loans

BBB Provides $2.0 Million Loan Package To Village Products

ruzik_tuzik — Fri, 19 Sep 2008 08:51:32 -0500

Bridge Business Bancorp, an operating division of Bridge Finance Group, today announced that it has provided Village Products, Inc. with a $1.5 million revolving line of credit and a $500 thousand SBA 7(a) term loan.

Copper Mesa Mining Announces Bridge Loan Facility

ruzik_tuzik — Thu, 11 Sep 2008 05:12:08 -0500

Copper Mesa Mining Corporation (TSX:CUX) today announced that it has negotiated at arms-length a secured bridge loan facility from private investors for up to US$2.3 million . The Loan is due on the first anniversary of the initial advance and bears interest at 6% per annum, payable quarterly. Each advance under the Loan is subject to certain conditions.

ESI Entertainment Announces USD 2 Million Loan

ruzik_tuzik — Thu, 26 Jun 2008 23:23:47 -0500

ESI Entertainment Systems Inc. (TSX: ESY) is pleased to announce that the Company has completed a loan agreement of USD $2 million bearing interest at the rate of 6% per annum and repayable in two installments with the first due on December 11, 2008 and the second due on June 11, 2009; the loan is secured by first ranking fixed charges on the entire issued share capital of two of the Company's principal subsidiaries, ESI Integrity Inc. and Citadel Commerce UK Limited.

DebtX To Sell $52 Million Loan Portfolio

ruzik_tuzik — Sat, 14 Jun 2008 01:57:50 -0500

DebtX, the largest marketplace for commercial whole loans, today announced it has been selected by a major U.S. commercial bank to dispose of more than $52 million in commercial and multifamily real estate loans.

FFIN Announces Student Loan Sale

ruzik_tuzik — Thu, 15 May 2008 03:30:23 -0500

First Financial Bankshares, Inc. (Nasdaq: FFIN) today reported the sale of approximately $50 million in student loans in April and May 2008, recognizing a before income tax premium of approximately $1.5 million, similar to amounts recorded in the second quarter of 2007.

Citi Starts the Death March of Stated Loans in Earnest

admin_huliq — Fri, 09 May 2008 14:19:47 -0500

Citi released some guideline changes in the wholesale changes that can be described easily as the first big step towards killing stated income loans.

Kennedy Funding Closes Four Loans In One Day

ruzik_tuzik — Wed, 07 May 2008 07:00:42 -0500

In a lending environment where securing a loan is increasingly out of reach for borrowers, April 16 proved momentous for Hackensack-based Kennedy Funding, Inc. The direct private lending company closed four loans that day, three for land development and one for financial restructuring, totaling almost $40 million.

Changes Coming to the Loan, Credit Card Industry

admin_huliq — Sat, 03 May 2008 11:00:55 -0500

The Federal Reserve on Friday approved the proposal, released Thursday by the Office of Thrift Supervision and the National Credit Union Administration. The proposal would give reasonable time to make payments and much more.

Old Insurance Policies May Be Key To Buying New Home

ruzik_tuzik — Sat, 26 Apr 2008 05:42:26 -0500

Even as the housing slump sees home owners defaulting in record numbers and mortgage lenders writing off billions of dollars of bad loans, others are seeking the silver lining. Home prices are falling, and many consumers are betting that now may be the time to buy. These would-be home owners are finding, however, that buying their dream home might not be as easy as it was before the housing bust.

Fed Throws Another $50 Billion In Short Term Loans

admin_huliq — Wed, 23 Apr 2008 09:00:16 -0500

The Federal Reserve is at it again, pumping another $50 billion in short-term loans in to the financial system to prevent a freeze up. That brings the total to a cool $360 billion since the auctions started in December. 83 bidders were represented looking for a slice of the loans which were granted at 2.87% interest.

DebtX To Sell $218 Million In Residential, Commercial Real Estate Loans

ruzik_tuzik — Tue, 08 Apr 2008 02:03:08 -0500

DebtX, the largest marketplace for commercial debt, today announced the sale of more than $218 million in residential and commercial real estate loans secured by properties across the United States.

SBA Approves Over $1 Million In Disaster Loans In Alabama

ruzik_tuzik — Mon, 24 Mar 2008 23:24:21 -0500

More than $1 million in U.S. Small Business Administration Disaster Assistance Loans have been approved for residents in Alabama who were affected by the February 2008 storms and tornadoes.