Finance, Credit and Loan Information


Merlon Intelligence raises $7.65 million in seed financing to combat money laundering

Flightcaster, Prismatic and nowMerlon Intelligence. Bradford Cross, partnerat the venture capital firm Data Collective is a known figure intheranks of VCs who have caught the entrepreneurship bug, abandoning what could have been a cushy lifestyle for one with considerably more volatility. His thirdstartup, Merlon Intelligence, services banks, helping them cut down on risk and put […]

Developer Secures Key Financing for Long-Stalled American Dream Mall

FY18 budget request cuts $1B from State’s Foreign Military Financing

Correction: Funding reported for the Special Defense Acquisition Fund has been corrected to show it remains steady at $900 million. WASHINGTON–The White House fiscal 2018 budget request cuts more than $1 billion from theUS State DepartmentsForeign Military Financing program, with the majority of countries fighting over a pot of about $200 million in funding. The […]

Abu Dhabi closes $872 mln solar plant financing

ABU DHABI May 24 Abu Dhabis government-owned power utility has closed a 3.2 billion dirham ($872 million) financing package for a solar power plant, which will be the worlds largest, the utilitys top official said on Wednesday. Abu Dhabi Water amp; Electricity Authority (ADWEA) raised $650 million in debt with the remaining $222 million raised […]

Home improvement financing firm Renovate America cuts 108 jobs

Biobased start-up tries new financing route

Blue Marble Biomaterials aims to raise money via a stock offering to small investors. Based in Missoula, Mont., Blue Marble uses biorefining to convert food waste into chemicals. Last year it launched a dithiazine bacon flavor from raw materials such as coffee grounds, tomato pomace, and grape pomace. It also formed a collaboration with Welch’s […]

Bitcoin Does Not Facilitate Terrorist Financing, Report Says

Government officials have always been keen on linking bitcoin to money laundering and terrorist financing. Even though none of those claims have ever been proven or verified, very few people seemed to make a fuss about it. A new UK report into this matter goes to show there is no reason to think bitcoin is […]

Lightstone Closes $305 Million Financing for 130 William, a New 800-foot Luxury Condominium in New York City

NEW YORK, March 13, 2017 /PRNewswire/ –National real estate investor/developer Lightstone today announced the closing of financing for 130 William, a new luxury development planned for Manhattans Financial District. The $305 million loan is financed by Mack Real Estate Credit Strategies, LP In the heart of the historic Financial District, 130 William will stretch 800 […]

Low-income housing financing takes hit from Trump’s tax-cut promise

The timing wasn’t the greatest as neighborhood planners prepared to close on the financing for a $10 million renovation of the 88-unit Oak Terrace Apartments in Chinatown. It was December, and Donald Trump was fresh off his presidential win after a campaign that included pledges to cut the corporate tax rate. The promise of tax […]

Bibby Financial Services Provides Nearly $3 Million in ABL Financing to Georgia Based Building Products Firm

ATLANTA–(BUSINESS WIRE)– Bibby Financial Services (BFS) announced today it is providing nearly $3 million in financing to a Georgia-based distributor of insulation, garage doors and exterior gutters for residential and commercial buildings. The asset-based funding will be used to refinance existing lines of credit and provide needed working capital to support the company’s strategic growth […]

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