The Patriot Group Provides Senior Debt Facility for Investment Evolutions Amazing Loans Australian Subsidiary

Palm Beach, FL (PRWEB) June 29, 2012

The Specialty Finance Group, LLC acted as financial advisor in arranging a senior debt facility for its client, Investment Evolution Global Corporation, it was announced today by Richard Benson, President of the Specialty Finance Group. The Senior Debt Facility was provided by The Patriot Group.

Patriot really stepped up on this transaction, Benson said. This facility will invigorate the existing very profitable lending platform in Australia that has solid loan performance history. However, both Patriot and Investment Evolution required patience with cross-border legal systems, and added due diligence for a transaction half way around the globe. In the end, both firms can make significant income by helping the Australian consumer gain access to small loans done in a manner that is in full compliance with a very highly-regulated lending environment.

Richard Benson at Specialty Finance Group was highly skilled, flexible and patient in sourcing a leading USA group to fund our Australian operations in the middle of the worst financing conditions since the great depression, said Paul Mathieson, CEO and Founder of Investment Evolution Global Corporation. We are excited to be backed by the specialist expert team at Patriot Group. Obtaining the Patriot debt facility, funded from a firm located in the global hub of receivable based funding (Connecticut, USA), is a strong endorsement of the IEGC business model and management team.

About Investment Evolution Global Corporation

The Investment Evolution Global group of companies (IEG) is a market leader in the consumer finance industry. IEG operates two major lending brands via its branch network Mr. Amazing Loans in USA and Amazing Loans in Australia. IEG specializes in $ 2,000 – $ 10,000, 3 – 5 year unsecured personal loans and has provided over $ 47.5 million in loans to 12,500+ customers since inception. Founded by Paul Mathieson in Australia in February 2005, IEG is now expanding rapidly across the USA obtaining state consumer lending licenses and opening offices in Nevada, Arizona, Illinois and Florida. The group plans to expand its USA branch network in 2013/2014 to include New York, New Jersey, Texas and California. For additional information, please visit our website at http://www.investmentevolution.com or give us a call at 702-227-5626.

About Patriot Group, LLC

The Patriot Group, LLC is an asset-backed lender that provides flexible lending solutions to fulfill the capital demands of underserved clients not typically accommodated by traditional banks. Through the experience and integrity of its team and the quality and depth of its process, Patriot strives to be a capital lender at the highest caliber. Since inception in 2002, Patriot has originated over $ 500 million in asset-backed loans. The Patriot Group specializes in collateralized lending markets including, but not limited to, direct and lender finance loans. Patriot offers a combination of proven asset-backed lending expertise with a variety of transaction structures, which enables them to be flexible and execute quickly on the specific needs of their borrowers. The firm is headquartered in Darien, Connecticut. For additional information, please visit http://www.patriotgp.com or call 203-852-6000.

About Specialty Finance Group, LLC

The Specialty Finance Group, LLC is a FINRA broker dealer that specializes in finding finance companies equity, subordinated debt, senior credit and strategic partners. The firm only works with top tier institutional investors and takes pride in finding the right financing partner for its clients. For more information see (http://www.sfgroup.org) or call 800-860-2907.







Esteemed Bank Executive Says Interbank Competition is the Cause for High Australian Mortgage Rates and Not the Euro Debt Crisis


Perth, Western Australia (PRWEB) June 13, 2012

The Mortgage Gallery Rockingham, in light of new reports showing that high interest rates are caused by the competition of banks, has announced that it is improving its roster of products and services, including its home loans in Kwinana and Rockingham, as well as its Cockburn home loans.

In a statement released by Cameron Clyne, the chief executive of National Australia Bank (NAB), the debt crisis in Europe is not the one which should be blamed for the upsurge in mortgage rates in Australia. Instead, he said that it is the fierce competition between banks which have raised interest rates accordingly.

“What is happening in Europe is not having an impact on our cost of funding today because we can always sit out of the [wholesale debt] market for a period,” Clyne said.

In its latest move, NAB lowered its deposit rates by 50 basis points which is equivalent to the rate cut imposed by the Reserve Bank of Australia on May. But other banks have maintained their high deposit rates in the hope of capturing a wider share of the savings market.

The NAB chief executive, aside from being known as the designer behind the breakup marketing strategy, is also known for his decision to avoid billions of dollars worth in write-downs when he closed the NAB Capital and instead traded out collateralised debt obligations, as well as refusing to take a write down of the British operations of his bank.

In defending his moves, Clyne said: “The only person that benefits from writing off the UK is me. If you took a $ 3 billion to $ 4 billion loss, that is a real loss of wealth to shareholders and people tend to forget it is a genuine hit.”

But the NAB executive admits that his actions that were meant to balance the interests of investors, the government and customers, may not be entirely accepted by others. In addition, he says that all the debate about imposed interest rates will not help at all.

Clyne said, “I am not defending bank profits. If society thinks our profits should be half [what they are], I don’t have a problem as long as we also debate what the implications would be in terms of ratings and dividends and access to overseas money.”

With its strategies designed to deviate from the norms in the industry, NAB has been getting much attention from the market which is considerably good news for the institution, considering that the banking industry, as a whole, received wide public disapproval.

As of this time, NAB is the first bank to have put down fees, thereby winning over the support of the public. Concurrently, it has also committed itself to providing the lowest mortgage rates, as well as lesser rack-rate discounting.

In accordance with these developments, The Mortgage Gallery Rockingham has declared that it will continue working with leading lending institutions that can provide reasonable and affordable home loans in Cockburn, Rockingham, Kwinana and other similar transactions within the greater Perth area – all for the benefit of its current and prospective clients.

The Mortgage Gallery Rockingham is a mortgage broking firm composed of reputable and efficient mortgage brokers in Rockingham, Kwinana, Cockburn and other Perth areas. If you want to make inquiries, do not hesitate to give them call at (08) 9527 1800 or you can visit their site at http://www.themortgagegalleryrockingham.com.au/







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