Tag Archives: Commercial

FirstBancorp in Puerto Rico Selling Commercial Loans at $65M Loss

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FirstBancorp in Puerto Rico Selling Commercial Loans at M Loss
Lone Star Funds in Dallas paid $ 120 million in cash on Thursday for a portfolio of loans with an unpaid principal balance of $ 378 million. First BanCorp has agreed to two other agreements with unnamed investors to sell commercial and construction loans …
Read more on American Banker (subscription)

Construction companies to receive 370 billion MNT in soft loans
The Ministry of Construction and Urban Development and the Agency for Honest Competition and Consumer Rights signed a 370 billion MNT soft loan agreement with construction material suppliers today, on the condition that the suppliers keep their prices …
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For East Grand Forks, city-owned utility offers helping hand in construction …
Counting the recent commitment of a $ 1.5 million package to either repair or replace the EGF pool the public utility has contributed $ 2.6 million in grants and $ 2.9 million in loans to the city since 2000.JOHN STENNES/GRAND FORKS HERALD. List of …
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Lastest Commercial Loans News

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Commercial, Multifamily Mortgages Outperformed Other Loans During Crisis
Commercial, Multifamily Mortgages Outperformed Other Loans During Crisis Mortgages for commercial use and multifamily housing seem to have fared much better than typical consumer loans during the credit crunch and recession for banks and thrifts, …
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Arbor Commercial Funding provides seven loans for more than million for …
Arbor Commercial Funding recently funded seven loans totaling more than $ 27 million across Iowa, Michigan and Wisconsin. Stoney Creek Village Apartments in Shelby Township, Mich., received a $ 10.8 million 10-year refinance loan. Stoney Creek, just 30 …
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Lastest Commercial Loans News

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JPMorgan's Petno Sees Banks Making 'Irrational' Commercial Loans
Feb. 26 (Bloomberg) — Banks are making “irrational” commercial and industrial loans as they seek higher-yielding assets and the supply of quality borrowers is low, said JPMorgan Chase & Co.'s Doug Petno. “Just in the last several months we've seen …
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SBA Lending Marches On Post-Sequester, But Anxieties Linger
The Small Business Administration isn't expecting to slow down its pace of guaranteeing loans in the wake of the sequester, says outgoing SBA-chief Karen Mills. While the agency's loan-guarantee fund expects to lose $ 16.68 million, the SBA has never …
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