Clothing business – Michael Kors Outlete INC http://michaelkorsoutleteinc.com/ Wed, 18 May 2022 09:33:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://michaelkorsoutleteinc.com/wp-content/uploads/2021/10/icon-2.png Clothing business – Michael Kors Outlete INC http://michaelkorsoutleteinc.com/ 32 32 Signature Bank Launches New National Business Line with Appointment of Healthcare Banking and Financial Services Team https://michaelkorsoutleteinc.com/signature-bank-launches-new-national-business-line-with-appointment-of-healthcare-banking-and-financial-services-team/ Wed, 18 May 2022 09:00:00 +0000 https://michaelkorsoutleteinc.com/signature-bank-launches-new-national-business-line-with-appointment-of-healthcare-banking-and-financial-services-team/ NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced the launch of a new line of business with the appointment of a nine-person banking and finance team to health (HBF). The new private banking team will provide lending services while taking deposits from healthcare clients. Matthew T. Huber, recently appointed […]]]>

NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, today announced the launch of a new line of business with the appointment of a nine-person banking and finance team to health (HBF). The new private banking team will provide lending services while taking deposits from healthcare clients.

Matthew T. Huber, recently appointed senior vice president and group managing director, leads the new business team and HBF. In this role, Huber will oversee all aspects of the HBF team, including managing the team’s pipeline and banking activities and building a healthcare-related portfolio spanning both lending clients and deposit.

The HBF team focuses on serving for-profit and not-for-profit businesses that provide a range of healthcare services as well as owners and operators of senior housing, hospitals, large medical practices, centers outpatient surgery facilities, drug treatment and rehabilitation facilities, skilled nursing homes and facilities offering independent living, assisted living and memory care and continuing care retirement communities.

Huber brings 25 years of experience in healthcare banking and finance to his new role. During his long career, he has developed a specialized niche in healthcare banking. Most recently, he was Market Manager, Healthcare Finance at People’s United Bank until its merger with M&T Bank. He managed and oversaw the healthcare financing vertical, serving clients throughout New England and the Mid-Atlantic market. Previously, he was Director, Healthcare Enterprise Strategy – Commercial Segment at Key Bank, NA, in Syracuse, NY He spent seven years as Senior Director and Division Director – Commercial Healthcare Group at First Niagara Bank, also in Syracuse and has served as Senior Vice President and Regional Director, Real Estate Capital Healthcare Group at Key Bank, NA, in Cleveland, Ohio.

Huber’s team is joined by several seasoned banking professionals who also previously worked at People’s United Bank, including:

  • Walter Unangst, appointed Senior Vice President and Group Director at Signature Bank, was previously Senior Vice President and Senior Relationship Manager

  • Ken Jamison, appointed Senior Vice President and Group Director, was Senior Vice President, Capital Markets Market Director

  • Patricia Quint, now Senior Vice President and Group Director at the Bank, was Market Director of Commercial Deposit Services

  • Ryan Zyskowski, named vice president and chief relationship officer, served as vice president and chief relationship officer

  • Liam Ryan, vice president and loan portfolio manager for Signature Bank, was vice president and portfolio manager

  • Kristin Maier, appointed Assistant Vice President and Associate Loan Portfolio Manager, served as Assistant Vice President-Portfolio Manager

Additionally, other appointments to the team include Doreen Schafer, named vice president and head of loan administration. She was Vice President, Senior Loan Closer at KeyBank before joining the Bank; and Eric Halpern, appointed Senior Vice President and Group Director, served as First Senior Vice President, National Head of Healthcare at Bank Leumi USA.

“Signature Bank had been looking for the right opportunity to enter the healthcare banking and finance space for years. Healthcare is an ever-changing and evolving industry as baby boomers mature, people are living longer and as medical technology advances. All of this further increases the demand for healthcare services, thereby increasing the possibility of broader lending and financing services. We have identified what we believe is a huge and persistent need for nationwide commercial healthcare financing The time is right, and we welcome Matt and his team as they all bring deep banking and financial services expertise to the Bank as we launch this new national business line,” said Joseph J. DePaolo, co-founder, president and CEO at Signature Bank.

Huber commented on his new role and the Bank’s formation of its HBF line of business: “Signature Bank was looking to grow a de novo healthcare group with the kind of specialty that my team has. The way the Bank is structured – in terms of its emphasis on relationship-based banking and its single point of contact approach – was both very impressive and attractive to our team. Additionally, the business model is attractive to those of us with strong customer relationships and solid credit skills. The Bank’s work culture promotes balanced autonomy while fostering significant opportunities for growth. We look forward to the contributions the HBF team will make to the continued success of Signature Bank.

About Signature Bank

Signature Bank (Nasdaq: SBNY), Member FDIC, is a New York-based full-service commercial bank with 38 private client offices throughout the New York metropolitan area, as well as Connecticut, California and North Carolina. With its single-point-of-contact approach, the Bank’s retail banking teams primarily serve the needs of private businesses, their owners and senior executives.

The Bank has two wholly owned subsidiaries: Signature Financial, LLC, which provides financing and equipment leasing; and, Signature Securities Group Corporation, a licensed broker-dealer, investment advisor and member FINRA/SIPC, offers investment, brokerage, asset management and insurance products and services.

Since commencing operations in May 2001, Signature Bank has reached $121.85 billion in assets and $109.16 billion in deposits as of March 31, 2022. Signature Bank has placed 19and on S&P Global list of largest banks in the United States, based on deposits at the end of 2021.

Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payment platform. Bookmark™ enables business customers to make real-time payments in US dollars, 24/7/365 and was also the first solution to be approved for use by the NYS Department of Financial Services.

For more information, please visit https://www.signatureny.com.

This press release and oral statements made from time to time by our representatives contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on such statements as they are subject to many risks. and uncertainties relating to our business and our business environment, all of which are difficult to predict and may be beyond our control. Forward-looking statements include information regarding our expectations regarding future results, interest rate and interest rate environment, loan and deposit growth, loan performance, operations, new hires private client teams, new office openings, business strategy and the impact of the COVID -19 pandemic on each of the above and our business as a whole. Forward-looking statements often include words such as “may”, “believe”, “expect”, “anticipate”, “intend”, “potential”, “opportunity”, “could”, “project “, “seek”, “target”, “goal”, “should”, “will”, “would”, “plan”, “estimate” or other similar expressions. When considering forward-looking statements, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions that could cause actual results to differ materially from those in the forward-looking statements and may change due to many possible events or factors, all of which are not known to us or within our control. These factors include, but are not limited to: (i) prevailing economic conditions; (ii) changes in interest rates, loan demand, real estate values ​​and competition, which may materially affect origination levels and earnings on sales results in our business, as well as other aspects of our financial performance, including earnings on assets; (iii) the level of defaults, losses and prepayments on loans made by us, whether held in portfolio or sold in the general secondary loan markets, which may materially affect the charge-off levels and required credit loss reserve levels; (iv) changes in the monetary and fiscal policies of the United States government, including the policies of the United States Treasury and the Board of Governors of the Federal Reserve System; (v) changes in the regulatory environment for banks and other financial services; (vi) our ability to maintain the continuity, integrity, safety and security of our operations; and (vii) competition for qualified personnel and desirable office locations. All of these factors are subject to additional uncertainty in the context of the COVID-19 pandemic and the conflict in Ukraine, which are impacting all aspects of our operations, the financial services industry and the economy as a whole. Additional risks are described in our quarterly and annual reports filed with the FDIC. Although we believe these forward-looking statements are based on reasonable assumptions, beliefs and expectations, if anything changes or our beliefs, assumptions and expectations are incorrect, our business, financial condition, liquidity or results of operations could differ materially from those expressed in our forward-looking statements. You should keep in mind that any forward-looking statement made by Signature Bank speaks only as of the date on which it was made. New risks and uncertainties arise from time to time, and we cannot predict these events or their impact on the Bank. Signature Bank is under no obligation and does not intend to update or revise any forward-looking statements after the date on which they are made.

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‘Foreclosure Abuse Prevention Act’ awaits New York Governor’s signature https://michaelkorsoutleteinc.com/foreclosure-abuse-prevention-act-awaits-new-york-governors-signature/ Fri, 13 May 2022 19:58:16 +0000 https://michaelkorsoutleteinc.com/foreclosure-abuse-prevention-act-awaits-new-york-governors-signature/ Homeowners in New York who are knee-deep in foreclosure litigation may soon get a break as a bill making its way to Governor Kathy Hochul’s desk could acquit a slew of foreclosure cases pending before the courts. state and appellate courts. If Hochul signs the bill as is, the statute of limitations for a lender […]]]>

Homeowners in New York who are knee-deep in foreclosure litigation may soon get a break as a bill making its way to Governor Kathy Hochul’s desk could acquit a slew of foreclosure cases pending before the courts. state and appellate courts.

If Hochul signs the bill as is, the statute of limitations for a lender to bring a foreclosure action will be reduced to six years, as it was before the 2021 Court of Appeals ruling in Freedom Mortgage Corporation v Engel.

The bill, dubbed the “Foreclosure Abuse Prevention Act,” navigated by the New York Senate in a 52-10 vote last week. In March, the Assembly version of the bill passed 107-40.

But people familiar with the matter say there could be revisions to the bill, in part because mortgage industry stakeholders have stepped up efforts to lobby against the legislation.

The bill is expected to be signed in early June, but the process could drag on until the end of the year.

The Engel case established that a lender operating in New York has six years to file a foreclosure action, but if the action is denied for any reason, a lender can slow down a loan and then reinitiate a foreclosure action. later.


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The law project – sponsored by Senator James Sanders – claims the Engel case gave lenders and servicers the “ability to unilaterally manipulate, stop, halt and restart the statute of limitations at will”. Sanders did not immediately respond to requests for comment.

The bill claims that following the Engel decision, lenders and servicers “bombarded” the courts to reopen foreclosure cases that were previously barred by the statute of limitations.

Jacob Inwald, Director of Foreclosure Prevention at Legal Services NYCsaid that despite only being in effect for about a year, Engel has effectively allowed lenders to bring “old cases back from the dead.”

Examples of such cases, he said, are banks that first started in 2007 and 2008 but ended up quitting “because they couldn’t comply with New York laws governing the portfolio or that they could not prove their foreclosure cases where they had other fatal flaws. “The Engel ruling has allowed the banks to revive these cases.

For borrowers whose foreclosure cases have been reopened, it’s especially “glaring because with each passing month, interest, late fees and attorney fees add to their debt load,” Inwald said.

If Hochul signed the current version of the bill, cases opened as a result of Engel — and for which the statute of limitations has otherwise expired — would be those dismissed under the new law.

Brian McGrath, Partner at Hinshaw and Culbertsona law firm that represents financial institutions, said while some cases have been reopened, it has not seen a large influx.

“There are a number of loans and cases where the Engel decision has brought clarity and allowed the parties to refocus the legal arguments and bring this litigation to a conclusion on the merits,” McGrath said. “I haven’t seen any data to suggest there was any kind of bombardment of the courts with old records raised from the dead.”

McGrath said some lenders, service providers and secondary market investors have threatened to cease operations in New York if the legislation is passed as is.

“Investors buying loan pools – this will be the first domino we see falling in New York,” McGrath said. “The implication of that is that it becomes riskier for lenders to originate loans in New York because that secondary market where they can then offload those loans and offload the risk on those loans will start to shrink.”

The Engel decision didn’t necessarily change the law, it clarified “contractual rights to take out a loan and accelerate it, and then take out an accelerated loan and reinstate it,” according to McGrath.

“The ruling simply clarified how it should be done, fairly and evenly across the state,” McGrath said. “Thus, this law would potentially deprive a borrower and the bank’s ability to collectively agree to terminate a foreclosure and reset the statute of limitations by placing a loan in installments.”

If the governor signs the bill as is, McGrath warned, it could affect underwriting criteria for borrowers, as well as the number of options consumers have for obtaining financing in New York State.

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Mean Finance announces new bonds to bolster liquidity held by protocol https://michaelkorsoutleteinc.com/mean-finance-announces-new-bonds-to-bolster-liquidity-held-by-protocol/ Thu, 12 May 2022 14:35:00 +0000 https://michaelkorsoutleteinc.com/mean-finance-announces-new-bonds-to-bolster-liquidity-held-by-protocol/ Alexandria, Va.–(Newsfile Corp. – May 12, 2022) – Average financea decentralized autonomous organization (DAO) working to bring crypto and decentralized finance (DeFi) to traditional banking workflows, announces a new bond system that will allow the protocol to buy its own liquidity. Mean Finance, listed on CoinMarketCap as MeanFi, uses Socean Streams to purchase a 14-day […]]]>

Alexandria, Va.–(Newsfile Corp. – May 12, 2022) – Average financea decentralized autonomous organization (DAO) working to bring crypto and decentralized finance (DeFi) to traditional banking workflows, announces a new bond system that will allow the protocol to buy its own liquidity.

Mean Finance, listed on CoinMarketCap as MeanFi, uses Socean Streams to purchase a 14-day staked MEAN (sMEAN) unblocking stream (b14sMEAN). This allows long-term buyers to purchase MEAN staked at a discount and gives Mean Finance the ability to own and control its liquidity.

“This is an important milestone for Mean Finance,” said MeanFi CEO Michel Triana. “By using Socean Streams, Mean Finance can not only reduce the cost of buying liquidity, but also attract long-term investors and exclude short-term traders.”

Triana adds that the new system will help control token supply inflation by distributing linked tokens instead of regular ones. This will reduce the rate at which MeanFi’s governance token swells, creating a healthier environment for the protocol’s price action.

“Our mission is to create positive-sum DeFi products,” Triana said. “It’s a great example and so it’s something we’re very proud to build. Buyers and protocols benefit here. Buyers can invest in their favorite protocols at a discount, and protocols enjoy many benefits : they can control their own liquidity, reduce token supply inflation and attract long-term investors.”

Socean Streams is a product that allows protocols to buy their liquidity. It is available for any protocol that wishes to use it, and Mean Finance is one of the first protocols to do so.

What is MeanFinance?

Mean Finance, calling itself “a self-custody, permissionless, trustless bank”, is a DeFi protocol built on the Solana blockchain, allowing users to earn interest on their digital assets.

Mean Finance says it brings traditional banking workflows to the crypto world, allowing users to do things like open savings accounts, take out loans, earn interest on their digital assets, and even pay bills. recurring with cryptocurrency.

“MeanFi does to money what Spotify did to music and what Uber did to taxis,” says Triana. “With MeanFi, you are the bank. Your data belongs to you. No one can tell you what to do with your money. You are in control.”

Since launching in December 2021, MeanFi has been available on major centralized and decentralized exchanges such as Gate.io, MEXC, and BitMart, according to CoinMarketCap. Its diluted market cap is currently over $70 million.

Mean Finance claims that its users can easily and securely create and manage international accounts with multiple assets, as well as access a variety of capital products such as deep liquidity markets and a decentralized exchange.

In addition to traditional banking services, MeanFi says it also offers unique features for DAOs, projects and organizations, such as asset and risk management tools such as multi-signature (multisig) wallets, cash, payments and collections. With its on-ramp and off-ramp integration, users can purchase digital assets directly with a regular debit card in minutes.

“MeanFi is the first platform of its kind to offer such a comprehensive suite of features for individuals and organizations,” Imani said. “We believe MeanFi has the potential to revolutionize the way individuals and businesses manage their finances.”

To learn more about MeanFi, visit: https://www.meanfi.com/ or follow him on social media.

press contact
Moe Iman
Marketing and public relations
moe.iman@supermean.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123800

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River City Federal Credit Union Improves Small Business Lending for the Financially Underserved, Supported by Compliance Systems, Hawthorn River and IMM https://michaelkorsoutleteinc.com/river-city-federal-credit-union-improves-small-business-lending-for-the-financially-underserved-supported-by-compliance-systems-hawthorn-river-and-imm/ Tue, 10 May 2022 12:03:00 +0000 https://michaelkorsoutleteinc.com/river-city-federal-credit-union-improves-small-business-lending-for-the-financially-underserved-supported-by-compliance-systems-hawthorn-river-and-imm/ Free services reinvent the lending experience for the local community GRAND RAPIDS, Michigan, May 10, 2022–(BUSINESS WIRE)–Compliance Systems, the financial industry’s leading provider of modern, dynamic digital compliance documentation, today announced that River City Federal Credit Union has chosen Compliance Systems to automate and streamline its lending processes with built-in compliance. Compliance Systems is working […]]]>

Free services reinvent the lending experience for the local community

GRAND RAPIDS, Michigan, May 10, 2022–(BUSINESS WIRE)–Compliance Systems, the financial industry’s leading provider of modern, dynamic digital compliance documentation, today announced that River City Federal Credit Union has chosen Compliance Systems to automate and streamline its lending processes with built-in compliance. Compliance Systems is working with Hawthorn River and IMM to provide the credit union with a digital banking platform at no cost to its employees and members, including local businesses and community organizations.

River City FCU, based in San Antonio, Texas, is certified as a Community Development Financial Institution (CDFI) and is a Juntos Avanzamos Designated Credit Union. The organization is committed to providing safe and affordable financial services and products to all, including communities that have been historically underserved and are financially vulnerable.

During the pandemic, River City FCU identified a gap in small business lending in financially underserved communities and sought to provide a more inclusive process. “Like many financial institutions in our community, we passed on loan opportunities to small businesses because we lacked the compliance capabilities to process loan transactions,” said Jeff Ivey, President and CEO. of River City FCU. “As financial institutions increasingly focus on serving the underserved, they must consider investing in technology to meet the needs of small businesses. By partnering with Compliance Systems, Hawthorn River and IMM, we are now able to support our mission of ‘people helping people’, providing seamless access to business loans to the most vulnerable in our community.”

With the help of Compliance Systems, the credit union now has the technology to automate compliance processes for business loans, generate documents faster, and increase execution rates for faster funding. Working with Hawthorn River and IMM, the credit union is also able to eliminate disjointed technology and error-prone spreadsheets, provide its bankers with a more efficient lending solution that solves complex operational issues, and provide an improved and more modern e-signature experience that builds member confidence in their financial institution.

“Enabling community financial institutions like River City FCU to help connect financial services to groups that are often underserved is one of the reasons we built our innovative compliance technology. River City FCU highlights the need for credit unions to rethink business lending and community engagement, and we’re proud to work with them to make our solution available to them at no cost. Credit unions that continue to expand their digital strategies will be the ones that not only maintain a central role in their communities, but also build and sustain relationships with members who otherwise might have been left behind,” said Chris Appie, president of Compliance Systems.

About IMM

For 25 years, IMM has been the premier provider of electronic signature and digital transaction solutions designed exclusively for financial institutions. Today, more than 1,500 banks and credit unions use IMM’s electronic signature and digital transaction management solutions across the institution to improve the consumer experience while streamlining back-office processes in a complete end-to-end digital processing environment.

About the Hawthorn River

Hawthorn River is community banking software built by community bankers. From streamlining the end-to-end lending process to automating specific steps along the way, Hawthorn River helps community banks increase productivity, reduce regulatory risk, and improve the borrower experience. . For more information, please visit www.hawthornriver.com.

About compliance systems

Compliance Systems is the leading provider of dynamic digital compliance content for the financial industry. Its technology efficiently enables deposit, IRA, and loan transactions with configurable content that supports business flexibility and operational efficiency. With over 29 years of experience in financial documentation, Compliance Systems supports over 1,500 banks and credit unions. For more information, please visit www.compliancesystems.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220510005566/en/

contacts

Samantha Wheeler
samanthaw@williammills.com
(678) 781-7210

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Diagnosing tumors at home? The digital transition of healthcare has arrived https://michaelkorsoutleteinc.com/diagnosing-tumors-at-home-the-digital-transition-of-healthcare-has-arrived/ Sun, 08 May 2022 11:45:00 +0000 https://michaelkorsoutleteinc.com/diagnosing-tumors-at-home-the-digital-transition-of-healthcare-has-arrived/ In this video clip of a Motley Fool live interview, recorded on April 11KPMG Partner Kristin Pothier answers a question from Fool.com contributor Rachel Warren about some of the exciting new virtual trends in telehealth. 10 stocks we like better than WalmartWhen our award-winning team of analysts have investment advice, it can pay to listen. […]]]>

In this video clip of a Motley Fool live interview, recorded on April 11KPMG Partner Kristin Pothier answers a question from Fool.com contributor Rachel Warren about some of the exciting new virtual trends in telehealth.

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Christine Pothier: A lot of the work we do is about health systems. Health systems have seen this transition to digital health, this transition to telehealth, teletherapy, especially in mental health. It has really helped a number of patients who maybe couldn’t get to the doctor or weren’t comfortable doing so.

Now we have a family health capability where families can sit in their own living room with their therapist on the other end of the line and really talk about things and be able to do that without missing an appointment. They don’t have to worry about getting on their bus or in their car to get to a therapy area and provide that help to the mental health community.

I would say for the rest of telehealth as well, there are certain things you need to see a doctor for. It will never go away. In order to do a biopsy, in order to really understand a diagnosis, you usually have to see a patient. But we are seeing that even areas that traditionally could only be done in hospitals are beginning to diversify.

For example, the liquid biopsy trend, which means that instead of taking a piece of tumor from a patient, you take a blood sample and you can look at the signature of the tumor in the blood. It is something that can be done at home. When you really look at that and you see the surveillance capabilities, and you see the progression of cancer care, we’re going to do more as we move forward.

It’s all really due to some of that innovation, both from a wet chemistry perspective, but also the availability of the digital ecosystem that comes with it.

The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Centaur Holdings Obtains $170 Million in Funding for Project Avenir https://michaelkorsoutleteinc.com/centaur-holdings-obtains-170-million-in-funding-for-project-avenir/ Fri, 06 May 2022 16:30:00 +0000 https://michaelkorsoutleteinc.com/centaur-holdings-obtains-170-million-in-funding-for-project-avenir/ Left to right: Kyle Asher, Managing Director, Faisal Ashraf, Managing Partner of Monroe Capital and Lotus Capital, with rendering of Panther National in Palm Beach County (Panther National, LinkedIn/Kyle Asher, LinkedIn/Faisal Ashraf, iStock ) The developer of Panther National, a planned single-family home community with a Jack Nicklaus-designed golf course in the Avenir development in […]]]>

Left to right: Kyle Asher, Managing Director, Faisal Ashraf, Managing Partner of Monroe Capital and Lotus Capital, with rendering of Panther National in Palm Beach County (Panther National, LinkedIn/Kyle Asher, LinkedIn/Faisal Ashraf, iStock )

The developer of Panther National, a planned single-family home community with a Jack Nicklaus-designed golf course in the Avenir development in Palm Beach County, has secured $170 million in financing.

Centaur Holdings, an investment holding company based in Switzerland and Bermuda, is developing Panther National, near Palm Beach Gardens. The project includes 218 single-family homes, an 18-hole Nicklaus-designed course, a golf practice facility, a 40,000 square foot clubhouse, and a health and lifestyle club.

Chicago-based Monroe Capital is providing the financing, which includes two term loans, a revolver and a construction loan, according to Lotus Capital Partners, which arranged the debt. The developer can borrow up to more than $250 million, according to a press release.

A subsidiary of Centaur Holdings paid $60 million for 392 acres to Avenir in November, property records show. Avenir Holdings, led by David Serviansky, sold the land.

Faisal Ashraf, managing partner of Lotus Capital, said the four loan tranches will work together and the complex debt structure is “designed more optimally for the ongoing development of a residential project for sale”.

“It lowers the cost of funding for them and allows them to use different things depending on their needs,” he said.

The first part of the debt includes the two term loans and the revolver – which is akin to a line of credit – totaling $80 million. The developer will use the financing to finance the infrastructure and predevelopment costs of the single-family homes. Centaur is also expected to use some of those funds for the golf course and clubhouse, Ashraf said.

The second tranche is a $90 million construction loan with a revolver component, meaning the developer can pull that debt up and down as the homes are individually completed.

Contemporary architect Max Strang of Miami-based Strang Design designs the single-family homes. Homes range from $3 million to over $10 million, depending on the palm beach post. Sales are in progress.

Avenir is one of the largest planned communities in South Florida, if not the largest. The nearly 4,800-acre area is approved for approximately 3,900 residential units, most of which are single-family homes; approximately 1.8 million square feet of office space; 200,000 square feet of medical offices; a hotel with 300 keys; and 400,000 square feet of retail. Builders who have purchased land include Pulte, Toll Brothers, commercial developer Konover Stern, K. Hovnanian Homes and DiVosta.

The project also includes a 2,400-acre nature reserve called Avenir Conservation Area.

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3 Crypto Stocks That Scream Buys https://michaelkorsoutleteinc.com/3-crypto-stocks-that-scream-buys/ Mon, 02 May 2022 12:29:00 +0000 https://michaelkorsoutleteinc.com/3-crypto-stocks-that-scream-buys/ There is now a whole group of stocks in the crypto industry that are not themselves cryptocurrencies, but help support the industry – whether through payment infrastructure, crypto wallets, asset managers, exchanges or other means. This group of stocks has in the past had a strong correlation with the movement of cryptocurrencies like Bitcoin. For […]]]>

There is now a whole group of stocks in the crypto industry that are not themselves cryptocurrencies, but help support the industry – whether through payment infrastructure, crypto wallets, asset managers, exchanges or other means.

This group of stocks has in the past had a strong correlation with the movement of cryptocurrencies like Bitcoin. For this reason, while cryptocurrencies have struggled in recent months, this group of stocks has also struggled. But for some, I don’t think the sale is justified. Here are three crypto stocks that I think scream buys.

1. Silvergate Capital

Silvergate Capital (IF -7.07%)a crypto bank with nearly $16 billion in assets, has built a proprietary real-time payment system called the Silvergate Exchange Network (SEN) that better facilitates crypto trading between major US cryptocurrency exchanges and institutional traders .

Since cryptocurrencies trade non-stop and the United States does not operate on a real-time payment system, the ability to clear and settle transactions instantly makes trading more efficient. Silvergate has a first-mover advantage in this space and has now onboarded over 1,500 customers to SEN.

I thought the bank’s first quarter results were particularly strong, given that even though crypto trading volume and SEN volume had a weak quarter, the bank still onboarded 122 customers. This shows that even when interest in crypto is down, there is still long-term interest in what SEN is offering.

In addition, customers who onboard SEN bring to Silvergate many deposits on which the bank pays no interest, on which it can earn money by deploying them in the form of bonds or loans. This is a huge advantage over other banks that pay interest on their deposits. It also makes Silvergate a tremendous beneficiary of rising interest rates, as the bank can deploy these zero-cost deposits earning very little return into higher-yielding assets.

At 29 times forward earnings, Silvergate’s valuation may seem expensive, especially in today’s market, but rising interest rates will significantly boost the bank’s earnings. Additionally, Silvergate is working on issuing a dollar-backed stablecoin for commerce and remittances, which would make it the first regulated bank to do so.

I don’t think investors take into account the magnitude of this initiative. There’s certainly no guarantee of success, but it could be a game-changer for the title.

Image source: Getty Images.

2. Signature Bank

Signature Bank (SBNY) -3.69%)with $122 billion in assets, is much larger than Silvergate but is similar in that it also runs a real-time payment system, called Signet, to better facilitate crypto trading.

Although Signet started after SEN, it seems to be catching up with Silvergate and is similar in size. It added 160 new customers during the quarter and has a total of 1,202 on its network, according to Barrons.

Signature has $29.43 billion in customer deposits of digital assets, though it’s a bit unclear how much of that is specifically due to Signet. Signature also reported that it had doubled the number of major exchanges using the bank as their primary bank from four to eight during the quarter.

Signature also has a strong lending business into which it can deploy all of its excess deposits, including venture banking, fund banking, commercial lending, specialty finance, multi-family and specialty mortgages, and more. . The bank has generated impressive returns and is extremely efficient operationally. Like Silvergate, it will also benefit hugely from rate hikes and trades below 12 times forward earnings.

3. Bancorp Customers

Assets of $19 billion Bancorp Customers (CUBI -3.38%) is the newest player to develop an instant payment system to help digital asset clients trade cryptocurrencies, as well as a variety of clients pursuing other goals.

It’s easy to assume that Customers Bancorp is late to the party. But that’s really not the case, because as more and more traditional financial systems enter the world of crypto, it will take more than one or two platforms providing payment infrastructure. It’s a massive industry; many exchanges and customers will be on more than one of these bank payment networks.

The rollout of the Customers Bank Instant Token (CBIT) seems to be going well so far. The bank onboarded a total of 100 customers to begin creating the network effect and had $2.3 billion in deposits from those customers as of April 15.

Clients Bancorp also manages a number of other miscellaneous lending operations, including specialized small and medium-sized business digital lending, banking as a service, venture capital banking, consumer lending, mortgage banking and much more, giving it much broader capabilities than most. banks its size.

With Customers Bancorp stock currently trading around six times forward earnings and only 117% of its tangible book value, which is essentially a bank’s net worth, I consider it an absolute steal right now.

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Judge ‘surprised’ by Trump’s claim he has no documents sought in investigation https://michaelkorsoutleteinc.com/judge-surprised-by-trumps-claim-he-has-no-documents-sought-in-investigation/ Sat, 30 Apr 2022 01:21:00 +0000 https://michaelkorsoutleteinc.com/judge-surprised-by-trumps-claim-he-has-no-documents-sought-in-investigation/ NEW YORK, April 29 (Reuters) – A New York judge said he was surprised on Friday that Donald Trump, a man he described as perhaps the world’s most famous real estate developer, was not in able to provide the documents requested as part of an investigation into the Trump Organization, his family business. Judge Arthur […]]]>

NEW YORK, April 29 (Reuters) – A New York judge said he was surprised on Friday that Donald Trump, a man he described as perhaps the world’s most famous real estate developer, was not in able to provide the documents requested as part of an investigation into the Trump Organization, his family business.

Judge Arthur Engoron of New York State Court in Manhattan told a virtual hearing he would continue to hold the former US president in contempt of court and fine him $10,000 a day despite a request from Trump’s attorney to lift both orders.

“It’s Donald Trump, arguably the most famous real estate developer in the world,” Judge said. “I’m surprised he doesn’t seem to have any documents; they’re all with the organization.”

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On Monday, Engoron issued the orders regarding Trump’s failure to comply with a subpoena for documents from New York Attorney General Letitia James. On Wednesday, Trump signed an affidavit saying he did not believe he had any relevant documents and, if there were documents, the Trump Organization would have them.

On Friday, Engoron, who read Trump’s affidavit during the hearing, said the document bore “his inimitable signature” in what appeared to be a Sharpie. But he said he lacked useful details about where Trump kept his records.

In order to purge the contempt finding, Trump would have to submit an affidavit swearing where his files were, how they were stored and who had access to them, as well as stating whether he had turned over his personal electronic devices for research and imaging, a the judge later said in a written order.

During the hearing, Engoron focused on the small pieces of paper with an adhesive strip on one side that Trump is known to use. “He’s famous for his post-its,” Judge said. “When he wants something done, he puts a post-it on it. I don’t think we got a post-it.”

Trump Organization General Counsel Alan Garten testified as part of the attorney general’s investigation that Trump used post-it notes to communicate with employees, court records show.

But Trump’s lawyer, Alina Habba, said Trump had no post-it notes.

“You can fine us 10 months, but you won’t get any more documents from Donald Trump,” Habba said. “He doesn’t have the documents you want.”

James says his investigation has already uncovered evidence that the Trump Organization – which manages hotels, golf courses and other real estate around the world – provided banks and tax authorities with misleading financing information in order to obtain financial benefits such as favorable loans and tax breaks. .

Engoron said he would consider Habba’s request to end the fine. “But if you don’t hear from me, time is still running out,” he said.

A Republican, Trump denies wrongdoing and calls the investigation politically motivated. James is a Democrat. Habba said on Friday that she would continue to appeal both the contempt order and the fine following Engoron’s oral decision.

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Reporting by Karen Freifeld and Luc Cohen in New York; Editing by Howard Goller and Daniel Wallis

Our standards: The Thomson Reuters Trust Principles.

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Digital signature verifies identity with selfie | information age https://michaelkorsoutleteinc.com/digital-signature-verifies-identity-with-selfie-information-age/ Thu, 28 Apr 2022 01:40:13 +0000 https://michaelkorsoutleteinc.com/digital-signature-verifies-identity-with-selfie-information-age/ Selfies are the new way to digitally sign documents. Photo: Shutterstock Signing and enforcing contracts is set to be significantly simplified with Australia’s launch of Livesign, a mobile app that leverages secure passport data – and a selfie taken by the user at the time of signing – to verify identity. a signatory without a […]]]>

Selfies are the new way to digitally sign documents. Photo: Shutterstock

Signing and enforcing contracts is set to be significantly simplified with Australia’s launch of Livesign, a mobile app that leverages secure passport data – and a selfie taken by the user at the time of signing – to verify identity. a signatory without a third party witness. .

The need for witnesses for a signature has been a legal requirement for verification of identity (VoI) for centuries, to prevent fraud and ensure that signers can be held accountable for their contractual commitments.

Yet, even when contracts are transmitted digitally, signature pages or entire contracts typically need to be printed, signed, attested, and scanned to be returned to the originator, creating massive amounts of work and administrative duplication.

State and federal laws have allowed for a long time electronic signatures to carry the same weight in the form of paper signatures – a process that accelerated when the COVID-19 pandemic forced a transition to contactless signing – and the market reacted with an explosion of electronic signature solutions allowing to sign a digital document with the finger on a smartphone or a tablet.

These processes also require the signature of a witness – but with the release of Livesign, said The Law Store CEO Ian Hendey, parties to a contract can now verify the identity of signers by verifying biometric details against to official details stored electronically on passport chips from over 120 countries.

Using an approach recently adopted by the government MyGovID Servicethe app takes a ‘selfie’ photo of the signer and verifies this and other key identity details against the digital image stored on the passport chip.

The information is also cross-referenced with Medicare cards or other ID documents to confirm the identity of the person using the app.

“Digital signing and digital VoI are no longer just conveniences, they are an expectation, particularly in areas such as conveyancing and mortgages,” said Ian Hendey, CEO of thelawstore.com.au, who created Livesign.

“We identified the need for a technology solution to allow you to sign a document and prove your identity at the same time…we are increasing the security of the testifying process to provide the security of in-person testimony with the convenience of digital .”

Sign your name, through my smartphone

The digital signature has been warmly welcomed by financial services organizations, where identity verification processes can delay the signing of large contracts and other administrative documents.

LiveSign delivers “a clear VoI experience to our clients, alleviating what was previously a major pain point for our firm,” noted Perry Russel, legal practice director at Keylaw Conveyancing Solicitors, who sees the integrated solution as key to meeting the needs customers who “demand simplicity and value”.

Gateway Bank has leveraged LiveSign to streamline its identity verification and document signing processes from 12 days to five minutes – a change which, according to customer operations manager Zeb Drummond, “removed barriers for customers from rural and regional areas across Australia… while mitigating fraud, operational and security risks.

The shift to digital signatures “is really a one-way street,” said DocuSign APJ Group Vice President and General Manager Dan Bognar, in discussing the recent Momentum APAC 22 conference.

“The tuning systems that have been built,” he said, “have such an impact that there is literally no going back to pen and paper.”

Long a dominant player in the electronic signature market projected to grow 36.1% annually through 2029, DocuSign has been praised by clients such as the Commonwealth Bank of Australia, which has reported that electronically signed loans are funded 20 days faster than paper loans.

DocuSign last year in partnership with Australia Post to leverage that company’s own digital VoI services – but by combining digital signing with PoI functionality in a single app, LiveSign goes one step further: “effectively”, Hendey said, “a mobile phone has become the secure witness in a digital system world.”

Universal electronic document signing is a major part of the Morrison government’s deregulation agenda, which saw the publication of a new discussion paper late last year as it strives to finalize a cohesive way nationwide to digitally sign legally binding documents.

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A&H secures $50 million refinance for anchored grocery store property at 1007 Flatbush Avenue – Trade Observer https://michaelkorsoutleteinc.com/ah-secures-50-million-refinance-for-anchored-grocery-store-property-at-1007-flatbush-avenue-trade-observer/ Mon, 25 Apr 2022 20:43:51 +0000 https://michaelkorsoutleteinc.com/ah-secures-50-million-refinance-for-anchored-grocery-store-property-at-1007-flatbush-avenue-trade-observer/ Harry Adjmiit is Acquisitions A&H refinanced its single-storey commercial building in 1007 Flatbush Avenue in Brooklyn with $50 million worth of Signature Bankaccording to recordings made public last Friday. Adjmi’s agreement refinances the Flatbush property’s previous $24 million loan plus other debt, including two mortgages of approximately $27 million that Adjmi took out on the […]]]>

Harry Adjmiit is Acquisitions A&H refinanced its single-storey commercial building in 1007 Flatbush Avenue in Brooklyn with $50 million worth of Signature Bankaccording to recordings made public last Friday.

Adjmi’s agreement refinances the Flatbush property’s previous $24 million loan plus other debt, including two mortgages of approximately $27 million that Adjmi took out on the property in 2007 and 2017.

The retail real estate investor, under an A&H-related company, closed the financing on April 8. His firm had previously consolidated the building’s loans in 2017 into a single $50 million loan, disbursing just under $5 million to the bank since February this year. , according to public repository. Adjmi’s recent refinancing brings debt back to the property, rented for Stop and shopback up to $50 million with his $5 million mortgage.

Adjmi bought the building in 2004 for $35 million from Forest City Tilden Associatesaccording to PropertyShark and public records.

Adjmi, who runs A&H Acquisitions With his brother Alex Adjmiowns commercial properties across the United States Alex Adjmi was pardoned by the former president donald trump after being sentenced money laundering for a Colombian drug cartel in the 1990s, The New York Times reported. Adjmi is also the founder of One step forwarda wholesale import company, The real deal reported.

A&H and Signature Bank did not immediately respond to requests for comment. It is unclear who arranged the financing.

Celia Young can be contacted at cyoung@commercialobserver.com.

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