Coleman Report Update

Join on MS Teams Watch on YouTube Host: Bob Coleman, Owner/Editor, Coleman ReportCo-Host: Lance Sexton, Contributor, Fountainhead CCGuests: Delaney Sexton, Editor, Coleman Report

Barry Sloane, Chairman, President and Chief Executive Officer says, “We are pleased that S&P Global Ratings has upgraded their investment-grade ratings on two of the Company’s most seasoned securitizations outstanding. The loans in these securitizations were underwritten prior to COVID-19 and experienced the effects of the pandemic plus the interest rate shocks of 2022 and…

RANK Lender # Loans $ Amount Average Loan Size 1 Readycap Lending, LLC (NJ) 39 $63,510,900 $1,628,485 2 KeyBank National Association (OH) 161 $50,169,100 $311,609 3 Umpqua Bank (CA) 108 $43,899,400 $406,476 4 Celtic Bank Corporation (UT) 23 $39,309,800 $1,709,122 5 Live Oak Banking Company (NC) 24 $37,990,100 $1,582,921 6 Washington Trust Bank (WA) 60…

Host: Bob Coleman, Owner/Editor, Coleman ReportCo-Host: Lance Sexton, Contributor, Fountainhead CC Watch on Microsoft Teams Watch on YouTube

RANK Lender # Loans $ Amount Average Loan Size 1 Community National Bank (VT) 21 $2,527,500 $120,357 2 Heritage Family FCU (VT) 20 $2,499,800 $124,990 3 TD Bank, National Association (DE) 17 $2,554,000 $150,235 4 New England FCU (VT) 17 $1,272,300 $74,841 5 Manufacturers and Traders Trust Company (NY) 8 $514,900 $64,363 6 Woodsville Guaranty…

The loan will help Cascade Kitchens transform an existing building into an innovative culinary hub. The revitalized space will include a food hall hosting various vendors, a commercial kitchen available for rent and a bar. “GCL is proud to support projects like Cascade Kitchens in South Lake Tahoe, California,” says Jeremy Gilpin, president of GCL.…

The Woodforest National Bank loan allows DreamSpring to provide microloans across 10 shared footprint states: Alabama, Florida, Georgia, Illinois, Louisiana, Mississippi, North Carolina, New York, South Carolina, and Texas. “Our collaboration with Woodforest widens the path for entrepreneurs to access much-needed capital and business resources,” says Anne Haines, President and CEO of DreamSpring. “With Woodforest…

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The next webinar in the series presented by Clark Street Capital is here! This is a free webinar. Join for a fantastic webinar from four experts with decades of experience at major financial institutions. This highly topical webinar will cover: •  Credit deterioration and early warning signs•  Prudent CRE Loan Accommodations and Workouts Guidance•  Managing the relationship transfer…

Jana Rouble, Senior Vice President tells the Coleman Report “Happy New Year, Bob! We are proud to announce that our team closed 28 loans in December to wrap up 2023. You’ll see 4 of those loans featured here. As a subsidiary of Citizens Bank, we are a preferred small business lender (PLP*) with a national…