Profit – Atriunfar http://atriunfar.net/ Wed, 29 Jun 2022 02:32:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://atriunfar.net/wp-content/uploads/2021/06/icon-3-150x150.png Profit – Atriunfar http://atriunfar.net/ 32 32 Apply for construction aid: participatory loan: after applying https://atriunfar.net/apply-for-construction-aid-participatory-loan-after-applying/ Wed, 29 Jun 2022 00:10:21 +0000 https://atriunfar.net/apply-for-construction-aid-participatory-loan-after-applying/ Homes England will check your application to ensure you can repay the loan. They will usually take 10 business days to let you know if they have approved your application. If your application is approved If you are approved for an equity loan and for your mortgage, Homes England will ask you if you still […]]]>

Homes England will check your application to ensure you can repay the loan.

They will usually take 10 business days to let you know if they have approved your application.

If your application is approved

If you are approved for an equity loan and for your mortgage, Homes England will ask you if you still want to go ahead with your project.

After accepting their offer, you can start building the house.

  1. The mortgage lender will give you parts of the mortgage at different stages of construction (you can make a plan for this when getting the mortgage).

  2. After completing the construction, you decide if you want to take out the equity loan.

  3. If you want to take out the loan, Homes England will pay it to the mortgage lender when you have shown them your building guarantee (proof that the building has been completed).

  4. The mortgage lender will subtract the loan amount from the value of the mortgage you owe.

You have 3 years to build the house. You can ask for more time if you haven’t finished building after 3 years.

Homes England will only allow more time if construction has been delayed due to circumstances beyond your control, for example import delays, staff shortages or weather conditions.

your contact

Homes England will provide you with the details of the equity loan administrator who can:

  • set up a direct debit to allow you to pay the monthly management fee of £1
  • manage fees and interest payments on your loan
  • help you if you want to repay part or all of your loan, or make changes to your account

Make the house your only property

Once Homes England has repaid the loan to your mortgage lender, you must:

  • live in the new house as your only home
  • sell any other residential property or land you own, even if it is overseas, within 12 months of the completion of construction

Rent the house or buy a property

You must not:

  • buy a second property
  • rent the whole house (you can rent a room as long as you also live in the house)

The people who live with you

Anyone else who has applied with you must also sell any other property or land they own within 12 months of the completion of the work.

Anyone living in the house who is over the age of 17 and has not applied for the loan must complete an Occupier’s Consent Deed form to confirm that they have no ownership rights to the new house . To do this, talk to your property lawyer or licensed transfer agent.

Add another person to the loan

You need permission from Homes England to add another person to your equity loan agreement once your loan has been paid to the mortgage lender.

Change the structure of the house

After paying off the loan to the mortgage lender, you can only make changes to the structure of the house for medical reasons.

You must ask Homes England if you wish to do this. The equity loan administrator can help you with this.

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2 REITs that are outperforming the Dow Jones https://atriunfar.net/2-reits-that-are-outperforming-the-dow-jones/ Sun, 26 Jun 2022 10:25:00 +0000 https://atriunfar.net/2-reits-that-are-outperforming-the-dow-jones/ Index funds are not only a proven way to invest in equity markets: the indices that these funds track serve as a standard benchmark for measuring performance. Take the Dow Jones Industrial Average and the SPDR Dow Jones Industrial Average ETFfor example. While it’s not unusual for managed funds and paid stock pickers to track […]]]>

Index funds are not only a proven way to invest in equity markets: the indices that these funds track serve as a standard benchmark for measuring performance. Take the Dow Jones Industrial Average and the SPDR Dow Jones Industrial Average ETFfor example.

While it’s not unusual for managed funds and paid stock pickers to track the performance of passive index stocks, individual investors also have good choices among stocks with a history of outperforming these benchmarks. . The two I’m going to highlight here are both real estate investment trusts (REITs): Accept real estate (CAN 2.21%) and Blackstone Mortgage Trust (BXMT 1.43%). REITs hold pools of income-producing assets and are required to pay out at least 90% of their annual taxable income to shareholders in the form of dividends.

Agree and Blackstone are very different companies though. For starters, Agree is an equity REIT that owns real estate directly while Blackstone is a mortgage REIT (mREIT) that owns loans. But the two share this: they both vastly outperformed the Dow Jones for years.

Turning the tables with total return

For the two tables below, I used the Dow Jones Compound Average total return index, which includes the 30 stocks of the Dow Jones Industrial Average, 15 of the Dow Jones Utility Averageand the 20 shares of Dow Jones Transportation Average. I chose total return as my barometer because the combination of dividend payout and stock price shows the true impact of owning a stock, an essential metric if you, like me, are interested in income. liabilities as an investment strategy.

Let’s first look at year-to-date total returns. While Blackstone’s mREIT is down around 6.3%, it’s not as much as the Dow Jones’ 15.7% drop. Agree’s performance is even more pleasing, with a full return to the green, a real rarity in these choppy times.

^DTWC data by YCharts.

The following chart shows the 10-year total returns, moving away from the current downturn, putting the most recent price declines into perspective, and highlighting the track record of outperformance for both REITs. This time frame is essential to keep in mind, especially if you are someone who favors stocks that you can comfortably buy and hold for the long term.

^ DTWC Chart

^DTWC data by YCharts.

Agree Realty continues to grow its payments and portfolio

Agree Realty is a Detroit-based, family-founded and -operated retail REIT that owns more than 1,500 shopping centers across the country and has generated an average compound annual return of approximately 12.5% ​​since its IPO in 1994. The company also started paying monthly instead of quarterly in January 2021 and has increased its dividend four times since then, giving it a current yield of around 4%, compared to around 1.9% for the Dow Jones.

Agree’s funds from core operations (FFO), a critical measure of how a REIT manages its cash, grew about 11% in 2021 and then 15.5% year over year. another in Q1 22. That, plus a portfolio that grew by 124 properties in the first three months of the year, indicates more revenue and more profits to share with investors in the months and years ahead.

Blackstone Mortgage Trust is well positioned to benefit from rate hikes

Most MREITs make their money by buying pools of mortgages, especially residential mortgages through government-sponsored agencies like Fannie Mae and Freddie Mac. Blackstone Mortgage Trust, on the other hand, is more of a direct lender, offering senior loans secured by commercial real estate on three continents. It is also part of black stone (NYSE: BX), sharing the resources of one of the world’s largest asset managers.

Blackstone’s mREIT has been a consistent performer. Although it hasn’t increased its dividend since 2015, the payout is still good, cashing in on a current yield of around 8.5% with a share price of around $29. That’s an inflation-beating return, and it’s not the only inflation-fighting attribute of this portfolio. While most other MREITs are dealing with the effects of rising interest rates on fixed rate mortgages, New York-based BXMT has a 99% floating rate portfolio, meaning it can follow the rising tide of interest rates.

CEO Katie Keenan noted this benefit in BXMT’s April quarterly report: “Looking forward, we believe our portfolio of low-leverage, floating-rate bridging loans is uniquely positioned for the future. current environment, with our earnings expected to benefit from the move in interest rates higher.”

Different Ways to Beat the Dow Jones While Paying Dividends to Shareholders

Granted Realty and Blackstone Mortgage Trust are very different organizationally and structurally, but both have outperformed major indices like the Dow Jones and have the portfolios and potential to continue to do the same in the future.

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Arbor Realty Trust closes a $1 https://atriunfar.net/arbor-realty-trust-closes-a-1/ Fri, 24 Jun 2022 23:20:21 +0000 https://atriunfar.net/arbor-realty-trust-closes-a-1/ UNIONDALE, NY, May 25, 2022 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (:ABR), today announced the closing of a $1.05 billion commercial real estate loan securitization (the “Securitization “). A total of approximately $873 million of investment grade notes have been issued (the “Notes”) and Arbor has retained subordinate interests in the issuance vehicle of […]]]>

UNIONDALE, NY, May 25, 2022 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (:ABR), today announced the closing of a $1.05 billion commercial real estate loan securitization (the “Securitization “). A total of approximately $873 million of investment grade notes have been issued (the “Notes”) and Arbor has retained subordinate interests in the issuance vehicle of approximately $177 million. The $1.05 billion guarantee includes approximately $73 million of capacity to acquire additional loans for a period of up to 180 days from the securitization closing date.

The Notes have an initial weighted average spread of 2.36% on forward SOFR, excluding fees and transaction costs. The facility has a replenishment period of approximately two years which allows the principal proceeds of repayments of portfolio assets to be reinvested in eligible replacement assets, subject to certain conditions.

The offering of investment grade notes was made pursuant to a private placement. The investment grade notes were issued pursuant to an indenture and initially secured by a portfolio of property-related assets and cash with a face value of $1.05 billion, such assets related to the real estate being mainly made up of first mortgage bridge loans.

Arbor intends to hold the portfolio of real estate-related assets through the vehicle until maturity and expects to account for the securitization on its balance sheet as financing. Arbor will use the proceeds from this securitization to repay borrowings under its current credit facilities, pay transaction costs and fund future loans and investments.

Certain of the Notes have been rated by Moody’s Investors Service, Inc. and all of the Notes have been rated by DBRS, Inc.

The Notes are not registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification under the securities laws of such state or jurisdiction.

About Arbor Realty Trust, Inc.

Arbor Realty Trust, Inc. (:ABR) is a nationwide real estate investment trust and direct lender, providing loans and services for multi-family and single-family rental (SFR) portfolios and other real estate assets various trades. Based in New York, Arbor manages a multibillion-dollar portfolio of services, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS®, Freddie Mac Optigo® Seller/Servicer, and FHA Multifamily Accelerated Processing (MAP) approved lender. Arbor’s product platform also includes bridge, CMBS, mezzanine and senior loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and personalized solutions with an unparalleled dedication to providing our clients with excellence throughout the life of a loan.

Safe Harbor Statement

Certain elements of this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends. and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor cannot guarantee that its expectations will be met. Factors that could cause actual results to differ materially from Arbor’s expectations include, but are not limited to, changes in economic conditions generally, and real estate markets specifically, in particular, due to the uncertainties created by the COVID-19 pandemic, the continued ability to source new investments, changes in interest rates and/or credit spreads and other risks detailed in Arbor’s Annual Report on Form 10-K for fiscal year ended December 31, 2021 and its other reports filed with the SEC. These forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or undertaking to issue updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s expectations with respect thereto or any change in events, conditions or circumstances about which a such statement is based.

Contact:
Arbor Realty Trust, Inc.
Paul Elenio, Chief Financial Officer
516-506-4422
[email protected]

Arbor-Realty-Trust.png

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4most Wins Government Funding to Develop Green Loan Proposal for SMEs https://atriunfar.net/4most-wins-government-funding-to-develop-green-loan-proposal-for-smes/ Wed, 22 Jun 2022 15:01:46 +0000 https://atriunfar.net/4most-wins-government-funding-to-develop-green-loan-proposal-for-smes/ UK’s largest credit risk firm partners with Meckon and Swishfund to provide cheaper finance to greener SMEs via an eco-friendly ‘Green Credit Score’ 20 June 2022, London – 4most, the UK’s largest independent credit risk and actuarial consultancy, has won a competitive government-funded SBRI award from Innovate UK, to develop a green lending proposal to […]]]>

4most Wins Government Funding to Develop Green Loan Proposal for SMEs 9 4most Wins Government Funding to Develop Green Loan Proposal for SMEs 10UK’s largest credit risk firm partners with Meckon and Swishfund to provide cheaper finance to greener SMEs via an eco-friendly ‘Green Credit Score’

20 June 2022, London – 4most, the UK’s largest independent credit risk and actuarial consultancy, has won a competitive government-funded SBRI award from Innovate UK, to develop a green lending proposal to UK-wide. The statistically developed “Green Credit Score” aims to drive climate action, while providing cheaper finance to greener SMEs by using environmental responsibility as a key indicator of creditworthiness.

The Green Credit Score is jointly developed by 4most, as well as cleantech consultancy Meckon and international fintech lender, Swishfund. As well as offering significant benefits to borrowers, the proposal will essentially put money back into the pockets of SMEs that take action to reduce their environmental impact. The project itself will provide a comprehensive set of data, credit risk analysis and scorecard, which 4most will make available to all UK credit institutions, including credit reference agencies and credit self-decision platforms.

Climate change is a big but hidden risk to many small businesses today, but these organizations are key to meeting the UK’s carbon targets. A recent survey by the British Business Bank found that 50% of UK corporate issuance comes from the SME sector. Despite this, only 3% of small businesses have measured their carbon footprint in the past five years*.

The Green Credit Score will inform SMEs of their current carbon impact, inform them of the main risks for their business in the transition to a low carbon economy and provide them with the tools to help mitigate these risks, while reducing direct emissions. and indirect carbon. .

Ivelina Nilsson, Client Partner and Head of Climate Change at 4most, said: “This project will create a virtuous cycle of measuring carbon footprints, providing risk-based finance and driving climate action. To develop the Green Credit Score, we plan to collect data from potential borrowers to estimate the different aspects of climate change risk to which they are exposed.

Sacha Meckler, Founding Director of Meckon, also commented on the importance of the project: “Great progress has been made in recent years in assessing the climate risks and impact exposures of large companies, and we look forward to working with 4most and Swishfund to bring these innovations to SMEs.

Andrew Jackson, Managing Director of Swishfund, added: “We believe companies that act sustainably are more likely to be financially responsible, but changing the corporate culture around greening is not just about providing information, it has to make business sense for business owners. This is why we seek a correlation between environmental responsibility and creditworthiness at all levels, so that each finance provider is encouraged to provide cheaper financing solutions to more responsible companies. Now it’s about gathering enough data to create a positive change in the way the risk industry currently thinks.

This is a sponsored feature

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‘We grew too fast’: Crypto faces accounts as market shakes https://atriunfar.net/we-grew-too-fast-crypto-faces-accounts-as-market-shakes/ Sun, 19 Jun 2022 10:13:23 +0000 https://atriunfar.net/we-grew-too-fast-crypto-faces-accounts-as-market-shakes/ That could be said for the entire digital asset market, which has seen more than two-thirds of its value evaporate since peaking at $3 trillion last fall. As the Federal Reserve steps up its campaign to contain inflation, investors are shedding risky assets in anticipation of rising interest rates. The startups that soared during the […]]]>

That could be said for the entire digital asset market, which has seen more than two-thirds of its value evaporate since peaking at $3 trillion last fall. As the Federal Reserve steps up its campaign to contain inflation, investors are shedding risky assets in anticipation of rising interest rates. The startups that soared during the stimulus-fueled two-year pandemic have begun to fall to earth.

The market drop is likely to temper expectations around a two-year lobbying campaign that has made digital assets one of Capitol Hill’s most visible industries. Crypto’s shrinking footprint could weaken a bid from major exchanges and developers to push for new, lightweight laws and regulations that they believe would allow blockchain-based businesses to thrive. And it could damage the trust the industry has built up in Washington — especially amid growing scandals at popular lending platforms where customer accounts have been frozen or wiped.

“When everything goes up, it hides a lot,” Caroline Pham, commodity futures trading commissioner, said in an interview. “From a regulator’s perspective, it really underscores that we just have to do something.”

Major stock exchanges and industry associations injected $9 million into Washington’s lobbying efforts in 2021, more than tripling their spending from the previous year, according to a report by watchdog group Public Citizen. This campaign accelerated through early 2022 and was amplified by tens of millions of campaign contributions from power brokers like FTX founder Sam Bankman-Fried.

But the battle to shape legislation and influence agency decisions aimed at tightening industry oversight is just beginning, and Caitlin Long, founder and CEO of a Wyoming-based crypto bank, said some companies of digital assets were themselves responsible for the rising heat of regulators. . The representations companies make to policymakers in Washington often amount to “regulatory theater,” she said.

“They know they exist in a regulatory gray area,” said Long, who is suing the Fed to open a master account that would put his bank under direct central bank oversight. For some crypto firms, “the strategy is to get as big as possible; become too large to be required to comply with regulations.

This strategy might be too big to work. Market regulators and law enforcement have already targeted areas such as insider trading, disclosure failures and investor protection issues. And regulators, including top brass at the Securities and Exchange Commission and the CFTC, have signaled that further investigations are likely.

“Hopefully we’ll use the turmoil of the past two weeks to see where we are from a regulatory standpoint,” said Robert Baldwin, former Treasury official and policy officer at the Association for Digital Asset Markets. . While the industry has built its credibility with policy makers, he said, recent events “are forcing people to step up and think about what’s going on. It also probably forces companies to be a bit more careful.

Meanwhile, with congressional attention divided by crises from Ukraine to inflation, the urgency to pass new crypto laws will likely fade as investors shun high-end digital assets. risk. Even with celebrities making headlines for crypto companies, a recent Fed survey found that only 12% of American adults had owned or used digital currencies in the past year.

The decline in digital asset markets, coinciding with losses in more traditional financial markets, is accelerating as hedge funds, crypto-based lending platforms and stablecoin issuers scramble for cash to to save their projects.

The latest explosion began last weekend after Celsius Network – a bank-like crypto lender that has promised annual returns of up to 18% on customer deposits – announced it was suspending withdrawals and services. crypto-for-crypto trading for approximately 2 million clients” due to extreme market conditions. The company, which did not respond to multiple requests for comment, is reportedly considering restructuring.

Celsius’ woes echoed those of TerraForm Labs – the startup behind an algorithmic stablecoin that collapsed last month – which had also attracted billions of dollars from retail traders and institutional investors in linking its token to a decentralized high-yield lending program.

The market downturn is also starting to bring down big crypto investment firms. Three Arrows Capital, a Dubai-based hedge fund, is reeling after scoring hundreds of millions in losses on its investments in TerraForm tokens and other declining digital assets.

Both companies have had run-ins with securities regulators. Celsius has been ordered by four state agencies to stop offering unregistered securities in the form of interest-bearing accounts, fearing the company may not be able to meet its obligations to depositors.

“Policymakers care less about ordinary shareholders and preferred shareholders; they care about those depositors first and foremost,” said Mike Boroughs, co-founder and head of portfolio management at blockchain investment firm Fortis Digital.

While some decentralized finance (DeFi) lenders — or more centralized firms offering access to DeFi-like returns — might offer cheaper alternatives to tightly regulated banks, the lack of institutional underwriting standards injects even more risk into crypto markets.

“If you’re offering a higher return by accepting worse loans, that’s just creating a 2008 subprime mortgage crisis in a different industry,” Boroughs said.

Crypto advocates have resisted these kinds of comparisons, arguing that standalone or community-governed systems that mimic the functions of traditional lenders and exchanges could become safer and cheaper alternatives. And, as of yet, no existing platform has been developed to the point where it could pose systemic risk to the economy.

Lawmakers and crypto proponents say market volatility could present an opportunity for some companies to shine a light on their practices as a potential model for future legislation or regulation. Meaning. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (DN.Y.) say their recent crypto bill — celebrated by the industry as a milestone — was shaped by some of the issues that arose in the wake of TerraUSD’s collapse.

“We’re kind of in this ugly duckling phase,” said Linda Jeng, a former Fed official who leads regulatory and policy efforts at the Center of the crypto industry-backed standards organization. Jeng said she looked forward to working with regulators to “develop appropriate proportionate rational rules and regulations.”

Still, the onset of more scandals could create hurdles for the industry as it tries to make that point around Washington — especially with new venture-backed platforms offering similar services coming out. of the treadmill.

“If you want to start a successful platform in this space, the current framework is just hugely ambiguous as to how you would go about it,” said Tomicah Tillemann, global policy director at Haun Ventures, a venture capital firm. which recently provided seed funding to a new DeFi lending platform. “We and others have been asking the SEC for clarification for a very long time, and they have absolutely failed to do so.”

SEC Chairman Gary Gensler says the rules for crypto lending are clear.

BlockFi, another platform that recently resisted layoffs, paid $100 million to settle claims that its yield-generating accounts were unregistered securities. Coinbase scrapped plans for a product that would have allowed customers to earn interest on their digital assets after a very public spat with the regulator last year. The agency reportedly investigated Celsius — along with several other crypto lending platforms — in the months before its clients’ assets were frozen.

An SEC spokesperson declined to say whether there were any ongoing investigations.

“Lending platforms operate much like banks,” Gensler said at an event on Tuesday, adding that trading platforms and exchanges offering exorbitant returns have largely failed to disclose enough information about their businesses. products to investors.

“If it sounds too good to be true, it might just be too good to be true,” he said.

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NAMMBA Announces Partnership with Newfi Lending https://atriunfar.net/nammba-announces-partnership-with-newfi-lending/ Fri, 17 Jun 2022 13:00:00 +0000 https://atriunfar.net/nammba-announces-partnership-with-newfi-lending/ Newfi Loan Partnership Newfi Lending reinforces its commitment to diversity and inclusion through the ASIL program Newfi is honored to take this step forward with NAMMBA to better serve our borrowers and impact our industry,” — Steve Abreu, CEO and Founder of Newfi Lending ORLANDO, FL, UNITED STATES, June 17, 2022 /EINPresswire.com/ — The National […]]]>

Newfi Loan Partnership

Newfi Lending reinforces its commitment to diversity and inclusion through the ASIL program

Newfi is honored to take this step forward with NAMMBA to better serve our borrowers and impact our industry,”

— Steve Abreu, CEO and Founder of Newfi Lending

ORLANDO, FL, UNITED STATES, June 17, 2022 /EINPresswire.com/ — The National Association of Minority Mortgage Bankers of America (NAMMBA) today announced a partnership with Newfi Lending as a bronze sponsor as part of efforts of NAMMBA to bring about positive change with the housing needs of underserved communities and with the development of a more diverse mortgage workforce.

“We are extremely excited to partner with the Newfi Lending team,” said NAMMBA Founder/CEO Tony Thompson, CMB. “Like us, it has a strong commitment to diversity and inclusion, and a leadership team that is committed to representing all of the communities in which it operates.”

Through this partnership with Newfi Lending, we will pursue an ASIL (Accredited Social Impact Lender) certification. This will engage Newfi employees through access to targeted training, new hire programs and leadership development. It will also position the mortgage lender to support the communities in which it currently operates; create economic opportunities focused on business development for minority brokers and meet the housing needs of underserved areas.

According to NAMMBA, over the next five years, 75% of all first-time home buyers will be women, millennials, or people of color. Although the industry worries about the housing market stagnating or contracting, the opportunities to buy mortgages aren’t just growing, they’re changing. According to the latest NAMMBA Mortgage Market Forecast, the three largest diverse borrower groups (Asians, African Americans and Hispanics) generated more than $292 billion in buying opportunities in 2020, representing 24 .2% of all dollar buy opportunities.

“Newfi is honored to take this step forward with NAMMBA to better serve our borrowers and impact our industry,” said Steve Abreu, CEO and Founder of Newfi Lending. “This partnership will allow our organization to expand our diversity, equity and inclusion initiatives internally and through our wholesale and direct sales channels.”

About Newfi Loans

Founded in Emeryville, CA in 2014, Nexera Holding LLC, dba Newfi Lending is a growing wholesale and direct mortgage lender focused on non-QM originations. Their mission is to revolutionize the way people fund their future by delivering innovative solutions, cultivating a people-centric mindset, and being transparent every step of the way.
For more information visit: http://www.newfi.com

About NAMMBA

The National Association of Minority Mortgage Bankers of America is a purpose-driven organization dedicated to the inclusion of minorities and women in the mortgage industry who champion sustainable homeownership in local communities. To fulfill its mission, NAMMBA offers programs and initiatives aimed at bringing minorities and women into the mortgage industry, including recruiting, consulting, networking and training for companies and individual professionals.
For more information visit: http://www.nammba.org

Jade Winfrey
NAMBBA
8773630340 ext.
write to us here

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DARIOHEALTH CORP. : Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Other Events, Financial Statements and Exhibits (Form 8-K ) https://atriunfar.net/dariohealth-corp-entering-into-a-material-definitive-agreement-creating-a-direct-financial-obligation-or-obligation-under-an-off-balance-sheet-arrangement-of-a-registrant-other-events-financial/ Mon, 13 Jun 2022 20:33:09 +0000 https://atriunfar.net/dariohealth-corp-entering-into-a-material-definitive-agreement-creating-a-direct-financial-obligation-or-obligation-under-an-off-balance-sheet-arrangement-of-a-registrant-other-events-financial/ Section 1.01 Entering into a Material Definitive Agreement. On June 9, 2022 (the “Closing Date”), DarioHealth Corp. (the “Company”) has entered into a credit agreement (the “Credit Agreement”), by and between the Company, as borrower, and OrbiMed III, LP Royalty and Credit Opportunitiesas a lender (the “Lender”). The Credit Agreement provides for a five-year senior […]]]>

Section 1.01 Entering into a Material Definitive Agreement.

On June 9, 2022 (the “Closing Date”), DarioHealth Corp. (the “Company”) has entered into a credit agreement (the “Credit Agreement”), by and between the Company, as borrower, and OrbiMed III, LP Royalty and Credit Opportunitiesas a lender (the “Lender”). The Credit Agreement provides for a five-year senior secured credit facility in the aggregate principal amount of up to $50 million (the “Loan Facility”), of which $25 million was made available on the Closing Date (the “Initial Commitment Amount”) and until $25 million will be available on or before June 30, 2023, subject to certain revenue requirements (the “Deferred Drawdown Commitment Amount”). On June 9, 2022the Company closed on the original amount of the commitment, less certain fees and expenses payable to the lender or on behalf of the lender.

All obligations under the Credit Agreement are guaranteed by all wholly owned subsidiaries of the Company other than Dario Health Services Private Limited. All obligations under the Credit Agreement and the guarantees for such obligations are secured by substantially all of the assets of the Company and each guarantor. If, up to the maturity date of the Loan Facility, the Company’s net earnings do not equal or exceed the applicable amount for the period specified in the Credit Agreement, the Company will then repay in equal monthly installments the Facility loan principal amount outstanding, together with a redemption premium and other charges. The Company will repay amounts outstanding under the Loan Facility in full immediately upon acceleration following an Event of Default, as set forth in the Credit Agreement, together with a repayment premium and other charges. .

During the term of the Loan Facility, interest payable in cash by the Company will accrue on any outstanding balance owing under the Loan Facility at an annual rate equal to the greater of (x) the adjusted SOFR rate (which is the forward-looking one-month term rate based on the guaranteed overnight rate administered by the CME Group Benchmark Administration Limited) and (y) 0.50% plus, in both cases, 9.50%. In the event of default, any amount unpaid under the Loan Facility will bear interest at a rate of 5.00% above the interest rate otherwise applicable. The Company will pay certain fees in connection with the loan facility, including initial fees, unused fees on the unused portion of the loan facility, administration fees, redemption premium and exit fees, as well as certain other fees and expenses of the Lender.

The Credit Agreement contains customary events of default, including with respect to non-payment of principal, interest, fees or other amounts; the material inaccuracy of any representation or warranty; non-compliance or breach of covenants; bankruptcy and insolvency events; material monetary misjudgments; impairment of any material definitive loan documentation; other significant adverse effects; key person events and change of control.

Each of the credit agreements and a pledge and guarantee agreement entered into by the company, the guarantors and the lender on June 9, 2022 (the “Pledge and Security Agreement”) also contains a number of customary representations, warranties and covenants which, among other things, will limit or restrict the ability of the Company and its subsidiaries to (subject to certain conditions and exceptions): create liens and encumbrances; incur additional debt; merge, dissolve, liquidate or consolidate; make acquisitions, investments, advances or loans; assign or transfer assets; pay dividends or make other payments in respect of their share capital; modify certain material documents; redeem or redeem certain debts; engage in certain transactions with affiliates; and enter into certain restrictive agreements. In addition, the Company will be required to maintain at least $10 million unrestricted cash and cash equivalents at any time.

On the Closing Date, and in respect of the Initial Commitment Amount only, the Company agreed to issue to the Lender a warrant (the “Warrant”) to purchase up to 226,586 common shares of the Company, at an exercise price of $6.62 per share, which will have a duration of 7 years from the date of issue. The warrant contains customary stock adjustment provisions, as well as weighted average price protection in certain circumstances, but in no event will the exercise price of the warrant be adjusted to a price less than $4.00 per share. In the event that the Company is eligible to draw the amount of the Deferred Drawdown Commitment, the Company has agreed to issue to the lender an additional warrant (the “Additional Warrant”), with a term of 7 years from the date of issue, to purchase up to 6% of the Deferred Drawdown Commitment Amount based on a 10-day volume-weighted average price of the Company’s common stock (the “volume weighted average price”) with an exercise price equal to the volume weighted average price.

On the Closing Date, the Company and the Lender executed a registration rights agreement (the “Registration Rights Agreement”) pursuant to which the Company agreed to file a registration statement with the US Securities and Exchange Commission to register the common shares underlying the Warrant and the Additional Warrant.

The foregoing description of the terms of the Credit Agreement, the Pledge and Security Agreement, the Registration Rights Agreement and the Warrant is not intended to be exhaustive and is qualified in its entirety by reference to Credit Agreement, the Pledge and Security Agreement, the Registration Rights Agreement and the Power of Attorney, copies of which are attached hereto as Schedules 10.1, 10.2, 10.3 and 4.1, respectively, and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The information set out in Section 1.01 is incorporated by reference into this Section 2.03.



Item 8.01 Other Events.



On June 9, 2022, the Company issued a press release announcing the borrowing under the credit agreement. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial statements and supporting documents.




(d) Exhibits



  4.1       Form of Warrant.

  10.1^     Credit Agreement, dated June 9, 2022, by and among the Company, as
          borrower, and OrbiMed Royalty and Credit Opportunities III, LP, as
          lender.

  10.2      Pledge and Security Agreement, dated June 9, 2022, by and among the
          Company, Labstyle Innovation Ltd, Upright Technologies, Inc.,
          Psyinnovations, Inc., and OrbiMed Royalty and Credit Opportunities III,
          LP.

  10.3      Registration Rights Agreement, dated June 9, 2022, by and between the
          Company and OrbiMed Royalty and Credit Opportunities III, LP.

  99.1      Press release of DarioHealth Corp. dated June 9, 2022.

104       Cover Page Interactive Data File (embedded within the Inline XBRL
          document).




^    Certain identified information in the exhibit has been excluded from the
     exhibit because it is both (i) not material and (ii) is the type that

DarioHealth Corp. treat as private or confidential.

© Edgar Online, source Previews

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Six easy ways to reduce your debt, from cut loans to flash credit cards https://atriunfar.net/six-easy-ways-to-reduce-your-debt-from-cut-loans-to-flash-credit-cards/ Sat, 11 Jun 2022 20:27:00 +0000 https://atriunfar.net/six-easy-ways-to-reduce-your-debt-from-cut-loans-to-flash-credit-cards/ PRICES are skyrocketing from gas pumps to supermarket checkouts, but the pressure on the cost of living is even worse if you are already in debt. High interest rates mean you risk spending huge sums on repayments without reducing the amount you owe. 2 Six Ways to Reduce Your Debt Quickly and Easily Rosie Murray-West […]]]>

PRICES are skyrocketing from gas pumps to supermarket checkouts, but the pressure on the cost of living is even worse if you are already in debt.

High interest rates mean you risk spending huge sums on repayments without reducing the amount you owe.

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Six Ways to Reduce Your Debt Quickly and Easily

Rosie Murray-West reveals smart switches to clear debt faster and potentially save thousands of dollars. . .

LIGHTEN YOUR LOANS

IF you took out a loan a few years ago, you may be paying more than expected.

Using a new loan at a lower rate to pay off an old one can sometimes make sense.

M&S Bank offers loans with APRs below 4%, compared to an average of 7.4% in June 2020.

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That would mean saving over £340 a year on a £10,000 loan.

But you’ll need to consider the settlement fees that most lenders charge if you cancel your loan early.

This can add up to two months interest, or £122 in the example above.

Not everyone gets the rates advertised by lenders, as these are reserved for those with good credit.

Check which loans you are most likely to get without hurting your score by using an eligibility tool such as the one on moneysavingexpert.com.

RELEASE OF EXERCISE EQUITY

OLDER homeowners who have borrowed against the value of their home with a capital release plan can sometimes see massive savings by switching if they entered into their contract more than three years ago.

Interest rates on equity release plans have dropped dramatically in recent years.

The average switcher saved around £52,000 last year, according to capitalization adviser Age Partnership.

Plans often come with steep prepayment charges, but the switch may be worth it if the savings are greater.

Always consult an independent stock release adviser registered with the Financial Conduct Authority.

REDUCE YOUR MORTGAGE RATE

ALLOWING your mortgage to switch to your lender’s standard variable rate (SVR) at the end of a fixed or trailing agreement could cost you thousands of dollars every year.

The average SVR, according to Moneyfacts, is now 4.91%, while the average two-year fixed rate is 3.25% and five-year 3.37%.

For a £250,000 mortgage, you could save £2,760 a year by switching from a typical SVR to an average two-year solution – and some available deals could save you even more.

Your current lender will also offer you new rates when your agreement expires, so check them out.

If in doubt, take advice from an independent broker.

BLITZ CREDIT CARD BALANCE

Don’t let credit card debt linger. If you only pay the minimum each month, it could take decades to clear.

Making just the average minimum monthly payment of 2.5% on a £5,000 balance means it would take you almost 38 years to pay off and cost almost £15,000 in total, with a typical interest rate of 22 %.

Upgrade to a balance transfer credit card for an interest-free window of up to 34 months.

Divide the total debt into monthly payments and set up direct debit to ensure you clear the balance during this time. If that’s not possible, try again to switch to a new card.

But not everyone can get the best balance transfer deals because they require a great credit rating.

Rachel Springall, from comparison website moneyfacts.co.uk, said that even if you can’t get a 0% deal, you can still save thousands of dollars by switching debt to a low-rate card. interest.

Find out which cards you’re most likely to get with the eligibility check at moneysavingexpert.com.

When you transfer your debt to one of these cards, you normally pay a one-time charge of two to three per cent of the balance, or £100 to £150 if you transfer £5,000.

ELIMINATE OVERDISCOVERY FEES

Dipping into your overdraft can be one of the most expensive ways to borrow, with some banks charging 40% interest, almost double the average credit card rate.

Move to a bank with free overdraft. Nationwide’s FlexDirect pays you up to £125 to change and has an interest-free overdraft for the first year. The amount you can borrow depends on your situation.

First Direct’s first account pays Switches £125 and offers £250 free overdraft. Both providers have online eligibility checkers so you can see if you’re likely to qualify – important if you’re already overdrawn.

To pay off larger overdrafts, a money transfer credit card might give you interest-free respite, but beware of fees.

“INTEREST-FREE CREDIT CARDS LET ME BORROW TO GROW MY BUSINESS”

HYPNOTHERAPIST Emma Gosling borrowed £5,000 on a credit card in 2019 to pay a mentor to help her grow her business.

But with an interest rate of 19%, the costs could have skyrocketed.

The 47-year-old from St Albans, Herts transferred that debt to two new credit cards, a move that gave her 27 months interest-free.

She has now cleared the debt without paying a cent in interest.

“I’m glad I used the cards,” Emma said.

“I couldn’t afford to pay for the mentorship up front, so it was a good fit.”

ENERGY AID RISK FROM TENANTS

MORE than half a million tenants may not qualify for government help with their energy bills, warns Citizens Advice.

The charity estimates that one in eight tenants of private landlords, or around 585,000 people, could be affected.

More than half a million tenants may miss out on government help with energy bills, warns Citizens Advice

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More than half a million tenants may miss out on government help with energy bills, warns Citizens AdviceCredit: Getty – Contributor

Tenants cannot claim the £150 warm house rebate if their landlord is managing their bills, and they could also be denied the government’s £400 energy grant in October.

You can only receive cash assistance if you pay your energy supplier directly.

You can try talking to your landlord or managing agent of the shed to see if they’re willing to pass on some or all of it, but there’s no legal obligation to do so.

The charity has seen cases where vulnerable tenants have been denied the long-standing Warm Home discount.

A man with mental health issues who had less than £10 on his prepayment meter could not claim payment as he was not the named bill payer.

Dame Clare Moriarty, chief executive of Citizens Advice, said: “We are concerned that many tenants will fall through the cracks, putting them at risk of running out of money to help meet bills that soar.”

Tenants who pay their energy bills directly have the right to choose their supplier and have a smart meter installed, but must notify their landlord or rental agent.

If your energy bills are included in your rent, this should be stated in your tenancy agreement, but there may be a “fair use” clause limiting how much you can use.

If your landlord pays for your energy and then resells it to you, he can only charge you for the units of energy you have used and your share of the permanent charge, plus VAT.


THOUSANDS of women could lose huge sums as a result of new state pension mistakes, a former minister has warned.

Sun Money has already called on the government to speed up efforts to reimburse around 134,000 pensioners, mostly women, who missed around £1billion due to earlier mistakes.

The Department for Work and Pensions is trying to identify those who were underpaid and fill the gaps, but 40,000 pensioners are thought to have died without getting their due.

The latest mistakes uncovered by former pensions minister Sir Steve Webb, now a partner at consultancy LCP, affect women on the new state pension who previously paid a reduced National Insurance rate known as ” married woman stamp”.

They have the right to claim part of their state pension on the basis of their husband’s contributions.

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But some have been wrongly told they have no rights when in fact they owe more than £4,000 a year.

If you have paid the married woman’s stamp, you can check your rights by calling The Pension Service on 0800 731 0469.


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Looking for high-yielding, dividend-paying stocks? JMP suggests 2 stocks to buy https://atriunfar.net/looking-for-high-yielding-dividend-paying-stocks-jmp-suggests-2-stocks-to-buy/ Thu, 09 Jun 2022 23:16:30 +0000 https://atriunfar.net/looking-for-high-yielding-dividend-paying-stocks-jmp-suggests-2-stocks-to-buy/ The average retail investor, looking for profits in today’s confusing market environment, can usually choose one of two basic strategies. The former is the stock market’s traditional route, that of stock appreciation, while the latter is the safer, more defensive route, via dividend payers. But what if an investor doesn’t need to choose between these […]]]>

The average retail investor, looking for profits in today’s confusing market environment, can usually choose one of two basic strategies. The former is the stock market’s traditional route, that of stock appreciation, while the latter is the safer, more defensive route, via dividend payers. But what if an investor doesn’t need to choose between these paths?

According to JMP Securities, such a dual strategy may be available to investors at this time in the form of alternative asset management companies. These are typically small to mid-cap companies, providing financing and access to capital services to small and medium-sized enterprises, a sector that has historically driven innovation and job creation. in the American economy. As JMP’s Brain McKenna writes in a recent industry note, “The alternative asset management industry has been (if not) one of the fastest growing segments within financial services, driven by a confluence of powerful age-old tailwinds…”

McKenna also dives into the inner workings of several alternative asset managers. We used the TipRanks platform to get the details of two of its picks. From JMP’s perspective, these two stocks could generate a combination of sizable capital gains and dividend income, making them a potential double-fist payday for investors. Let’s take a closer look.

Blue Owl Capital (OWL)

We’ll start with Blue Owl Capital, a leading provider of private market capital solutions. The company offers its services through three direct lender subsidiaries, Owl Rock, Oak Tree and Dyal Capital. Working through these lenders, Blue Owl has over $102 billion in assets under management and oversees its operations through 9 offices in North America, Europe and Asia.

Blue Owl formed last year, through a SPAC deal completed in May. The agreement, which had been approved by the companies involved in March, provided for the combination of Owl Rock and Dyal Capital with Altimar Acquisition Corporation. Blue Owl’s ticker began public trading on May 20, 2021, and the company had $52.5 million in assets under management as of that date.

In the first quarter of this year, Blue Owl saw strong increases in business. The company’s total assets under management, referenced above at $102 billion, represent a 76% year-over-year gain, while its retail fundraising is up 172% year-over-year. year-over-year to $2.2 billion. These strong aggregate capital gains underpin Blue Owl’s strengths.

Additionally, having a lot of capital allows Blue Owl to easily pay its dividend. The company reported a common stock payout of 10 cents for 1Q22, a payout that cancels out at 40 cents and yields a 3.2% return. Blue Owl has only been paying its dividend for four quarters – but it has increased the payment twice in that time.

Initiating OWL coverage for JMP, analyst Brian McKenna likes what he sees in the company’s continued growth prospects. He writes, “In the industry today, there aren’t many companies that tick all of these boxes: a) high-growth, ERF-centric model; b) the vast majority of AUM is perpetual (permanent); and c) a capital-light model that returns a large portion of profits to shareholders in the form of dividends. That said, Blue Owl is an alternative manager that ticks all of these boxes, and we believe its business (and stock) is positioned to outperform over the longer term given this momentum.

A company with such a bullish outlook on returns should get a solid benchmark, and McKenna gives the stock an outperform (i.e., buy) rating. Its price target of $18 implies a one-year upside potential of around 45%.

JMP isn’t the only investment firm to give OWL stocks a good rating. The stock enjoys unanimous consensus on Strong Buy, based on 5 recent positive analyst reviews. The shares are priced at $12.37 and their average price target of $16.75 indicates upside potential of 35% over the coming year. (See OWL stock forecast on TipRanks)

Carlyle Group (CG)

The next is Carlyle Group, a financial services company active in the multinational private equity and asset management sectors. Carlyle has 26 offices around the world, through which it manages some $325 billion in total assets. The Company’s segments include Global Private Equity, Global Credit and Global Investment Solutions.

Global Investment Solutions is the smallest of the segments, accounting for $65 billion of total assets under management. Global credit, with $91 billion, is next, and the global private equity segment, which manages some $169 billion in assets, accounts for the largest share of the company’s business.

Carlyle shares are down 30% this year, making its losses much larger than the broader markets. These losses came even as the company’s earnings remain strong. At $1.58 billion, Carlyle’s 1Q22 revenue generated more than a company-record $183 million in fee-related revenue – FRE, a key industry metric. The company’s FRE increased by 42% year over year. On a negative note, the first quarter revenue line was down 34% from the prior year quarter.

Even though revenues were down, the company still has a growing FRE and a balance sheet of $22 billion in total assets. This gave management confidence to increase the dividend by 25 cents to 32.5 cents per common share. With an annualized rate of $1.30, this dividend yields 3.4%.

Among the bulls is JMP’s McKenna who views the risk/reward ratio here as compelling with substantial upside potential.

“Covering the space for almost a decade, we have observed that when the market places very little or no value on performance-related earnings, it is usually an attractive risk/reward opportunity, and we believe that is the case for Carlyle today….We understand that it is always difficult to accurately predict when achievements will return…we are confident that performance related benefits will come back into vogue over time at as markets/volatility stabilize, and we believe Carlyle will stand out on that front with $4B+ in net accrued interest,” McKenna said.

All of this prompted McKenna to initiate a hedge on CG with an outperform (i.e. buy rating) and $12 price target. This target reflects his confidence in CG’s ability to grow by around 60% over the next year.

Overall, CG is getting a Moderate Buy from Wall Street analyst consensus. This is based on 11 ratings, including 8 buys and 3 takes. The shares are trading at $37.77 and the mid-price target of $62.09 suggests the stock is up around 64% from current levels. (See CG stock forecast on TipRanks)

To find great stock trading ideas at attractive valuations, visit TipRanks’ Best Stocks to Buy, a recently launched tool that brings together all of TipRanks’ stock information.

Disclaimer: The views expressed in this article are solely those of the analysts featured. The Content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Comvest Credit Partners leads the refinancing of SMART https://atriunfar.net/comvest-credit-partners-leads-the-refinancing-of-smart/ Wed, 08 Jun 2022 13:00:18 +0000 https://atriunfar.net/comvest-credit-partners-leads-the-refinancing-of-smart/ WEST PALM BEACH, Fla., June 08, 2022 (GLOBE NEWSWIRE) — Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions for middle market businesses, is pleased to announce that it led the refinancing of SMART Financial (“SMART” or the “Company”), an Orlando, Florida-based pawnbroker. Comvest acted as administrative agent and sole lender in providing […]]]>

WEST PALM BEACH, Fla., June 08, 2022 (GLOBE NEWSWIRE) — Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions for middle market businesses, is pleased to announce that it led the refinancing of SMART Financial (“SMART” or the “Company”), an Orlando, Florida-based pawnbroker. Comvest acted as administrative agent and sole lender in providing SMART with a $68 million senior secured credit facility, which the company will use to refinance existing debt and fund future business growth. SMART has been part of Comvest’s direct lending portfolio since 2016.

SMART operates a network of independent pawnbrokers in the United States and Canada. With nearly 90 locations and six unique brands, SMART is the third largest pawnshop chain in North America.

“This transaction reflects Comvest’s ability to provide substantial and ongoing debt financing support to our portfolio companies,” said Jason Gelberd, Partner, Co-Head of Direct Lending at Comvest. “SMART’s management team has built a strong platform with a proven performance record. Comvest is pleased to have successfully supported SMART’s various growth phases over the past five years and now provide a credit solution tailored to management’s expansion goals. We look forward to continuing to strengthen our long-term relationship with the company.”

About SMART Financial
SMART Financial offers non-recourse, fully-secured pawnbrokers and a wide variety of retail merchandise in stores across North America. For more information, visit www.smartfinancialent.com

About Comvest Credit Partners
Comvest Credit Partners is focused on providing flexible financing solutions to middle market businesses. Comvest provides senior secured, unitranche, junior and mezzanine capital to sponsored and non-sponsored companies to support growth, acquisitions, buyouts, refinancings and recapitalizations. Credit facilities typically range from $25 million to $250 million and more for companies with revenues over $20 million. Comvest has offices located in West Palm Beach, Chicago and New York. For more information, please visit https://www.comvest.com/direct-lending

About Comvest Partners
Comvest Partners is a private investment firm providing equity and debt capital to middle market companies across the United States. Since its inception in 2000, Comvest has invested over $8 billion. Today, Comvest has over $7.6 billion in assets under management. With significant capital resources and an extensive network of industry relationships, Comvest Partners provides companies with financial sponsorship, critical strategic and operational support, and business development assistance. For more information, visit www.comvest.com

For more information please contact:
Jason Gelberd, Partner, Co-Head of Direct Lending, Comvest Credit Partners – j.gelberd@comvest.com

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