ILPA And CLA Partner To Promote Innovative Lending Practices For Small Businesses In The U.S. And Canada

ILPA And CLA Partner To Promote Innovative Lending Practices For Small Businesses In The U.S. And Canada

PR Newswire

WASHINGTON, and TORONTO, Aug. 21, 2017 /PRNewswire/ – The Innovative Lending Platform Association (ILPA) and the Canadian Lenders Association (CLA) today announced a partnership to support innovative services and access to capital for small businesses in the United States and Canada. 

Based in Washington, D.C., the ILPA is the leading U.S. trade organization representing a diverse group of online lending and service companies serving small businesses. United by a shared commitment to the health and success of small businesses, the ILPA and its members are dedicated to advancing best practices and standards that support responsible innovation and access to capital for small businesses. 

Based in Toronto, the CLA supports the growth of companies in the Canadian market that are in the business of lending, and providing other means of credit, to small businesses and individuals, by providing its members with tools to innovate and to foster safe and ethical lending practices.

The first priority of the two organizations is to adapt The SMART Box™, the ILPA’s small business model pricing disclosure, to the Canadian market. The SMART Box focuses on empowering small businesses to better assess and compare finance options. The CLA will make this standard available to its members. 

“The CLA is committed to bringing innovative and responsible solutions to small businesses and individuals throughout Canada,” said Gary Schwartz, President of the CLA. “We believe that cross-border partnerships with industry thought-leaders like the ILPA will increase the awareness and adoption of innovative digital lending platforms in Canada.”

“We are excited about this opportunity to expand ILPA’s mission. We will work closely with the CLA to advance best practices and standards to support responsible innovation and access to capital for small businesses in the Canadian market,” said Chris Walters, Executive Director of the ILPA.

The SMART Box is a first-of-its-kind model pricing disclosure and comparison tool launched by the ILPA in partnership with the Association for Enterprise Opportunity (AEO), the leading advocate for microbusiness in the United States. The SMART Box was created in response to a need for common verbiage and standardization in pricing disclosure in small business finance. It includes clear and consistent pricing metrics, metric calculations, and metric explanations to help small businesses understand and assess the costs of their small business finance options. The SMART Box was developed in consultation with key small business stakeholders, including lending platforms, policymakers, not-for-profit organizations, small business owners, and small business advocates. It is available for broader adoption by lending platforms. More details can be found at: www.innovativelending.org/smart-box/

About the Canadian Lenders Association

The Canadian Lenders Association (CLA) supports the growth of companies in the Canadian market that are in the business of lending, or providing other means of credit, to small businesses and individuals by non-conventional or innovative means to exchange ideas and explore ways of improving the sector;  encourage principled and professional practices by innovative lenders; educate the public at large about innovative lending;  encourage individual potential borrowers to be informed about the appropriateness of innovative lending to the borrowers’ circumstance; and to advocate on behalf of, and represent the interests of innovative lenders: www.cla-apc.org

About the ILPA 

The Innovative Lending Platform Association (ILPA) is a leading trade organization representing a diverse group of online lending and service companies serving small businesses. United by a shared commitment to the health and success of small businesses in America, the ILPA is dedicated to advancing best practices and standards that support responsible innovation and access to capital for small businesses. The ILPA, in partnership with the Association for Enterprise Opportunity, launched a model small business pricing disclosure called SMART (Straightforward Metrics around Rate and Total cost) Box. The SMART Box™ is focused on empowering small businesses to better assess and compare finance options. Additional information about the ILPA and the SMART Box initiative are available at: www.innovativelending.org

View original content:http://www.prnewswire.com/news-releases/ilpa-and-cla-partner-to-promote-innovative-lending-practices-for-small-businesses-in-the-us-and-canada-300506857.html

SOURCE Innovative Lending Platform Association

ILPA and CLA Partner to Promote Innovative Lending Practices for Small Businesses in the U.S. and Canada

ILPA and CLA Partner to Promote Innovative Lending Practices for Small Businesses in the U.S. and Canada

Canada NewsWire

WASHINGTON, D.C. AND TORONTO, Aug. 21, 2017 /CNW Telbec/ – The Innovative Lending Platform Association (ILPA) and the Canadian Lenders Association (CLA) today announced a partnership to support innovative services and access to capital for small businesses in the United States and Canada. 

Based in Washington, D.C., the ILPA is the leading U.S. trade organization representing a diverse group of online lending and service companies serving small businesses. United by a shared commitment to the health and success of small businesses, the ILPA and its members are dedicated to advancing best practices and standards that support responsible innovation and access to capital for small businesses. 

Based in Toronto, the CLA supports the growth of companies in the Canadian market that are in the business of lending, and providing other means of credit, to small businesses and individuals, by providing its members with tools to innovate and to foster safe and ethical lending practices.

The first priority of the two organizations is to adapt The SMART Box™, the ILPA’s small business model pricing disclosure, to the Canadian market. The SMART Box focuses on empowering small businesses to better assess and compare finance options. The CLA will make this standard available to its members. 

“The CLA is committed to bringing innovative and responsible solutions to small businesses and individuals throughout Canada,” said Gary Schwartz, President of the CLA. “We believe that cross-border partnerships with industry thought-leaders like the ILPA will increase the awareness and adoption of innovative digital lending platforms in Canada.”

“We are excited about this opportunity to expand ILPA’s mission. We will work closely with the CLA to advance best practices and standards to support responsible innovation and access to capital for small businesses in the Canadian market,” said Chris Walters, Executive Director of the ILPA.

The SMART Box is a first-of-its-kind model pricing disclosure and comparison tool launched by the ILPA in partnership with the Association for Enterprise Opportunity (AEO), the leading advocate for microbusiness in the United States. The SMART Box was created in response to a need for common verbiage and standardization in pricing disclosure in small business finance. It includes clear and consistent pricing metrics, metric calculations, and metric explanations to help small businesses understand and assess the costs of their small business finance options. The SMART Box was developed in consultation with key small business stakeholders, including lending platforms, policymakers, not-for-profit organizations, small business owners, and small business advocates. It is available for broader adoption by lending platforms. More details can be found at: www.innovativelending.org/smart-box/

About the Canadian Lenders Association

The Canadian Lenders Association (CLA) supports the growth of companies in the Canadian market that are in the business of lending, or providing other means of credit, to small businesses and individuals by non-conventional or innovative means to exchange ideas and explore ways of improving the sector;  encourage principled and professional practices by innovative lenders; educate the public at large about innovative lending;  encourage individual potential borrowers to be informed about the appropriateness of innovative lending to the borrowers’ circumstance; and to advocate on behalf of, and represent the interests of innovative lenders: www.cla-apc.org

About the ILPA 

The Innovative Lending Platform Association (ILPA) is a leading trade organization representing a diverse group of online lending and service companies serving small businesses. United by a shared commitment to the health and success of small businesses in America, the ILPA is dedicated to advancing best practices and standards that support responsible innovation and access to capital for small businesses. The ILPA, in partnership with the Association for Enterprise Opportunity, launched a model small business pricing disclosure called SMART (Straightforward Metrics around Rate and Total cost) Box. The SMART Box™ is focused on empowering small businesses to better assess and compare finance options. Additional information about the ILPA and the SMART Box initiative are available at: www.innovativelending.org

 

SOURCE Innovative Lending Platform Association (ILPA)

View original content: http://www.newswire.ca/en/releases/archive/August2017/21/c2725.html

Brennan And Arch Street Form Fifth Joint Venture To Acquire Industrial Properties

Logo

Brennan And Arch Street Form Fifth Joint Venture To Acquire Industrial Properties

– Venture closes on two acquisitions in its new JV, totaling 900,000 square feet

– The Venture has $300,000,000 in purchasing capacity

PR Newswire

CHICAGO, Aug. 21, 2017/PRNewswire/ – Brennan Investment Group (“Brennan”), a U.S. based real estate firm, and a client of Arch Street Capital Advisors, LLC (“Arch Street”), a Greenwich, Connecticut based real estate investment advisory firm, have announced the formation of a fifth joint venture to acquire, own and manage a substantial portfolio of industrial properties throughout the United States. The venture will focus on acquiring individual industrial assets in major markets in the United States that are critical facilities to tenants and leased on a long-term basis. In conjunction with the formation of the Brennan/Arch Street venture, Goldman Sachs provided the venture with a financing line of credit facility to enhance the venture’s efficiency in closing both portfolio and individual asset purchases.

Brennan Investment Group Logo (PRNewsFoto/Brennan Investment Group)

The new venture has already purchased nearly 900,000 square feet of industrial real estate in Dallas, Charlotte, and Green Bay.

Over the past five years, Brennan and Arch Street have collectively acquired 77 properties comprising over 12 million square feet in the single-tenant, net lease sector. The venture seeks to build on the partners’ prior success in the sector.       

“We are excited to launch this venture at a time when we see opportunities to invest in mission critical facilities throughout the country,” said Michael Brennan, Chairman and Managing Principal of Brennan Investment Group. “The United States industrial market is very strong, and will likely exhibit healthy fundamentals for a long time.”

Anup Patel, President and Chief Investment Officer of Arch Street Capital Advisors, commented, “We look forward to continuing our long-standing partnership with Brennan Investment Group, and establishing our fifth platform that will strategically acquire net-leased mission critical industrial assets.”

Brennan and Arch Street continue to seek net leased industrial investments meeting the following criteria:

(i)  
location in the top 100 U.S. markets,

(ii)  
remaining lease term of at least 10 years,

(iii)  
non-investment grade credits,

(iv)  
significant facility investment by the tenant, and

(v)  
all industrial facility types, including manufacturing, assembly, R&D and distribution.



About Brennan Investment Group

Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired over $3 billion in industrial real estate. The company’s current portfolio spans 23 states and encompasses over 28 million square feet.

Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The firm’s management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada and Europe.

For more information on Brennan Investment Group, go to

brennanllc.com


.



About Arch Street Capital Advisors

Arch Street Capital Advisors, L.L.C. is a full service real estate investment and advisory firm formed in 2003.  The firm specializes in advising international investors on their U.S. real estate strategies and has advised clients on more than $6.0 billion of transactions. Arch Street actively manages a diverse portfolio of investments on behalf of our clients spanning multiple real estate sectors and risk-return profiles. Arch Street has significant experience in the office, multi-family, industrial, retail, hospitality, student housing, healthcare, single-family residential, land entitlement, and development sectors.

For more information please visit

www.archstreetcapital.com


.


   

ASCA Logo

View original content with multimedia:http://www.prnewswire.com/news-releases/brennan-and-arch-street-form-fifth-joint-venture-to-acquire-industrial-properties-300506587.html

SOURCE Brennan Investment Group