Outer Banks Real Estate Company Acquires CENTURY 21 The Realty Group in Greenville, N.C

GREENVILLE, N.C.Feb. 21, 2022PRLog — CENTURY 21 The Realty Group announced a change of ownership, in effect starting Feb. 14, 2022. Varthak Ventures is a boutique investment company based in Kitty Hawk, N.C. that owns real estate sales, real estate development, construction, and hospitality businesses. Greenville Realty Group, a part of Varthak Ventures, has acquired CENTURY 21 The Realty Group in Greenville, N.C.

CENTURY 21 The Realty Group has been a successful full-service real estate company in Greenville, N.C. since 1990. The company is well-known for providing professional and dependable real estate services. Its main office is located at 1420 B East Arlington Blvd, Greenville, N.C. 27858. The team consists of 24 real estate agents plus a support team.

Varthak Ventures CEO Raju Uppalapati said, “We are excited for this opportunity to acquire one of the top real estate brokerages in Greenville. With more than 25 years of experience in real estate, hospitality, marketing, and technology services in Eastern N,C., we are committed to serving the Greenville and surrounding markets and providing cutting-edge services to buyers and sellers working with us.”

Varthak Ventures plans to actively recruit more realtors to the team to become the top real estate company in the market. Their advanced marketing, technology resources, training, and support will help team members become top producers in the market. A sister firm under Varthak Ventures, Homes by Eillu, will develop new homes to fill the need for quality new single-family homes in the Greenville/Winterville areas.

Mr. Uppalapati said, “As a family-owned and operated business, we bring with us a great family-oriented culture to the businesses we are associated with.”

Furthermore, Varthak Ventures is grateful to have the opportunity to further its impact in the local community.

“Through our nonprofit, the Uppalapati Foundation, we are committed to making an impact in our local, national, and global community,” Mr. Uppalapati said. “We are excited to offer our resources and time to support the Greenville community.”

Gary L. Butts has been involved with the company for over 20 years.

“As owner of CENTURY 21 The Realty Group for 15 years, I am pleased Raju has recognized the strengths of the business as well as its future potential,” Mr. Butts said. Having worked with Raju during this process, I am confident his knowledge and experience will strengthen our position in the marketplace and bring future growth for CENTURY 21 The Realty Group. I plan to work with Raju over the coming months to ensure a smooth transition.”

About CENTURY 21 The Realty Group

They are an independently owned and operated franchise affiliate of CENTURY 21 Real Estate LLC (century21.com), franchisor of the iconic CENTURY 21® brand. Century 21 Real Estate LLC is comprised of approximately 14,250 independently owned and operated franchised broker offices in 86 countries and territories worldwide with more than 153,000 independent sales professionals. Century 21 Real Estate has numerous websites to help answer specific consumer needs. They are century21trg.com, century21.com, century21Global.com, commercial.century21.com, century21.com/finehomes, and century21espanol.com.

©2021 Century 21 Real Estate LLC. All Rights Reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

http://century21trg.com/

When banks say no we say yes. Give us a chance to earn your business

JACKSONVILLE, Fla.May 11, 2021PRLog — CJC Lending Services LLC

Jacksonville Florida

CJC Lending Services LLC Offers Low-interest loans to Entrepreneurs Nationwide

Entrepreneurs can now Secure Low-Interest Business Loans Faster

Nationwide, businesses need finance to expand or develop new projects. Businesses find it hard to access low-interest loans faster thereby leading to financial choke holds. CJC Lending Services LLC now offers businesses access to lenders deep pockets faster. They help businesses push back on the rates and fees to ensure they are paying the lowest rates available, without having to pay excessive closing and banking fees. They offer high-quality services at the most affordable rates.

CJC Lending Services LLC is well-versed in every aspect of commercial finance and will provide a business owner with guidance on how to get a business loan. Additionally, they also have access to a large network of commercial lenders the connect clients to in order to receive the appropriate financing for their company. They also help the business owner negotiate the rates and terms of the business loan, to ensure the client gets the best rates possible. Their approach is engaging and affords the borrower flexibility.

No business wants to overpay for a loan due to inadequate information with regards to their options. They will help a business understand all the different funding options, and steer them to the best financing option that will make the business grow short, medium and long-term. They save the borrower much time during the application process and a potentially large amount of money over the life of the loan. Thousands of lenders abound and are willing to provide businesses with financing. But simply going from lender to lender, seeking the right type of loan is not only time consuming, but not guaranteed to grant success in finding the right lender. If businesses do find a lender that may be a good fit, they’ll have to apply with a lower-level position and hope that they’ll get approved by underwriting. CJC Lending Services LLC has connections within many lending institutions that can streamline the approval and underwriting process, and help them get a loan quickly.

They respond quickly to  borrowers needs and take them through the procedures faster. They make sure that borrowers fulfill all criteria for loan approval before submission. Most firms don’t check this thereby reducing the applicants’ chances of securing a loan faster.

CJC Lending Services LLC is a promising business loan brokerage firm that upholds the best of practices in every transaction.

About CJC Lending Services LLC

CJC Lending Services LLC is a business loan brokerage firm that works on a borrower’s behalf to find the lowest available loan programs through numerous lenders. They save the borrower much time during the application process and a potentially large amount of money over the life of the loan.

CJC Lending Services LLC

Website : cjclendingservices.com

Email : chris@cjclendingservice.com

Phone : 800-794-0313

Corporate Banks Can Speed Services to Customers with Oracle Cloud

Oracle has delivered two new cloud-native services that simplify the complex, fragmented processes that have hamstrung corporate banking. With Oracle Banking Corporate Lending Process Management Cloud Service and Oracle Banking Credit Facilities Process Management Cloud Service, banks can speed the completion of everyday activities, such as loan and credit processing. Built on the performance and scalability of Oracle Cloud Infrastructure (OCI), the offerings help banks grow their business and deliver exceptional customer service whilst reducing operational costs.

“In the coming years, it’s estimated that corporate banks will derive up to 30%[1] of their revenue from digital channels,” said Sonny Singh, executive vice president and general manager, Oracle Financial Services. “This requires banks to accelerate automation and digitization of paper-heavy processes so they can focus on retaining and expanding customer relationships. Built on our deep industry expertise, these new cloud-native solutions provide banks a quick, componentized option to modernize loan and credit management activities.”

Process management made easier in the cloud

With the services, corporate banks can streamline operations through automated workflows with the flexibility to customize various lifecycle processes. The solutions also offer persona-specific operational dashboards to enable bankers with real-time customer insights for smarter and faster decision-making.

Oracle Banking Corporate Lending Process Management Cloud Service enables banks to meet customers’ on-demand and custom-financing needs by accelerating the loan process from initiation through to closure—all without sacrificing user experience or transparency in the application process.

Corporate credit is one of the longest processes in corporate banking—it can take months for validation. Oracle Banking Credit Facilities Process Management Cloud Service can reduce that cycle to just a few days. Banks can accelerate credit origination and servicing, pre-qualify credit lines, track exposures to customers in real-time, and mitigate business risks.

These new services follow Oracle’s recently introduced corporate banking solutions for supply chain financing, liquidity management, and virtual account management. Each solution runs on the high-performance OCI Container Engine for Kubernetes and automated with OCI Resource Manager and Terraform across multiple Oracle Cloud Regions, which means global banks benefit from the highest levels of system availability, scalability, and data security.

Additional Information

Learn more about Oracle Corporate Banking Solutions here.

Learn more about Oracle Cloud Infrastructure here.

[1] Boston Consulting Group Executive Survey as reported in Business Chief Europe: https://www.businesschief.eu/corporate-finance/corporate-banking-sector-must-embrace-digital-transformation-says-new-report-1

About Oracle Financial Services

Oracle Financial Services Global Business Unit provides clients in more than 140 countries with an integrated, best-in-class, end-to-end solution of intelligent software and powerful hardware designed to meet every financial service need. Our market-leading platforms provide the foundation for banks and insurers’ digital and core transformations and we deliver a modern suite of Analytical Applications for Risk, Finance Compliance, and Customer Insight. For more information, visit our website at https://www.oracle.com/industries/financial-services/index.html.

About Oracle

Oracle offers suites of integrated applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks

Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.

Why Banks Will Move Quickly to Sell Distressed Debt

Andrew Van Tuyle

Andrew Van Tuyle

LOS ANGELESApril 7, 2021PRLog — So far, the COVID-19 pandemic hasn’t spawned the waves of property distress that were initially predicted.  However, once lenders can pursue remedies, Andrew Van Tuyle, senior managing director of investments for BH Properties, expects the floodgates to open for loan sales in judicial foreclosure states and situations where bankruptcy appears imminent.

Speaking to an audience of the American Bankruptcy Institute, Van Tuyle, who oversees the Value Add and Bankruptcy divisions of the company, and is responsible for identifying potential acquisitions, stalking horse bids, debtor in possession financing, and other related opportunities, said that pressure from lenders or creditors or investors has been mitigated or delayed by all the government intervention programs.

“So debtors have been less inclined to file because of the lack of pressure, said Van Tuyle.  “When CECL [Current Expected Credit Losses] and TDR [Troubled Debt Restructuring] relief expires, borrowers will begin to experience more pressure, which should result in more bankruptcies.”

Every time it appears that there will be some activity around distressed debt in the market, a stimulus package is released, which inevitably delays transactions. When loans have traded, they’ve usually been for 90 cents on the dollar or even more. The problem is that buyers expect 60 to 70 cents on the dollar, causing gridlock in the market.

“The reality is though that so few deals are hitting the market, that bid sheets are as deep as they’ve ever been,” Van Tuyle said. “So either the loan sales aren’t trading, or a buyer is stepping up and getting the bid over 90 cents.

“Many of these lenders and special servicers aren’t staffed to take on the sheer number of loan defaults that they have. They will probably be too overwhelmed to deal with the number of problem loans they’ll face,” he continued.

In other cases, lenders don’t want to deal with the hassle or public relations fallout of foreclosures.

“We don’t think that lenders are going to want to be the big bad bank that got bailed out in the last financial crisis and is foreclosing on the poor borrower that was negatively impacted by COVID at no fault of their own,” he added.

Even beyond staffing crunches, servicers have other reasons to rid themselves of loans quicker than they did during the Global Financial Crisis (GFC).

“CMBS 2.0 also has created some changes from the GFC that will put pressure on special servicers to move quicker than they did last time instead of milking the process,” Van Tuyle says.

Add it all up, and once the government support eases up, there should be opportunities to buy, he concluded.

About BH Properties

Founded 23 years ago by real estate entrepreneur Steve Gozini, privately held BH Properties (http://www.bhproperties.com), is a vertically integrated real estate investment company focusing on the acquisition and management of a geographically and product diverse portfolio of assets.     The Los Angeles-based company, with offices in Phoenix and Dallas continues to focus on value-add transactions, distressed debt, special situations and ground leases.  Today the company owns and operates nearly 10 million square feet across 19 states.

Contact

Bruce Beck

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