Advantage Capital Finances Expansion of Lift for Life Academy

Advantage Capital Partners, a leading venture capital and small business finance firm, today announced that it has provided $3 million in financing to Lift for Life Academy, a charter school located in St. Louis’ Soulard neighborhood. Advantage Capital partnered with Southwest Bank on the financing, made in connection with the federal New Markets Tax Credit Program and Missouri New Markets Development Program. The funding enables Lift for Life... 

Innovation & International Jury for the Second Edition of the MIPIM Asia Awards

For the second consecutive year MIPIM Asia, the world’s property market in Asia-Pacific, will host the MIPIM Asia Awards, which reward the finest real estate achievements in this region. MIPIM Asia 2008 will be held at the Hong Kong Convention and Exhibition Center from 19 to 21 November. For the first time, winners will be selected by MIPIM Asia participants who will be able to elect their favorite project in the following seven award categories:... 

Fannie Mae shakes up management team

Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled companies is imminent. Fannie Mae, the largest buyer and backer of U.S. home mortgages, said its chief financial officer and two other top executives are leaving the company. Three current executives were promoted to replace... 

Forest City Closes $167 Million Financing for Downtown Brooklyn Residential Building

Forest City Enterprises, Inc. announced that it’s New York-based subsidiary, Forest City Ratner Companies, has closed on $167 million in construction financing for 80 DeKalb, a 335,000-square-foot residential building on DeKalb Avenue in downtown Brooklyn. The 34-story, Costas Kondylis-designed building is the first residential tower constructed by Forest City in Brooklyn. It is designed to achieve LEED certification and will include 73 affordable... 

ServiceLink Offers Special Services for Reverse Mortgages

ServiceLink, a leading provider of origination and default services and the national mortgage services platform of Fidelity National Financial, has enhanced its title and settlement solution for reverse mortgage transactions. Understanding that reverse mortgages differ from standard refinance transactions, ServiceLink offers a personal approach to help non-traditional borrowers close loans. The company has a dedicated reverse mortgage staff that is... 

The oil that fuels the academic machinery

When it comes to supporting the UI’s various colleges and institutions, money talks. The university’s largest source of funding came from tuition and fees – bringing in $240 million in revenue, according to the General Education Fund budget for fiscal 2007. A report published by the UI Office of Finance and Operations said that last year, the university projected to have $2.4 million in additional tuition revenues. The report attributed... 

Global textile machinery exports grow in 2006

President of Textile Machinery Branch of German Machinery and Equipment Manufacturers Association (VDMA) Wardman said in Beijing recently, the estimated value of the global textile machinery exports last year increased substantially to 13.4 billion Euros compared to the previous year. He said that China is the world’s largest textile machinery market, while India, Pakistan and South America market also represent a rapid growth. At the Beijing...