Plaza Centro 1 shopping center, owner MJS Caguas Limited Partnership, faces a $24.6 million collection and foreclosure lawsuit from U.S. Bank National Association, filed last week in the Caguas Superior Court. The lawsuit corresponds to an outstanding $28 million loan originated by Canadian Imperial Bank of Commerce in January 2011. The loan is payable on […]
The U.S. Small Business Administration’s Paycheck Protection Program has approved $283.8 million in loans in Puerto Rico and another $171.2 million in the US Virgin Islands through the week of Feb. 15, it confirmed in a report. The second round of funding began on Jan. 11, and so far, participating local credit unions and banks […]
Acrecent Financial Corp. announced it partnered with BluHaus Capital, Puerto Rico Fund for Growth, and Farragut Capital Partners to extend a $13 million bridge loan to Puerto Rico Hospital Supply. Since its founding in 2004 Acrecent has consistently made credit accessible to small- and mid-sized enterprises (SMEs) — at times against challenging backdrops including the […]
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