PHILADELPHIA – Bethpage FCU of Long Island has agreed to provide $16.25 million in fixed-rate financing for the Whitman Plaza shopping center at Oregon and Randolph in South Philadelphia.
Financing for the project was secured by Berkadia Commercial Mortgage, the former GMAC Commercial Mortgage of Horsham.
The 25-year-old, 279,000 square foot shopping center, which includes a Kmart discount store, Pathmark grocery, Fashion Bug, Payless Shoes, Radio Shack and Party City.
Many traders took the Federal Reserve chair's tough talk on inflation as a signal that the central bank is poised for a rate hike, but the corresponding dip in long-dated bonds proved short-lived.
Los Angeles-based Lendistry recently received a $100 million credit facility from East West Bank to support loans to airport concession operators.
Florida, Georgia, Texas and Arizona are all states where U.S. Bank, which operates mainly in the Midwest and the West, sees growth opportunities.
Many advisors want asset managers to do more than provide access to investments. A new Cerulli report suggests they should emphasize practice management strategies rather than business growth.
The robots, which have the dexterity of a human arm and can open envelopes, remove staples, and scan documents, are being used in its Chicago lockbox and will eventually be deployed in its six other lockbox locations across the U.S.
The crypto company made the acquisition to expand its institutional platform after it received approval from the OCC for a national trust bank charter.
