GE Commercial Finance Corporate Lendingnamed Roger Tauchman as sales team leader for its central region, responsible for developing origination opportunities throughout Illinois, Indiana, Wisconsin, and Michigan. In his new role he reports to Rich Rodgers, managing director for the region. Tauchman joined GE Corporate Lending in 2000 as a vice president of portfolio and underwriting. Prior to joining GE, Tauchman worked in numerous roles for a number of financial institutions, including Bank of America and Heller Financial.
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There are two series, 2024-1 and 2024-2, that have revolving periods—three for the 2024-1 and five for the 2024-2—during which noteholders will not receive any principal.
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The trust employs a 24-month revolving period. There is an increased risk that collateral quality could deteriorate as the transaction evolves with new collateral.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Aside from the cash flow stabilization, another credit positive to the deal, TAH Operations is property manager to the portfolio, and has strong processes and controls.
March 27 -
Four tranches of class A notes make up the capital structure, and they all benefit from 3.00% in total initial hard credit enhancement.
March 26