Editorial Results (free)
1.
Triumph Adds Bankers, Expands Into Nashville -
Tuesday, March 13, 2018
As its annual meeting approaches, Triumph Bank finds itself in a protracted growth spurt, with activity encompassing everything from a pickup in mortgage activity to the addition of new bankers and an expansion into Nashville.
2.
Last Word: Eureka Education, Confederate Monuments in Court and Dillon Brooks -
Friday, January 26, 2018
Supermarkets are hard. That is the tag line in every discussion about getting a supermarket or grocery store for a given part of town that doesn’t have one. And once a new supermarket goes up somewhere else, there is inevitably word that a competitor or two is going to build nearby. The discussion always includes the mandatory recitation of the 3 to 4 percent profit margin stores operate on, which even knowledgeable critics of the decisions about where to locate and not to locate stores acknowledge is accurate.
3.
Mortgage Market Slows in December, Up 8 Pct. in ’17 -
Tuesday, January 16, 2018
Buoyed in part by solid numbers for 2017, bankers in Memphis like David Umsted are already looking ahead to what they foresee will be another busy year for the mortgage business locally thanks to a mix of underlying strengths for the market.
4.
Spikner Plans Shipping-Container Apartment Complex -
Monday, December 4, 2017
126 N Bellevue Blvd.,
Memphis, TN 38104
Application Date: Dec. 20, 2017
5.
Prologis Continues Selling Spree in Memphis -
Saturday, December 2, 2017
San Francisco-based logistics real estate firm Prologis Inc. is continuing its selling streak in Memphis with the sale of four properties to Denver, Colorado-based Triumph Real Estate Corp. for a combined $11.3 million.
6.
Prologis Continues Selling Spree in Memphis -
Thursday, November 30, 2017
San Francisco-based logistics real estate firm Prologis Inc. is continuing its selling streak in Memphis with the sale of four properties to Denver, Colorado-based Triumph Real Estate Corp. for a combined $11.3 million.
7.
REIT Set to Make Fifth Downtown Memphis Investment -
Tuesday, September 12, 2017
Alpha Residential Trust, a Pittsburgh, Pennsylvania-based real estate investment trust, has entered into an agreement to purchase the 266 Lofts development at the corner of Front Street and Dr. Martin Luther King Jr. Boulevard.
8.
Sharing Their Lessons As Business Owners -
Thursday, August 31, 2017
One of the reasons that Deni and Patrick Reilly’s popular Downtown restaurant The Majestic Grille has endured for 11 years is because of the way they’ve learned to adapt to the limitations of the food business.
9.
Shelby County Mortgage Market Sees 14 Percent Gain in May -
Wednesday, June 14, 2017
Sam Goff, vice president of Independent Bank’s mortgage division, got two new contracts in place for homebuyers over the weekend, which gave him an upbeat start to the week.
10.
'War' on Blight -
Friday, May 19, 2017
Attorney Steve Barlow has been working on blight issues for 20 years, which is to say he’s been working for two decades almost exclusively on the maze of rules, regulations and procedures that make blight possible and sustainable.
11.
Last Word: MATA and the TBI, Fieldstone Gets Bigger and Wedge Bills -
Tuesday, February 14, 2017
Since Gannett bought The Commercial Appeal there has been a lot of speculation about what would remain of the Memphis operation in a newspaper chain known for consolidating not just in-house parts of the publishing process but the reporting side too. The biggest question in the air was the fate of the large printing presses at the CA. And Monday evening, there was an answer.
12.
Mortgage Market Shows Strength In January -
Friday, February 10, 2017
2017 may be another busy stretch for mortgage bankers in Shelby County, if the atypically busy start to the year is any indication.
Purchase mortgage volume came out of the gate strong in January, rising 28 percent to a little more than $112 million compared with $87.4 million in the year-ago period, according to the latest figures from real estate information company Chandler Reports, chandlerreports.com.
13.
Adjustable-Rate Loans See Resurgence -
Thursday, July 21, 2016
A loan product that loomed large during the financial crisis of 2007-08 is making something of a return to the local mortgage lending landscape, new data show.
The number of conventional adjustable-rate loans made to Shelby County borrowers so far this year has approached levels not seen since the housing bust, according to figures from real estate information company Chandler Reports, www.chandlerreports.com. Through the first half of 2016, 114 of those so-called ARMs have been recorded at the time of sale, up 2,750 percent from the first half of 2015.
14.
Work Begins On Brewery Development -
Thursday, February 25, 2016
502 Tennessee St.
Memphis, TN 38103
Permit Amount: $4.5 million
Application Date: Feb. 18, 2016
Tenant: Brewery Master Tenant LLC
Architect: LRK Architects
Contractor: Montgomery Martin Contractors
15.
Triumph Bank Names Chief Banking Officer -
Saturday, January 23, 2016
Triumph Bank has tapped Britin “Brit” Boatright as executive vice president and chief banking officer.
16.
Triumph Bank Names Chief Banking Officer -
Wednesday, January 20, 2016
Triumph Bank has tapped Britin “Brit” Boatright as executive vice president and chief banking officer.
17.
Memphis Banking Officials Brace for Changes In New Year -
Tuesday, December 29, 2015
As he chatted about the Memphis banking market with a few guests in a conference room at his bank’s headquarters on Quail Hollow Road back in 2010, Magna Bank chairman, president and CEO Kirk Bailey looked into the future and imagined how local mergers must surely be on the way.
18.
State Systems Inc. Buys New HQ -
Thursday, October 29, 2015
One of the Economic Development Growth Engine’s latest payment-in-lieu-of-taxes recipients is expanding its market footprint and real estate holdings with the recent purchase of seven Memphis properties.
19.
Mortgage Market Up 9 Percent in April -
Friday, May 8, 2015
Triumph Bank found itself at the end of April with a second straight record-breaking month for its mortgage division, with Triumph Mortgage having funded more units and loan volume in the month than during any other in the bank’s history.
20.
Pinnacle CEO Talks Memphis Plans in Wake of Acquisition -
Tuesday, May 5, 2015
Flush from its newly announced acquisition of Magna Bank and the hire of a team from First Tennessee Bank, the newest entrant into the Memphis banking market already is looking down the road, planning more hires and a careful expansion of Magna’s existing footprint.
21.
Shelby County Mortgage Market Grows 23 Percent in March -
Friday, April 10, 2015
The last month of the first quarter showcased a Shelby County mortgage market with abundant vitality, including evidence that plenty of demand exists among buyers eager to sign on the dotted line.
Mortgage volume countywide grew 23 percent in March compared to the same month a year ago, according to real estate information company Chandler Reports, www.chandlerreports.com. Year over year, volume last month rose to a little more than $126 million, up from $103.1 million in March 2014, and lenders say continued low rates are one reason why.
22.
Shelby County Mortgage Market Sees Improvement -
Tuesday, January 27, 2015
The mortgage market in Shelby County ended 2014 in a slighter better position than where it stood in 2013.
Banks and mortgage lenders made 8,471 purchase mortgages in Shelby County during 2014, up 2 percent from the 8,301 mortgages during 2013, according to the latest data from real estate information company Chandler Reports,www.chandlerreports.com.
23.
November Mortgage Volume Drops 14 Percent -
Thursday, December 11, 2014
Looking at results from last month might suggest mortgage industry professionals are in the midst of a yearend slowdown, with phones not ringing quite as much as a result of interested buyers at the moment.
24.
Shelby County Mortgage Volume Up 2 Percent -
Wednesday, November 12, 2014
When Patriot Bank executive vice president Keith Barger surveys the local mortgage lending landscape, he sees demand improving and homebuyers increasingly flocking – successfully – to bargains in the housing market.
25.
Real Estate Experts Look at Impact of North Mississippi -
Tuesday, September 30, 2014
Six years after the real estate bubble burst nationally, the recovery of the commercial and residential sectors in Memphis is slower than in other parts of the country. But they are recovering on their own new terms, say the incoming president of the Memphis Area Association of Realtors, the president of the West Tennessee Home Builders Association and a mortgage lender.
26.
Shelby County Mortgage Market Sees Modest Gain -
Tuesday, July 15, 2014
Shelby County mortgage lenders share a few common trends at the moment, as the area’s mortgage market begins to shake off the wintry chill of the first quarter.
Many of them report robust purchase mortgage activity, as refinances plummet to small fractions of their business. As a result of the demand, many of those lenders also have been adding mortgage officers to their ranks and plan to continue doing so.
27.
Mortgage Market Up 8 Percent in April -
Thursday, May 8, 2014
Sam Goff, a senior loan originator at Independent Bank, announced in a post to his Facebook followers last month that mortgage rates were at one point about as low as they’d been in 2014 so far.
28.
Events -
Saturday, February 8, 2014
Memphis Botanic Garden will host the Green Your Home Winter Plant Sale Friday, Feb. 7, and Saturday, Feb. 8, from 9 a.m. to 5 p.m. at the garden, 750 Cherry Road. The sale will feature house plants, custom potting, terrariums and garden gift items. Admission is free. Visit memphisbotanicgarden.com.
29.
Mortgage Market Grows 3 Percent in 2013 -
Tuesday, January 14, 2014
The mortgage market in Shelby County ended 2013 with a modest improvement over 2012, with signs pointing to more advances in 2014.
Banks and mortgage lenders made 8,298 purchase mortgages in Shelby County during 2013, a 3 percent improvement from the 8,027 mortgages during 2012, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.
30.
Hotel REIT Transfers 3 Germantown Properties -
Tuesday, October 29, 2013
7750 Wolf River Parkway Germantown, TN 38138
9314 Poplar Pike Germantown, TN 38138
9320 Poplar Pike Germantown, TN 38138
31.
Shelby County Mortgage Market Jumps 23 Percent -
Monday, September 16, 2013
Bank of Bartlett’s mortgage company saw an uptick in mortgage volume in August compared to the same month in 2012, and the bank’s vice president said he expects demand from borrowers to persist and home prices to keep trending higher.
32.
Henry Turley Co. Files Permits for South Junction -
Tuesday, August 27, 2013
727 E. Mann Circle; 726. E. Mann Circle; 725 W. Mann Circle; 35 W. Georgia Ave.; 649 Florida St.; 18 W. Carolina Ave.; 9 E. Carolina Ave.
Memphis, TN 38103
Permit Costs: $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.5 million; $1.4 million
33.
Raleigh Court Townhomes Sell for $1.4 Million -
Thursday, August 22, 2013
The 59-unit Raleigh Court Townhomes at 4230 Powers Road in Raleigh has sold for $1.4 million.
BSJW Real Estate Holdings GP bought the 43-year-old property in a July 22 warranty deed from Raleigh Court Townhomes LLC, which had acquired the property in 2004 for $1.9 million.
34.
Mortgage Market Rises 22 Percent in July -
Wednesday, August 14, 2013
The month of July may help buoy expectations among optimistic participants in the mortgage industry that a housing recovery is taking hold in Shelby County.
Mortgage volume for the month was up almost 22 percent in July, climbing to almost $173 million last month from $142.2 million in July 2012, according to real estate information company Chandler Reports, www.chandlerreports.com.
35.
Capital Requirement -
Saturday, April 27, 2013
In early April, U.S. Sen. Bob Corker, R-Tenn., joined a handful of other senators in drafting a letter in part about new rules of the road governing bank capital requirements.
That letter was sent to Federal Reserve Gov. Daniel Tarullo, Comptroller of the Currency Thomas Curry and Federal Deposit Insurance Corp. Chairman Martin Gruenberg.
36.
Economic Development Through Entrepreneurism -
Wednesday, February 6, 2013
Last week we visited downtown Las Vegas to tour and learn more about what Zappos founder Tony Hsieh is doing to stimulate entrepreneurial activity and urban revitalization through his Downtown Project initiative. Hsieh is personally investing $350 million to transform downtown Las Vegas into the most community-focused large city in the world in less than five years.
37.
CashSaver Trades Hands for $3.2 Million -
Friday, December 28, 2012
The CashSaver in Midtown has traded hands.
Kansas City, Kan.-based Super Market Developers Inc. bought the 69,017-square-foot building at 1620 Madison Ave. at Avalon Street from 1620 Madison LLC for $3.2 million. Fred Monks III, president/chief manager of 1620 Madison LLC, signed the special warranty deed.
38.
I-Bank Tower on Poplar Sells for $14.4 Million -
Tuesday, October 30, 2012
5050 Poplar Ave. Memphis, TN 38117
Sale Amount: $14.4 million
Sale Date: Sept. 14, 2012
39.
Dodd-Frank Could Have ‘Dire Impact’ On Economy -
Monday, June 11, 2012
As banks nationwide are feeling the pressure of regulatory change like the Dodd-Frank Wall Street Reform and Consumer Protection Act, commercial real estate lending standards by community banks will likely remain stringent for the foreseeable future.
40.
Mortgages Up 10 Pct. in April -
Wednesday, May 9, 2012
T.S. Eliot described April as “the cruelest month” in his classic poem “The Waste Land” – but for Shelby County’s mortgage market, April turned out to be a bit more positive than that.
41.
Events -
Thursday, May 3, 2012
The Mid-South Area Business Travel Association will host a behind-the-scenes tour of Memphis International Airport Thursday, May 3, from 11:30 a.m. to 1:15 p.m. at the airport project center, 4225 Airways Blvd. Cost is $25 for MSABTA members and $40 for nonmembers. Register at msabta.org.
42.
Drop in Bankruptcies Belies Economic Picture -
Friday, January 20, 2012
Although the total number of bankruptcies filed in Shelby County has slowly declined over the last three years, attorney Joseph Townsend with Fullen & Townsend Attorneys said fewer filings aren’t necessarily a sign that the economy is on the upswing.
43.
Magna Bank Leads County’s SBA Lenders -
Wednesday, November 30, 2011
Memphis-based Magna Bank was the top Small Business Administration lender in Shelby County and among the top SBA lenders statewide for the 12 months ended Sept. 30, according to the SBA’s Tennessee District Office.
44.
Preserve at Southwind Apts. Sell for $22.2 Million -
Tuesday, October 25, 2011
7991 Capilano Drive
Memphis, TN 38125
Sale Amount: $22.2 million
Sale Date: Oct. 12, 2011
45.
Data Show Banks’ Q2 Health -
Monday, August 15, 2011
Memphis-area banks are keeping their small-business lending activity relatively stable. Their consumer loans have risen slightly, and they’re reserving a lot less money to cover the cost of losses in their loan portfolios.
46.
Former French Village Apts. Sell for $2.8 Million -
Tuesday, July 12, 2011
4055 Summer Ave.
Memphis, TN 38122
Sale Amount: $2.8 million
Sale Date: June 30, 2011
47.
New York Investor Buys Sharky's, Shopping Ctr. Sites -
Monday, July 11, 2011
Aaron Muschel, a New York real estate investor, has bought Goodlett Commons shopping center and the Sharky’s Gulf Grill site on Poplar Avenue in separate transactions within days of each other for a total $4.5 million.
48.
Shelby County Files 1,408 Loans in May -
Wednesday, June 8, 2011
There were 1,408 loans filed in Shelby County in May totaling $216.7 million, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com, a part of The Daily News Publishing Co.
49.
5000 E. Raines Warehouse Sells in Foreclosure for $7.7M -
Monday, May 30, 2011
5000 E. Raines Road
Memphis, TN 38118
Sale Amount: $7.7 million
Sale Date: May 13, 2011
Buyer: GECMC 2003-C2 5000 Raines Road LLC
Seller: R. Hunter Humphreys, substitute trustee
Orig. Borrower: 5000 East Raines Partnership
Orig. Lender: Bank of America NA
Orig. Loan Amount: $19 million
Orig. Loan Date: May 1, 2003
Orig. Maturity: June 1, 2013
Details: A 1.1 million-square-foot warehouse at 5000 E. Raines Road has sold at a foreclosure sale for $7.7 million. GECMC 2003-C2 5000 Raines Road LLC bought the property at the May 13 sale.
50.
Halperin Helps Shape Boyle’s Presence -
Monday, May 30, 2011
Mark Halperin and the office tenants he represents have one thing in common – longevity.
Upon graduating from the University of Tennessee with a bachelor’s degree in accounting and real estate, he moved back to Memphis and landed his first job at Boyle Investment Co. Little did he know that it would turn into a lifelong career.
51.
FDIC: Banks Inch to Profitability -
Monday, May 30, 2011
In the first three months of 2011, Tennessee’s banking industry shed workers, got smaller and reported surging profits.
That’s according to newly released figures from the Federal Deposit Insurance Corp., which show that almost 60 percent, or 107, of Tennessee’s 190 federally insured banks reported a pickup in earnings in the first quarter.
52.
Triumph Bank Buys Arlington Bank Site -
Tuesday, May 24, 2011
Triumph Bank has bought a 3,179-square-foot bank building at 5810 Airline Road in Arlington from The Farmers Bank of Lynchburg, Tenn., for $1.1 million.
53.
Triumph Bank Announces Staff Addition, Promotions -
Tuesday, May 3, 2011
Triumph Bank has added staff to accommodate its growth partly due to the recent purchase of Arlington Community Bank (now Triumph Bank, Arlington Office).
54.
Infinity Real Estate Buys Office Building for $1.2 Million -
Tuesday, March 8, 2011
5100 Sanderlin Ave.
Memphis, TN 38117
Sale Amount: $1.2 million
Sale Date: Feb. 16, 2011
Buyer: Infinity Real Estate LLC
Seller: Blanchard E. Tual, successor trustee of the Don Wallace Morgan Family Trust created under the last will and testament of Don Wallace Morgan dated Dec. 8, 2003, and Mary Katherine Fouts and Douglas A. Garner, co-trustees of the Fouts Estate Family Trust created under the last will and testament of Jimmie Darrell Fouts dated June 15, 2005
Loan Amount: $1.3 million
Loan Date: Feb. 16, 2011
Maturity Date: Feb. 16, 2026
Lender: First Tennessee Bank NA
55.
Most Memphis Banks Report Profitable Year -
Tuesday, March 8, 2011
The Memphis banking market had a strong 2010, with 75 percent of the roughly two dozen banks headquartered here showing a profit for the year, according to data from the Federal Reserve Bank of St. Louis.
56.
Mt. Zion Upgrades to Larger Church in Frayser -
Friday, February 18, 2011
Two Memphis area churches have closed on a deal that’s been in the pipeline for about a year and a half.
Mt. Zion Baptist Church, 1280 Stonewall St., bought the 36,000-square-foot church at 1621 Dellwood Ave. in Frayser from Schoolfield United Methodist Church Inc. for $500,000.
57.
Mortgages Drop 11 Percent in 2010 -
Tuesday, January 11, 2011
Banks and mortgage lenders made 7,493 purchase mortgages in Shelby County during 2010, a year in which the housing market saw the expiration of a homebuyer tax credit but was helped by continued record-low rates.
58.
Triumph Bank Adds New Board Members -
Tuesday, October 19, 2010
Triumph Bank has announced two additions to its board of directors – Dr. Joseph Mirabile, president of Mirabile Investment Corp., and Jason Crews, founder of Crews Realty.
59.
Mortgages Plummet 24 Percent -
Tuesday, October 12, 2010
If the quarterly period between July and September had been a normal one for the local housing market – or even one characterized by recovery – homebuyers should have been lining up to take advantage of plummeting mortgage rates.
60.
Galloway Gardens Apartments Sells for $1.1 Million -
Tuesday, September 7, 2010
1565 Galloway Ave.
Memphis, TN 38112
Sale Amount: $1.1 Million
Sale Date: Aug. 27, 2010
Buyer: Galloway Gardens LLC
Seller: Steve Benetti and Virginia Benetti
Loan Amounts: $200,000; $200,000; $916,937 (assumption)
Loan Date: Aug. 27, 2010
Maturity Dates: Aug. 27, 2011 ($200,000); Sept. 15, 2015 ($200,000); Sept. 10, 2013 ($916,937)
Lender: Regions Bank
61.
Winchester Road Apts. Financed for $1.2 Million -
Friday, September 3, 2010
An apartment complex on Winchester Road that was sold at a June foreclosure sale has been financed for $1.2 million.
Saddle Vineyards LP financed the property at 3752 Winchester Road through Triumph Bank.
62.
Triumph Lives Up to Name With Q2 Earnings -
Monday, August 9, 2010
Profits down. Money set aside for bad loans on the rise. Outlook uncertain.
Those are some of most frequent themes of recent quarterly earnings announcements from local and national banks as they struggle to recover from the worst recession and operating environment in generations.
63.
Pinebrook Pointe Gets Speedy Makeover -
Monday, February 8, 2010
The new owner of the Pinebrook Pointe Apartments at 3541 Mediterranean Drive didn’t waste any time with plans to rejuvenate the property.
64.
Bonus Comeback: Bailout, Lobbying Boost Bank Pay -
Friday, January 15, 2010
NEW YORK (AP) - The fat cats were supposed to get their comeuppance.
After Wall Street's most prominent firms – by their own admission – helped cause the 2008 financial meltdown and got bailed out by the government, they were supposed to stop handing out million-dollar bonuses to their employees. No one was supposed to get seven- and eight-figure rewards, not after the Great Recession left one in 10 Americans unemployed. Not after President Barack Obama – who on Thursday called such pay "obscene" – had promised to clamp down on lavish bonuses.
65.
French Quarter’s Original Owners Buy Back Property -
Monday, December 7, 2009
The French Quarter Suites Hotel has come full circle, as the group that originally owned the property in the 1980s reacquired it last month for $1.5 million.
FQI LLC, a limited liability company whose chief manager is Ronald L. Kirkpatrick, bought the shuttered hotel at 2144 Madison Ave. from three sellers – Lodgian Memphis Property Owner LLC, Horace and Ann Proctor, and Martha D. Sutton – in three separate warranty deeds all dated in November.
66.
Hot Flavor: Plain Vanilla -
Friday, July 17, 2009
The Federal Reserve Bank of San Francisco in April reached an agreement with a bank holding company there limiting its activities in several areas, including the payment of dividends.
67.
Banking Community Awaits More Scrutiny From Washington -
Monday, July 6, 2009
Lawmakers in Washington are talking about new rules for a broad swath of financial companies and their transactions with customers.
Memphis bankers such as Hunt Campbell, president and CEO of First Alliance Bank, and Will Chase, CEO of Triumph Bank, are leery about what they’ll come up with. Both men regard the Washington establishment’s general response to new wrinkles in the credit crisis as regulatory overreach.
68.
Commercial Sales: Nowhere to Go But Up -
Monday, June 1, 2009
Shelby County’s commercial lending landscape remained bleak in April as activity fell for the fifth time in the past six months.
Just 24 commercial loans were made last month, a 36.8 percent decline from 38 loans in April 2008 and a 22.6 percent decline from 31 loans in March, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com. (Data for this report include only commercial mortgages taken at the time of sale and not refinancings.)
69.
Bankers, Politicians Discuss State Of Industry -
Wednesday, February 25, 2009
By the end of this month, small groups of bankers, homebuilders and Realtors will have taken turns trekking to Legislative Plaza in Nashville. They all will have faced a legislative committee whose chairman, Germantown resident Paul Stanley, wanted to hear them answer a basic question, each in their own way:
70.
Commercial Mortgages Down 41 Percent From ‘07 -
Monday, December 1, 2008
Tom Portis was surprised to hear that BancorpSouth Bank ranked as the top commercial mortgage lender in Shelby County for October, especially in light of its competition in this market.
71.
Brinkley Heights Ministries To Expand Academy -
Tuesday, April 8, 2008
3277 Macon Road
Memphis, TN 38122
Permit Cost: $2.4 million
Project Cost: $2.4 million
Permit Date: Applied March 2008
72.
77 Acres in ArlingtonSell for $2.3 Million -
Monday, March 31, 2008
Rick Spell has bought 77 acres at Summers Road and Interstate 40 in Arlington for $2.3 million, adding to the land he already owns there. Operating as R.A. Spell Family LP, he bought the property from Commercial Ventures73.
Methodist's Marshall to Serve On American Heart Association Board -
Wednesday, September 5, 2007
Barry S. Marshall, administrator of Clinical Business Development and Cardiovascular Service Line at Methodist University Hospital, has been named to a three-year term on the board of directors of the Shelby County Division of the American Heart Association. Marshall joined Methodist in 2004 as the director of the Transplant Institute at Methodist University Hospital.
74.
Archived Article -
Tuesday, October 24, 2006
6105 Apple Tree Drive
Memphis, TN 38115
Sale Amount: $2.5 million
Sale Date: Oct. 2, 2006
Buyer: AMS Memphis 1 Investments LLC
75.
Archived Article -
Tuesday, October 10, 2006
One lot in
I-40 Business Center
Loan Amount: $4.5 million
Loan Date: Sept. 28, 2006
Maturity Date: March 28, 2008