Collateral

Leading Collateral Lender Borro Announces Key 2020 Accomplishments and Business Results

Retrieved on: 
Thursday, March 18, 2021
Finance, Banking, Luxury, Retail, Professional services, Money, Finance, Economy, Loans, Borro Private Finance, Credit, Collateral, Financial law, Asset-based lending, Asset backed lending

Borro , the leading provider of confidential, non-bank loans that use borrowers luxury assets as collateral, today announced key accomplishments and business results of its first calendar year of operations following its acquisition and relaunch by Luxury Asset Capital in early 2020.

Key Points: 
  • Borro , the leading provider of confidential, non-bank loans that use borrowers luxury assets as collateral, today announced key accomplishments and business results of its first calendar year of operations following its acquisition and relaunch by Luxury Asset Capital in early 2020.
  • Luxury Asset Capital and Borro are broadening the clientele benefiting from collateralized financing.
  • Borro provided a wide range of individual and business clients with fast and convenient financing during a period of significant economic upheaval.
  • Borro, a Luxury Asset Capital brand, is the leading provider of confidential, non-bank loans that use borrowers' luxury assets as collateral.

Freedom Financial Funds Announces $4.62 Million Loan To Rancho Empire Development, LLC

Retrieved on: 
Wednesday, March 17, 2021
Elsinore Trough, Lake Elsinore, California, Collateral

CALABASAS, Calif., March 17, 2021 /PRNewswire-PRWeb/ --Freedom Financial Funds, LLC recently provided a $4,620,000 loan for 84 percent of the total cost of a new acquisition and development in Lake Elsinore, California by Rancho Empire Development, LLC.

Key Points: 
  • CALABASAS, Calif., March 17, 2021 /PRNewswire-PRWeb/ --Freedom Financial Funds, LLC recently provided a $4,620,000 loan for 84 percent of the total cost of a new acquisition and development in Lake Elsinore, California by Rancho Empire Development, LLC.
  • Freedom Financial Funds will release three of the lots, which will serve as the collateral for the seller note.
  • The three lots retained by Freedom Financial Funds for its collateral will be improved to accommodate the requirements of the two ground tenants: 7-Eleven and Super Star Car Wash.
    Rancho Empire Development purchased the land with a combination of equity, a seller note and the loan from Freedom Financial Funds.
  • "Our multiple borrowing experiences with Freedom Financial Funds have been exceptionally professional, including tremendous responsiveness and attention to our needs from the entire Freedom team," said Mark Cooper of Rancho Empire Development.

KBRA Assigns Preliminary Ratings to CSAIL 2021-C20

Retrieved on: 
Monday, March 15, 2021
Professional services, Commercial Building & Real Estate, Finance, Construction & Property, Consulting, Banking, Finance, Money, Economy, Structured finance, Mortgage-backed security, Fixed-income securities, Corporate finance, Mortgage, Commercial mortgage-backed security, Commercial mortgage, Collateral, KBRA

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 17 classes of CSAIL 2021-C20, a $650.1 million CMBS conduit transaction collateralized by 28 commercial mortgage loans secured by 40 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 17 classes of CSAIL 2021-C20, a $650.1 million CMBS conduit transaction collateralized by 28 commercial mortgage loans secured by 40 properties.
  • The collateral properties are located throughout 21 MSAs, the largest three of which are New York (19.5%), Los Angeles (12.8%), and Atlanta (12.8%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 44.7% less than third party appraisal values.
  • To access ratings and relevant documents, click here .

'Slick Cash Loan' Offers Assistance Finding Small Loans with No Credit-Checks and Quick Approval Times to Help Ongoing Financial Crisis Facing Many Americans

Retrieved on: 
Monday, March 15, 2021
Loans, Economy, Credit, Collateral, Liability, Mortgage

Slick Cash Loan is known for its simple application process and quick funding of loans once approved.

Key Points: 
  • Slick Cash Loan is known for its simple application process and quick funding of loans once approved.
  • "Many Americans are having an extremely hard time right now with finances," said Mark Snow, Slick Cash Loan representative.
  • Simple Repayment Terms: No collateral or credit check is needed before getting a loan through Slick Cash Loan.
  • For more information about no-credit-check loan service offered by Slick Cash Loan, visit https://slickcashloan.com/personal-loans/no-credit-check-loans.php
    Follow Slick Cash Loan on social media to learn more: Facebook , Twitter , YouTube .

KBRA Assigns Preliminary Ratings to Mariner Finance Issuance Trust 2021-A

Retrieved on: 
Tuesday, March 2, 2021
Professional services, Finance, Finance, Money, Economy, Financial law, Fixed-income securities, Structured finance, Asset-backed security, Credit rating agency, KBRA, Unsecured debt, Collateral

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued from Mariner Finance Issuance Trust 2021-A (MFIT 2021-A), a personal loan asset-backed securities transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued from Mariner Finance Issuance Trust 2021-A (MFIT 2021-A), a personal loan asset-backed securities transaction.
  • The notes are collateralized by approximately $273 million of secured and unsecured, fixed-rate, non-revolving personal loans originated by Mariner Finance, LLC, (Mariner or the Company) as of the January 31, 2021 Statistical Cut-Off Date.
  • KBRA also conducted an operational assessment of Mariner, as well as a review of the transactions legal structure and transaction documents.
  • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

FinTech Collateral Velocity Closes Investment Round

Retrieved on: 
Monday, March 1, 2021
Software, Finance, Health, Banking, Data management, Hospitals, Professional services, Technology, Money, Finance, Articles, Credit, Financial technology, Collateral

Collateral Velocity, Inc., a fintech that provides certain and immediate low-cost liquidity for healthcare organizations while improving banking relationships, revenues and relevance, announced it has closed an investment round and partnered with PMMC.

Key Points: 
  • Collateral Velocity, Inc., a fintech that provides certain and immediate low-cost liquidity for healthcare organizations while improving banking relationships, revenues and relevance, announced it has closed an investment round and partnered with PMMC.
  • The investment in Collateral Velocity will be used to expand the platform's capabilities to support the healthcare spend associated with managed bundled payment programs and enable hospitals and health systems to better address the financial uncertainties of various reimbursement practices by health plans and employers.
  • Collateral Velocity has designed new financial products based on the processing of public or private medical claims associated with value-based and other payor contracts.
  • Collateral Velocity is a portfolio company of Carolinas Fintech Ventures, LP (CFV), an early-stage venture capital firm specializing in financial technology.

KBRA Assigns Preliminary Ratings to Benchmark 2021-B24

Retrieved on: 
Monday, March 1, 2021
Professional services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Finance, Money, Economy, Loans, Mortgage-backed security, Structured finance, Fixed-income securities, Commercial mortgage-backed security, Corporate finance, Commercial mortgage, Mortgage loan, Collateral

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 18 classes of Benchmark 2021-B24, a $1.2 billion CMBS conduit transaction collateralized by 40 commercial mortgage loans secured by 71 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 18 classes of Benchmark 2021-B24, a $1.2 billion CMBS conduit transaction collateralized by 40 commercial mortgage loans secured by 71 properties.
  • The collateral properties are located throughout 52 MSAs, the largest three of which are New York (22.1%), Palm Beach County (10.8%), and Las Vegas (6.9%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 44.7% less than third party appraisal values.
  • To access ratings and relevant documents, click here .

KBRA Assigns Preliminary Ratings to Wind River 2021-1 CLO Ltd.

Retrieved on: 
Monday, February 22, 2021
Other Professional Services, Professional services, Finance, Finance, Money, Economy, Loans, Credit, Structured finance, Mortgage, Collateralized loan obligation, Credit enhancement, Credit rating agency, Collateral

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Wind River 2021-1 CLO Ltd. (Wind River 2021-1), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of broadly syndicated senior secured leveraged loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Wind River 2021-1 CLO Ltd. (Wind River 2021-1), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of broadly syndicated senior secured leveraged loans.
  • Wind River 2021-1 is managed by First Eagle Alternative Credit, LLC (First Eagle or the collateral manager) and will have a five-year reinvestment period.
  • The ratings reflect initial credit enhancement levels, excess spread, and coverage tests including overcollateralization ratio and interest coverage tests.
  • The collateral in Wind River 2021-1 will mainly consist of broadly syndicated senior secured leveraged loans issued by corporate obligors diversified across sectors.

LQD Business Finance Launches Development of Bitcoin Business Lending Platform

Retrieved on: 
Friday, February 19, 2021
Money, Finance, Articles, Cryptocurrencies, Bitcoin, Loans, Digital currencies, Decentralization, Blockchain, Collateral, Economics of bitcoin

CHICAGO, Feb. 19, 2021 /PRNewswire/ --LQD Business Finance, a leading tech-enabled alternative lender, launches the development of the world's first Bitcoin business lending platform.

Key Points: 
  • CHICAGO, Feb. 19, 2021 /PRNewswire/ --LQD Business Finance, a leading tech-enabled alternative lender, launches the development of the world's first Bitcoin business lending platform.
  • While Bitcoin can be used as collateral to obtain a loan currently, the company's platform will be the first to use Bitcoin as a lending currency.
  • First, LQD Business Finance will build upon the Provenance blockchain to make the process of documenting and packaging loans more efficient.
  • LQD Business Finance is a Chicago-based, tech-enabled business lender that provides dynamic financingsolutions to the lower middle market.

HiFi Launches Fixed-rate Cryptocurrency Lending and Borrowing Application

Retrieved on: 
Wednesday, February 17, 2021
Technology, Finance, Banking, Other Technology, Professional services, Software, Networks, Hardware, Data management, Cryptocurrencies, Money, Finance, Economy, Decentralized finance, Stablecoin, USDC, Bitcoin, Collateral, Defi

Additionally, the HiFi protocol lowers collateral requirements for cryptocurrency lending and lifts the barriers preventing highly volatile assets as potential collateral pairs for crypto lending and borrowing applications.

Key Points: 
  • Additionally, the HiFi protocol lowers collateral requirements for cryptocurrency lending and lifts the barriers preventing highly volatile assets as potential collateral pairs for crypto lending and borrowing applications.
  • At the outset, HiFi offers USDC stablecoin borrowing with WBTC (wrapped Bitcoin) collateral, and the HiFi team plans to rapidly add products and services to expand lending markets and collateral pairs.
  • Fixed-rate lending is an important milestone for DeFi, said Doug Leonard, CEO of HiFi.
  • With the surge in DeFi lending activity, protocols like Aave have attempted to offer stable rate lending.