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Within Commercial Lending
Autumn Patterson Joins Mars Bank as Penn Banking Center Manager
Autumn C. Patterson joined Mars Bank as Assistant Vice President and Manager of the Penn Banking Center located at 600 Pittsburgh Road (Rt. 8). Ms. Patterson is a 13-year veteran of retail banking and will serve both consumer and commercial customers in Penn Township, Saxonburg, Butler city and... - August 13, 2020 - Mars Bank
RBR Global Sales Offers Cash Advances for Small Business Relief
RBR Global Sales offers cash advance programs for small US businesses hard hit by the effects of the COVID-19 pandemic. The cash advances will be provided to all operational small businesses based on their business potential and future revenue, not solely based on credit score. Businesses with $100K in annual revenue and 1+ years of operation are eligible to apply for these advances. Business owners in need of financing can apply online in minutes by visiting the official website. - July 28, 2020 - RBR Global Sales
National Credit Partners Launches COVID-19 Recovery Initiative to Help Struggling Businesses
National Credit Partners (NCP), a financial firm specializing in business debt relief, announced that its in-house counsel has launched a new campaign to help struggling business owners recover from the COVID-19 pandemic, which has had an unprecedented impact on businesses across the... - July 27, 2020 - National Credit Partners
Crescent Lenders Funds $1,150,000 Real Estate Refinance Deal for Property That Leases to Cannabis Shop
Crescent Lenders, a private money lending business located in Los Angeles, California, recently closed a refinance deal on a commercial office building located in Del Rey Oaks, California. The collateral is a two-story 5,870 square foot building on a 10,500 square foot lot (with ample parking) and... - May 29, 2020 - Crescent Lenders
Progress Capital Arranges $14.5 Million Construction Loan for Self-Storage Project
Kathy Anderson arranged a $14.5 Million construction loan for Dino Tomassetti, managing member of 1 Holland, LLC. The property is located at 1 Terminal Road in Lyndhurst, NJ and when completed, will include 950 self-storage units that will be managed under the Life Storage banner. The Borrower... - May 13, 2020 - Progress Capital
COVID-19 Upends Small Business Owners; National Credit Partners Can Help
The unexpected crisis posed by the coronavirus pandemic has created unimaginable problems for small business owners who are overwhelmed with business debt. National Credit Partners offers a win/win solution. - April 14, 2020 - National Credit Partners
NexWest Capital Announces a New Way to Finance Equipment Purchases
NexWest Capital is an alternative lender that provides term loans, lines of credit and commercial real estate loans and has a loan specialist who works with you throughout the loan process. NexWest Capital can lend to all the major industries, and its qualifications aren't as stringent as some of the other lenders. NexWest Capital breaks its commercial loans down into term loans, revolving lines of credit, equipment financing and commercial real estate loans. - March 02, 2020 - NexWest, Inc.
NexWest Capital Announces Loans for Dentists with an Existing Practice
NexWest Capital is an alternative small business lender that provides term loans, lines of credit and commercial real estate loans and has a loan specialist who works with you throughout the loan process. NexWest Capital can lend to all the major industries, and its qualifications aren't as stringent as some of the other lenders. NexWest Capital breaks its commercial loans down into term loans, revolving lines of credit, equipment financing and commercial real estate loans. - March 02, 2020 - NexWest, Inc.
Mars Bank Celebrates Opening of Grove City Banking Center
Mars Bank board and management celebrated a ribbon cutting with the Grove City Area Chamber of Commerce and local dignitaries at the new Mars Bank Grove City Banking Center located at 109 South Broad Street in Grove City. The ribbon cutting culminated the redevelopment and build out of the new... - February 06, 2020 - Mars Bank
American Association of Private Lenders Announces New Ownership
As of November 5, 2019 ownership of the American Association of Private Lenders (AAPL) was transferred to a new majority owner, Eddie Wilson. Anthony Geraci of Geraci LLP retains a minority ownership stake. - November 13, 2019 - American Association of Private Lenders
Mars Bank’s Todd Receives Statewide Banking Award
Stefanie Todd, Vice President, Loan Operations at Mars Bank, received the Developer Award at the Pennsylvania Bankers Association’s (PA Bankers) annual Emerging Leaders Conference. The Developer Award is presented as part of the new Highlighting Young Professionals’ Excellence (H.Y.P.E. - October 24, 2019 - Mars Bank
Gregg Pierce, Managing Director of GCP Fund, Shares His Views on Recent Spike in Commercial Hard Money Lending
At a recent event, Gregg Pierce, Managing Director of GCP Fund, commented on recent developments in the hard money loans market. - October 11, 2019 - Global Capital Partners Fund LLC
Silvergate Names Antonio Martino Chief Financial Officer and Michael Lempres Director
Silvergate Bank is a San Diego-based bank that opened in 1988 and is a subsidiary of Silvergate Capital Corporation. Silvergate’s headquarters office is located at 4250 Executive Square, La Jolla, CA 92037. - October 07, 2019 - Silvergate Bank
Mars Bank Step Forward Campaign Raises Awareness Funds for Firefighter Scholarships
For the fourth year, Mars Bank is sponsoring the Step Forward Campaign which honors first responders, active military and veterans. Police, fire, emergency personnel and military Step Forward when others are backing away or turning to run. Mars Bank wants to honor their bravery and share their... - September 28, 2019 - Mars Bank
Mars Bank Hires McFeely for Grove City Market
Mars Bank hired Mitch McFeely to serve as Banking Center Manager in its soon-to-open Grove City banking center. The bank, which currently serves Mercer County through its mortgage and commercial lending teams, will open a full-service banking center in December 2019 at 109 Broad Street, Grove City. - September 14, 2019 - Mars Bank
Gregg Pierce of GCP Fund Reviews Top Five Cities for Real Estate Investment
In a recent public Q&A session, Gregg Pierce, Managing Director at GCP Fund, a national provider of bridge loans,reviewed the top five cities for real estate investment, sharing his expertise in the area. - August 24, 2019 - Global Capital Partners Fund LLC
C2 Energy Capital Owns and Operates the Largest Community Solar Project in Southeast Massachusetts – Part of Middleborough Electric’s Community Shared
C2 Energy Capital owns and operates the largest community solar project in southeastern Massachusetts. - August 24, 2019 - C2 Energy Capital, LLC
Progress Capital Secures $16 Million for Lehigh Student Housing Portfolio
Brad Domenico arranged $16,000,000 in financing for a valued client to acquire a 44 unit, 219 bed, multi-site Student Housing Portfolio adjacent to Lehigh University in Bethlehem, PA. Student Housing is known to be recession resilient and offers a degree of stability that is seldom present in... - August 17, 2019 - Progress Capital
C2 Energy Capital Scales Up Solar Sheep Program and Drives Down O&M Costs
Pilot Project’s Success in Jacksonville, Florida Clears the Path for Vegetation Management by Sheep. - August 01, 2019 - C2 Energy Capital, LLC
Mars Bank’s Mark Drenchko Appointed to Statewide Committee
Mark Drenchko Senior Vice President, Commercial and Retail Banking at Mars Bank has been appointed to the Pennsylvania Bankers Association’s (PA Bankers) Professional Development Policy Committee. The committee directs, monitors, and approves the association’s schools, conferences and... - July 11, 2019 - Mars Bank
Abe Mann of Progress Capital Secures $22.3 Million to Refinance Retail Shopping Center in Sicklerville, NJ
Progress Capital, a commercial mortgage advisory firm, closed a $22,300,000 loan from Valley National Bank to refinance The Shoppes at Cross Keys, a 176,000 square foot retail shopping center located in Sicklerville, NJ. Abe Mann of Progress Capital secured financing options that were tailored to... - June 30, 2019 - Progress Capital
$23 Million Secured for Refinance of "Hudson Heights" Multifamily Property in Union City
Brad Domenico, Partner at Progress Capital negotiated $23,353,000 for the refinance of a newly constructed high-rise apartment building located at 115-129 37th Street in Union City, NJ. The 10-story property, also known as “Hudson Heights,” is comprised of 96 high-end residential... - June 16, 2019 - Progress Capital
C2 Energy Capital Completes Largest Solar Project Installed on a Landfill in Tennessee
C2 Energy Capital, LLC, a rapidly growing investor in renewable energy and storage assets, announced today the completion of the largest solar project installed on a landfill in Tennessee. C2 Energy Capital provided financing and support services for the development and construction of the 2.7 MW... - May 30, 2019 - C2 Energy Capital, LLC
National Credit Partners Helps Small Business Owners Who Are Overwhelmed with High Interest Debt
Small business owners are increasingly turning to alternative online financing as a fast way to keep their business afloat - although this money is easy to obtain, the interest rates are astronomical and the terms often predatory. That is where National Credit Partners steps in to help the over extended business owners. - May 22, 2019 - National Credit Partners
Walmart Executed Agreements for 46 Solar Projects Across the US with C2 Energy Capital
C2 Energy Capital, LLC announced today that it executed 46 Power Purchase Agreements and leases with Walmart Inc. to provide solar power at the retailer’s operations in five states. These agreements represent a tangible commitment by Walmart to achieve the retailer’s goal to have 50... - May 14, 2019 - C2 Energy Capital, LLC
C2 Energy Capital Completes 100th Solar Project, Announces “Developer-in-Residence” Program
In 4 years, growing from 2 partners to 20 employees, completing 100 solar projects and having 300 MW of assets in development, C2 Energy Capital’s growth is exponential. - April 25, 2019 - C2 Energy Capital, LLC
Mars Bank Promotes Mortgage Originator to Officer Position
Mars Bank promoted Megan Legursky, a mortgage originator with the bank since 2017 to the position of Assistant Vice President, Mortgage Loan Officer. Ms. Legursky serves customers in the greater Pittsburgh area with mortgages for purchase or refinance, home equity loans, and connects customers with... - March 23, 2019 - Mars Bank
Mars Bank Promotes Two to Vice President
Mars Bank promoted Hope Pifer to Vice President, Senior Financial Analyst and Stefanie Neff to Vice President, Loan Operations Manager. Each plays an integral role in the operations of the bank. “Hope and Stefanie are part of the next generation leaders that are so critical to our... - March 23, 2019 - Mars Bank
Mars Bancorp Named to 2019 OTCQX Best 50
Mars Bancorp (OTCQX: MNBP) is pleased to announce it was named to the 2019 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. Mars Bancorp is the parent company of Mars Bank. - February 22, 2019 - Mars Bank
Brad Domenico Secures $60,000,000 for Multifamily Portfolio in Hudson County
Brad Domenico, Partner at Progress Capital, negotiated a $60,000,000 acquisition loan for a portfolio of 18 multifamily buildings located in Hudson County, NJ. The portfolio was purchased for $75,000,000. Niko Nicolaou of Gebroe-Hammer represented both the buyer and the seller in the... - February 17, 2019 - Progress Capital
Kathy Anderson of Progress Capital Secures $10 Million in Acquisition Financing for Mixed-Use Property in Brick, NJ
Kathy Anderson, Founding Partner of Progress Capital negotiated a $10,000,000 permanent mortgage loan on behalf of Jerald Jerald Development Group, for a mixed-use building located at 101 Prosper Way in Brick, NJ. This 4-story property has 20,000 SF of ground floor retail space and 44 residential... - January 18, 2019 - Progress Capital
Mars Bank, Butler Radio Team Up to Support Veterans in Need
Mars Bank and the Butler Radio Network presented a check for $3,200 to Veterans in Need of Butler County. The bank and WISR, WBUT, and 97.7 The Rock Station donated as well as raised funds at community events, the Veterans Day Parade in Butler, and at Mars Bank locations. Veterans in Need provides... - January 17, 2019 - Mars Bank
Mars Bank’s Shawn Proper Appointed to Statewide Policy Committee
Shawn R. Proper, Senior Vice President Mortgage and Consumer Lending at Mars Bank, has been appointed to the Pennsylvania Bankers Association’s (PA Bankers) Government Relations Policy Committee. - January 10, 2019 - Mars Bank
Abe Mann of Progress Capital Secures $23 Million for Newly Constructed Retail in Harlem, NYC
On behalf of Jeff Sutton and Wharton Properties, Abe Mann of Progress Capital secured $23,000,000 to refinance 324 West 125th Street. Located on a prime corner in the Harlem neighborhood of Manhattan, the subject property is a newly constructed retail development anchored by CVS and Zwanger Pesiri... - November 30, 2018 - Progress Capital
Mars Bank’s Shawn Proper Graduates from PA Bankers Leadership Institute
Shawn R. Proper, Senior Vice President Mortgage and Consumer Lending at Mars Bank, recently graduated from the Pennsylvania Bankers Association (PA Bankers) Leadership Institute. A 15-month program, the Leadership Institute features a rigorous, participation-based curriculum with assignments completed individually and as teams. The learning is immediately applicable to work situations and long-term professional growth. - November 29, 2018 - Mars Bank
Three Fire Units Win Mars Bank’s Facebook Contest; Receive Donation
As part of Mars Bank’s Step Forward campaign, three local fire units received donations from the bank for their involvement in the bank’s Step Forward for first responders Facebook contest. The Step Forward campaign was a two-month celebration of first responders, active military, and veterans. It ran from September 11 to November 11, Veterans Day. - November 23, 2018 - Mars Bank
Abe Mann and Brit Zamoyta of Progress Capital Close $8.7M in Refinance for New York Townhomes in 4 Days
Abe Mann and Brit Zamoyta of Progress Capital closed $8.7M to refinance two luxury New York Townhomes and closed in 4 days. Property 1: 123 East 61st Street is an 8,500 SF property located on the Upper East Side of Manhattan. The subject property was in need of construction proceeds for hard and... - November 19, 2018 - Progress Capital
MoolahSense Launches M.A.I., a Blockchain-Based AI That Monitors Loans to Anticipate Delinquency, Fraud, & Default
How do you monitor your borrowers to prevent and anticipate delinquency, fraud and default while achieving consistent loan book performance? - November 07, 2018 - MoolahSense Pte Ltd
One Global Index Consulting Expands Operations to Include Business Funding for U.S. Companies
One Global Index Consulting expands operations to include funding business venture within the United States under its brand, One Global Business Financing. One Global Business Financing will provide and facilitate funding and capital sourcing for small, medium and large businesses across the United States. - October 19, 2018 - One Global Business Financing
Popular Commercial Lending Group (PCLG) Has Formed a New Hotel Lending Division Branded Popular Hotel Finance
Popular Commercial Lending Group (PCLG) has formed a new division Popular Hotel Finance (PHF) to expand its existing hotel lending business. In 2018 PCLG and PHF have partnered with multiple secondary market investors with assets well in excess of $100 billion USD to increase hotel lending market... - August 28, 2018 - Popular Commercial Lending Group
18,920 Central Coast Small Businesses Threatened by Aging
Project Equity Data Shows Potential Losses and Opportunities with Employee Ownership - August 27, 2018 - Project Equity
National Credit Partners Cracks the Code for Business Owners
National Credit Partners provide a lifeline for over-extended business owners who are drowning in debt with their ground-breaking Business Credit Dispute Program - August 15, 2018 - National Credit Partners
Starbanco Business Finance Announces the Expansion of Its Commercial Lending Platform
Starbanco has begun the recruitment process to fill several key roles in the soon to be open offices located in Chicago, Dallas and San Francisco. - July 18, 2018 - Starbanco Business Finance
Dionese Elected Chair of PA Bankers Association
James V. Dionise, President and Chief Executive Officer of Mars Bank, was recently elected chair of the Pennsylvania Bankers Association (PA Bankers). As chair, he will lead Pennsylvania’s largest banking trade association. In this new position, Dionise will have oversight of the... - July 14, 2018 - Mars Bank
Mars Bank Promotes Officers
Mars Bank promotes 3 Officers. - May 17, 2018 - Mars Bank
Bryan McClaine Joins Mars as Assistant Vice President, Mortgage Originator
Bryan K. McClaine (NMLS# 1737358) joined Mars Bank as an Assistant Vice President, Mortgage Originator. He will be responsible for generating residential mortgage business in Mercer and Butler counties. “Bryan is a great addition to our mortgage team,” said Shawn R. Proper, Mars Bank... - April 20, 2018 - Mars Bank
Mars Bank Adds Schoen to Head Risk Management Department
Mars Bank added Mark R. Schoen as Senior Vice President, Risk Management. Schoen has over 30 years of experience in banking, financial management, risk and compliance. He will manage Mars Bank’s risk management department and oversee risk, compliance and internal audit functions. “We... - April 14, 2018 - Mars Bank
Fountainhead Commercial Capital Funds $93.9 Million in Commercial Real Estate in 2017
Lender grows by 36 percent, doubles revenue and creates 396 jobs. - February 08, 2018 - Fountainhead Commercial Capital
PSP Homecare (PSCR) is Working on Updates to Become Fully Current in Its SEC Filings
Plan is for Company to File All Outstanding Filings as They Are Completed. Proto Script Pharmaceutical Corp. dba PSP Homecare ("PSP" or the "Company") (OTC PINK: PSCR), a durable medical equipment provider, announced today that the Company is in process of updating its fillings with SEC. - February 05, 2018 - Proto-Script Pharmaceutical Corp.
Rainmaker Analytics Announces Launch of New Commercial Real Estate Loan & Investment Loss Protection Program for Higher-Risk Investments
The INVIZEN IT Real-Time Status Asset Care Protection Program (“RTS”) design focuses on helping mortgage lenders dramatically reducing loan and investment losses for commercial income-producing property transactions, potentially saving billions of dollars annually. - January 31, 2018 - Invizen It