate of 4.95 percent and a 30-year amortization schedule. The lender was a local community bank. Locust Park’s president Kenneth Lee arranged the loan on behalf... - May 23, 2019 - Locust Park Capital
National Credit Partners Helps Small Business Owners Who Are Overwhelmed with High Interest Debt
Small business owners are increasingly turning to alternative online financing as a fast way to keep their business afloat - although this money is easy to obtain, the interest rates are astronomical and the terms often predatory. That is where National Credit Partners steps in to help the over extended business owners. - May 22, 2019 - National Credit Partners
Locust Park Capital Arranges $12M Refinance for Mixed Use Building in Orlando's Central Business District
Locust Park Capital has secured a $12 million loan to refinance a seven-story mixed use building in the Central Business District of Orlando, Florida. The recently renovated building was fully leased at the time of financing. Kenneth Lee of Locust Park arranged the five-year loan with a fixed rate... - May 19, 2019 - Locust Park Capital
RSLFC Receives A Rating Raise on Portfolio from S&P Global Ratings
S&P Global Ratings has raised the ratings on student loan portfolio where RSLFC is the master servicer and administrator. - May 15, 2019 - iHELP Student Loan/RSLFC
Walmart Executed Agreements for 46 Solar Projects Across the US with C2 Energy Capital
C2 Energy Capital, LLC announced today that it executed 46 Power Purchase Agreements and leases with Walmart Inc. to provide solar power at the retailer’s operations in five states. These agreements represent a tangible commitment by Walmart to achieve the retailer’s goal to have 50... - May 14, 2019 - C2 Energy Capital, LLC
U.S. Claims Wins First Place in Two Categories in The Daily Report
Top-ranked pre-settlement funding company ranked the best in Georgia. - May 09, 2019 - DRB Capital
Nonprofit Lender BCL of Texas Appoints David Brennan as New Board Chair
Local non-profit economic development organization Business and Community Lenders (BCL) of Texas has appointed David Brennan of Waco, TX, as its new Board of Directors Chair. This designation comes as BCL’s retiring Chair, Andres Garza, Jr., is honored with the prestigious designation of... - May 08, 2019 - BCL of Texas
Daniel Gale Sotheby’s International Realty Named Among Top Brokers in the Nation by Two Industry Associations
Daniel Gale Sotheby’s International Realty, one of the nation’s leading realtors, has been recognized by two leading real estate industry groups for its outstanding sales accomplishments in 2018. RIS Media ranked Daniel Gale Sotheby’s International Realty 48th among its Top 500... - May 04, 2019 - Daniel Gale Sotheby's International Realty
Stocking Urban, LLC Announces Acquisition and New Lease Executions for 4510 N. Ravenswood in Chicago, Illinois
SUGR RH Ravenswood LLC (A joint venture partnership between Stocking Urban, LLC, Rene Hertsberg, and Gregory Robbins) is announcing the acquisition of the approximately 14,000 square foot flex industrial building at 4510 N. Ravenswood Avenue in Chicago, IL. The single-story building was fully renovated between 2004-2006, and sits on approximately 19,500 square feet of land with dedicated parking. - May 03, 2019 - Stocking Urban, LLC
Partner Colorado Credit Union Fosters a Culture of Caring Through Leave Sharing Program
Partner Colorado Credit Union now allows employees to donate their paid time off (PTO) to fellow co-workers experiencing a crisis who do not have enough leave time of their own. Also known as leave-sharing, this employer-sponsored program enables a Partner Colorado employee with accrued time off... - May 02, 2019 - Partner Colorado Credit Union
Partner Colorado Credit Union Appoints Doug Fagan President
Sundie Seefried Remains as Chief Executive Officer. - May 02, 2019 - Partner Colorado Credit Union
DRB Financial Solutions Closes $50 Million Financing
Multi-year, multi-asset credit facility primes company for accelerated growth in 2019. - May 01, 2019 - DRB Capital
Spencer Savings Bank Celebrates Financial Literacy Month with Almost 300 Students
Teach Children To Save Day is an opportunity for bankers to demonstrate their commitment to community by teaching young people the value of saving. Spencer Savings Bank recently celebrated Financial Literacy Month with almost 300 students across various schools in New Jersey. Bank employees participated in “Teach Children To Save Day” events and taught fifth and sixth grade students lesson plans on the importance of saving and other money management skills. - April 30, 2019 - Spencer Savings Bank
Partner Colorado Credit Union Announces Record Results with Latest High-Rate CD Promotion
Part of Credit Union’s Ongoing Strategy to Attract & Retain Deposits. - April 28, 2019 - Partner Colorado Credit Union
Partner Colorado Foundation Announces Record $500K Fund
Partner Colorado Credit Union announced today that the Partner Colorado Foundation has reached the $500K mark, a milestone achieved through the generosity of the credit union and its corporate and community partners. The Partner Colorado Foundation, committed to the credit union philosophy of... - April 28, 2019 - Partner Colorado Credit Union
Prospect Financial Group, Inc. Announces Their Top Sales Leaders for Quarter 1 of 2019
The Quarter 1 Sales Contest measures Mortgage Loan Originator performance in a number of categories throughout the quarter. Metrics include performance indicators like number of loan submissions, loan submission pull-through, overall volume, online reviews, fastest closings, and many more categories. Points are awarded to the top three loan officers in each category. - April 27, 2019 - Prospect Home Finance
C2 Energy Capital Completes 100th Solar Project, Announces “Developer-in-Residence” Program
In 4 years, growing from 2 partners to 20 employees, completing 100 solar projects and having 300 MW of assets in development, C2 Energy Capital’s growth is exponential. - April 25, 2019 - C2 Energy Capital, LLC
Credit Benchmark Announces Craig Broderick Head of New Advisory Board
Credit Benchmark, the leader in consensus credit data and analytics, announced the establishment of a new advisory board led by Craig Broderick, former chief risk officer (CRO) of Goldman Sachs & Co. Mr. Broderick retired from Goldman Sachs in January 2018 after 32 years, having served as CRO... - April 24, 2019 - Credit Benchmark
Lafferty Communities is Helping to Rebuild Sonoma County
Since the fires, homebuilder Lafferty Communities has been busy rebuilding homes and communities across Sonoma County. For more than 30 years, Lafferty Communities has been building quality homes throughout Northern California, and now, they are using their deep experience to help Sonoma County... - April 24, 2019 - Lafferty Communities
Spencer Savings Bank Donates $7,500 to CBHCare in Support of Mental Health
Spencer Savings Bank continues to support mental health and wellness in their community. They recently made a $7,500 donation to CBHCare, in support of mental health services in its community. The nonprofit organization, celebrating its 50th Anniversary, is the leader in behavioral health care services for New Jersey and Bergen County, offering compassionate and mental health services to thousands in Northern New Jersey. - April 22, 2019 - Spencer Savings Bank
Lafferty Communities Restores Historic Petaluma Home
In an age of a severe Bay Area housing shortage leading to a surge of real estate developments across the region, Lafferty Communities, a privately held, family-owned homebuilder, is doing their part to preserve the local communities where they are building. Lafferty is currently restoring a historic home in the hills of Petaluma. They will be repairing the home as it has deteriorated over time, while still preserving the features that convey its historical, cultural and architectural values. - April 17, 2019 - Lafferty Communities
GCP Fund President Joe Malvasio Closes Deal Worth $987,000, as the Company Agrees to Finance Acquisition of Office Space in Washington, DC Area
The commercial property will serve as the regional operations hub of one of the fastest emerging national company in the FMCG sector. - April 16, 2019 - GCP Fund