Avant Capital Partners (AVANT), a leading New York City based commercial mortgage bank that specializes in multifamily financing, closed a bridge loan of $2,853,301 for the acquisition and renovation of a 304-unit apartment complex in Dallas, TX. The loan was based upon 70% loan-to-cost and included the acquisition and renovation costs, as well as an [...]

The U.S. Small Business Administration reminds homeowners, renters, businesses of all sizes and non-profit organizations located in Alabama of the deadline to submit disaster loan applications for damage caused by severe storms and tornadoes that occurred from April 10 through 13, 2009. The deadline to file an application for physical damage is August 10, 2009.
The [...]

ACM Capital Partners, a national investment and advisory firm specializing in assisting middle-market companies in transition or distress, and Crestmark Bank, a nationally recognized provider of working capital solutions to small- and mid-sized businesses, today announced they have partnered to deliver a multi-million dollar asset-based loan for a struggling medical device company headquartered in California.
The [...]

The relationships small businesses have with their principal lenders appear to be good and even getting better, however 45% of the owners and managers participating in a nationwide Small Business Research Board (SBRB) study that use their residence as collateral said they have experienced a decrease in loan limits up to 10%.
Owners and managers of [...]

The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Ned Moran as Senior Vice President and Chief Information Officer.
Mr. Moran is responsible for ensuring that all information systems and services meet the Bank’s operational and strategic objectives. He has over 23 years of information technology experience in the financial [...]

First Bancshares, Inc. (“Company”), the holding company for First Home Savings Bank, today announced that it currently anticipates an increase of between $4.0 million and $4.5 million in its allowance for loan losses through a provision charged to income for the quarter ended December 31, 2008. This increase is attributable to a decline in market [...]

On November 10 Fitch Ratings affirmed the ‘A’ long-term Issuer Default Rating (IDR) of United Guaranty Corp. (UGC), the ‘AA-’ insurer financial strength (IFS) rating of United Guaranty Residential Insurance Company (UGRIC), and the ‘A’ IFS rating of Ezer Mortgage Insurance Company Ltd. (EMI). All of the ratings were removed from Rating Watch Evolving and [...]

A survey by the Urban Institute found that 1.9 million seniors found themselves having to choose between buying food and buying medicine. The survey was conducted in 1993—a time when the economy was booming! Due to the current economic woes, it is more difficult than ever for seniors to make it on their own.
“More and [...]

Daniel J. Doyle, President and Chief Executive Officer of Central Valley Community Bank (Bank), the sole subsidiary of Central Valley Community Bancorp announced the Bank will accept registered warrants issued by the State of California for a limited time.
Registered warrants will be accepted from existing customers beginning Thursday, July 2, 2009 through Friday, July 31, [...]

Heartland Financial USA, Inc. based in Dubuque, announced that is has acquired all deposits of The Elizabeth State Bank in Elizabeth, Ill. through its subsidiary Galena State Bank based in Galena, Ill. in a loss-share transaction facilitated by the Federal Deposit Insurance Corporation (FDIC).
“Customers can be assured that their deposits are safe and remain [...]