NEW YORK–(COMMERCIAL THREAD) – Cerberus Capital Management, LP (“Cerberus”) today announced that its mid-market direct lending platform, Cerberus Business Finance, has completed the final close of its latest flagship fund, Cerberus Levered Loan Opportunities Fund IV (“Fund IV”). Fund IV closed with $ 2.4 billion in equity commitments and in total Cerberus Business Finance raised…

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Opportunities are present, according to a study by Capital Direct, as direct lending can help mortgage brokers serve more clients, generate more referrals, and grow more business. The opportunity focuses on the ability to offer mortgage financing, which is flexible, and would allow borrowers who have difficulty obtaining financing from traditional lenders to receive secured…

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Some community banks and small lenders have had to improve their technological capacities to service PPP loans. This includes First Federal Lakewood, which is partnering with fintech platforms Numerated and ProBank Austin to help with front-end processing and back-end forgiveness, respectively. The mutual bank prides itself on being a size where it has the resources…

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Nicholas Palumbo, White & Case’s Private Credit and Direct Lending Practice Manager for the Americas, joins Davis Polk & Wardwell. He brings to Davis Polk his experience advising direct lenders, banks, corporate borrowers, financial sponsors and other debt investors on transactions such as senior facilities and syndicated guaranteed loans. Its clients include Golub Capital, Owl…

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Direct lenders and debt funds have historically presented themselves as more suitable partners for businesses than banks, bondholders or other institutional lenders. When the going gets tough, they may be quicker to walk away from covenants and offer new money than a less concentrated group of creditors. But it also puts them in pole position…

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For active duty members and military veterans, VA loans offer a valuable benefit. But beware of borrowers – federal regulators say some lenders are bombarding current and former soldiers with jaw-dropping advances, rates too good to be true, and bogus maturities. The US Consumer Financial Protection Bureau this year cracked down on nine VA lenders…

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Symon Drake-Brockman, founder and managing partner of European direct lender Pemberton Asset Management, believes the US direct lending market has matured so much that it is difficult to continue to grow, while Europe still has fruitful opportunities ahead. . Drake-Brockman’s speech to global and North American investors is fairly straightforward: The US market is a…

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Direct lending in Europe cooled in the first half of the year after a flood of central bank intervention helped financially troubled firms borrow on public markets instead. The number of direct loan agreements, in which funds provide loans that would traditionally be made or arranged by banks, concluded in Europe has decreased by 29%…

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Use this trick to get a lower mortgage rate Mortgage borrowers often view rate shopping as extra work. But what if you could make mortgage lenders work hard to you? By following the right steps, you can get lenders to fight over your mortgage and negotiate a lower interest rate. It will always involve effort…

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