Loans

Interfirst Announces Major Expansion in Chicago Area

Retrieved on: 
Mercredi, août 4, 2021
Loans, Mortgage loan

CHICAGO, Aug. 4, 2021 /PRNewswire/ --Today, Interfirst announced a new investment of $5 million into the Chicago area.

Key Points: 
  • CHICAGO, Aug. 4, 2021 /PRNewswire/ --Today, Interfirst announced a new investment of $5 million into the Chicago area.
  • This will create hundreds of new jobs across the region, including up to 500 mortgage loan officer positions which Interfirst hopes to fill with many teachers from the community.
  • Our investment into the region is about hiring the kind of talent which will help Interfirst best serve the communities of the Chicago area," said Dhaval Patel, Senior Vice President at Interfirst.
  • Many new mortgage loan officers at Interfirst earn an annual income of between $44,000 and $68,000 and have the opportunity to earn much more.

Associa’s Federal Housing Administration Assist Program Helps Communities Navigate the FHA Certification Process

Retrieved on: 
Mercredi, août 4, 2021
Mortgage industry of the United States, Finance, Federal Housing Administration, Financial services in the United States, Money, FHA, Loans, Federal assistance in the United States, Mortgage, FHA insured loan

Dallas, TX, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Associa , the industrys largest community management company, provides start-to-finish support for Federal Housing Administration (FHA) certification to condominium associations through its one-of-a-kind Associa FHA Assist program.

Key Points: 
  • Dallas, TX, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Associa , the industrys largest community management company, provides start-to-finish support for Federal Housing Administration (FHA) certification to condominium associations through its one-of-a-kind Associa FHA Assist program.
  • The low down payment loans are made by qualified lenders and guaranteed by the Federal Housing Administration.
  • As an industry leader in community management, Associa is uniquely positioned to support communities in obtaining FHA approvals through its FHA Assist service.
  • The FHA Assist program providescondominium associations with convenient, professional, and efficient assistance in obtaining FHA approvals for their communities by facilitating communication, identifying and submitting required materials to the FHA, and managing the approval process.

Numerated Adds New Secured Lending Features to Its Digital Lending Platform for Banks & Credit Unions

Retrieved on: 
Mercredi, août 4, 2021
Professional Services, Data Management, Technology, Other Technology, Finance, Banking, Money, Finance, Economy, Loans, Bank, Collateral, Peer-to-peer lending

Numerated , the fast-growing fintech making business banking easy for financial institutions and their clients, has added new secured lending features to its digital lending platform to take the work out of business lending secured by specific collateral.

Key Points: 
  • Numerated , the fast-growing fintech making business banking easy for financial institutions and their clients, has added new secured lending features to its digital lending platform to take the work out of business lending secured by specific collateral.
  • The new capabilities add to Numerateds existing business lending solutions, providing banks and credit unions with a single digital lending platform for secured and unsecured loans and lines of credit.
  • Banks and credit unions use Numerated to make their business lending more efficient and to offer convenient digital channels to their clients.
  • Banks and credit unions use Numerateds digital lending platform to meet business expectations for digital convenience and to bring efficiency gains to their internal teams.

Top Strike Announces the Final Repayment of US$1.3 million from Galenas LLC, for a Total Repayment of US$5.5 million

Retrieved on: 
Mercredi, août 4, 2021
Finance, Money, Loans, Legal documents, Promissory note, Economy

"Vencanna Ventures" (the "Corporation" or "Vencanna") (CSE: VENI) (OTCQB: TPPRF) is pleased to announce the repayment in full of the US$1.3 million Galenas Convertible Promissory Note (the "Galenas US$1.3 million Note") in the amount of US$1.31 million.

Key Points: 
  • "Vencanna Ventures" (the "Corporation" or "Vencanna") (CSE: VENI) (OTCQB: TPPRF) is pleased to announce the repayment in full of the US$1.3 million Galenas Convertible Promissory Note (the "Galenas US$1.3 million Note") in the amount of US$1.31 million.
  • On July 8, 2021 the Corporation announced the repayment in full of the US$3.3 million Galenas Convertible Promissory Note (the "Galenas US$3.3 million Note") in the amount of US$4.2 million, which included US$0.9 million in accrued interest.
  • Current outstanding investments include a US$2.0 million loan to Cannavative Group LLC ("Cannavative"), bearing interest at 17.5% maturing on March 19, 2022.
  • The Corporation's cash position post repayment of the Galenas US$1.3 million Note is approximately $7.5 million.

Black Knight Enhances Groundbreaking, Consumer-Facing Servicing Digital Solution Via Integrations With Company's Technology Ecosystem and Beyond

Retrieved on: 
Mercredi, août 4, 2021
Loan servicing, Loans, Mortgage, Finance, Money, Servicing, Black Knight, Service companies

JACKSONVILLE, Fla., Aug. 4, 2021 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE: BKI), a leading provider of software, data and analytics to the mortgage and consumer loan, real estate and capital markets verticals, announced it has enhanced its innovative Servicing Digital solution by integrating it to several of the company's other products, including its loss mitigation, automated valuation model (AVM), and product, pricing and eligibility (PPE) solutions.

Key Points: 
  • Servicing Digital, an interactive, consumer-facing web and mobile solution, provides Black Knight servicing clients' customers with timely, customized information about their mortgages and homes, as well as a wide variety of self-service capabilities.
  • "From the beginning, Black Knight's vision for Servicing Digital has been to help servicers provide consumers with a one-stop shop for all tasks related to their mortgage and home throughout the servicing journey," said Joe Nackashi, president of Black Knight.
  • Black Knight has also integrated Servicing Digital with its Loss Mitigation solution, which lets customers initiate requests for assistance or modifications through an advanced self-service prompt within the app as a digital alternative to calling customer service.
  • Black Knight remains committed to delivering integrated solutions, such as Servicing Digital, that help servicers exceed their customers' expectations."

Allego Continues Aggressive Customer, Product and Employee Growth in the First Half of 2021

Retrieved on: 
Mercredi, août 4, 2021
Loans, Business process, Mortgage loan, Yoy, Enablement, Sales, Economy

Throughout 1H, Allego also saw a 109% YoY growth in expansion from existing customers as they continued to increase their adoption of the platform.

Key Points: 
  • Throughout 1H, Allego also saw a 109% YoY growth in expansion from existing customers as they continued to increase their adoption of the platform.
  • "After adopting Allego, our pass rate [for becoming licensed mortgage loan originator]increased from 76%-78% to 83%-85% and test scores jumped too.
  • To help customers continue to empower their sales teams to succeed at virtual selling, Allego rolled out several new product innovations in the first half.
  • To learn more about Allego and learning and enablement in the flow of work, please visit Allego.com .

TCG BDC, Inc. Announces Second Quarter 2021 Financial Results and Declares Third Quarter 2021 Base Dividend of $0.32 Per Common Share and Supplemental Dividend of $0.06 per Common Share

Retrieved on: 
Mardi, août 3, 2021
Finance, Money, Economy, Loans, Financial law, Credit, Property law, Bankruptcy, Second lien loan, Secured loan, Lien, GSO Capital Partners

The Company has investments in two credit funds, Middle Market Credit Fund, LLC (Credit Fund) and Middle Market Credit Fund II, LLC (Credit Fund II), which represented 13.9% of the Company's total investments at fair value.

Key Points: 
  • The Company has investments in two credit funds, Middle Market Credit Fund, LLC (Credit Fund) and Middle Market Credit Fund II, LLC (Credit Fund II), which represented 13.9% of the Company's total investments at fair value.
  • As of June30, 2021, Credit Fund had total investments at fair value of $1,097,258, which comprised 97.8% of first lien senior secured loans and 2.2% of second lien senior secured loans at fair value.
  • As of June30, 2021, Credit Fund II had total investments at fair value of $244,554, which comprised 88.2% of first lien senior secured loans and 11.8% of second lien senior secured loans at fair value.
  • Key drivers of internal risk ratings include financial metrics, financial covenants, liquidity and enterprise value coverage.

PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.095 per Share

Retrieved on: 
Mardi, août 3, 2021
Money, Finance, Economy, Loans, Debt, Credit, Bankruptcy, Financial law, Second lien loan, Secured loan, Subordinated debt, Lien

NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE: PFLT) declares its monthly distribution for August 2021 of $0.095 per share, payable on September 1, 2021 to stockholders of record as of August 18, 2021.

Key Points: 
  • NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE: PFLT) declares its monthly distribution for August 2021 of $0.095 per share, payable on September 1, 2021 to stockholders of record as of August 18, 2021.
  • ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
    PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt.
  • PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.
  • PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein.

Two-Thirds of Younger Homeowners Surveyed Plan to Renovate This Year, With Peaks in Home Equity Creating More Opportunity to Invest in Homes

Retrieved on: 
Mardi, août 3, 2021
Banking, Professional services, Finance, Money, Finance, Economy, Mortgage, Loans, Personal finance, Ownership, Credit, Home equity line of credit, Owner-occupancy, Home equity, Do it yourself

Greater reliance on the home as both a workplace and a family center has led many owners to tailor their homes to their needs.

Key Points: 
  • Greater reliance on the home as both a workplace and a family center has led many owners to tailor their homes to their needs.
  • Meanwhile, seven out of 10 (71%) younger homeowners have recently completed do-it-yourself (DIY) work compared to 42% of older generations.
  • Only 41% of younger current homeowners know they can access a home equity line of credit to finance significant improvements to their home.
  • Sparks surveyed a national sample of 2,000 adults ages 18+ who currently own a home or plan to in the future.

Tremont Mortgage Trust Closes $13.4 Million First Mortgage Bridge Loan to Finance Acquisition of Parallax Apartments in Portland, Oregon

Retrieved on: 
Mardi, août 3, 2021
REIT, Finance, Professional services, Residential Building & Real Estate, Construction & Property, Finance, Money, Financial services, Mortgage, Loans, Mortgage loan, Structured finance, United States housing bubble, Banking, Commercial mortgage-backed security, Secondary mortgage market

Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $13.4 million first mortgage floating-rate bridge loan to finance the acquisition of Parallax Apartments, a 66-unit, Class A, multifamily property located at 4030 North Williams Avenue in Portland, Oregon.

Key Points: 
  • Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $13.4 million first mortgage floating-rate bridge loan to finance the acquisition of Parallax Apartments, a 66-unit, Class A, multifamily property located at 4030 North Williams Avenue in Portland, Oregon.
  • The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements.
  • This loan meets TRMTs objective of investing capital into strong credit opportunities, backed by middle market commercial real estate properties and high quality sponsors.
  • Tremont Mortgage Trust (Nasdaq: TRMT) is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate.