Not exact matches
It will seek to identify assets within the consumer, small business, and
bridge loan markets with a goal to
build short duration, income producing credit portfolios for its clients.
While the state says the funding would help the
bridge project be more environmentally friendly, is
loaning this money mainly to
build a
bridge in line with EFC's mission?
In a blow to the Cuomo administration — and a big win for the environmental community — the EPA has rejected almost all of the controversial funding approved by the Environmental Facilities Corp. for projects related to
building a new Tappan Zee
Bridge, deeming them ineligble for funding from revolving
loan fund intended to pay for clean water initiatives.
The Environmental Facilities Corp., which lends federal money for sewer plants and other clean - water projects, approved a $ 511 million
loan to the Thruway Authority for 17 projects that are part of the
building of a twin - span replacement for the Tappan Zee
Bridge across the Hudson River.
In October, the Citizens Budget Commission released a report that projected TZB tolls would have to double, to around $ 10, to meet the yearly debt service on the
loans and bonds used to
build the $ 3.9 billion
bridge.
Cuomo administration officials argued at the time of their vote on the
loan in July that they needed the money to clean up water pollution in the Hudson river, where the
bridge is being
built.
Peter Iwanowicz, with Environmental Advocates, along with several other environmental groups, says the use of the clean water money to
build a
bridge is inappropriate and urges the board to vote no at its next meeting, when the
bridge loan will be considered.
Peter Iwanowicz, with Environmental Advocates, says the environmental problems that the
loan claims to fix will be caused by
building the
bridge in the first place.
The groups estimate only three and a half million dollars of the five hundred and eleven million dollar
loan requested would actually go to preserving clean water, and they say some of that money would be used to offset damage to water purity caused by
building the
bridge in the first place.
EFC Chair Matt Driscoll concedes, though that the EPA could force the return of the
loan after the fact, if federal officials determine the use of the clean water funds to go towards
building a
bridge is not appropriate.
This afternoon, the governor announced that the state would in fact receive a $ 1.6 billion
loan from the federal government to
build a new Tappan Zee
bridge, which the state projects will cost roughly $ 3.9 billion.
Driscoll concedes, though, that the EPA could force the return of the
loan after the fact, if federal officials determine the use of the clean water funds to go towards
building a
bridge is not appropriate.
They include Emily Callahan and Amber Jackson, who are using their skills and intellect to turn oil rigs into coral reefs; Nate Parker, the activist filmmaker, writer, humanitarian and director of The Birth of a Nation; Scott Harrison, the founder of Charity Water, whose projects are delivering clean water to over 6 million people; Anthony D. Romero, the executive director of the ACLU, who has dedicated his life to protecting the liberties of Americans; Louise Psihoyos, the award - winning filmmaker and executive director of the Oceanic Preservation Society; Jennifer Jacquet, an environmental social scientist who focuses on large - scale cooperation dilemmas and is the author of «Is Shame Necessary»; Brent Stapelkamp, whose work promotes ways to mitigate the conflict between lions and livestock owners and who is the last researcher to have tracked famed Cecil the Lion; Fabio Zaffagnini, creator of Rockin» 1000, co-founder of Trail Me Up, and an expert in crowd funding and social innovation; Alan Eustace, who worked with the StratEx team responsible for the highest exit altitude skydive; Renaud Laplanche, founder and CEO of the Lending Club — the world's largest online credit marketplace working to make
loans more affordable and returns more solid; the Suskind Family, who developed the «affinity therapy» that's showing broad success in addressing the core social communication deficits of autism; Jenna Arnold and Greg Segal, whose goal is to flip supply and demand for organ transplants and
build the country's first central organ donor registry, creating more culturally relevant ways for people to share their donor wishes; Adam Foss, founder of SCDAO, a reading project designed to
bridge the achievement gap of area elementary school students, Hilde Kate Lysiak (age 9) and sister Isabel Rose (age 12), Publishers of the Orange Street News that has received widespread acclaim for its reporting, and Max Kenner, the man responsible for the Bard Prison Initiative which enrolls incarcerated individuals in academic programs culminating ultimately in college degrees.
; Scott Harrison, the founder of Charity Water, whose projects are delivering clean water to over 6 million people; Anthony D. Romero, the executive director of the ACLU, who has dedicated his life to protecting the liberties of Americans; Louise Psihoyos, the award - winning filmmaker and executive director of the Oceanic Preservation Society; Jennifer Jacquet, an environmental social scientist who focuses on large - scale cooperation dilemmas and is the author of «Is Shame Necessary»; Brent Stapelkamp, whose work promotes ways to mitigate the conflict between lions and livestock owners and who is the last researcher to have tracked famed Cecil the Lion; Fabio Zaffagnini, creator of Rockin» 1000, co-founder of Trail Me Up, and an expert in crowd funding and social innovation; Alan Eustace, who worked with the StratEx team responsible for the highest exit altitude skydive; Renaud Laplanche, founder and CEO of the Lending Club — the world's largest online credit marketplace working to make
loans more affordable and returns more solid; the Suskind Family, who developed the «affinity therapy» that's showing broad success in addressing the core social communication deficits of autism; Jenna Arnold and Greg Segal, whose goal is to flip supply and demand for organ transplants and
build the country's first central organ donor registry, creating more culturally relevant ways for people to share their donor wishes; Adam Foss, founder of SCDAO, a reading project designed to
bridge the achievement gap of area elementary school students, Hilde Kate Lysiak (age 9) and sister Isabel Rose (age 12), Publishers of the Orange Street News that has received widespread acclaim for its reporting, and Max Kenner, the man responsible for the Bard Prison Initiative which enrolls incarcerated individuals in academic programs culminating ultimately in college degrees.
RRIF direct
loans can only be used to refinance outstanding debt incurred for certain types of eligible projects, including debt incurred to acquire, improve, or rehabilitate intermodal or rail equipment or facilities, including track, components of track,
bridges, yards,
buildings, and shops, and costs related thereto, or to develop or establish new intermodal or railroad facilities.
RRIF guaranteed
loans can only be used to refinance outstanding debt incurred for certain types of eligible projects, including debt incurred to acquire, improve, or rehabilitate intermodal or rail equipment or facilities, including track, components of track,
bridges, yards,
buildings, and shops, and costs related thereto, or to develop or establish new intermodal or railroad facilities.
While construction
loans or
bridge financing for residential new -
builds qualify as residential mortgages under the Income Tax Act, from a risk perspective, these
loans are riskier.
Part of it was used as a
bridge loan, while the
building was being
built, because the moneys from the capital campaign takes years to come in.
The first
loan in 2007 was a
bridge / rehab
loan to finance the acquisition and $ 1 million in tenant
build - outs.
NEW YORK CITY — Pembrook Capital Management LLC (Pembrook), a commercial real estate investment manager that provides financing throughout the capital structure including first mortgages, mezzanine,
bridge loans, note financings, and preferred equity for most property types, as well as tax - exempt bond financing for the acquisition, construction and rehabilitation of multifamily housing, announced the closing of a $ 7.5 million preferred equity transaction that will be used to facilitate the construction of Lincoln Park, a Brooklyn, NY development consisting of two Class A, multi-family apartment
buildings, totaling 133 units.
COMMENTS: Roc Capital offers high leverage multifamily fix - n - flip
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build to suit construction
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