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Home2023February

Month: February 2023

McGraw-Hill Building’s 0M Loan Up for Grabs
Commercial Loans

McGraw-Hill Building’s $140M Loan Up for Grabs

February 25, 2023 Caroline Vega

Signature Bank is putting its performing loan on the landmarked McGraw-Hill Building up for sale one year before it’s scheduled to mature. The lender has engaged with Newmark on marketing the $140 million loan at […]

LoanPASS integrates PPE with ICE Mortgage Technology
Commercial Loans

LoanPASS integrates PPE with ICE Mortgage Technology

February 21, 2023 Caroline Vega

Miami-based fintech provider LoanPASS has integrated with ICE Mortgage Technology, a division of global data, technology, and market infrastructure provider Intercontinental Exchange, Inc. (ICE). The goal of the integration is to allow mutual clients to […]

Commercial Property Market Freezes, Sending Bond Volume Plummeting
Commercial Lending Update

Commercial Property Market Freezes, Sending Bond Volume Plummeting

February 17, 2023 Caroline Vega

(Bloomberg) — Sales of commercial mortgage bonds have fallen off a cliff, plummeting about 85% year-over-year, as rising interest rates cut into lending volume and defaults spook investors. Most Read from Bloomberg Only about $4.27 […]

Banks Boost Reserves At A Time Of Record CRE Lending And A Wobbly Economy
Banking

Banks Boost Reserves At A Time Of Record CRE Lending And A Wobbly Economy

February 13, 2023 Caroline Vega

U.S. banks are upping their reserves in anticipation of a recession in the near future, but are still making commercial real estate loans at a higher rate than a year ago. In the fourth quarter […]

Merchants Fleet Doubles Lending Capacity, Marks Global Entry for Commercial Lease Vehicles and Equipment
Commercial Loans

Merchants Fleet Doubles Lending Capacity, Marks Global Entry for Commercial Lease Vehicles and Equipment

February 9, 2023 Caroline Vega

HOOKSETT, N.H., Feb. 9, 2023 /PRNewswire/ — Merchants Fleet, the nation’s fastest growing fleet management company, today announced a major expansion of its lending capacity, more than doubling its ability to fund vehicles and equipment for […]

3 Of Philly’s Most Prominent Office Buildings May Be Underwater On Their Loans
Commercial Loans

3 Of Philly’s Most Prominent Office Buildings May Be Underwater On Their Loans

February 5, 2023 Caroline Vega

A handful of office buildings totaling over 3M SF between them could be staring down dire debt situations. 5 Crescent Drive in the Philadelphia Navy Yard, built for GlaxoSmithKline’s headquarters in 2013. The 207K SF […]

New York Community (NYCB) Q4 Earnings Miss, Stock Up 3.3%
Banking

New York Community (NYCB) Q4 Earnings Miss, Stock Up 3.3%

February 1, 2023 Caroline Vega

On Dec 1, 2022, New York Community Bancorp, Inc. NYCB acquired Flagstar Bancorp, Inc. Hence, the fourth-quarter and full-year 2022 results include one month of results from the buyout. NYCB‘s fourth-quarter 2022 adjusted earnings per […]

New York Requires Disclosure in Small Businesses Financing
Financing

New York Requires Disclosure in Small Businesses Financing

February 1, 2023 Caroline Vega

New York’s financial watchdog wants small businesses to have enough information when they seek financing. To that end, the New York Department of Financial Services (NYDFS) has adopted a new regulation governing disclosure agreements for commercial financing, […]

  • FOR LEASE: Northampton Professional Office
  • Commercial Price Slump Is One of the Worst Drops in a Half-Century
  • Plantation FL Excess Land Sale
  • FOR LEASE: Prime Northampton Retail
  • The Inspection Period In A Land Development Contract: What It Is And Why It Matters
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  • FOR LEASE: Northampton Professional Office
  • Commercial Price Slump Is One of the Worst Drops in a Half-Century
  • Plantation FL Excess Land Sale
  • FOR LEASE: Prime Northampton Retail
  • The Inspection Period In A Land Development Contract: What It Is And Why It Matters
  • Why Tenant Retention Should Be a Top Priority
  • Huntington, Live Oak to invest in, deploy gen AI-based lending
  • Why Tenant Retention Should Be a Top Priority
  • Kayne Anderson BDC Invests in SG Credit Partners
  • FOR LEASE: Northampton Professional Office

    FOR LEASE: Northampton Professional Office

    August 24, 2025
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  • 0,659 For Family, Small Business Loans: St. Helens credit union to share funding

    $520,659 For Family, Small Business Loans: St. Helens credit union to share funding

    October 4, 2022
      Three Oregon credit unions, including InRoads in St. Helens, will receive a total of $520,659 in federal dollars to support small loans to families and businesses. The funding is coming from the U.S. Department [...]
  • Dayton to invest M in ‘first floor’ small businesses

    Dayton to invest $7M in ‘first floor’ small businesses

    October 4, 2022
      DAYTON, Ohio — The City of Dayton is using $7 million in pandemic recovery funds to help entrepreneurs start or expand restaurants, salons and other street-level small businesses in neighborhood commercial areas. What You [...]
  • First Bank expands commercial lending capabilities (updated)

    First Bank expands commercial lending capabilities (updated)

    October 4, 2022
      First Bank is offering new options for commercial lending, the community bank announced Sept. 28, with the addition of servicing for private equity funds. The Hamilton-based institution said it offers capital call lines of [...]
  • FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources

    FoA plans to sell retail division to Guaranteed Rate, close wholesale channel: sources

    October 4, 2022
      Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its forward wholesale channel, multiple sources told HousingWire. According to [...]
  • Ashkenazy Acquisition Corporation Celebrates the Revitalization of Vernon Hills Shopping Center

    June 11, 2024
    Ashkenazy Acquisition Corporation led by Ben Ashkenazy completed the Vernon Hills Shopping Center repositioning in Scarsdale, NY. The center, serving over one million residents & visitors in Westchester County, is now fully leased & offers [...]
  • The Commercial Real Estate Meltdown is Spreading

    July 30, 2024
    InvestorPlace – Stock Market News, Stock Advice & Trading Tips Triple-A mortgage bonds are defaulting … keep your eye on regional banks … even with rate cuts, refi rates will be painful … what to [...]
  • Opportunities in a downturn: Capital raising and getting the “right” M&A deal done | White & Case LLP

    October 7, 2022
      Participants in the mining & metals supply chain will see many challenges—but also opportunities—in playing both offense and defense in an economic downturn. Despite the heady profits reported by many in 2021 and the [...]
  • Commercial real estate prices in US fall for first time since 2011 – Whittier Daily News

    May 22, 2023
    By Rich Miller | Bloomberg US commercial real estate prices fell in the first quarter for the first time in more than a decade, according to Moody’s Analytics, heightening the risk of more financial stress [...]
  • Top Banking Options for Immigrants and US Non-Citizens

    July 26, 2024
    Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions [...]
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  • Caroline Vega

    published 479 articles

  • Ed Winslow

    published 17 articles

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