Latest news with #JimMoore
Business Wire
4 days ago
- Business
- Business Wire
Barings and Crebrid Announce Partnership and Credit Facility with $500 Million in Initial Capacity for Residential Transition Lending
CHARLOTTE, N.C. & DALLAS--(BUSINESS WIRE)--Barings, one of the world's leading investment managers, and Crebrid, the newly rebranded and rapidly growing real estate lending platform formerly known as Wildcat Lending, today announced a new credit facility that will help accelerate Crebrid's credit origination across the United States. Under the agreement, Barings' investors will take a minority equity position in Crebrid as part of the transaction. Barings' investors will also provide a flow purchase facility with $500 million in initial capacity to enable Crebrid to significantly expand its loan offerings, which are supported by its proprietary technology-driven lending platform. Terms of the transaction were not disclosed. This partnership further cements Crebrid's position as a leading player in the residential transition loan (RTL) market, enabling it to expand its reach from the compelling opportunities it has focused on in Texas, Ohio, and Tennessee to meet the growing demand for its solutions across the United States. The Company plans to initially focus its growth capital nationally with emphasis on high-growth markets across the U.S. Barings' investment was made through the firm's Asset Based Finance (ABF) investment strategy, which has more than $70 billion in assets under management. Through its ABF strategy, Barings seeks to develop selected long-term origination partnerships that provide distinct and durable access to differentiated residential, consumer, and commercial asset-backed investment opportunities for its investors. 'We are excited to begin this partnership with Crebrid, which builds on our more than three-decade track record of activity within the residential whole loan sector,' said Jim Moore, Head of Asset Based Finance at Barings. 'We're looking forward to working with Tim and the Crebrid team to support their growth strategy and capitalize on the compelling investment opportunity for our investing clients in the attractive and growing RTL sector.' 'Today's announcement represents a transformational milestone for the RTL industry,' said Tim Jordan, President of Crebrid. 'Barings' capital and support will better position us to build from a $1 billion deployment target in the first year to our goal of reaching $3-5 billion in annual originations by 2030. We will do this by expanding into additional markets, further enhancing our technology capabilities, and continuously improving our industry-leading, high-touch customer service that makes us a lender of choice in the markets where we operate.' About Barings Barings is a $442+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions. About Crebrid Crebrid is a fintech-driven lending platform specializing in residential transition loans (RTLs). Formerly known as Wildcat Lending, the predecessor company launched in 2014 and has originated nearly $2 billion in loans. With proprietary technology and strong institutional backing, Crebrid is revolutionizing real estate lending by providing efficient, optimized, and high-touch customer-first financing solutions. Learn more at
Yahoo
27-04-2025
- Entertainment
- Yahoo
Literary pick for week of April 27: An Evening with Jim Moore
Jim Moore, a widely praised poet who divides his time between Minneapolis and Spoleto, Italy, celebrates publication of his new collection, 'Enter,' during An Evening With Jim Moore at 7 p.m. Friday at Open Book, 1011 Washington Ave. S., Mpls., presented by the Loft Literary Center and his publisher, Minneapolis-based Graywolf Press. He will be in conversation with Graywolf editor/publisher Carmen Gimenez. Moore, who will be 82 in June and has been writing poetry for more than five decades, was instrumental in bringing together the Minnesota poetry community in the late 1970s. In 'Enter,' Moore roams widely, from California to Italy, from remembering those who have passed on to his own shyness. Some of the poems reference the effects of COVID, so it's not surprising Graywolf calls this 'A collection of thoughtful meditations on hope at a moment when hope seems farfetched…' Moore, who has won four Minnesota Book Awards, is the author of eight books of poetry, beginning in 1975 with 'The New Body.' Here is the middle portion of his poem 'Where I Live Now,' an affectionate look at senior citizens in Spoleto who have seen so much in their lives: 'Twelve bells ring at noon from three churches, all at once. It is too much sometimes. They go on, my old people. They gave up long go, but they go on. Swallows and bats, wild asparagus when the season is right.' Tickets for An Evening With Jim Moore are $10. For information and pre-registration, go to St. Thomas hosting Emily Dickinson readings to celebrate poetry month 10 fiction and nonfiction books inspired by the Vietnam War Book publishers see surging interest in the US Constitution and print new editions Kao Kalia Yang makes history at Minnesota Book Awards Book Review: 'Hope Dies Last' visits visionaries fighting global warming
Associated Press
10-03-2025
- Business
- Associated Press
Applied Aerospace Acquires NeXolve Bringing Deployable Space Technology and Advanced Polymer Expertise to the Combined Company
STOCKTON, Calif., March 10, 2025 /PRNewswire/ -- Applied Aerospace, a proven manufacturer of solutions for commercial and military spacecraft, aircraft, and ground-based systems, announced it has completed the acquisition of NeXolve. The company brings rich expertise in thermo-mechanical engineering and advanced polymer applications for space systems. NeXolve has developed deployable sunshields, solar sails, and atmospheric drag sails for a wide range of NASA, Department of Defense and commercial spacecraft. The company also manufactures polyimide films and resins customized to a variety of industrial and scientific applications. NeXolve is headquartered in Huntsville, Alabama near the NASA Marshall Space Flight Center. It boasts state of the art facilities including multiple clean rooms, a spacecraft assembly bay, characterization laboratory, thin film production line, resin coating booths, and materials synthesis and production center. One of the company's most notable projects was development, fabrication, and verification testing of the sun shield for the James Webb Space Telescope (JWST) for which NeXolve received NASA's Collier Award for achievement in astronautics. As part of the acquisition, NeXolve polymer expertise and space proven engineering, will be joined with the large-scale composite and metallic manufacturing capabilities of Applied Aerospace. The NeXolve brand will be retained as a product line name for the company's extensive portfolio of polyimide resin and film products. In addition, the combined company plans to develop a new line of deployable sub-systems including solar arrays, sun shields, and passive deorbit systems. The current NeXolve team and facilities will become the Advanced Materials & Deployable Systems division and serve as the company's executive and operational presence in Huntsville, near one of the nation's most prestigious space technology development centers. 'The complementary engineering capabilities that NeXolve brings to the Applied Aerospace family is incredible,' said CEO Kevin Bidlack. 'By combining our capabilities, we look forward to developing a new generation of deployable sub-systems that will help our customers improve the mission effectiveness and extend the service life of their spacecraft.' 'We are thrilled to become part of the Applied Aerospace team,' said NeXolve president and CEO Jim Moore. 'At our core, NeXolve is a group of dedicated engineers, physicists, and chemists who come together to solve complex challenges. As part of Applied Aerospace, we will collectively be able to develop a broader range of solutions for unique applications in both near Earth and deep space exploration.' About Applied Aerospace Aerospace systems demand precision engineering, expert manufacturing and unrelenting quality assurance. Government and commercial clients alike depend on Applied Aerospace solutions to perform at the velocities, forces, and temperatures of hypersonic and orbital flight. Applied Aerospace leverages an undeniable 70-year heritage in air, land, sea and space applications. By combining advanced engineering with proven techniques in composite and metallic manufacturing and assembly, Applied Aerospace builds fuselage and wing structures, actuated control surfaces, radomes, antennas and other complex solutions used in aviation, launch vehicles and spacecraft. Applied Aerospace is a portfolio company of Greenbriar Equity. For more information visit About NeXolve
