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Secured Loan Bonds (CLOs), which bundle and sell corporate debt to investors, are increasingly seen as a major threat to the U.S. financial system. However, such concerns “are misplaced, driven by a misunderstanding of CLOs and their role in the banking system,” Wharton finance professors Michael R. Roberts and Michael Schwert write in this opinion …

Jasmine Johnae Cifton was indicted by a grand jury on two counts of fraud after prosecutors said she made personal purchases with a $ 150,000 relief loan. CHARLOTTE, North Carolina – A Charlotte woman is accused of lying to get a COVID-19 relief loan of nearly $ 150,000 which she then spent on a shopping …

VIRGINIA BEACH, Virginia – Federal prosecutors allege that a Virginia Beach woman and man set up a scheme to defraud customers for several years and then recently filed for unemployment benefits. Federal authorities intervened and made arrests. They said this ran from August 2012 to February 2018 and that Ronald Smith and Terri Miller owned …

Vlad Doronin, Len Blavatnik and 3425 Collins Avenue (Credit: Google Maps, Gesi Schilling and Mark Neyman / GPO) Billionaire Len Blavatnik’s Access Industries has secured a loan for the first Aman brand development in South Florida. The developer, 3425 Collins LLC, has secured $ 34.8 million in financing from OZK Bank for the site of …

From left to right: Jeff Ardizon, Robert Suris, Tony Castro and Dev Motwani, with a rendering of the project UPDATE, September 4, 11:40 a.m .: Merrimac Ventures brought in another developer, who secured a $ 4.7 million loan, with the intention of bringing an eight-story mixed-use multi-family project to Dania Beach. Fort Lauderdale-based Merrimac is …

During the lockdown, the RBI announced a ready moratorium. This was essentially extended until the end of September. But while the jury is still out on (literally) whether there will be interest on deferred IMEs and whether there will be a further extension, we’ve spoken to experts about whether you should go for a moratorium. …

Render of 57 Ocean and Marcelo Kingston (Photo credit: DBOX) Multiplan Real Estate Asset Management has entered into a $ 58.5 million construction loan for 57 Ocean, a luxury condo project in Miami Beach. The promoter, led by Brazilian billionaire José Isaac Peres, secured the loan from OZK Bank. The Little Rock, Arkansas-based bank is …

Rehoboth Beach, Delaware, May 04, 2020 (GLOBE NEWSWIRE) – Official today: The Minute Loan Center (MLC) in Rehoboth Beach, Delaware to welcome all staff at MLC Lewes, Delaware as we consolidate the two sites in one to better serve our customers. This unprecedented growth comes despite the difficult economic and social times we are going …

Have you ever applied for a business loan and been turned down? Or maybe you were offered a loan, but at a higher rate than expected? There are many reasons why the loan approval and underwriting process can be different for every business. However, according to Henry Gonzalez, president of Beach Bank’s Tampa Bay Market, …

New, higher compliant loan amounts have been announced for 2021. Many lenders are now offering the new guidelines. The new compliant loan amount on single family homes is $ 548,250. This replaces the limit of $ 510,400, an increase of $ 37,850. This is great news for people with an existing jumbo loan as they …