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Senate Bill Would Prevent SBA From Becoming Direct Lender | 2021-12-14

Senator Tim Scott introduced a bill on Tuesday to prevent the Small Business Administration from becoming a direct lender, the Protecting Access to Credit for Small Businesses Act (S. 3382). The bill would prevent the SBA from directly granting loans under the 7 (a) program. “We support all efforts to prevent the SBA from becoming […]

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Direct Lender closes on Baltimore, MD, Seaport Office Tower

The property is exceptionally well positioned for tenants moving from the State Center area to the Baltimore CBD. Tweet this The property is exceptionally positioned for leases to state agencies, which are expected to relocate from the central state area to the CBD after from Maryland Downtown revitalization plan 2019 Baltimore. The sponsor expects to […]

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National Direct Lender Closes Loan to Complete Condominium Project in Portland, ME

PORTLAND, Maine, November 2, 2021 / PRNewswire / – Bloomfield Capital has announced the closing of a $ 4.0 million mezzanine construction loan on a condominium development in from Portland booming neighborhood of Munjoy Hill. The completed four storey property will consist of 45 units over an underground garage. The developer secured a senior construction […]

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Kennedy, Scott and their colleagues oppose Democratic plan that would make SBA a direct lender and hurt job creators – Press releases

WASHINGTON – Senator John Kennedy today joined Senator Tim Scott (RS.C.) and more than 10 other senators in writing to Senate Majority Leader Chuck Schumer (DN.Y.), President of the House Nancy Pelosi (D-Calif.), Senate Small Business Committee Chairman Ben Cardin (D-Md.) And House Small Business Committee Chair Nydia Velazquez (DN.Y.) oppose a Democratic plan that […]

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Ares CEO sees financing deals with direct lenders reach $ 5 billion

Ares Management, one of the dominant players in private credit, now underwrites contracts of up to $ 3 billion and may soon provide loans of up to $ 5 billion to a single borrower, CEO Michael Arougheti said. Private equity firms are increasingly bypassing syndicated loans arranged by banks and turning to direct lenders, usually […]

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Direct lender vs mortgage broker

Editorial independence We want to help you make better informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and allow us to earn a referral commission. For more information see How we make money. It’s one of the most important decisions you’ll make as a buyer: […]

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Exclusive: eye on defaults, US direct lender Colchis Capital to close funds

BOSTON (Reuters) – San Francisco-based Colchis Capital Management LP, a pioneer of online direct lending platforms, cuts major funds as disruption from the novel coronavirus begins to affect its consumer and real estate lending, according to documents reviewed by Reuters. “The biggest risk for Colchis Income Funds is unemployment for our consumer loans and the […]