PGC’s $14M bridging loan to EPIC to protect fund’s wind-down

July 1 – Pyne Gould Corp., which divested its Marac finance unit in the Heartland New Zealand Ltd. merger, will put up $14 million to refinance a related fund as it winds itself down.

Financial Magician -

Terrace Capital closes $4.2 MM commercial loan in Brooklyn, NY. The loan was originated by Terrace Capital’s Senior …

The new first mortgage loan was secured by an apartment building in the Park Slope section of Brooklyn, New York.New York, NY July 10, 2011 Terrace Capital, Inc., in strategic partnership with Greystone Servicing Corporation, Inc., has refinanced 528 Bergen Street, a 21-unit class A, apartment complex located in the Park Slope section of Brooklyn, New York.The proceeds of this $4.2 ...

Financial Magician -

Atlas Energy, L.P. Announces Increase to the Borrowing Base on Its Credit Facility to $160 Million

Atlas Energy, L.P. announced that its lending group on its senior secured credit facility has completed its borrowing base redetermination and has increased Atlas Energy’s borrowing base from $125 million to $160 million.

Financial Magician -

European suicide rates pushed higher by financial crisis

LONDON - Suicides rates rose sharply in Europe in 2007 to 2009 as the financial crisis drove unemployment up and squeezed incomes, with the worst hit countries like Greece and Ireland seeing the most dramatic increases, researchers said on Friday.

Financial Magician -

Will Small Businesses Squelch the Recovery?

Forget gold futures. For many economists, small business lending is the safest gauge of the economic recovery's strength

Financial Magician -

Negotiating the serious matter of personal loan guarantees

In the current lending environment, small businesses are often required to provide personal guaranties from their owners in order to obtain loans, even those secured by real property or other assets.

Financial Magician -

BoE says most credit supply to stay steady in Q3

LONDON, June 30 - British banks expect to keep the supply of most lending constant over the next three months, and for a recent rise in businesses' credit demand to level off, the Bank ...

Financial Magician -

Paul Streiber, M.B.A., CFP® Joins Heritage Financial Planning

Heritage Financial Planning, growing to meet clients’ needs, hires Paul R. Streiber, M.B.A., CFP®.Grapevine, TX July 07, 2011 Paul R. Streiber, M.B.A., CFP®, financial planner and wealth manager, has joined Heritage Financial Planning

Financial Magician -

Lloyds has most ‘risky’ home loans on its books

Lloyds Banking Group has the largest exposure to risky property loans in the UK, according to research by the Bank of England.

Financial Magician -

Debt Default The Financial Equivalent Of Nuclear Weapons

The Financial Equivalent of Nuclear Weapons happened to Portugal today, as its debt was downgraded t

Financial Magician -