Commercial Mortgage Securities Association

LPL Financial Recognized for Technology Innovation by Bank Insurance Securities Association

Retrieved on: 
Tuesday, March 21, 2023

CHARLOTTE, N.C., March 21, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that it received a 2023 Technology Innovation Award from the Bank Insurance & Securities Association (BISA) for its proprietary Model Wealth Portfolios, a unified wealth management platform for advisors.

Key Points: 
  • CHARLOTTE, N.C., March 21, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that it received a 2023 Technology Innovation Award from the Bank Insurance & Securities Association (BISA) for its proprietary Model Wealth Portfolios, a unified wealth management platform for advisors.
  • With this award, BISA recognizes firms that help advance the financial services industry through their commitment to technology innovations in products, services and platforms.
  • Model Wealth Portfolios is designed to offer financial advisors the flexibility needed to deliver customized investment solutions for clients.
  • We’re thrilled to be recognized by BISA for technology innovation on behalf of the financial advisors at the institutions we serve,” said Rob Pettman, LPL Financial executive vice president, Wealth Management Solutions.

CREFC First-Quarter 2022 Survey Shows Broad and Meaningful Drop in Overall Sentiment on CRE Finance Markets

Retrieved on: 
Tuesday, April 19, 2022

CREFC's quarterly Sentiment Index is derived from the Board's responses to 10 core questions on the state of the CRE finance market.

Key Points: 
  • CREFC's quarterly Sentiment Index is derived from the Board's responses to 10 core questions on the state of the CRE finance market.
  • Overall sentiment dropped sharply from 105.2 in 4Q 2021 to 80.5 in 1Q 2022, a decline of 23%.
  • This was the second-largest drop in the index after a 31% drop in early 2020, the first survey conducted after the beginning of the pandemic.
  • CREFC's BOG Sentiment Index aims to gauge quarter-to-quarter shifts in market conditions for the CRE finance market and the outlook for the future.

High Arctic Announces Closing of $8.1 Million Mortgage Financing

Retrieved on: 
Tuesday, December 21, 2021

CALGARY, Alberta, Dec. 20, 2021 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that it has entered into a mortgage arrangement (the “Mortgage Financing”) with Business Development Bank of Canada (“BDC”) secured by land and buildings owned and occupied by High Arctic (the “Mortgage Security”).

Key Points: 
  • ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW
    CALGARY, Alberta, Dec. 20, 2021 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO) (High Arctic or the Corporation) is pleased to announce that it has entered into a mortgage arrangement (the Mortgage Financing) with Business Development Bank of Canada (BDC) secured by land and buildings owned and occupied by High Arctic (the Mortgage Security).
  • The $8.1 million mortgage has an initial term of 5 years with a fixed interest rate of 4.30% and an amortization period of 25 years.
  • The current credit facility with HSBC (the Credit Facility) which matures on August 31, 2023, has been amended to accommodate the Mortgage Financing.
  • The availability has been reduced from $45 million to $37 million and site-specific assets held as Mortgage Security for BDC have been carved out.

Tiger Brokers (Singapore) Receive Approvals from SGX as Depository Agent, Clearing and Trading Member for Investor Trades

Retrieved on: 
Wednesday, November 10, 2021

Eng Thiam Choon, CEO of Tiger Brokers (Singapore) commented, "Tiger Brokers has always focused on bringing a superior and seamless user experience to investors.

Key Points: 
  • Eng Thiam Choon, CEO of Tiger Brokers (Singapore) commented, "Tiger Brokers has always focused on bringing a superior and seamless user experience to investors.
  • This membership with SGX marks one of the latest in a series of continued enhancements to Tiger Trade's user experience when it comes to investing.
  • Tiger Brokers (Singapore)'s parent company, UP Fintech Holding Limited (NASDAQ: TIGR) or Tiger Brokers (including all of its subsidiaries and consolidated entities), recently shared their unaudited financial results for Q2 2021.
  • About Tiger Brokers (Singapore) Pte Ltd.
    Tiger Brokers (Singapore) Pte Ltd ("Tiger Brokers (Singapore)") is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS).

River City Bank announces expanded lending footprint with promotion of Dan Franklin to Director of Commercial Real Estate

Retrieved on: 
Thursday, May 13, 2021

In this new role, he will continue to drive expansion into new markets with commercial real estate lending that reflects our unique service-oriented approach and customized lending practices.

Key Points: 
  • In this new role, he will continue to drive expansion into new markets with commercial real estate lending that reflects our unique service-oriented approach and customized lending practices.
  • "\nTWEET THIS: #BreakingNews: @RiverCityBank announces expansion into various new markets including Texas, Colorado, Washington, Utah and Arizona; promotes Dan Franklin to Director of Commercial Real Estate, building on success and growth in Sacramento and the Bay Area.
  • #CRE #businessbanking\n"I am excited to take our highly successful lending practices, which are proven in California, and expand our reach into markets that are seeing renewed interest and growth in the commercial real estate space," said Dan Franklin, Director of Commercial Real Estate at River City Bank.
  • River City Bank offers a comprehensive suite of banking services, including loans, deposits and cash management tools to the business, consumer and commercial real estate sectors.

As CRE Industry Begins Post-COVID Rebound and Recovery, LGIS Enables Brokers and Financial Institutions to Collaborate on Recasting Existing Loans, Strengthening Portfolios and Grow New Loans with a Competitive Advantage

Retrieved on: 
Tuesday, March 16, 2021

Through its patented commercial property loan insurance (CPLI) product, LGIS provides CRE borrowers and lenders with an effective alternative to the outdated and problematic personal guarantee currently required for CRE loans.

Key Points: 
  • Through its patented commercial property loan insurance (CPLI) product, LGIS provides CRE borrowers and lenders with an effective alternative to the outdated and problematic personal guarantee currently required for CRE loans.
  • In doing so, CPLI provides strong, institutional grade-rated risk mitigation and increased capital relief for financial institutions and non-bank lenders alike.
  • This speedy market return has resulted in a rising appetite and availability for CRE projects.
  • LGIS Group is the pioneer of Commercial Property Loan Insurance (CPLI) for the CRE lending industry.

The Standard’s Amy Frazey Named to Board of Governors for Commercial Real Estate/Multifamily Finance at Mortgage Bankers Association

Retrieved on: 
Tuesday, December 8, 2020

Standard Insurance Company (The Standard) announced today that Amy Frazey, assistant vice president of Investment Administration for StanCorp Mortgage Investors, Inc., has been named by the Mortgage Bankers Association to its Commercial Real Estate/Multifamily Finance Board of Governors, or COMBOG, for 2021.

Key Points: 
  • Standard Insurance Company (The Standard) announced today that Amy Frazey, assistant vice president of Investment Administration for StanCorp Mortgage Investors, Inc., has been named by the Mortgage Bankers Association to its Commercial Real Estate/Multifamily Finance Board of Governors, or COMBOG, for 2021.
  • View the full release here: https://www.businesswire.com/news/home/20201208005158/en/
    Amy Frazey, Assistant Vice President of Investment Administration, StanCorp Mortgage Investors, Inc., The Standard (Photo: Business Wire)
    The Mortgage Bankers Association is the national association representing all facets of the real estate finance industry.
  • MBAs membership base includes all sectors of the real estate finance industry including originators, servicers, underwriters, compliance personnel and information technology professionals representing mortgage companies in the residential, commercial and multi-family arenas.
  • The board is composed of MBA member executives representing all aspects of the commercial/multifamily real estate finance industry.

400 Capital Management LLC Hires Carmel Partners’ Quinn Barton

Retrieved on: 
Tuesday, November 24, 2020

400 Capital Management LLC (400CM), a $4.4 billion leading alternative credit asset manager, has hired Quinn R. Barton III to expand its investments in commercial real estate finance.

Key Points: 
  • 400 Capital Management LLC (400CM), a $4.4 billion leading alternative credit asset manager, has hired Quinn R. Barton III to expand its investments in commercial real estate finance.
  • Mr. Barton, formerly a Managing Partner at Carmel Partners, is joining 400CM as a Senior Portfolio Manager of CRE and CMBS focusing on originating, structuring and trading all performing and non-performing CRE-related loans and securities.
  • The universe of distressed real estate assets has ballooned during the COVID-19 pandemic, said Mr. Barton.
  • 400 Capital Management LLC is an employee-owned firm led by four partners with over three decades of trading, investment and risk management experience in the credit and securitized credit markets coupled with an established record of investment success through multiple market cycles.

Reonomy Launches Commercial Mortgage-Backed Securities Data Enhancement

Retrieved on: 
Thursday, July 30, 2020

NEW YORK, July 30, 2020 /PRNewswire/ -- Reonomy , a leading provider of property intelligence, today announced the launch of the Commercial Mortgage-Backed Securities (CMBS) Data Enhancement to its platform.

Key Points: 
  • NEW YORK, July 30, 2020 /PRNewswire/ -- Reonomy , a leading provider of property intelligence, today announced the launch of the Commercial Mortgage-Backed Securities (CMBS) Data Enhancement to its platform.
  • The addition of the CMBS data set allows Reonomy users to easily find refinance opportunities, view CMBS ongoing financial and loan reporting, access increased coverage of property data points, and more.
  • By adding the CMBS data set, Reonomy is able to improve lead sourcing for debt brokers and lenders who use data points such as this to prospect for refinance opportunities.
  • Reonomy leverages big data, partnerships, and machine learning to connect the fragmented, disparate world of commercial real estate.

RealINSIGHT Offers Two Months of Free Access for Commercial Real Estate Lenders During COVID-19 Crisis

Retrieved on: 
Wednesday, April 22, 2020

To support the CRE industry, RealINSIGHT is offering new prospects two months of free access to its leading software solution for CRE professionals.

Key Points: 
  • To support the CRE industry, RealINSIGHT is offering new prospects two months of free access to its leading software solution for CRE professionals.
  • Onboarding and U.S.-based support are included during the free 60-day access period for those interested in managing a sample of their portfolio.
  • CRE professionals can work from anywhere with the following RealINSIGHT features:
    Secure and organized online access to documents is critical.
  • RealINSIGHT, a software solution built by industry experts, is the only choice that commercial real estate lenders, investors, and servicers value and trust.