Louisiana governor injects $30M into speedy bridge loan program

"Gov. Kathleen Babineaux Blanco and the Louisiana Economic Development, the Louisiana Public Facilities Authority and the Louisiana Bankers Association today launched the Louisiana Expanded Bridge Loan Program to provide quick capital for small businesses on the brink post-Katrina."

Click Here To Read More!

Gensym Announces Bridge Loan Financing

Gensym announced that they will be receiving a $1 million dollar bridge loan to cover the present lack of capital. The loan is the first step to improving the overall financial conditions of the software company.

Click Here To Read More!

Secure64 Closes $2.7 Million Bridge Loan from Accredited Private Investors

"ENGLEWOOD, Colo. -- Secure64, a software development company focused on security and performance of network communications, today announced it has successfully closed a $2.7 million bridge loan from accredited private investors. Proceeds will be used to help fund customer beta test activities, an upcoming product launch, and other sales and marketing efforts."

Click Here To Read More!

Urban village grows in L.A. neighborhood

Great article about how a hard money loan from a private vender can help!

If at first you don’t succeed, get creative! Thomas Safran & Associates had to reconfigure their financing plans when the original credits fell through. They used a mixture of financing, including a $550,000 bridge loan, to keep their plans for Skyline Village moving forward.

Click Here To Read More!

Crossing The Bridge Loan To Help Yourself

"A short term bridge loan may be just what the doctor ordered if you are having trouble making ends meet. A short term bridge loan helps you to "bridge the gap" between your expenses and income. A bridge loan is not a long term solution, but it is an excellent short term solution to your money problems. If for some reason your income has been eclipsed by your expenses, you may need to borrow money to pay for those additional expenses until you get paid again."

Click Here To Read More!

Freeport Center Becomes a Reality

FREEPORT - A place with gathering space for everyone from tots to teens to senior citizens. A location where community members in need can get groceries from a food pantry and clothes from a thrift shop. And don't forget a coffee bar with wireless access for laptop computers.

Click Here To Read More!

Kennedy Funding loan helps keep resort dream alive

They had purchased the 62.3-acre Mountain Creek RV Resort in Blairsville, Union County, Georgia, and they were building it out, with the intent of turning it into a first-class attraction. It would be one of the few such resorts in the state, and the only one in the county.

Click Here To Read More!

TALKING MONEY: Lending companies discuss current trends and predictions for financing in the Northeast.

Northeast Real Estate Business recently spoke with leading lenders across the Northeast to get their take on current market conditions, as well as their predictions for lending in 2005. The consensus is that the New York City market is performing the best overall. While multifamily and retail properties are performing exceptionally well, the suburban office market is lagging. Many lenders are also reporting that their lending volume is up significantly this year over last year, and most predict that the overall lending environment will continue to be very competitive.

Click Here To Read More!

Ambitious Harlem housing plan complete

"Proud first-time homeowners, community leaders, local residents and a partnership of lenders, developers and public officials celebrated the completion of 49 elegantly designed condominiums on W. 117th Street in Harlem recently--the last phase of an ambitious plan to renovate a block of vacant buildings into affordable homes."

Click Here To Read More!

Feldman Mall Properties Closes Joint Venture with Heitman at Colonie Center in Albany, New York

NEW YORK, Oct. 4 /PRNewswire-FirstCall/ -- Feldman Mall Properties,
Inc. (NYSE: FMP), a real estate investment trust (REIT) exclusively focused on the renovation and repositioning of regional shopping malls, today announced that it has closed the previously announced joint venture agreement with an affiliate of Heitman in connection with the Colonie Center Mall located in Albany, New York."

Click Here To Read More!

The ABCs on what a bridge loan is, why you should think about getting one and how to do it

"Bridge loans are short-term funds that "bridge" the gap between today's need for immediate cash to pay bills and the final closing of a pending investment deal or long-term financing package. Firm owners can go to banks for such a loan if they have a solid cash-flow position and the bank feels comfortable with the level of monthly sales as sufficient to support the loan for 60, 90 or 120 days. The bridge can also be provided by a factor, a firm that agrees to provide front-end cash on specific accounts receivable that meet certain credit requirements on the part of the payer. The factor will typically provide 50 to 70 percent of the face value of the invoices upfront, and the balance of the funds will be paid to the entrepreneur at the collection date on the receivables. However, the factor takes a hefty fee or interest charge for this bridge."

Click Here To Read More!