Tag Archives: preferred equity
Silo Forges $100M Venture With Private Equity Players
GlobeSt.com – Locally based direct private lender Silo Financial Corp. has formed an alliance with a New York City-based private equity fund to concentrate on non-performing loans, says Silo founder Jonathan Daniel. The fund has earmarked $100 million "for opportunistic […]
GMAC to Receive $6 Billion from Uncle Sam
New York (HedgeCo.Net) – GMAC LLC, the financing arm of struggling U.S. automaker GM, will receive $6 billion from the federal government. The deal entails the treasury purchasing $5 billion in senior preferred equity in the company, while providing GM […]
