Walker & Dunlop, of Bethesda, a provider of commercial real estate financing services, announced it has a deal to acquire Johnson Capital’s loan origination and servicing business. Johnson Capital, a commercial real estate mortgage company, has originated $1.3 billion in commercial loans on average over the past three years. Walker & Dunlop will add about […]
The U.S. Small Business Administration has issued a reminder to homeowners, renters, businesses and nonprofit organizations in Maryland that the deadline is Sept. 29 to submit disaster loan applications for damages caused by flooding on June 12. Low-interest disaster loans are available in Allegany, Frederick, Garrett and Washington counties. Homeowners may receive loans up to […]
Don’t expect a bank to save you from yourself, the Court of Special Appeals said in rejecting a franchisee’s claim that Sandy Spring Bank negligently loaned him the money to invest in The Coffee Beanery Ltd. in Annapolis.
Banks are making it easier for small businesses to get loans, and they're giving companies better terms and lower interest rates.
The Baltimore Development Corp. is seeking repayment of a $200,000 loan it made to the previous owners of The Inn at the Black Olive in Fells Point.
WASHINGTON — A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in a mortgage programs for seniors. At issue are reverse mortgage programs, which allow seniors to borrow against their homes for everyday living expenses. Federal Housing Administration Commissioner Carole Galante told Congress in a […]
PROVIDENCE, R.I. — Rhode Island’s economic development agency hired legal counsel to respond to an inquiry from the federal Securities and Exchange Commission about its $75 million loan guarantee to former Red Sox pitcher Curt Schilling’s failed video game company. Economic Development Corp. spokeswoman Melissa Czerwein said Wednesday the agency retained a law firm to […]
DOVER, Del. — A Delaware judge says a lender is entitled to seize the former presidential yacht Sequoia from its current owners. The judge ruled Thursday that the Sequoia Presidential Yacht Group fraudulently induced FE Partners LLC into entering a loan agreement, then defaulted on the loan. FE Partners can now exercise an option to […]
WASHINGTON — The White House is urging Congress to pass a bipartisan compromise on student loans that would offer lower interest rates for the next few years. The White House on Tuesday released a statement urging swift passage of the deal, negotiated over the last few weeks by Democratic Sen. Joe Manchin of West Virginia […]
The Maryland Division of Financial Regulation issued a final order Thursday telling an online payday lender to cease lending and collecting on loans to the state’s consumers, saying the unlicensed company had been charging usurious annual personal-loan rates of between 120 percent and 1,825 percent.
The Anne Arundel Economic Development Corp, announced that on Wednesday it will officially unveil its new small business loan fund and introduce the owners of Brick House LLC, the fund’s first loan recipient.
DETROIT — Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early. The Palo Alto, Calif., company said it wired in a $451.8 million payment to the government on Wednesday. The money, coupled with two prior payments, paid off a $465 million […]