Commercial real estate loan rate
Oct. 29 (Bloomberg) — American Express Co. , the biggest U.S. credit-card company, used the Federal Reserve ’s commercial paper facility for the first time today, joining a growing list of borrowers that have sold tens of billions of dollars of the debt to the central bank.
Fed Lowers Commercial Paper Yield as Market Awaits Rate Cut (Bloomberg)
Oct. 29 (Bloomberg) — The Federal Reserve lowered the yield it’s willing to accept for 90-day unsecured commercial paper to 2.84 percent, including a credit surcharge, as investors await word on whether the central bank will cut its benchmark lending rate today to stimulate the economy.
GMAC Added to Commercial Paper Plan, May Become Bank (Update4) (Bloomberg)
Oct. 29 (Bloomberg) — GMAC LLC , the money-losing auto finance and home-loan lender, is seeking to become a bank holding company after gaining access to the Federal Reserve’s new program designed to unlock short-term commercial credit markets.
Centerline Capital Group Closes $131MM Loan Package with Fannie Mae (Business Wire via Yahoo! Finance)
NEW YORK—-Centerline Capital Group , a subsidiary of Centerline Holding Company , an alternative asset manager focused on commercial real estate funds and financing, today announced it closed the last of nine multifamily housing loan transactions.
Briefly: Yale, unlike other universities, will not soon switch to direct gov t. loans (Yale Daily News)
As the credit market tightens, nearly 30 percent of colleges that use commercial government-backed student loans are considering switching to direct government loans in the next academic year, according to a survey of 416 financial aid administrators released Tuesday by Student Lending Analytics. An additional 6.3 percent of colleges have already switched this year, the survey found. But Yale …
European Commission backs loans for carmakers (International Herald Tribune)
The European Commission on Wednesday backed a call by the region’s carmakers for 40 billion in low-interest loans to help develop cars which meet toughening European Union carbon dioxide emissions targets.
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