Secured Loan

South Korea extends SME loan support for six months

To help support small businesses, state-run financial institutions will provide liquidity worth around 4 trillion won. South Korea’s Financial Services Commission (FSC) has agreed with financial sector self-regulators to extend support for small business loans for six months. Since March of last year, lenders have extended the maturity date for loans to SMEs by six months to help them ease ...

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Senior Loans: What They Are and a Good ETF to Get Exposure

One way to get more returns is to look at senior loans and Invesco Senior Loan ETFs (BKLN), but what are Senior Loans and what makes them a viable option in today’s market environment? “Senior loans are debt securities typically used by companies to finance their operations, support business expansion and refinance existing debt,” said an article from CION Investments. ...

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Corporate Debt – Meaning, Structure and How Does It Work? – Forbes Advisor INDIA

Venture capital debt is a form of debt financing, typically a senior secured non-convertible loan, offered to new age venture capital backed companies. It serves as a strategic tool to complement equity financing and, if incorporated effectively, presents various effective use cases for new age businesses, including: Protect equity dilution – By using debt as growth capital, companies can achieve ...

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HUD Announces November Single Family Ticket Sale Made Up of Reverse Mortgage Properties

The US Department of Housing and Urban Development (HUD) announced Thursday that it will hold a competitive bid to sell vacant tickets held by HUD on November 10, consisting entirely of properties secured by home equity conversion mortgages (HECM ) in which the borrower is deceased and is not survived by a non-borrowing spouse (NBS). “On November 10, 2021, HUD ...

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Boston Properties Forms Joint Venture and Completes Acquisition of Safeco Plaza Marking BXP’s Entry into Seattle Market

BOSTON–(COMMERCIAL THREAD) – Boston Properties, Inc. (NYSE: BXP), the largest developer, owner and manager of Class A office buildings in the United States, today announced that it has completed the acquisition of Safeco Plaza, a 50 story building, 800,000 square foot LEED-Platinum certified Class A office building in Seattle, Washington. Safeco Plaza is currently 90% leased. This acquisition marks the ...

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Double whammy for car importer sentenced to pay 400 million shillings to Ecobank

By The Citizen Reporter Dar es Salaam. The distributor of new and used commercial vehicles, Benbros Motors Limited, was ordered to pay Ecobank Tanzania Limited 399 million shillings in unsettled loan it obtained for importing vehicles. The High Court’s commercial division dismissed the defense of vehicle importers and three loan guarantors who blamed the bank for their non-repayment of the ...

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Marchionda’s malaise | News, Sports, Jobs

The state auditor is asking for $ 7.87 million in potential findings for collection against developer Dominic Marchionda and others. By far the largest amount is going to Wick Towers in downtown Youngstown for the default on two state loans for the construction of the building. YOUNGSTOWN – State auditor could seek $ 7.87 million in collection findings from developer ...

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