The Loan and Small of it
The much-touted home saver loan might not be as attractive as you reckon. The largest struggle for a middle-class family is to own a home, given that neither its buy nor its construction is affordable any more. Home loans are thus the most crucial …
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Benefits of High Leverage Debt
These mezzanine lenders can provide money for value-add deals, partner buy outs and even construction loans. For example, we recently arranged 85% financing for a client buying out his partners on a shopping center. After the buyout, he continued to …
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Peru Keeps 4.25% Rate as CPI Slows Amid Stable Growth
Peruvian economic activity expanded 4.3 percent in December, the slowest pace in three years, on a dip in construction, a mainstay of the $ 200 billion economy. The economy may post growth as much as … While total lending to companies and households …
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Miami bankers decry tax exemption repeal within Dolphins stadium bill
Since 1981, banks have been exempt from state taxes on international books of business, such as loans and deposit fees. The bill … There would be a temporary jobs impact during construction, and if the stadium should attract a Super Bowl or other events.
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FDIC details loans that shuttered American Marine Bank
A 2006 loan made to Pacifica Construction LLC, a company controlled by former American Marine director Dave Berry, was for construction of a luxury home on Bainbridge. The next year, the bank made another loan to a Berry-controlled company called …
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Bridging the gap
Construction will proceed a few units at a time until the project is finished late this year. A few apartments have … Participants learn the ins and outs of real estate transactions and can qualify for lower-interest loans to buy a home of their own …
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Chinese 'Dubai' Turns into Deserted Island
A "seven star" hotel is under construction on the wave-lapped oval, which the provincial tourism authority proclaims as a "fierce competitor" for the title of "eighth wonder of the modern world". But the island stands silent aside from a few … Chinese …
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Site Plot Moratorium: Commentary, No Action
The PACE program provides low-interest loans for owners of commercial properties to invest in energy saving improvements. Changes to the city's living … Members of the task force mentioned in the resolution are: Marcia Higgins (Ward 4 city council …
Read more on The Ann Arbor Chronicle