Saturday, 23 May 2015
Last updated 21 hours ago
Jul 25 2008 | 12:20pm ET
The Blackstone Group has teamed up with a Florida mortgage servicer to make its subprime investment plan a reality.
The private equity giant has set aside some $1.25 billion to buy troubled loans in partnership with Coral Gables-based Bayview Financial, the New York Post reports. Under the deal, Bayview will find the distressed loans and renegotiate their terms, allowing Blackstone to securitize them.
Bayview has already used some 40% of Blackstone’s capital, the Post says.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…