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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

Just this week, investors in Starwood Capital Group started to show signs of strain after the pandemic shuttered stores and wiped out emergency cash reserves, leading to default on a $700 million loan. But apparently they’re doing something right in Philadelphia. PREIT has had to absorb some of the same losses as its colleagues.

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Office Lending – Here is Why It is Not as Bad as The Market Thinks

South State Correspondent

It is in locations like San Francisco and Miami but less so in Philadelphia. Attendance in Philadelphia is relatively low, yet office demand has held up, and delinquencies remain controlled. While net operating income and debt service coverage will be down from most banks’ underwriting, the loans remain current.

Lending 195
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Republic First got a hand up from investors. Is it out of the woods?

American Banker

A $35 million capital bump from a once-hostile investor group may have helped the Philadelphia bank avoid collapse. Still, it reported $30 million of quarterly operating losses and heavy securities risk in a recently filed call report.

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Prosecutors Target Loosely-Regulated Business Lending Sector

PYMNTS

One business owners said he felt as if he were dealing with an entity almost like “a gangster operation.”.

Lending 237
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Loan-pricing models: What to consider for loan origination software

Abrigo

One overall benefit of effective loan pricing is that it is one of the many ways a financial institution can optimize capital. Adams, supervising examiner at the Federal Reserve Bank of Philadelphia, pricing is a key underwriting factor that should be addressed as part of a sound loan policy. According to James L.

Software 195
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Philly Consortium Advances ‘Regenerator’ Concept For SMBs

PYMNTS

Put forth by a consortium of Philadelphia-area advocacy groups and academics, a Regenerator is a kind of public-private partnership that will coordinate available resources and find new ones to help individual businesses survive. “The The federal role will extend beyond capital,” Katz noted. And that access to capital is critical.

Maine 138
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The benefits of micro-lending programs

Independent Banker

which operates $12 billion-asset OceanFirst Bank N.A. Although the SBA already operates a microlending program, the underwriting standards are similar regardless of whether it is a $5,000 or $50,000 loan. Banks could pool their resources or leverage the expertise or resources of a bank in a particular location to put capital to work.

Lending 150