Latest news with #Parkview
Yahoo
7 hours ago
- Business
- Yahoo
Parkview Financial Appoints Audrey Smith as Director, Legal
LOS ANGELES, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Parkview Financial ('Parkview'), an alternative investment firm specializing in U.S. commercial real estate credit, today announced that Audrey Smith has joined the firm as Director, Legal, based in the firm's Los Angeles office. Mrs. Smith will report directly to Paul Rahimian, Parkview's Founder and CEO. In this role, Mrs. Smith will oversee all legal functions at Parkview, with a particular focus on loan originations, loan management, and investor relations. She will play a critical role in improving portfolio performance and shaping credit policies, while ensuring compliance with regulatory requirements and market standards. Additionally, she will lead efforts to mitigate legal risk and will collaborate directly with borrowers, investors, third parties, and advisors to implement a cohesive and proactive legal strategy across stakeholders. 'Audrey brings a sharp legal mind and a strong understanding of real estate finance, with the ability to navigate the increasingly complex regulatory and transactional environment,' said Paul Rahimian, CEO of Parkview. 'As our platform continues to evolve, her insights and experience will help ensure we remain well-positioned from both a strategic and legal standpoint.' Before joining Parkview in 2025, Mrs. Smith served as Senior Legal Counsel at Man Group, where she managed all legal matters related to the firm's transactional real estate practice. Earlier in her career, she was an Associate at Cadwalader, Wickersham & Taft LLP, where she focused on real estate finance law. Mrs. Smith earned her J.D. from Cornell University, concentrating on Corporate Law and Financial Regulation, and holds a B.A. in English Literature from Skidmore College. About Parkview Financial Parkview Financial is an alternative investment manager specializing in commercial real estate credit in the U.S. Over its 15-year history, Parkview has executed more than $4 billion in short-term bridge and construction first-lien loans across 200+ transactions. Active in major U.S. markets, the firm focuses on middle-market loans for the development, acquisition, renovation, or refinancing of multifamily, single-family residential, industrial, retail, and mixed-use projects. Headquartered in Los Angeles with offices in New York and Las Vegas, Parkview has grown significantly since its founding in 2009 by CEO Paul Rahimian. With a team of in-house experts across originations, underwriting, legal, and construction, the firm is recognized for its ability to deliver fast, creative financing solutions with certainty of execution—even on the most complex projects. Media Contacts:Doug Allen / Sarah LazarusDukas Linden Public RelationsParkview@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
a day ago
- Business
- Mint
HK Builder Parkview Gets Loan Extension, Easing Default Risk
(Bloomberg) -- Hong Kong developer Parkview Group Ltd. has secured a three-month extension on a $940 million loan that was due Aug. 15, according to people familiar with the matter, giving it more time to work on a refinancing deal with banks. The loan, backed by the Parkview Green complex in Beijing's Chaoyang district, will now mature in November, the people said, asking not to be identified discussing private matters. Parkview risked a potential default had it not managed to secure the extension, as lenders would have had the option to demand immediate repayment when the facility matured. Parkview didn't respond to a request for comment. Parkview has been in refinancing talks with banks for months, highlighting the challenges builders still face amid a property slump that has dragged on for years. Some smaller Hong Kong developers have experienced liquidity stress as banks demand stricter refinancing terms and higher credit enhancements. To move its refinancing talks along, Parkview even considered selling artwork valued at over HK$200 million ($25.5 million) from Parkview Green's collection in an effort to attract creditor support, Bloomberg has reported. China's commercial real estate sector continues to face pressure. The office vacancy rate in Beijing was 16.9% in the second quarter, according to Cushman & Wakefield. While that was slightly lower than the year-earlier period, the improvement came after landlords offered lower rents for lease renewals, the real estate services firm said. Locally known as Fangcaodi, Parkview Green is known for its art collection, including pieces from Salvador Dali and Chinese artists such as Chen Wenling and Wang Luyan, according to its website. More stories like this are available on
Business Times
12-08-2025
- Business
- Business Times
Hong Kong builder Parkview seeks loan extension as talks drag on
[HONG KONG] Hong Kong developer Parkview Group is seeking a three-month extension on a US$940 million loan due on Friday (Aug 15), in a bid to get more time to negotiate a refinancing deal with banks, according to sources familiar with the situation. The loan, backed by the Parkview Green complex in Beijing's Chaoyang district, is set to mature on Aug 15, the sources said, asking not to be identified discussing private matters. Parkview has been in refinancing talks with banks for months, Bloomberg has reported. However, the company still has not secured sufficient support from banks, as worries grow over its liquidity, the sources said. The situation is becoming urgent because if Parkview does not manage to finalise a deal or receive an extension before the loan matures, it risks a potential default, threatening the future of one of Beijing's most iconic malls. The lengthy discussions with banks underscore the continued challenges facing China's commercial real estate sector, as funding conditions tighten amid falling property values and dwindling cash flows. To win over lenders' support, the developer had considered selling more than 300 pieces of artwork valued at over HK$200 million (US$33 million) from Parkview Green's extensive collection to help reduce outstanding debt and help secure a refinancing deal, Bloomberg reported earlier. Parkview did not respond to emailed requests for comment, and no one was available to comment when Parkview Green's Beijing office was called. Locally known as Fangcaodi, Parkview Green is known for its art collection, including pieces from Salvador Dali and Chinese artists such as Chen Wenling and Wang Luyan, according to its website. Parkview has offered additional collateral, including other Beijing residential properties, as a further credit enhancement for the refinancing deal, Bloomberg News has reported. BLOOMBERG
Mint
04-07-2025
- Business
- Mint
Distressed Builder Parkview Weighs Selling Artwork to Repay Debt
(Bloomberg) -- Hong Kong builder Parkview Group is considering selling artwork worth over HK$200 million ($25.5 million) to pay down debt and help secure a refinancing deal linked to one of Beijing's most iconic complexes, according to people familiar with the matter. Parkview is mulling to sell over 300 artworks displayed at Parkview Green to repay a small part of a $940 million loan due in August, the people said, who asked not to be named discussing private matters. The valuation of the art is provided by the company to the banks. The cash-strapped developer has been in months-long talks with banks for the refinancing, which would extend the maturity by three years, the people said. Parkview is offering some other residential properties in Beijing as additional collateral, on top of Parkview Green, according to one of the people. Parkview didn't respond to requests for comment. Parkview's credit enhancement proposal comes as worries grow over the builder's ability to repay the facility. Rental income generated from the commercial complex — which includes office towers, a shopping mall, an art center and a boutique hotel — fell short of covering the loan's interest expenses, Bloomberg News reported. Parkview is also among the many smaller Hong Kong developers experiencing liquidity stress as banks tighten their screws by demanding stricter refinancing terms and higher credit enhancements amid a years-long slump in the city's real estate sector. Located in Beijing's central business district, Parkview Green houses art pieces from the likes of Salvador Dali and Chinese artists such as Chen Wenling and Wang Luyan, according to its website. Dali's renowned Dragon Swan Elephant sculpture, is among the artwork potentially up for sale, said one of the people. Separately, Parkview held discussions with international auction house Sotheby's for a loan backed by more than 200 artworks, but the talks hit a standstill, Bloomberg News reported. The company was also tapping private credit for at least HK$2.8 billion in funding, and then managed to secure HK$300 million from investment firm PAG earlier this year. --With assistance from Emma Dong. More stories like this are available on
Malaysian Reserve
30-06-2025
- Health
- Malaysian Reserve
Parkview Health named No. 1 nonprofit by Inspiring Workplaces Group
Health system No. 31 overall, with special designations for well-being, inclusion FORT WAYNE, Ind., June 30, 2025 /PRNewswire/ — Parkview Health was named the No. 1 nonprofit in North America and No. 31 overall on The Inspiring Workplaces Group's 2025 Top 100 list at its celebration banquet in Chicago on Tuesday. It's the second time Parkview has made Inspiring Workplaces' Top 100, after finishing No. 18 overall and as the No. 3 nonprofit in North America in 2024. 'Our more than 16,000 co-workers are the daily source of inspiration that makes Parkview's culture great,' said Dena Jacquay, chief administrative officer, Parkview Health. 'Our culture is driven by our people, not only by the positive attitude and compassionate care they provide at our facilities daily, but also through their ideas, suggestions and feedback. Our listening efforts have led directly to numerous new benefits and changes to the programs that serve and support our workforce.' 'At Parkview, we empower our co-workers to take an active role in their job and their workplace,' said Dr. Ray Dusman, president, physician and clinical enterprise, Parkview Health. 'They're the ones who know their roles best and can spot opportunities to make their jobs more efficient, safer and higher quality for the patients they serve. Quality, safety and excellent care are results of our culture that encourages co-workers to speak up and provides opportunity to grow.' Unlike other awards, which rely on completing a survey, entrants to the Inspiring Workplaces Awards were asked to provide proof of their investment in people by completing the entry form consisting of the six key elements – culture and purpose, leadership, well-being, inclusion, employee voice and employee experience – fundamental to creating a 'PeopleFirst' culture. Each of the six key elements was also judged separately for special recognition in each discipline. Organizations of all sizes and industries entered a category defined by how many people are within the business. The Top 100 winners were decided by an independent expert judging panel. Parkview's well-being programs received special recognition for the second consecutive year, while Parkview also received a special accolade for its inclusion efforts. Parkview's in-house MyWell-Being department is tasked with supporting both the physical and mental health of the system's more than 16,000 co-workers. The MyWell-Being team offers numerous programs including physical fitness challenges, intramural sports, and nutrition and weight loss programs to support physical health, while also offering perks including free subscriptions to the Calm mental health app, revitalization seminars to engage and inspire co-workers and the ever-popular Parkview Pups program, which brings certified therapy dogs into facilities to visit co-workers. Parkview's inclusion efforts have focused on ways to improve the experience for both co-workers and patients. Initiatives such as Co-worker Resource Groups for veterans, faith and belief, mental health and working moms give employees opportunities to meet and build relationships with their peers, while health equity initiatives for patients have included efforts such as enhancing translation services for patients or community wellness programs that support underserved populations. Parkview was joined on this year's Top 100 list by companies including fellow Fort Wayne-headquartered Sweetwater, as well as Siemens Energy, Union Pacific Railroad and SurveyMonkey. Parkview will automatically be considered for the Inspiring Workplaces global Top 100 list, where it was ranked No. 19 overall in 2024, releasing later this year. The award is the latest in a series of accolades Parkview has received recognizing its excellent workplace environment and culture. Parkview was named No. 7 on Newsweek's Most Loved Companies list in 2024; recognized as a Forbes Best-in-State employer for three consecutive years; and chosen among Becker's 150 Top Places to Work in Healthcare in 2024 and 2025. 'As Inspiring Workplaces marks its 10th anniversary, we're proud to recognize organizations that are setting the gold standard for PeopleFirst cultures,' said Matt Manners, founder, The Inspiring Workplaces Group. 'This isn't just a feel-good approach, it's a fundamental business strategy. With AI reshaping the way we work and live, companies that continue to prioritize profit over people may find themselves facing short-term wins but long-term setbacks. PeopleFirst isn't optional. It's essential.' Click here to view Parkview Health's Inspiring Workplaces profile. For a list of available positions at Parkview, visit
