Investment

CIM Group closes $ 135.85 million construction loan to Medistar Corporation for Texas A&M University student housing and parking complex in Houston

HOUSTON – (COMMERCIAL THREAD) – CIM Group, a community-driven owner, operator, lender and developer of infrastructure and real estate, today announced that it has entered into a $ 135.85 million construction loan to Medistar Corporation. The loan package will finance the development of a student housing complex and parking lot …

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CheckAlt, LEVERAGE Team on the repayment of the CU loan

Check Alt, which provides loan repayment and item processing solutions to credit unions (UCs) and banks, partners with LEVERAGE payment solutions to resolve loan repayment problems, according to a Press release. With CheckAlt’s LoanPay, borrowers can repay their loans anytime and by any means, the statement said. It was designed …

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Addressing Home Equity Loan Concerns

With the house prices are accelerating as they are, today’s owners sit on a collective capital of $ 22.7 trillion, the highest amount since analysts began collecting such data in 1945. It is according to a LendingTree study that examines one of the reasons borrowers are reluctant to apply for …

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The Encino brothers and their wives have been convicted of a fraudulent COVID-19 relief loan program; $ 18 million spent on luxury homes, jewelry and a Harley-Davidson

LOS ANGELES (CBSLA) – An Encino man and several members of his family were among those convicted of a scheme to take out more than $ 18 million in COVID-19 relief loans. Richard Ayvazyan, of Encino, convicted of conspiracy, money laundering and other federal crimes for his leading role in …

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Gold lending: Banks and NBFCs publish auction notices when defaults increase; looking at further losses as the value of the yellow metal drops from the 2020 high

Over the past few days, a full page notice regarding the NBFC Gold Lending Company Gold Lending Auction has been published in various newspapers across the country. Banners related to gold loan auctions can also be spotted outside many branches of the country’s largest public lender, the State Bank of …

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