Joy Peppers Wed, 20 Oct 2021 18:51:57 +0000 en-US hourly 1 Joy Peppers 32 32 New Wave Loans Provides $ 9 Million Construction Loan; Lockhart completes self-storage facility with 1,117 units Wed, 20 Oct 2021 18:51:57 +0000

James Lockhart is a true expert in his field. This project was a great investment opportunity for the fund, and it opened a relationship with the best professional in the self-storage industry.

New Wave Loans recently granted South Florida developer James Lockhart of Lockhart Self Storage a $ 9 million construction loan. With the support of PB Brown, Brickell Group and MBA Development, Lockhart has just completed its latest self-storage project in Margate, Florida.

The facility will include 1,117 self-storage units averaging 89 square feet. Despite delays in the international materials supply chain, the project is currently on schedule and is expected to open to the public in December of this year.

“James Lockhart is a true expert in his field. This project has been a great investment opportunity for the fund, and it has opened a relationship with the best professional in the self-storage industry, ”said Ryan Powers, director of New Wave. Ready. “We hope to help him and his team facilitate many more transactions in the future.”

To date, New Wave Loans has provided over $ 1.2 billion in private bridging loans.


About new wave loans

New Wave is South Florida’s premier private lender, providing quality financing with an emphasis on speed, confidentiality and impeccable service. We lend our own capital directly, which gives us the ability to provide loans that our competitors cannot. Our business transparency combined with our tailored approach to lending has led to long-standing relationships with our clients and over $ 1.2 billion in successful transactions in recent years. To learn more about New Wave Loans, visit, or stay up to date with us via Facebook or LinkedIn.

New Wave Loans Media Contact

Taylar Ramsey Thompson

Taylar Thompson Events


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Pascale’s cuisine: Pita bread & salads Wed, 20 Oct 2021 13:46:00 +0000

Sometimes we crave simple, easy-to-prepare foods. Below you will find recipes for delicious salads when accompanied by a piece of fresh pita bread, for which I have also included a recipe.

It may seem at first glance that making pita bread at home is complicated, but it really isn’t. All you have to do is follow a few instructions and you are guaranteed to get near perfect results.

Pita bread dough should be a little more moist than regular bread dough, which helps the pocket to form inside the dough.

In my experience, the best way to bake pita bread is in an electric pot, which costs only NIS 100. You can also bake pita bread on a baking stone in your home oven.

And, of course, fresh pita bread wouldn’t be complete without some fresh, homemade salads to pick up. Below you’ll find the recipes for three of my favorite salads.

The first is one of my favorite salads: tomato salad, garlic and spicy green pepper.

Next are two extremely simple recipes for fried eggplant slices, although you have to follow the directions for the best results. The most important thing is to make sure that there is as little liquid as possible in the eggplant slices before you start frying them. The more you leave them coated in salt before frying, the easier it will be to remove any excess liquid. Coat them in flour, breadcrumbs or panko before frying, if desired.


Makes 14-16 coins.

1 kg. white, whole wheat or spelled flour, sifted
1 tbsp. salt
1½ tsp. dry yeast
1-2 tbsp. white, golden or brown sugar
3 tbsp. canola or olive oil
3½ cups of water at room temperature

Place the flour in a large bowl, add the salt and mix. Add the yeast and mix by hand. Add the sugar and mix well.

Add the oil and half the water and mix well. Knead the dough and gradually add the rest of the water while kneading. Keep kneading until the dough is very sticky.

Dip your hand in the water and turn the dough halfway up the bowl with the other hand. Stand at the edge of the bowl and continue kneading the dough. Continue to turn the bowl while holding the edge of the bowl and kneading the dough with the same hand. Continue kneading the dough for 8-10 minutes. Wet your hand a bit, if necessary, to prevent the dough from sticking.

Alternatively, knead the dough with an electric mixer fitted with a dough hook. Mix on low speed for 10 minutes until the dough forms a ball and falls off the side of the bowl. Add a little more water, if necessary, while mixing the dough.

Cover the bowl of dough you mixed by hand (or with a blender) with a damp kitchen towel. Place the bowl in a warm spot and let the dough rise for 60 to 90 minutes or until doubled in size.

Place a baking stone in your oven and preheat the oven to 250 ° about 90 minutes before baking the pita bread.

Place the dough on a largely floured work surface. Cut the dough into 14-16 pieces, shape them into balls and place them on a floured baking sheet. Cover with a tea towel and let rise for 10 more minutes. Roll out each ball in a flat circle.

Place each circle of dough on the hot baking stone (or on a baking sheet lined with parchment paper). Wait 30 to 60 seconds until the pita bread expands, then remove it from the oven. Continue to bake all the pita bread circles in the same way.

Difficulty level: Easy.
Time: 1 hour.
Status: Parvé.


Makes 4 servings.

3 medium tomatoes
1 large spicy green chili
2 garlic cloves, crushed
Salt and olive oil, to taste

Rinse the tomatoes and peppers then cut them into very small pieces. Place them in a bowl and add the garlic, salt and olive oil. Mix, taste and adjust the seasoning. Add a little lemon juice or vinegar, if desired. Serve with pita bread.

Difficulty level: Easy.
Time: 10 minutes.
Status: Parvé.


Makes 6 servings.

1 large eggplant
Kosher salt
1 large red pepper
1 large yellow pepper
3 hot peppers
frying oil

Spicy tomato sauce:
3 tbsp. olive oil
2 tomatoes, chopped
5 large cloves of garlic
100 grams tomato paste
1½ cup of water
Salt and pepper to taste
3-4 tbsp. the vinegar

Whole or chopped basil leaves

Cut off both ends of the eggplant. Rinse well and slice ½ cm. slices. Arrange the slices on a platter and sprinkle with kosher salt. Let them sit and sweat for an hour.

Cut off the stems, pith and seeds of the peppers and cut them into strips 2 cm wide. Cut the spicy peppers into two pieces.

Heat the oil in a pan so that it measures 2 cm. high, as you would use it for frying cutlets. Pat the eggplant slices with a paper towel and fry them in hot oil on both sides until they turn golden. Remove and place on absorbent paper.

Dry the peppers and fry them on both sides for 2-3 minutes. Remove them and place them in a bowl. Let the oil drain out.

To prepare the sauce, heat the oil in a large pan and add the crushed tomatoes and garlic and sauté for a few minutes. Add the tomato paste and stir. Add water, salt and pepper and mix. Lower the heat and cook for 10 minutes until the sauce thickens. If necessary, add ¼ cup of water.

Pour a thin layer of sauce into a medium, shallow round baking dish. Add a layer of eggplant slices, then a layer of pepper strips and on top 2 tablespoons of sauce. Then start another layer of eggplant slices and continue until you have used all the ingredients.

Gently shake the dish so that the sauce coats the vegetables. Place the dish in a preheated oven over medium heat and cook for 10 minutes. Serve hot.

Difficulty level: Average.
Time: 2 hours.
Status: Parvé.


Makes 6-8 servings.

2-3 eggplants
Salt to remove liquid
frying oil

Rinse the eggplants with water and dry them. Peel the eggplants, leaving large sections of skin so that they have stripes. Slice lengthwise or in circles.

Salt the eggplant slices on both sides and let them sit in a colander for a few hours or overnight in the refrigerator, to remove excess liquid.

Heat the oil in a pan so that it measures 2 cm. high. Pat the eggplant slices vigorously with paper towels to remove any remaining moisture. Fry the slices on both sides until golden brown.

Serve the eggplant slices covered with a sweet and sour sauce made from the juice of 1 large lemon, salt and pepper, 3 crushed garlic cloves and ½ cup chopped parsley. If you like yogurt, add some to the sauce.

Difficulty level: Easy.
Time: 1 hour.
Status: Parvé.

Translated by Hannah Hochner.

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3 Delicious Sundal Recipes: A Quick, Nutritious South Indian Snack To Enjoy With Tea Wed, 20 Oct 2021 07:44:03 +0000

South Indian cuisine offers a myriad of dishes that add a new taste to every meal. From drinks to snacks and the main course, there is no end to everything we can cook in minutes. Plus, with the flavors of mustard, curry leaves, crunchy dal, coconut and peanuts, every South Indian meal becomes heavenly and we can’t help but indulge in this wedding of spices. While we all enjoyed various South Indian snacks and main dishes, here we bring you a new recipe for another delicious southern snack – sundal, a popular snack that can be made with just a few ingredients.

(Also Read: Looking To Make Easy Dessert? Try Ney Appam Recipe – A South Indian Specialty)

Sundal can be cooked with a variety of legumes, including kidney beans, chickpeas, chickpeas, black-eyed peas, and other ingredients. After having prepared a base of legumes, this snack is tempered with spices, urad and chana dal, to give it a boost. At the end, the sundal is topped with grated coconut which complements it perfectly.

So, so that you can indulge in the benefits of sundal, today we bring you three sundal recipes that you can quickly prepare and enjoy with your tea!

(Also read: How To Make Lemon Rice – A Healthy And Delicious South Indian Dish)

Here Are 3 Sundal Recipes | Easy Sundal Recipes

1. Chana Dal Sundal

This sundal recipe is the most popular. It’s made from chickpeas and packed with nutrients and flavor. In this dish, the boiled chana is mixed with subtle masalas, dal, curry leaves and coconut which amplify its taste. This dish can be prepared in a matter of minutes. For the full chana dal sundal recipe, click here.

2. Sundal peanut

Peanut Sundal can be thought of as peanut chaat with mustard, curry leaves, and grated coconut. One bite in this snack and it will directly remind you of the coastal regions of South India. This dish is a famous tea time snack which is also served as Navratri Prasad during the festivities. See the full recipe here.


3. Rajma Sundal

If you have any leftover rajma from last night then the rajma sundal is a must-try. Rajma is a common ingredient in Indian cuisine. This legume can easily be found in markets or stores and has many benefits. All you need are some basic ingredients for the house, and this snack will be ready in just 10 minutes. Find the full recipe here.


Make these three delicious sundal recipes and enjoy them with your tea! Let us know in the comments below which one did you prefer.

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Osha Thai BBQ brings the flavor to McDowell Boulevard Tue, 19 Oct 2021 23:47:56 +0000

We also had the Pad Thai (with shrimp) and pineapple fried rice from the “Wok” menu, including the crab fried rice and spicy basil, which is the only other dish on the menu besides the salads. barbecue we haven’t tried yet. Both Wok options were solid, but we were already anticipating the main event – the BBQ, so we saved most of those two to take home.


Petaluma has some great Thai food options, but what sets Osha apart is their barbecue.

Osha’s barbecue platters all come with a papaya salad and a choice of steamed, fried, or dark sticky rice. We figured after our first visit that we would always choose fried rice in the future; However, our first try at black sticky rice was a real eye-opener. Not only fascinating to watch, but it also went well with the barbecue dishes and was a particularly nice addition to my curry reheating for lunch the next day.

The five barbecue options are chicken, beef, pork, pork ribs, and lamb. All were perfectly seasoned and prepared, each of us having our favorite. I liked them all, but the tender juiciness of the chicken was at the top of my list, followed closely by the lamb.


We ended our meal with the ever refreshing Thai sticky rice with a mango dessert.


With healthy portions and prices, our two visits resulted in plenty of leftovers. And after overnighting in our fridge, we’ll swear the flavors get even better with all soups and curries, probably because the extra time allows the various flavors to develop and blend together. Add in the leftover sticky rice and the barbecue and toss all the dishes for an amazing day after lunch.

Food and beverage service at Penngrove

During our lunch, we learned from a happy returning customer that Osha offers a catering service, after preparing his lunch the night before. It’s a great and innovative choice for any kind of party at home or in the office, as Osha’s menu has both great finger foods as well as main courses. And due to Osha’s excellent turnaround time, this makes for a great dinner option for Penngrovians, whether straight from home or on the way to their home after work, as they could easily place an order. by phone as late as the Novato Narrows and the food will be hot and waiting for them as they exit Highway 101.

Osha also compliments Petaluma’s excellent Thai restaurant choices by adding something different – a wide selection of Thai barbecue choices, as well as time-tested classics, such as Pad Thai, some curries, and a delicious Tom Yum soup.

What is “Thai cuisine”?

What most of us call “Thai cuisine” comes from the central plains of Thailand, home to the capital Bangkok along its southern edge. Stir-fry and noodles are popular here, as well as many curry dishes we’re used to here in the United States.

However, Thai cuisine is more of a general term as the four main regions of Thailand produce very different foods and flavors. Because Thailand has been along many historic trade routes, the cuisine benefits from contact with other cultures, embracing curries and samosas from India, stir-fries from China, and braised meats from Cambodia. They even expertly incorporated chillies and peanuts into their dishes, both of which are relatively new to Thai cuisine, which originated in the New World.

The northern region is heavily forested so there is a lot of fuel for cooking resulting in a lot of grilling, the weather is not hot enough for coconuts so dishes have to rely on water or broth for moisture instead of coconut milk, and because of the availability of several bitter herbs, cooking has a hint of astringent.

In the south, seafood is king, but without easy access to firewood, much of the cooking revolves around sun-dried items, such as shrimp paste. The south is also known to be the spiciest region of Thailand and relies heavily on coconut milk due to the coconut palm blooms in hot weather.

The owners

Chalida O’Ranratana, the founder of Osha Thai, hails from northern Thailand, where strong, tangy flavors are popular, including fish sauces. Additionally, grilling is prevalent in this region, which inspired Chalida’s brand new restaurant to offer Thai barbecue.

At 22, Chalida (pronounced “sha-LEE-da”) joined her sister Lalita Souksamlame in Los Angeles, working in the restaurant business to support herself and gain experience. The two moved to the Bay Area, launching their first restaurant, OSHA Thai Noodle Café in Geary and Leavenworth in San Francisco. From this first location, Chalida and Lalita opened several other Thai restaurants, usually with the name “Osha Thai”. Their other eateries include multiple Osha Thai Express, Osha Thai Noodle, Osha Thai BBQ, chic Osha Thai at the Embarcadero, Lao Table (serving Laos food), and Bann (a resort-style bed and breakfast in Napa) . Chalida discovered Petaluma while helping to open another Sonoma County restaurant for a friend and immediately liked the city and the people and therefore wanted to open a restaurant here.

With Chalida having so many plates in the air, my first contact with Osha Thai barbecue was Pollapak Anantakunupakorn, known as “Puck”. Puck grew up in Bangkok before spending his teenage years in England attending school.

According to Puck, “Osha” means tasty, delicious, and enjoyable eating. “It’s an expression we say when we taste something and say, ‘oh, delicious! “. Puck has helped Chalida with construction and installation for the past two years, including opening the new Osha Thai Express in Oakland and the quick opening of Petaluma’s first Osha Thai barbecue. Yes, I said ‘first’ because they are already in the process of securing an additional location which would be in the “new” shopping center of Lucky (on Lakeville).

Osha Thai BBQ is located at 1390 N. McDowell Blvd. A in the old “OSH” shopping center on the corner of N. McDowell and Old Redwood Hwy. It’s in the corner at the opposite end of the same building as Caffe Giostra. More recently, this space was a short-lived Thai restaurant and, before that, an Indian restaurant.

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Investment firm takes minority stake in Toppers Pizza Tue, 19 Oct 2021 20:15:00 +0000

Photo: Shutterstock

An investment firm has bought a minority stake in Whitewater, Wisconsin-based Toppers Pizza, the chain said on Tuesday.

The “long-term minority equity investment” came from Great Plains Capital LLC, an investment firm based in Oakbrook Terrace, Illinois. The amount of the funding was not disclosed, but Toppers said he would use the money to accelerate his growth plans.

The quick-service pizza chain currently has around 70 locations, with plans to open up to a dozen stores next year and up to 30 locations each of the following two years.

“I couldn’t be more excited about our partnership with Great Plains Capital and the impact it will have on our ability to grow, now is our time,” Scott Gittrich, CEO of Toppers Pizza, said in a statement. . “Throughout our 30-year history, consumer demand for delivery, technology, small restaurants and ‘better’ food concepts has grown steadily every year. The COVID-19 pandemic has further advanced these trends. Today, Toppers is perfectly positioned to grow significantly over the next few years. ”

Toppers invests in franchise development as well as company-owned stores, increased training and technology upgrades.

The quick service chain, known for its nighttime hours and forgiving bread sticks, has seen 13 straight quarters of increase in same-store sales. Toppers said nearly three-quarters of its system-wide sales came from its digital platform and 70% was generated by its auto-delivery operation.

Toppers, which was founded in 1991, also sells wings and desserts.

In 2017, the chain pulled out of the Illinois market. Most of its units are in Wisconsin and Michigan.

Toppers achieved total sales of $ 62.6 million in 2020, up 7.9% from the previous year, according to data from sister company Restaurant Business Technomic.

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KBRA assigns preliminary ratings to PMT Loan Trust 2021-INV1 (PMTLT 2021-INV1) Tue, 19 Oct 2021 13:48:00 +0000

NEW YORK–(COMMERCIAL THREAD) – Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 53 classes of mortgage transfer certificates from PMT Loan Trust 2021-INV1 (PMTLT 2021-INV1). The transaction is backed by mortgages for qualifying investment purposes by leading agencies. The PMTLT 2021-INV1 pool comprises 1,416 fixed rate first residential mortgages with a total principal balance of $ 414.7 million as of the October 1, 2021 deadline. The pool is characterized by significant equity of the borrower in each mortgaged property, as evidenced by the original WA LTV of 59.2%. The initial weighted average credit score is 778, which is within the range for prime mortgages.

KBRA’s scoring approach included a loan-level analysis of the mortgage pool through its RMBS credit model, a review of the results of due diligence of third-party loan files, a cash flow modeling analysis of the payment structure of the transaction, reviews of key parties to the transaction, and an assessment of the legal structure and documentation of the transaction. This analysis is described in more detail in our US RMBS rating methodology.

Click on here to view the report. To access the evaluations and relevant documents, click on here.

Related publications


Further information on key credit considerations, sensitivity analyzes that examine the factors that may affect these credit ratings and how they might lead to an upgrade or downgrade, and ESG factors (where they are a key factor in changing the credit rating or rating outlook) can be viewed in the full rating report mentioned above.

A description of all substantially significant sources that were used to prepare the credit rating and information about the method (s) (including significant models and sensitivity analyzes of relevant key rating assumptions, if any) used to determine the credit rating is available in the information disclosure form (s) located here.

Information on the meaning of each rating category can be located here.

Further information relating to this rating measure is available in the information disclosure form (s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures can be found at

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the United States Securities and Exchange Commission as NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a credit rating agency with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a credit rating agency with the UK Financial Conduct Authority under the temporary registration regime. In addition, KBRA is appointed as the designated rating agency by the Ontario Securities Commission for issuers of asset-backed securities to file a simplified prospectus or a shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a credit rating provider.

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Port of Call Food + Brew Hall in Downtown Charleston Tue, 19 Oct 2021 06:25:37 +0000

Port of call Food + Brewery | Photo by CHStoday

Hi Charleston, Tatum here. Last Sunday, I witnessed the smooth opening of Port of call Food + Brewery – a new food hall opening today in downtown Charleston.

The port of call is an area of ​​10,000 square feet located at 99 S. Market St.the former location of Bubba Gump Shrimp Co. Space redesigned includes a 2-story indoor dining room put behind a large outdoor terrace.

Inside the dining room
Inside the dining room | Photo by CHStoday

There are 5 suppliers to choose from – Greek restaurant Bapkó Grill House (pronounced var-ko), Asian fusion restaurant Bok Choy Boy, Empire oyster, Iaca acai bowls, and Palmira barbecue.

Vendors offer locally sourced and organically grown food, served in sustainable packaging. The room has 3 bars including one on the terrace. The bars serve beer, wine, and spirits with an emphasis on local craft beers.

Iaca Poke Bowl
Poke bowl by Iaca | Photo by CHStoday

I ordered a bowl of spicy tuna poke from Iaca and sat at a picnic table in the courtyard, which is shaded by living oaks strung with twinkling lights.

The bowl was delicious + I can’t wait to go back and try the other restaurants. The room is now open from 11 a.m. to 12 p.m. every day. The beer garden will open soon.

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9 places in the three cities that have the best milkshakes [LIST] Mon, 18 Oct 2021 19:31:56 +0000

Who has the best milkshakes in the Tri-Cities?

Nothing beats a milkshake and here in the Tri-Cities we have several places where you can grab a creamy and milky blend that will blow your mind.

As a child, I remember watching a sad episode of Lassie and crying. My adoptive mother gave me a small bowl of ice cream and I have always associated it with feeling better after being sad. It’s the same with milkshakes, if I’m having a hard day, I like an after-work milkshake to make myself feel better.

There are a lot of great places to have a milkshake in the Tri-Cities and I thought we were going to break down some of our favorite places to grab a cold one.

I think you’ll find some obvious favorites, but thanks to the Facebook group, All About The Tri-Cities, they’ve posted not-so-obvious places to grab a milkshake in the Tri-Cities and even a place on Walla Wall to explore. . . Take a look at our nine picks and let us know who we might add to the list.

9 places in the Tri-Cities that have the best milkshakes!

Who has the best milkshakes in the Tri-Cities? We know and we have the list for you below

This is our list of great places to grab a milkshake in the Tri-Cities. Did we miss someone from our list? Let us know so that we can update our list in the near future.

Tri-Cities has a sweet tooth and we’ve also compiled some other great places in Tri-Cities to check out if you’re looking for something sweet to dive into.

Tri-Cities Eats and Sweets We Can’t Live Without

Check out these places we can’t seem to live without in the Tri-Cities

25 Tri-Cities Food Trucks You Must Try Before You Die!

You’re going to want to lick the photos – here are 25 Tri-Cities food trucks you’ll want to try before you die!

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Amergent Hospitality Group Inc. at the Dawson James Small Cap Growth conference on October 21 | New Mon, 18 Oct 2021 15:34:42 +0000

CHARLOTTE, North Carolina, Oct. 18, 2021 (GLOBE NEWSWIRE) – Amergent Hospitality Group Inc. (OTCQB: AMHG) (“Amergent” or the “Company”), owner, operator and franchisor of several nationally recognized restaurant brands , today announced that Company CEO Michael Pruitt will provide an overview of the company at the 6th Annual Dawson James Small Cap Growth Conference at the Wyndham Grand Hotel in Jupiter, Florida.

Mr. Pruitt’s presentation will take place on Thursday, October 21 at 8:30 a.m. EST. in addition to participating in one-on-one meetings with qualified investors throughout the conference.

Investors attending the event can request a one-on-one meeting through the conference coordinators.

About Amergent Hospitality Group Inc. Based in Charlotte, North Carolina, Amergent owns, operates and franchises fast, casual and full-service food brands including American Burger Company, BGR – Burgers Grilled Right, Little Big Burger , PizzaRev and a Hooters game room. For more information, please visit:

About Dawson James Securities

Dawson James Securities, Inc., a member of FINRA / SIPC, is a full-service investment bank based in Boca Raton, Florida.

Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate”, “believe”, “continue”, “could”, “estimate”, ”,“ intend “,” may “,” plan “,” foresee “,” plan “,” should “and” will “and variations of such words and similar expressions are intended to identify such forward-looking statements. All statements in this press release regarding our expectations regarding this acquisition constitute forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited to, the accuracy of our estimates regarding expenses, capital requirements and the need for additional funding, our ability to operate our business and generate profits, declining global financial markets and economic downturn resulting from the global coronavirus pandemic COVID-19, business disruptions resulting from the global coronavirus pandemic COVID-19 and factors of general risks affecting the restaurant industry, including the current economic climate, labor costs and food prices These and other risks, assumptions and uncertainties are described in section 1A (Factors risk) in our most recent annual report on Form 10-K and in other documents that we file or provide to Securities an d Exchange Commission, which we encourage you to read. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results could differ materially from those indicated or anticipated by these forward-looking statements. Therefore, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We expressly disclaim any current intention to publicly update any forward-looking statement after the distribution of this press release, whether as a result of new information, future events, changes in assumptions or otherwise.

Amergent Hospitality Group Inc. Investor Contact: Jason Assad 678-570-6791

Copyright 2021 GlobeNewswire, Inc.

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New car loans are easier to get now than cars Mon, 18 Oct 2021 09:05:00 +0000

Finding a car may be more difficult than in recent memory, but buyers who line up a new vehicle are more likely to qualify for a loan.

Cox Automotive found that accessing loans in September was 5.5% easier than in the same period a year earlier. In general, access to credit by banks, credit unions and captive financial services of automakers has almost returned to pre-pandemic levels.

Also see: Auto thefts are on the rise – here’s where most cars are stolen

However, only automakers have eased loans to the level where consumers are just as likely to qualify in October 2021 as they were in February 2020 before the pandemic gripped the global economy.

That doesn’t mean car dealerships are flush with vehicles, however. Inventory levels remain at historically low levels with little change in sight as automakers struggle to source the parts needed to assemble new vehicles. Supply chain bottlenecks, compounded by the global shortage of labor and computer chips, make new cars difficult to locate.

Also on MarketWatch: Bidets are quickly becoming a must-have bathroom accessory – and, yes, toilet paper shortages are playing a role

Likewise, discounts on new vehicles – as well as incentive spending and automaker discounts – are rare. Some automakers are now offering unusual spiffs, such as accessory credits, instead of discounts.

This story originally took place on

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