Sfcos.org - The Latest Loan News and Information

That Junk Loan Is Now Basically a Junk Bond
Bloomberg
If you're confused about the differences between junk-rated loans and bonds, don't worry, you're not alone. These asset classes look more and more alike. While the loan market has traditionally been smaller than the high-yield bond market, it has ...



Crain's Chicago Business

Hard Rock Hotel snags $75 million loan to finance renovation
Crain's Chicago Business
The loan, which will help Becker finance a planned renovation and rebranding of the hotel, replaces $48 million in debt taken out five years ago on the landmark Carbide & Carbon Building. Becker borrowed that money in 2012 to stave off default on a $69 ...



Sioux Falls Argus Leader

South Dakota forgives payday lending debt with ruling on Dollar Loan Center
Sioux Falls Argus Leader
The state Division of Banking may have forgiven every Dollar Loan Center debt in South Dakota by revoking the company's license, the company's lawyer said Monday. In practice, the decision means a pass for the hundreds of borrowers whose names are ...



(b)lines Ask the Experts – Loan Defaults and Military Leaves of Absence
PLANSPONSOR
“What if the participant's loan repayments were in arrears prior to the commencement of the leave of absence? Q&A-10 of Treasury Regulation Section 1.72(p)-1 permits a plan administrator to allow for a cure period ending no later than the last day of ...



Gov. Justice and companies face $4.29 million lawsuit for helicopter loan
Beckley Register-Herald
The $6.6 million loan was taken Dec. 30, 2009, by Justice Aviation for a helicopter and two helicopter engines. Justice Aviation then leased the helicopter to James C. Justice Companies Inc. Justice also signed a guaranty agreement in 2009 on the loan ...



TNW

The new case for student loan forgiveness
TNW
Crushing student loan debts are preventing people from being able to participate in normal economic activities like buying homes and cars, and it is even preventing people from being able to participate in crucial consumerism habits like buying gifts ...

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Tampabay.com

Tampa-based vXchnge secures $200M loan to expand operations
Tampabay.com
Deutsche Bank provided the loan. Some of the funding will go toward a "significant expansion" in vXchnge's Austin, Tx., data center. The company would not disclose how much of the funding would be used in Tampa Bay, nor its number of employees.

and more »


BRIEF-Mirai to sign loan contract with commitment line
Reuters
Says it will sign a loan contract with commitment line for 2 billion yen, on Sept. 29. * Commitment period is one year. Source text in Japanese:goo.gl/GJqnvB. Further company coverage: (Beijing Headline News). Our Standards:The Thomson Reuters Trust ...



KSFY

Badlands empire ends amid Dollar Loan Center lawsuit
KSFY
The closure statement on KBAD's website came just two days after Brennan's Dollar Loan Centers filed a lawsuit against the director of the South Dakota Division of Banking. “It's just such a sad thing to see it go off the air; it was like being sucker ...



The Real Deal Magazine

The top outer-borough RE loans in August
The Real Deal Magazine
In the top 10 loans recorded in New York's outer boroughs last month, one company stands out from the rest: Madison Realty Capital. The private equity shop, with a book of business that's exploded in recent years, played a part in three of the top ...


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