Mezz Cap, Short Hills, N.J., a commercial real estate finance company, has received a $25 million infusion of capital from investors led by Conning Capital Partners, Hartford, Conn.Other investors providing the new capital include Hamilton Investment Partners, SS&C Technologies, Richard C. Trepp, and an affiliate of Loeb Partners Corp., according to Conning Capital. Mezz Cap provides mezzanine financing to its strategic lending partners, which allows the lenders to provide borrowers with additional leverage. In connection with this funding, Steven F. Piaker, a Conning Capital partner, and Richard C. Trepp have joined the Mezz Cap board of directors, Conning Capital said. "We believe Mezz Cap is the most innovative and well-positioned U.S.-based specialty finance company today," Mr. Piaker said.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









