Equus Resources Inc., Atlanta, has announced the formation of a commercial lending division that will offer asset-based financing for the acquisition and development of commercial real estate projects.The financing will be targeted at projects with lending requirements ranging from $500,000 to $5 million. Acceptable properties will include apartments and other multifamily housing projects, shopping centers, office buildings, warehouse and light industrial projects, resort/vacation properties, restaurants, and hotels and other hospitality properties, Equus said. Lee Pagnotta has been named to head the new division. Equus can be found on the Web at http://www.equusresources.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25