MCIP

FuelPositive Welcomes Deputy Minister of Agriculture and Agri-Food Canada to Facility in Waterloo and Announces Non-Brokered Private Placement

Retrieved on: 
Thursday, April 4, 2024
Sustainability, Climate change, Government, Farmer, TSX Venture Exchange, Debt, Offering, University, Biophysical environment, GHG, Chairperson, Research, Mental health, Policy, Anxiety, Ontario Agricultural College, Rural development, Quality of life, Central Statistics Office (India), EEStor, RPP, Fertilizer, Suicide, MCIP, Animal, Federal, School, Agriculture

"Deputy Minister Beck recently visited our team at our new facility during her visit to the Kitchener-Waterloo region.

Key Points: 
  • "Deputy Minister Beck recently visited our team at our new facility during her visit to the Kitchener-Waterloo region.
  • Deputy Minister Beck was joined by Alec Nicholls, Director General, Agriculture and Agri-Food Canada, Melissa Reginato, Senior Markets and Trade, Agriculture and Agri-Food Canada and Hadley Carpenter, Regional Director, Agriculture and Agri-Food Canada, who was instrumental in organizing the visit.
  • Our technology embodies the spirit of progress and collaboration and showcases Canada's leadership in pioneering solutions that address pressing global challenges.
  • The governmental visit was a valuable opportunity for the FuelPositive team to engage in meaningful discussions with Deputy Minister Beck.

Housing study: Reported inventories overstate supply of “shovel ready lots” - use it or lose it policies must be informed by facts

Retrieved on: 
Thursday, February 22, 2024
MCIP, Greater Toronto Area, KPEC, BILD, City, Data collection, Interim, Human, PLE, ADU, Region, GTA, Policy, Construction, Interview, RPP, Housing, Water, Civil engineering

Housing completions are also at a 33-year high, underscoring that claims of ‘sitting of supply’ do not match the reality on the ground,” said Justin Sherwood, SVP Communications & Stakeholder Relations at BILD.

Key Points: 
  • Housing completions are also at a 33-year high, underscoring that claims of ‘sitting of supply’ do not match the reality on the ground,” said Justin Sherwood, SVP Communications & Stakeholder Relations at BILD.
  • Based on the goal of achieving 150,000 units per year, this represents only 2.2 years of supply.
  • Claiming 150,000 of additional housing would arise from the conversion of existing housing stock to multiplexes, basement units, and accessory dwelling units (ADU).
  • KPEC’s areas of focus include areas where the fields of land use planning, urban economics and municipal finance overlap with City building.

Freddie Mac Multifamily Issued Over $53 Billion in 2023 Securities

Retrieved on: 
Thursday, January 4, 2024
A-1, Freddie Mac, FMCC, MCIP, Green, Note, Housing, Social, OTCQB, Face, Commercial property

A leading issuer of multifamily securities, Freddie Mac Multifamily settled $33.3 billion in K-Deals®, the company’s signature offering, over the year.

Key Points: 
  • A leading issuer of multifamily securities, Freddie Mac Multifamily settled $33.3 billion in K-Deals®, the company’s signature offering, over the year.
  • “In 2023, Freddie Mac Multifamily delivered on our mission as a steady and consistent issuer in the rental housing market, underscoring our countercyclical role to provide liquidity and stability in the face of headwinds,” said Jason Griest, vice president of Multifamily Securitization for Freddie Mac.
  • In another adaptation to market demand over the past year, Freddie Mac Multifamily issued the first 5-year K-Deal since 2016, closing eight 5-year transactions totaling $5.3 billion in 2023.
  • Freddie Mac has settled $682 billion in Multifamily securities through its K-Deal and various other risk-transfer offerings since the inception of the program in 2009.

Minto Communities creates new vision for former Viscount Bennet High School site

Retrieved on: 
Wednesday, November 15, 2023
Sale, CBE, Calgary Board of Education, MCIP, Partner (business rank), Creativity, City, Marda Loop, Calgary, Social, Master of European Design, Public, Commerce, University of Calgary, Council, Crowchild Trail, RPP, University, Housing, Municipal council, Population growth, Hospital, R. B. Bennett, Minto Group, Mount Royal University, Bed, Oil, Retail, Tourism

Minto Communities is reimagining how 2501 Richmond will continue to serve the community of Richmond Knob Hill for future generations.

Key Points: 
  • Minto Communities is reimagining how 2501 Richmond will continue to serve the community of Richmond Knob Hill for future generations.
  • Redevelopment of the site presents a unique opportunity to deliver enhanced public amenities and housing options that are not currently available in the area.
  • The vision for this site is to incorporate multi-unit residential buildings, with distinctive open green spaces that will connect to the existing community.
  • Minto’s proposed redevelopment plan is based on the belief that diverse and connected places contribute to resilient communities and neighbourhoods.

KBRA Assigns Ratings to Monroe Capital Income Plus Corporation

Retrieved on: 
Thursday, September 7, 2023
Banking, Professional Services, Finance, Sinn Féin Printing & Publishing Company, KBRA, Health care, BDC, MCIP, Kunming High-tech Industrial Development Zone, Screen Media (advertising company), EBITDA, Investment, Corporate services, Business Development Company, Weather, LTV, ESG, RIC, Security (finance), Bank, Telescopic sight

KBRA assigns issuer and senior unsecured debt ratings of BBB- to Monroe Capital Income Plus Corporation ("MCIP" or "the company").

Key Points: 
  • KBRA assigns issuer and senior unsecured debt ratings of BBB- to Monroe Capital Income Plus Corporation ("MCIP" or "the company").
  • MCIP specializes in lower middle market lending (66% of the investment portfolio), or loans considered traditional financing, with average EBITDA of $30 million.
  • The company is managed by Monroe Capital BDC Advisors, LLC, an affiliate of Monroe Capital LLC, which had $17.2 billion of assets under management, as of June 30, 2023.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

KBRA Assigns Preliminary Ratings to Monroe Capital Income Plus ABS Funding II, LLC

Retrieved on: 
Thursday, August 24, 2023
Banking, Professional Services, Finance, KBRA, LTV, ESG, CCC, MCIP, Class, Software, Bank, Telescopic sight

KBRA assigns preliminary ratings to two classes of notes issued by Monroe Capital Income Plus ABS Funding II, LLC (“MCIP II”), a securitization backed by a portfolio of recurring revenue and middle market corporate loans.

Key Points: 
  • KBRA assigns preliminary ratings to two classes of notes issued by Monroe Capital Income Plus ABS Funding II, LLC (“MCIP II”), a securitization backed by a portfolio of recurring revenue and middle market corporate loans.
  • MCIP II is a $251.15 million securitization managed by Monroe BDC Advisors, LLC (“Monroe” or the “Collateral Manager”), an affiliate of Monroe Capital LLC.
  • KBRA’s preliminary ratings on the Class A Notes considers timely payment of interest and ultimate payment of principal by the applicable stated maturity date.
  • KBRA’s preliminary ratings on the Class B considers ultimate payment of interest and ultimate payment of principal by the applicable stated maturity date.

Freddie Mac Brings Greater Diversity and Equity to its Single-Family and Multifamily Credit Risk Transfer Programs

Retrieved on: 
Thursday, January 26, 2023
Transfer, Housing, MBE, CRT, FMCC, Freddie Mac, Aon (company), Public sector, OTCQB, UPB, Aon, MCIP, ACIS, Financial services

“Freddie Mac is committed to the inclusion of qualified, diverse-owned businesses in the sourcing of financial services,” said Mike Reynolds, Freddie Mac vice president of CRT.

Key Points: 
  • “Freddie Mac is committed to the inclusion of qualified, diverse-owned businesses in the sourcing of financial services,” said Mike Reynolds, Freddie Mac vice president of CRT.
  • Freddie Mac’s Single-Family CRT ACIS® (Agency Credit Insurance Structure) program closed three (re)insurance transactions in 2022 placed by Aon as broker and Protecdiv as sub-broker.
  • These included ACIS 2022-SPH3, which closed in November 2022, and ACIS 2022-SPL6 and ACIS 2022-SPL7, which closed in December 2022.
  • Freddie Mac is committed to supporting equity throughout the housing industry,” said Freddie Mac’s Robert Koontz, senior vice president for Multifamily Capital Markets.

Freddie Mac Multifamily Issued $65 Billion in 2022 Securities

Retrieved on: 
Thursday, January 12, 2023
MCIP, Congress, Face, Housing, Social, Freddie Mac, Social impact bond, FMCC, Note, Workforce, OTCQB, Sustainability, Multi, Commercial property

MCLEAN, Va., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) issued $65.1 billion of securities through its Multifamily risk transfer platform in 2022.

Key Points: 
  • MCLEAN, Va., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) issued $65.1 billion of securities through its Multifamily risk transfer platform in 2022.
  • Freddie Mac Multifamily also increased issuance through its Multi PCs® to $11.6 billion, up from $7 billion in 2021, leveraging MSCR Notes and MCIP reinsurance tools for back-end risk transfer.
  • “In the face of turbulent capital markets, Freddie Mac continued to provide a steady issuance of Multifamily securities throughout 2022,” said Robert Koontz, senior vice president of Multifamily Capital Markets for Freddie Mac.
  • Freddie Mac grew its Multi PC issuance from $7 billion in 2021 to a record $11.6 billion in 2022.

KBRA Assigns Preliminary Ratings to Monroe Capital Income Plus ABS Funding, LLC

Retrieved on: 
Wednesday, March 9, 2022
Banking, Professional Services, Insurance, Finance, Credit, Industry, Prospectus, RRL, LTV, Ontario Securities Commission, MCIP, CRA, European Securities and Markets Authority, Jetivia SA v Bilta (UK) Limited (in liquidation), LLC, ESG, U.S. Securities and Exchange Commission, National Association of Insurance Commissioners, KBRA, National Association, Kansas Insurance Commissioner, UK, Clos, Software, Monroe, RRLS ICT Academy, Class, Bank, Security (finance), Technology

KBRA assigns preliminary ratings to three classes of notes issued by Monroe Capital Income Plus ABS Funding, LLC (MCIP 2022-1), a securitization backed by a portfolio of primarily recurring revenue and middle market corporate loans.

Key Points: 
  • KBRA assigns preliminary ratings to three classes of notes issued by Monroe Capital Income Plus ABS Funding, LLC (MCIP 2022-1), a securitization backed by a portfolio of primarily recurring revenue and middle market corporate loans.
  • MCIP 2022-1 is a $425.0 million securitization managed by Monroe Capital BDC Advisors, LLC (Monroe or the Collateral Manager), an affiliate of Monroe Capital LLC.
  • Monroe is an affiliate of Monroe Capital LLC established in 2004, with $12.7 billion of committed and managed capital under management as of Dec. 2021.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Dwight Capital Finances Over $297.8MM in February 2022

Retrieved on: 
Tuesday, March 8, 2022
Commercial Building & Real Estate, Construction & Property, Finance, Urban Planning, Banking, REIT, Professional Services, Other Construction & Property, Residential Building & Real Estate, Baksh, SNF, HUD, FHA, CA, Acquisition, REIT, Capital, MCIP, Bed, Indian Summer (Brooks & Dunn song), Mezzanine, Mortgage insurance, Housing, Real estate, Bank, Bridge

Dwight provided a $60.98MM HUD 221(d)(4) new construction loan for Deer Springs Apartments , a 334-unit proposed apartment community located in Northwest Las Vegas, NV.

Key Points: 
  • Dwight provided a $60.98MM HUD 221(d)(4) new construction loan for Deer Springs Apartments , a 334-unit proposed apartment community located in Northwest Las Vegas, NV.
  • Dwight Capital LLC is one of the largest commercial real estate finance companies in the United States.
  • Dwight Capital is also one of the largest FHA/HUD lenders for multifamily and healthcare properties in the United States and services in excess of $9 billion of commercial real estate loans.
  • For more information about Dwight Capital, please visit: www.dwightcapital.com
    View source version on businesswire.com: https://www.businesswire.com/news/home/20220308005156/en/