The firm said that it has agreed the sale of a portfolio of Irish commercial loans
to a consortium.
This new online version of our proven commercial loan
origination tools finally allows us to share this unique system with anyone with a computer," said Bill Marti, CFO.
According to Helfant, the current credit contraction is due mainly to the Tax Reform Act of 1986, which took away incentives to invest in commercial real estate; and the Financial Institutions Recovery, Reform, and Enforcement Act (FIRREA) of 1989, which imposed much tighter capital requirements for commercial loans
It primarily serves small business and professional customers in a highly responsive manner, providing commercial banking services, including real estate, construction, commercial loans
and SBA loans, to small- and medium-sized businesses.
He is currently president of the Northern New Jersey Chapter of Robert Morris Associates, an association of bank commercial loan
officers, and is active with the Watchung Council, Boy Scouts of America.
Since our focus is serving the commercial and business lending needs of business owners and non-profit organizations in Texas, Oklahoma, Arkansas and Kansas, we needed automated lending technology that created a reliable and efficient underwriting model for our small commercial loans
," Campbell said.
This increase was due primarily to a volume increase in commercial loans
as well as an increase in the prime rate from the previous year.
Discussions on strategies for non-performing commercial loans
were led by key capital management executives and high profile attorneys, including Kevin Donahue of Midland Loan Services, Thomas Deane of Wachovia Securities, Patrick Mooney of Wells Fargo Bank, Clark Rogers of KeyBank, and David Iannarone of CWCapital.
Heritage Capital Credit Corporation (OTC:HCPC) ("Heritage") announced today that it is preparing a Private Placement Memorandum ("PPM") in order to raise capital to fund asset backed securities backed by its BCLOC commercial loans
The company principally is engaged in the business of attracting deposits from the general public and investing in commercial loans
and investment securities.
The National Credit Union Administration (NCUA) adjusted federal regulations to allow credit unions to offer commercial loans
Peck, Vice President and Commercial Loan
Officer, who started the Bank's commercial lending operations in New York in 2003 and has since then participated in the origination of over $80 million in commercial loans
, and Kenneth J.