Lending – Sfeva http://sfeva.org/ Fri, 01 Oct 2021 12:25:25 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://sfeva.org/wp-content/uploads/2021/05/sfeva-icon-150x150.png Lending – Sfeva http://sfeva.org/ 32 32 ‘Darkest Days’: Chrissy Teigen, John Legend Lose Baby After Pregnancy Complications https://sfeva.org/darkest-days-chrissy-teigen-john-legend-lose-baby-after-pregnancy-complications/ https://sfeva.org/darkest-days-chrissy-teigen-john-legend-lose-baby-after-pregnancy-complications/#respond Thu, 08 Apr 2021 02:38:35 +0000 https://sfeva.org/darkest-days-chrissy-teigen-john-legend-lose-baby-after-pregnancy-complications/

Model Chrissy Teigen and her husband John Legend mourn the loss of their son after complications from his pregnancy.

The couple told their son, “We will always love you” on their social media.

On Instagram, Teigen, 34, said: “We’re shocked and in the kind of deep pain you only hear about, the kind of pain we’ve never felt before.

We were never able to stop the bleeding and give our baby the fluids he needed, despite bags and bags of blood transfusions.

It just wasn’t enough. “

Teigen said she and Legend did not name their other two children, Luna, 4, and Miles, 2, “until the last possible moment after their birth, just before leaving the hospital.”

“But we, for some reason, had started calling this little guy in my stomach Jack. So he will always be Jack for us. Jack has worked so hard to be part of our little family, and he will be forever. our Jack – I’m so sorry that the first few moments of your life were faced with so many complications, that we were unable to provide you with the home you needed to survive.

We will always love you. Thank you to everyone who sent us positive energy, thoughts and prayers. We feel all your love and really appreciate you. We are so thankful for the life we ​​have, for our wonderful babies Luna and Miles, for all the amazing things we have been able to experience.

But every day cannot be full of sun. In these darkest days, we will cry, we will cry. But we’re going to hug and love each other harder and get through it. “

Teigen tweeted yesterday, “I’m driving home from hospital without a baby. How can this be real.

Teigen was bedridden in September and then hospitalized with excessive bleeding. On September 29, she reported on her social media, “I just had a really scary morning” and revealing that she had had a “huge” blood clot.

Legend and Teigen announced the pregnancy in August as part of their “Wild” music video.

The couple said the pregnancy was a surprise because it was believed that Teigen couldn’t get pregnant naturally. Luna and Miles were conceived through in vitro fertilization.

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Chrissy Teigen is offering to purchase complete wish lists of school supplies for teachers during the pandemic.


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Poll: Economic outlook on the rise after relief law | News, Sports, Jobs https://sfeva.org/poll-economic-outlook-on-the-rise-after-relief-law-news-sports-jobs/ https://sfeva.org/poll-economic-outlook-on-the-rise-after-relief-law-news-sports-jobs/#respond Thu, 08 Apr 2021 02:38:24 +0000 https://sfeva.org/poll-economic-outlook-on-the-rise-after-relief-law-news-sports-jobs/

WASHINGTON (AP) – Views on the country’s economy are the most optimistic they have been since the pandemic began more than a year ago, supported by Democrats feeling increasingly optimistic as President Joe Biden’s $ 1.9 trillion relief plan is being distributed across the country.

A new poll from the Associated Press-NORC Center for Public Affairs finds that 46% of Americans overall now view the economy as good, up from 37% who thought that way last month. Opinions about the economy collapsed at the start of the pandemic in April last year, when 29% said it was in good shape.

Fifty-eight percent of Democrats now rate economic conditions as good, compared to 35% of Republicans. Democratic sentiments about the economy improved after Biden replaced Donald Trump in the White House, with optimism growing further after he signed his historic bailout plan.

Only 15% of Democrats felt positive about the economy in December, but 41% did so in February. Among Republicans, positive opinions fell from 67% in December to 35% in February.

Americans may yearn for Republican-Democrat cooperation, but they also recognize the lingering divide as the economy begins to heal from the coronavirus.

“I would like to see a lot more cooperation between the two parties”, said Leo Martin, 84, of Council Bluffs, Iowa, and a former community college teacher. “But I’m afraid it’s similar to the past four years with the two sides not working together. I blame this not only on Donald Trump, but on the press who supported Trump and encouraged him. I think it was. ‘was divided before and that it gradually got worse. “

The improved outlook for Americans generally reflects favorable impressions of Biden’s relief program and the mass vaccinations that have allowed more schools, offices and retailers to reopen. Based on the economic forecast, Biden suggested last week that growth this year could exceed 6% – the strongest performance in 37 years. That level of growth would likely come with enough hires to boost national morale, potentially alleviating some of the polarization that has defined U.S. politics for more than a decade.

The poll shows that 54% of Americans approve of the Economic Relief Act, while 25% disapprove of it. Another 21% say they have no opinion. A large majority approves many elements of the law, including funding for immunization, direct payments of $ 1,400 and extended unemployment insurance, funding for the reopening of schools, support for families and aid. to housing.

Opinions are more mixed on the price after $ 4 trillion has already been spent to support the economy as the pandemic has caused massive layoffs and business closures. Forty-two percent say the debt-funded law spends about the right amount for relief, but an additional 31% say it spends too much and 26% say it spends too little.

Matt Holland of Guilford, Maine, said his paintball business declined 30% over the year, but he’s adapted and survived because he has no debt. He voted for Trump in 2020 and anticipates increased growth as more of the country is vaccinated, but he fears a growing deficit will dampen the economy in years to come.

“I’m not one of those believers who say you can print money and the deficit doesn’t matter – ultimately your change isn’t worth anything.” said Holland, 62.

While Republicans are more likely to say they disapprove of the back-up plan, they are not significantly hostile to many of its elements despite opposition from GOP lawmakers. At least two-thirds of Republicans approve of funding by law for grants and low-interest loans for small businesses, funding for vaccine distribution, and funding for safe schools to reopen.

Overall, 70% of Americans approve of payments of $ 1,400 sent directly to eligible Americans, including 86% of Democrats and 53% of Republicans.

Michelle Djajich, 34, said the direct payment would help buy new clothes for her four children, who are growing up with just about everything. But she fears that improved unemployment benefits will encourage people not to work. She has a job open at a Quizno’s sandwich shop where she works that pays $ 10.80 an hour and it’s hard to find someone to hire.

“If people don’t go back to work, all this money is going to be spent and the economy is going to suffer again. said Djajich, who lives in Fayetteville, North Carolina.

About two-thirds of Americans support mortgage financing and rent assistance, including about 8 in 10 Democrats and about half of Republicans. About 6 in 10 Americans support the extended moratorium on evictions and foreclosures, including three-quarters of Democrats and nearly half of Republicans.

Overall, 61% of Americans approve of the way Biden handles his job as president; 73% approve of its handling of the coronavirus pandemic; and 60% approve of the way he manages the economy. Less, 48%, approve of Biden’s handling of the federal budget deficit.

The direct payments from the Relief Act seem to have an impact on people’s lives. Half say they have already received the money; a quarter say they expect to receive one.

Among Americans who say they have received or expect to receive a payment, 33% say most of it will be used to pay bills. Another 21% say most of the money will be used to pay down debt. About 23% plan to save most of the payment, while 16% plan to increase their spending. Only 3% say they will donate it or give it to friends or family.

Skip Kendall, 72, of Naples, Fla., Said he appreciated the relief program, but felt the payments should have been better targeted.

“There were too many people who had money and who didn’t need it, including me” said Kendall, who put the money into savings. “I’m not going to send him back. But these things should be better directed to the people who need them. “

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Arar border post expected to generate billions of dollars in revenue for Iraq https://sfeva.org/arar-border-post-expected-to-generate-billions-of-dollars-in-revenue-for-iraq/ https://sfeva.org/arar-border-post-expected-to-generate-billions-of-dollars-in-revenue-for-iraq/#respond Thu, 08 Apr 2021 02:38:15 +0000 https://sfeva.org/arar-border-post-expected-to-generate-billions-of-dollars-in-revenue-for-iraq/

The Arar border crossing between Iraq and Saudi Arabia will help revive the Iraqi economy and generate some $ 1 billion in revenue in 2021, the crossing director said.

In statements to the press on Sunday, Habib Kadhim al-Ali said the crossing was officially open to trade and will also be open to travelers after the coronavirus-related restrictions on international travel are lifted.

“The relevant departments have fulfilled all their requirements for the full operation of the border post, at full capacity and 24 hours a day,” Ali said.

He said all material entering through the border must be officially cleared, which means it must have an official import permit. No material is allowed to enter without a license or certificate of origin.

The border post will become a “huge institution and offer great employment opportunities for residents of Anbar and Karbala provinces, in particular, and for Iraqis in general,” he added.

Customs clearance, transport companies and the establishment of a trade exchange zone will all take place on Iraqi territory, he continued. “It is a unique experience and will be carried out by Iraqi employees, which will increase employment opportunities.”

Incomes will be high and increase in the coming days, Ali noted, stressing that the border crossing would become a gateway for the Arab Gulf states and Egypt to export their products and goods to Iraq.

The State Corporation for Iraqi Trade Fairs and Services launched Iraqi fairs and import licenses through the Arar border post, he said.

The director said the company will start trading and entering shipments as soon as the goods are shipped from Saudi Arabia, which has been very flexible to avoid delays and ease the workflow.


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Groundwork laid for Biden to write off $ 50,000 in student loan debt https://sfeva.org/groundwork-laid-for-biden-to-write-off-50000-in-student-loan-debt/ https://sfeva.org/groundwork-laid-for-biden-to-write-off-50000-in-student-loan-debt/#respond Thu, 08 Apr 2021 02:38:02 +0000 https://sfeva.org/groundwork-laid-for-biden-to-write-off-50000-in-student-loan-debt/

Groundwork laid for Biden to write off $ 50,000 in student loan debt

The third stimulus checks are paid, it is not clear if there will be never be a fourth, and President Joe Biden is interested in spending money on roads, bridges and other infrastructure, and raising some taxes.

But what happens with the cancellation of the student loan? This has been the subject of a lot of discussion in Washington – so if you are inundated with college debt, will the government soon write off some of it?

Biden has publicly stated that he is prepared to write off $ 10,000 in federal student loan debt per borrower, but several developments pave the way for the president to forgive up to five times more. Here is a preview.

1. Members of Congress demand $ 50,000 in pardon

The United States Capitol, one of the most recognizable buildings in the world, and the seat of Congress in Washington, DC

Sherry V Smith / Shutterstock

Senate Majority Leader Chuck Schumer, Massachusetts Senator Elizabeth Warren and other leading Democrats have actively encouraged Biden to write off up to $ 50,000 in student loan debt for all borrowers.

“Student loan debt weighs on millions of families,” Schumer said in a statement in February. “We must do everything in our power to bring real relief to the American people.”

Pressure from Schumer and Warren to write off up to $ 50,000 in student debt per person began while President Donald Trump was still in office. Last September, they issued a press release with a headline stating, “Next President Can and Should Write Off Up To $ 50,000 In Student Loan Debt Immediately.”

2. Biden has people exploring the $ 50,000 question

The president said he was not sure he had the authority to get rid of $ 50,000 in student loan debt per borrower. Senator Schumer therefore announced in mid-March that the Justice Department had launched a legal review of the president’s ability to grant comprehensive student debt relief.

Meanwhile, Biden has asked his secretary of education to investigate the matter as well – and prepare a report.

“I hope we see this in the next few weeks,” said Ron Klain, White House chief of staff. says Politico. “And then he’ll look at that legal authority, he’ll look at the policy issues around it, and he’ll make a decision.”

3. A new law facilitates forgiveness, fiscally

An eraser from a pencil begins to erase the word Taxes, which makes for a great concept.

Keith Bell / Shutterstock

The recent COVID-19 relief bill the President signed – the one with those third, stimulus checks of $ 1,400 – also includes a tax exemption on student loan forgiveness which could save borrowers a lot of money.

With few exceptions, student loan debt canceled by the government has always been considered taxable income. But a provision added to the stimulus bill by Sen. Warren and fellow Democratic Senator Robert Menendez of New Jersey would exempt student debt from federal taxes until 2025.

Previously, Biden canceling $ 50,000 of your student loans all at once would have left you with a big tax bill. Now that the cancellation does not threaten to result in a painful tax penalty, the President could move forward with the knowledge that borrowers will not be burdened with onerous taxes.

4. The president has already canceled part of the student debt

In the space of about 10 days, the Biden administration recently wrote off about $ 2.3 billion in student loan debt: $ 1 billion held by borrowers who said they were cheated by their schools, and 1 , An additional $ 3 billion owed by Americans described as totally and permanently disabled. .

The measures have affected more than 300,000 borrowers – a tiny fraction of the estimated 43 million people who owe an estimated $ 1.7 trillion in federal student loans.

Clearly, forgiving up to $ 50,000 in debt per person would be a massive move for Biden, costing the government around $ 1,000 billion, according to multiple sources.

Waiting for an answer

Young concentrated African American couple examining their student loan debt.

fizkes / Shutterstock

If your student loan balance is wreaking havoc on your finances, try a few ways to cut spending while Congress, the president, and members of his administration work through the forgiveness problem.

Start by looking in refinance your student loans. Interest rates on student loan refinances have reached record highs, so if you can replace your federal student debt with a new, cheaper loan from a private lender, you could significantly reduce your monthly payments.

Look for savings elsewhere in your budget. Are you paying too much for your auto insurance? With many people now working from home and driving less, some auto insurers have given price reductions. If yours isn’t getting you a good deal, it’s time to shop around for new coverage that might save you hundreds of dollars per year.

Other small steps can mean big savings. When you go to the grocery store, use an app that gives you cash back just for take a picture of your receipt. To save when shopping online, download a free browser add-on which will automatically search for better prices or coupons.

Taking charge of your finances where you can is almost always a safer bet than waiting for Washington to get its act together.

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CPAs Seek Payment Insurance For Covid-19 Loan Services https://sfeva.org/cpas-seek-payment-insurance-for-covid-19-loan-services/ https://sfeva.org/cpas-seek-payment-insurance-for-covid-19-loan-services/#respond Thu, 08 Apr 2021 02:37:43 +0000 https://sfeva.org/cpas-seek-payment-insurance-for-covid-19-loan-services/

Accountants should verify that banks will pay their fees before helping their small business clients apply for a second round of coronavirus relief loans or stick to a traditional advisory services agreement.

The American Institute of CPAs on Thursday released updated guidance on the fees accountants can charge to cover their advisory and client support services with federally backed loan applications for the Personal Protection Program. paychecks.

If the bank agrees to pay the CPA or the firm, the accountants should document and disclose this to the client and describe the services they will provide, including compiling payroll reports, calculating monthly salary costs, and reviewing the payroll. asks, says the guide.

Accountants can also choose to use the most common consulting engagements to explain how they will help and their obligations to the client, said Erik Asgeirsson, president and CEO of CPA.com.

Under Orientation of the Treasury Department, accountants, lawyers or loan brokers, among others, could be considered agents and eligible for fees paid by lenders. The law that created the loan program also states that agents cannot charge any fees from the small business itself.

Not all banks have agreed to pay agent fees to accountants. Most accountants have relied on consulting engagements to cover their costs and help clients decide which relief option they should take, said Anne Zimmerman, who provides offsite CFO services to many of her clients. small business clients in Ohio.

“The application is only two pages long, so filling it out isn’t the hardest part. Figuring out how to get there and if it’s the right choice, I think that’s the hardest part, ”Zimmerman said.

Asgeirsson acknowledged that not all banks agreed to pay agent fees, but banking executives understand that CPAs are important to their operation.

“This is a critical time for companies to play the role of trusted advisor. It’s much broader than the simple PPP application, ”he said.

CPAs have been at the forefront of massive efforts to hand over the initial $ 350 billion in federally guaranteed loans to owners of closed and struggling businesses. But questions about what expenses are covered, how to calculate payroll, and the legal and ethical obligations of accountants quickly escalated amid the rushed deployment.

The AICPA has answered some of the key questions from accountants about fees and their legal and ethical obligations in a Q&A published on April 22.

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PawSox to host ‘Last Weekend Celebration’ to commemorate 50 years of Pawtucket before moving to Worcester https://sfeva.org/pawsox-to-host-last-weekend-celebration-to-commemorate-50-years-of-pawtucket-before-moving-to-worcester/ https://sfeva.org/pawsox-to-host-last-weekend-celebration-to-commemorate-50-years-of-pawtucket-before-moving-to-worcester/#respond Thu, 08 Apr 2021 02:37:21 +0000 https://sfeva.org/pawsox-to-host-last-weekend-celebration-to-commemorate-50-years-of-pawtucket-before-moving-to-worcester/

The coronavirus pandemic wiped out International League Baseball’s final season at McCoy Stadium in 2020. The Pawtucket Red Sox, however, will bid farewell to the city they lived in 50 years later this month as they are preparing to move. Worcester in 2021.

From October 15-18, the organization will organize a “Last Weekend Celebration”.

The festivities include a 33-hour marathon from October 17 at 9 am to October 18 at 6 pm in honor of the historic 33-game game played at McCoy Stadium in 1981. The competition remains the longest game ever played professionally. baseball.

The nonstop finals will follow city and state COVID-19 guidelines and allow kids to run the basics, a Boy Scouts sleepover, batting practice for high school and Slaterettes, and a Unity Fest concluding the weekend.

The celebration begins on October 15 when the PawSox / Skeffington Foundation will host the first PawSox Foundation Golf Classic at the Pawtucket Country Club. The golf outing is sponsored by Navigant Credit Union. Registration has already started. The profits will benefit the community.

On October 16, the PawSox will continue their Dining on the Diamond campaign, allowing fans to eat on the grounds of McCoy Stadium.

The marathon farewells begin on October 17th. From 9 a.m. to 3 p.m., PawSox fans can walk the warning trail, receive free PawSox gifts, and meet the Paws and Sox mascots. Fans must pre-register on pawsox.com to participate and receive a time slot.

The celebration ends with a community Unity Fest in partnership with Black Lives Matter Rhode Island. The event will promote racial justice and equality, and hopes to raise awareness of the establishment of the Pawtucket African-American Innovation Center, the first African-American charter school in New England.

The Diamond Dinner will continue for attendees of the event, which will also feature community entertainment featuring local speakers and gospel artists.

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CFPB develops proposal to avoid large-scale foreclosures https://sfeva.org/cfpb-develops-proposal-to-avoid-large-scale-foreclosures/ https://sfeva.org/cfpb-develops-proposal-to-avoid-large-scale-foreclosures/#respond Thu, 08 Apr 2021 02:36:57 +0000 https://sfeva.org/cfpb-develops-proposal-to-avoid-large-scale-foreclosures/

The Consumer Financial Protection Bureau (CFPB) has developed a proposal to prevent avoidable foreclosures, as the temporary forbearance measures put in place during the pandemic will expire in the fall.

© Shutterstock

The CFPB’s proposal aims to ensure that mortgage agents and borrowers can work together to prevent avoidable foreclosures.

“The nation has endured more than a year of a deadly pandemic and a punitive economic crisis. We must not lose sight of the dangers that many consumers still face, ”said Dave Uejio, Acting Director of CFPB. “Millions of families risk losing their homes to foreclosure in the coming months, even as the country reopens. Last week we warned that maintenance services need to be prepared for a high volume of borrowers coming out of forbearance, and today we are offering additional safeguards and tools for maintenance services as ‘they are sailing in the coming months. We will do everything in our power to ensure that duty officers work with struggling families to find solutions that prevent preventable foreclosures. “

Specifically, the proposed rule would provide for a special pre-foreclosure review period that would generally prohibit service providers from starting the foreclosure until after December 31, 2021. In addition, it would allow service providers to offer certain options for loan modification simplified for borrowers with COVID-19. difficulties related to the evaluation of an incomplete application. In addition, the CFPB is proposing temporary changes to some required communications with departments to ensure borrowers receive key information about their options.

In February, about 3 million homeowners were behind on their mortgages. Of that total, about 2.1 million mortgages were forborne and overdue for at least 90 days. If current trends continue, there could be 1.7 million overdue loans in September 2021. Additionally, black and Hispanic homeowners were more than twice as likely to be behind on housing payments in December. 2020, according to the CFPB.

The CFPB has warned mortgage agents to devote resources and staff to prepare for an increase in requests for assistance. The CFPB will monitor how providers engage with borrowers, respond to borrower requests, and process requests.

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These Are The Best Home Loans In The Outer Borough Of New York In May https://sfeva.org/these-are-the-best-home-loans-in-the-outer-borough-of-new-york-in-may/ https://sfeva.org/these-are-the-best-home-loans-in-the-outer-borough-of-new-york-in-may/#respond Wed, 07 Apr 2021 23:17:44 +0000 https://sfeva.org/these-are-the-best-home-loans-in-the-outer-borough-of-new-york-in-may/

Clockwise from top left: 42-10 27th St, Long Island City; Flatbush Gardens, Brooklyn; and 148-10 and 148-18 Guy R Brewer Boulevard, Queens (Google Maps)

The dollar volume for the outer boroughs highest lending edged up last month, but was still the second lowest total this year.

The top 10 loans totaled $ 828 million in May, the second full month of strict limits on business activity. It was 20 percent more than in April totally lamentable $ 689 million, but still lower than January, February and March totals.

The biggest deal last month was $ 329 million for Clipper Equity’s Flatbush Gardens, followed by $ 139 million for a Seagis Property Group project in Queens. None of the month’s other loans broke the $ 100 million mark.

The 10 biggest loans in May in the four boroughs outside of Manhattan included seven projects in Brooklyn and three projects in Queens.

The complete list:

1. Clipper Vessel | $ 329 million
David Bistricer’s Clipper Equity received this loan from the New York Community Bank for his Flatbush Gardens complex in Brooklyn. The 12-year loan paid off the property’s $ 246 million mortgage – which Clipper received from the same bank in 2018 – and provided Clipper with $ 78 million in cash to add to his stash, according to Crain’s. The residential complex includes 2,500 rent-stabilized apartments spread over 59 buildings. Clipper bought it for $ 138.2 million in 2005 through Renaissance Equity Holdings.

2. Separate the Red Seagis | $ 139 million
Seagis Property Group received this loan from Nuveen for 148-10 and 148-18 Guy R Brewer Boulevard near John F. Kennedy International Airport in Queens. The two-story industrial property spans 13,000 square feet, according to the city.

3. The Merchant Bank of Venice | $ 65.6 million
The Merchants Bank of Indiana has loaned Camber Property Group $ 65.6 million for its purchase of eight affordable housing units in Flatbush. The buildings are located on Linden Boulevard, East 21st Street, East 18th Street and Ocean Avenue. They span approximately 451,000 square feet and contain 384 residential units in total, according to PincusCo. Camber has spent around $ 82 million on the properties and plans to keep all residential units affordable.

4. The king of the Lions group | $ 65 million
Lions Group, run by the Shirian family, secured this loan from Greystone for 42-10 27th Street in Long Island City. The residential building is known as One LIC and has 20 floors and 110 apartments, according to StreetEasy.

5. Gandalf the Gray Stone | about. $ 58.4 million
Greystone made his second appearance on the list thanks to his loan to the Center Management Group for a retirement home at 155 Dean Street in Boerum Hill. The facility, known as the Hopkins Center for Rehabilitation and Healthcare, contains 288 residential units over 135,000 square feet, according to PincusCo.

6. Fortis Knox | $ 40 million
A subsidiary of Fortis Property Group received this loan from the United People’s Bank for the Buena Vida continuing care and rehabilitation center at 48 Cedar Street in Bushwick. The facility opened in 2001 and has 240 beds. It is eight stories tall and spans 131,650 square feet, according to the city.

7. National Bank of Silicon Valley | $ 38 million
Valley National Bank loaned Joseph Banda $ 38 million for 199 Montrose Avenue, a multi-family project in Williamsburg. The financing includes an $ 18 million loan. The Ministry of Buildings issued a temporary occupancy certificate for the 55-unit project in December.

8. Perfect 10th Street | about. $ 35.1 million
Rabsky Group obtained this loan from Berkadia Commercial Mortgage for the Driggs, the company’s luxury rental property at 220 North 10th Street in Williamsburg. The six-story building contains 234 rental units, with rents ranging from $ 2,860 for a one-bedroom to $ 5,723 for a three-bedroom, according to StreetEasy.

9. Daycare dollars | $ 32.5 million
The Yeled V’Yalda Early Years Center secured this loan from Citibank for its main office and learning center on 38th Street in Borough Park. The center offers programs including Head Start, special education services and mental health services.

10. United we are building | $ 25 million
The last loan in June went to Chris Xu’s United Construction and Development Group. Bank Hapoalim’s loan is for 131-01 Roosevelt Avenue, which is part of a development site in Flushing for which Xu contracted in 2016 for over $ 100 million.

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Saudi construction company Binladin to offer restructuring terms to lenders https://sfeva.org/saudi-construction-company-binladin-to-offer-restructuring-terms-to-lenders/ https://sfeva.org/saudi-construction-company-binladin-to-offer-restructuring-terms-to-lenders/#respond Wed, 07 Apr 2021 23:17:42 +0000 https://sfeva.org/saudi-construction-company-binladin-to-offer-restructuring-terms-to-lenders/

DUBAI (Reuters) – Binladin International Holding Group, Saudi Arabia’s largest construction company, will hold a virtual meeting with lenders on Wednesday to discuss a recapitalization proposal approved by its board of directors, the company said.

Binladin has been in talks since last year to refinance billions of dollars in debt, appointing Houlihan Lokey as financial advisor, sources said.

The company’s board has proposed that creditors maintain existing collateral and that lenders be offered several avenues to increase recovery on their loans, Binladin told Reuters.

The proposal would align “incentives for stakeholders to support the business,” he said in his statement, adding that Binladin was well placed to capitalize on opportunities in Saudi Arabia.

“There will be no outsourcing activity without the continued support of the lenders and the transaction has been intelligently designed to capture the support of stakeholders and position the company for a huge opportunity ahead,” said Arun. Reddy, managing director of Houlihan Lokey, in the statement.

The company did not give details of the amount of debt being restructured or the new structures, but said the proposal would give creditors “several options to improve their collections” by participating in new Binladin projects.

He said the plan would give the company a platform to grow, raise funds, finance new projects and kick off a turnaround.

Further details on the refinancing will be announced on April 5, Binladin said.

Reporting by Yousef Saba; Editing by Edmund Blair

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The inmate rule! | Columns | thecourierexpress.com https://sfeva.org/the-inmate-rule-columns-thecourierexpress-com/ https://sfeva.org/the-inmate-rule-columns-thecourierexpress-com/#respond Wed, 07 Apr 2021 23:17:40 +0000 https://sfeva.org/the-inmate-rule-columns-thecourierexpress-com/

What do you say about this? President Joe Biden’s $ 2.5 trillion infrastructure bill includes $ 20 billion – yes, billions of dollars – to destroy infrastructure.

According to the White House, Interstate 81 in Syracuse, New York and the Claiborne Expressway in New Orleans are two highways that they are ready to tear up because, wait … they are racist!

“I am delighted to hear that President Biden would call the Claiborne Expressway a racist highway,” said activist Amy Stelly. Of course, freeways have white stripes on the outside of every lane and … we can’t allow white stripes to tell black people what to do on the freeway. It’s racist!

Then there’s the stimulus package that sets aside $ 4 billion for black, Hispanic, Native American and Asian American farmers to pay off 120% of unpaid debts, plus an additional $ 1 billion for training, education, etc. technical assistance, grants and loans. White does not need to apply. No, seriously, white farmers are explicitly excluded from the program because of their skin color. Everyone knows that treating all Americans the same is racist.

The United States will lose the next great war if we wage it now, concluded the Navy’s First Seaman, Chief Machine Gunner Norman Mingo. “The Navy is prepared for inspections, not for war. “

Our shipyards cannot build three Virginia-class submarines per year, our minimum requirement. The F-35 Joint Strike Fighter keeps breaking down. We do not have the ability to combat China’s “counter-space” capabilities, that is, the ability to deny America access to our own constellations of critical satellites.

“The United States does not have the qualification to say that it wants to speak to China from a position of strength,” Chinese Politburo member Yang Jiechi told US Secretary of State Antony Blinken at the recent summit in Alaska.

According to Elaine Donnelly, president of the Center for Military Readiness, President Biden came up with the idea of ​​making “maternity flight suits” so that pregnant women could fight our wars at a recent Day of the Dead event. equality of women. The Air Force Human Systems Division is currently pursuing a three-phase “high priority” project to quickly align a one-piece or two-piece flight suit to accommodate pregnant “pilots” in combat, as you do not need to. to be a woman to be pregnant!

But there is more ! Pentagon spokesman John Kirby just announced new Defense Department regulations that allow transgender people to enlist and openly serve “in their self-identified gender.” But there is more ! They will be able to get medically “necessary” “transitional care”, Kirby told reporters at a briefing.

According to CNN, “The transition can cost a transgender person over $ 100,000,” and yes, we may have $ 21 trillion in debt and can’t build enough submarines or a fighter capable of flying. or to defend our satellites, but that cost is not a problem when it comes to “inclusion”.

Your 6.8% increase in defense spending that you just announced, on dumb stuff like fighters, tanks, submarines, aircraft carriers, supersonic missiles, and killer satellites, didn’t no chance against an inclusive, pregnant and transitioning force like ours!

In addition, we do not have political commissioners in our army like you Chinese. Our soldiers do not always look over their shoulders, fearing that they cannot trust their comrades.

No, as long as you are not religious, pro-life, or critical of something the government does, you have nothing to fear. To use the words of the DOD, all is well as long as you are not “anti-feminism”, “religious extremism”, “patriotic extremism”, that is to say, thinking “that the government American… is no longer able to protect the people from foreigners. threats. ”Otherwise, according to the Marines, your comrades have a duty to report you.

But if you are a “trained Marxist” who “disrupts the nuclear family structure prescribed by the West”, thinks “we must move beyond narrow nationalism”, and claims that the United States is systematically racist, no problem. .

The US Navy’s “extremism” training indicates that personnel can advocate for Black Lives Matter (BLM) because BLM is a “public policy issue.”

The detainees really run the asylum.

[This is a column of opinion and satire. The author knows of no undisclosed facts. Contact Lewis at www.josephmaxlewis.com.]

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