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Trump Accounts Go Live as US Brokers Line Up for Rollover Business
Trump Accounts, the federal savings program that deposits $1,000 into accounts for eligible newborns, went live on July 4. For US brokers, the launch opens a new pool of long-term retirement money, and a fresh contest over who gets to hold it. The accounts are custodial traditional IRAs for children under 18, created under the…
How multifamily bridge loans can be an easy path to success for clients
If there is no renovation necessary, this is an opportunity for the borrower to collect rental income for a few years while letting the market dictate their next move. It allows for the ability to find another short-term bridge loan if the property inevitably needs rehab, or if the market cooperates, the borrower can be…
Affinius Ramping Up Lending Prominence in Garden State
If it’s a day ending in ‘y,’ Affinius Capital is probably doling out a big loan. This time, the recipient was a joint venture of PCCP, Claremont Development and Stanbery Development Group. The partners scored a $188 million loan to refinance the District 15Fifteen complex in Parsippany, New Jersey, the Commercial Observer reported. The property…
Court allows revenue streams backing bonds to remain with Chester in bankruptcy case
The city of Chester, on the Pennsylvania side of the Commodore Barry bridge, filed for Chapter 9 in 2022.Adobe Stock An appellate court ruled in favor of Chester, Pennsylvania last week, determining that pre-existing liens backing bonds did not survive the city’s 2022 bankruptcy. The decision gives Chester access to the revenue streams that bondholders…
EQB shares jump as Loblaw signals plans to increase stake
Shares of EQB Inc., the parent company of mortgage lender Equitable Bank, surged more than 9% Wednesday after Loblaw disclosed plans that could raise its ownership stake to nearly 25%.
Two US lawmakers disclosed SpaceX stock buys days after its record IPO
The network found no evidence that McClain knew of the Pentagon’s later moves to integrate xAI’s Grok models, or that she traded on nonpublic information, and she holds no committee seats overseeing defence or technology. She does sit on the Financial Services Committee, and Capitol Trades, which tracks congressional disclosures, lists her household with 1,443 trades over three years, more…