Summarize this content to 300 words The Philippine StarSeptember 13, 2024 | 12:00am MANILA, Philippines — Kredit Hero, Asia’s first AI-powered SME lending marketplace has entered the Philippines, transforming how small and medium-sized enterprises (SMEs) […]
What Happened: In a little-noticed development, eight states have enacted legislation that requires specific disclosures for commercial non-real estate secured financing transactions. Why is it Important: Recently, California, Connecticut, Florida, Georgia, Kansas, New York, Utah, […]
The commercial mortgage bond market is in serious trouble, according to hedge funder John Devaney. The United Capital CEO pointed to woes plaguing offices in particular. Office-backed loans are defaulting across major cities in the […]
On August 26, the United States District Court for the Southern District of Texas issued a decision upholding the legality of the CFPB Small Business Lending Rule (the “Rule”) (designed to implement section 1071 of […]
Värde Partners-backed Trimont is expanding its commercial real estate (CRE) loan services by acquiring Wells Fargo’s non-agency third-party US commercial mortgage servicing (CMS) business. The acquisition of the largest servicer of CRE securitised debt in […]
RFR Holding’s bad month isn’t getting any better. This time, Aby Rosen and Michael Fuchs’ $180 million commercial mortgage-backed securities loan tied to 17 State Street has been sent to its special servicer after RFR […]
Fred Seigel’s firm looks like it’s fed up with its floating interest rate on a massive Chicago office tower loan. His Boston-based Beacon Capital Partners’ $370 million commercial mortgage-backed securities loan moved to special servicing […]
Holden Lewis NerdWallet Mortgage rates plunged in the week ending Aug. 8 to their lowest since February 2023. The rapid decrease is likely to set off a wave of refinancing. The 30-year fixed-rate mortgage plummeted […]
Gordon College could be on the hook to repay $7 million of COVID-19 relief funds. A federal court rejected eight of the evangelical school’s arguments that it should be eligible for loan forgiveness. Gordon’s lawyers […]
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