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BALIK PULAU: Police arrested a man, believed to be a loan shark and seized RM545,599 in cash in a raid on his house in Teluk Kumbar, here, on Thursday.

A police spokesman said the 35- year-old suspect tried to escape in the 2.30pm raid but failed, as a team from the Commercial Crime Investigation Division of the Southwest district police headquarters had cordoned the house.

“Acting on information from the public and intelligence report, a team of policemen, through Op Cenderawasih, raided the house and arrested the man.

“While conducting a search at the house, the police team also found RM545,499 in cash, 51 withdrawal slips from various banks, 96 loan cards from various banks, 51 cheques for almost RM1 million and 10 savings account books from various banks,” he said, here, yesterday.

The spokesman said police also found three machetes which were suspected to be used in illegal money lending activities.

The initial police investigation found the man had been carrying out the illegal activity since last year and had been imposing high charges on the borrowers.

Penang CID deputy chief, ACP P R Gunalan, when contacted, confirmed the man’s arrest and that he was being remanded to assist in the investigation.

He urged those who had borrowed money from the man to come forward to facilitate the investigation. — Bernama

[…]

Ex-Millington mayor gets probation in bribery case

By – Associated Press – Saturday, November 8, 2014

MEMPHIS, Tenn. (AP) – Former Millington Mayor Richard Hodges has been given three years probation after he demanded a cash loan from a local businessman in exchange for allowing the man to keep a Millington police badge.

Hodges was indicted on two counts of bribery, but pleaded guilty in September to the lesser offense of facilitation of bribery. He could have faced up to three years in prison and a $10,000 fine.

The Commercial Appeal reports (http://bit.ly/1tU3KDe) defense attorney Tommy Parker released a written statement saying that probation was appropriate given Hodges’ lack of criminal record, life of service and the nature of the infraction.

He said Hodges “wants the people of Millington to know that he made a mistake and regrets his actions.”

___

Information from: The Commercial Appeal, http://www.commercialappeal.com

[…]

John Oliver & Sarah Silverman on Payday Loans

Image hqdefault.jpg

HBO’s John Oliver (Last Week Tonight) takes a hard look at the payday loan industry. Sarah Silverman helps out with this hilarious spoof commercial in which … […]

Marabella Commercial Finance, Inc. Achieves Strong Loan Production in Second and Third Quarter of 2014 – Net Lease …

CARLSBAD, Calif., Aug. 5, 2014 (GLOBE NEWSWIRE) — via PRWEB – Marabella Arranges Financing For several Walgreen, Starbucks and O’Reilly’s Automotive Properties in the 2nd and 3rd Qtr. 2014. For the Walgreen property the Sponsor was a repeat client for Marabella Commercial Finance. Marabella dealt with the Sponsor’s uncle in the 1970’s in which Marabella acted as principal structuring Sale-Leaseback financing with Safeway, putting CTL debt on the stores and then selling the Safeway stores to the uncle. For the nephew’s Walgreen store Marabella structured a refinance / cash-out transaction. Marabella originated a CMBS permanent loan of $4,500,000. The spread for this transaction was 197 Basis Points over the 10 year swap rate. The rate was locked at approximately 4.70%. The Sponsor requested a 6 year interest only loan and after the interest only period the loan begins to amortize over 25 years from year 7 to 10. This was a Non-Recourse loan with Standard Carve-Outs. For the Starbucks property Marabella met the developer at the International Council of Shopping Centers Convention (RECON) May 2014 and helped the developer pull cash out of the Starbucks. Marabella Arranged a loan amount of $850,000 with an amortization of 20 years and fixed for 10 years at 4.75%. The prepayment penalty is a friendly 3.00% for the life of the loan and no prepayment for the last 6 months of the loan. If all conditions are met this transaction should fund in mid August 2014. The Developer plans to have Marabella arrange financing for additional Net Lease Projects he has in the works. The Sponsor for the O’Reilly’s transaction is a repeat client for Marabella. Marabella Commercial Finance arranged financing for this client’s other O’Reilly’s property several years ago. For the new cash-out transaction a conditional commitment has been issued. The client for this transaction requested a fixed and fully amortizing coterminous loan which amortizes over the remaining primary term of the lease which is 14 years. The fully amortizing loan has a fixed rate of approximately 4.25%. This loan also comes with a friendly prepay option of 3.00% for the life of the loan and the no prepayment window in the last 90 days of the loan. If all conditions are met this loan should fund in mid-August 2014. Marabella is also arranging financing for two additional Walgreen properties and working with a repeat client in which Marabella arranged financing for her clients KinderCare property in Irvine, California (Southern California). This client is one of the top female money managers in United States by Barron’s financial magazine and has $1.2 Billion in assets under management. Marabella arranged an 18 year amortization with a 15 year fixed rate loan at approximately 4.25%. The loan amounts equaled $1,725,000 and $2,850,000. Marabella again arranged a friendly 3.00% prepayment penalty for this transaction. If conditions are met both of these transactions are expected to fund sometime in September 2014.

About Marabella Commercial Finance

Marabella Commercial Finance specializes in arranging financing for 1031 Exchange Net Lease Buyers, Commercial Investment Properties and Large Anchored Centers. Past Credit Tenant Net Lease Properties that Marabella Commercial Finance has originated loans are as follows; Walgreens, CVS, Starbucks, Kohls, Dollar General, Family Dollar, Dollar Tree, Safeway Stores, Rite Aid, Jack in the Box, 7-Eleven, O’Reilly’s, AutoZone and Large Anchored Centers with credit tenants. Marabella Commercial Finance, Inc. is a member of the Mortgage Bankers Association and will be attending the annual 2015 CREF Convention in San Diego, CA from February 1st to the 4th, 2015. Marabella will also be attending the International Council of Shopping Center’s 2014 Annual Western Division Convention in San Diego, CA from October 1st, to October 2nd, 2014 at the San Diego Convention Center. MCF will also be attending the 2015 International Council of Shopping Center’s RECON Convention around May 17th to the 20th 2015 at the Las Vegas Convention Center in Las Vegas, Nevada. Christian Marabella is also a Board Member of ACRE Socal — http://www.acresocal.com/

Contact: Christian S. Marabella – President

Marabella Commercial Finance

We Finance America’s 1031 Exchange Net Lease Properties

(760) 479-0800

Email: nnn(at)marabellafinance(dot)com

http://www.marabellafinance.com

This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2014/08/prweb12068680.htm

View photo.FinanceLoansCommercial FinanceStarbucks Contact: Marabella Commercial Finance
Christian S. Marabella
nnn@marabellafinance.com
+1 (760) 479-0800
[…]

China Commercial Credit Issues Update on Recovery of Loan Guarantee Payments

WUJIANG, CHINA–(Marketwired – Jul 25, 2014) – China Commercial Credit, Inc. (NASDAQ: CCCR), a microfinance company providing financial services to small-to-medium enterprises (SMEs), farmers and individuals in Jiangsu Province, today said it has made progress toward recovering a significant portion of the $5.4 million it paid in the first quarter of 2014 to lenders on behalf of 11 loan guarantee service customers who had borrowed funds from these lenders but defaulted on their loan repayments.

After determining that the majority of these defaulting borrowers had subsequently acquired the capability of repaying these funds, CCCR recovered approximately $0.7 million in cash from these borrowers and converted an additional $2.1 million of their debt into one-year loan notes payable by the borrowers directly to the company. All funds reclaimed via the above measures will be applied to CCCR’s total capital available for use on its microfinance lending and loan guarantee businesses.

The company expects to announce that its second quarter payments to lenders on behalf of loan guarantee customers, although less than in the first quarter, will still amount to about $3.7 million. Of this total, CCCR has thus far recovered $1.1 million and converted an additional $1.6 million of their debt into one-year loan notes payable by the borrowers directly to the company. The financial adjustments related to these events will be included in the company’s upcoming Q2 report.

About China Commercial Credit

China Commercial Credit (http://www.chinacommercialcredit.com), founded in 2008, provides business loans and loan guarantee services to more than 260 small-to-medium enterprises (SMEs), farmers and individuals in China’s Jiangsu Province. Due to recent legislation and banking reform in China, these SMEs, farmers and individuals — which historically had been excluded from borrowing funds from State-owned and commercial banks — are now able to borrow money at competitive rates from microfinance lenders. According to 2012 data, SMEs account for eight of ten jobs in China and comprise nearly 60 percent of the nation’s GDP.Utilizing proceeds of the recently completed secondary public offering, the company intends to commence its financial leasing business. It also recently launched a peer-to-peer online lending platform designed to pair SME borrowers with willing lenders.

Investors seeking additional information on CCCR or wishing to register for company Email Alerts may go to http://www.ir-site.com/china-commercial-credit/default.asp or the Asia IR/PR client page at http://asia-irpr.com/clients/cccr/ .

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of United States securities laws. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in our expectations. You should review the factors described in the section entitled “Risk Factors” in our registration statement on Form S-1 filed with the SEC on May 7, 2014 and other documents we file from time to time with the SEC. We qualify all of our forward-looking statements by these cautionary statements.

FinanceChina Contact:

Investors
Jimmy Caplan
512-329-9505
jimmy@asia-irpr.com

Media
Rick Eisenberg
212-496-6828
rick@asia-irpr.com

[…]

G8 Capital Acquires $15.5 Million Commercial Loan

LADERA RANCH, CA–(Marketwired – Jun 10, 2014) – G8 Capital (www.g8cap.com) announced today that it has acquired a $15.5 million commercial loan in Tustin, California. G8 Capital (www.g8cap.com) is an experienced investment firm which is actively acquiring commercial real estate assets from sellers looking to get all cash, fair value and timely execution.

G8 Capital closed the transaction with all-cash and contingency free, upon coming to terms with the sellers. G8 acquired the loan through a loan servicer as the loan was part of a Commercial Mortgage Back Security (CMBS) instrument.

The loan is secured by a 360,000 square feet flex/industrial business park property in Tustin, California. The business park sits on over 32 acres and includes 16 industrial/flex buildings, 550 Self Storage Units and an RV/Boat Storage Facility. The site benefits from premier access and visibility in the heart of Orange County, and provides immediate access to both CA-55 and I-5 freeways.

“G8 Capital is continually sought after, and actively acquires commercial real estate and strategic commercial debt investments, because financial institutions who work with us know we are fair, timely, and consistent,” said Evan Gentry, president and CEO of G8 Capital. “Real estate and financial firms also seek out G8 Capital for our significant experience and partnerships within the industry.”

G8 Capital has managed more than 65 portfolio acquisitions, representing more than $500 million in residential/commercial loans and REO properties, primarily from large U.S. banks, regional banks, loan servicing companies and government agencies. G8 Capital’s management team has collectively managed more than $10 billion in real estate-related transactions over the past several decades.

Upon acquisition of its portfolios, G8 Capital works closely with borrowers to assess their situation and determine the best work-out solutions, which may include a short-sale, obtaining deed-in-lieu of foreclosure, or restructuring the loan.

G8 Capital also makes careful risk-adjusted investments, preserving the interest of investors, while striving to create significant capital appreciation through the careful restructuring, repositioning, intensive servicing and management of commercial assets and strategic private investments.

For more information about G8 Capital, visit www.g8cap.com.

About G8 Capital

G8 Capital (www.g8cap.com ) is a prudent and disciplined investment firm focused on opportunity-based acquisition of commercial real estate assets and strategic private equity investments. G8 Capital acquires real estate and loan portfolios from financial institutions, government agencies and other sellers that are looking to get fair value and timely execution from an experienced, reputable firm. G8 Capital’s private equity focus includes investment in early-stage and middle-market companies, with a specific focus in the real estate, finance and technology industries. Visit www.g8cap.com for more information.

FinanceReal Estate Contact:

Laurie Brooks

Media Relations Coordinator

714-474-3770

Email Contact
[…]

The Commercial Law League of America, Financial Poise, and The ChamberWise Education Consortium to Present “Cash …


The Commercial Law League of America, Financial Poise, and The ChamberWise Education Consortium to Present “Cash Collateral and DIP Loan Motions” Webinar June 4

The Commercial Law League of America, Financial Poise, and The ChamberWise Education Consortium are pleased to announce a brand new webinar “Cash Collateral and DIP Loan Motions”, premiering on June 4, 2014 at 12pm CDT.

Chicago, IL (PRWEB) June 02, 2014

The Commercial Law League of America, Financial Poise, and The ChamberWise Education Consortium are pleased to announce a joint webinar, “Cash Collateral and DIP Loan Motions” on June 4, 2014.

Speakers include:

James Hays, Gonzalez, Saggio, & Harlan LLP Jonathan Brand, LakeLaw David Eaton, Kirkland & Ellis LLP Kirk Burkley, Burnstein-Burkley, P.C.

Cash is the lifeblood of any business. The “financing motion,” seeking permission to use a lender’s cash collateral and/or permission to enter into a debtor-in-possession loan is consequently one of the single most critical motions filed in a bankruptcy case. This webinar will cover everything you ever wanted to know about cash collateral and DIP loan motions in bankruptcy but were afraid to ask.

Produced in conjunction with The Commercial Law League of America. 1.0 CLE credit available.

Click here to register for the webinar.

About CLLA
The Commercial Law League of America is the leading legal association for attorneys who work in the credit, collections, bankruptcy and finance industry in the U.S. and more than 20 countries. Since 1895, the CLLA has connected experienced attorneys with credit grantors, lending institutions and other commercial credit, bankruptcy and general finance industry members, providing expertise, insight and results through networking, education, legislative advocacy and specialized legal services.

About ChamberWise
ChamberWise serves as a leading resource for member education among Chambers of Commerce around the globe. ChamberWise was founded in response to the need for more dynamic and diverse member education opportunities and more efficient and immediate content delivery systems among Chambers of Commerce around the world. Our mission is to provide high quality, relevant educational content at an affordable rate, while offering Chambers of Commerce a reliable and efficient source of revenue in the process.

About Financial Poise
Financial Poise, a division of DailyDAC, LLC, produces educational webinars for three core audiences: business owners and C-level executives, accredited investors, and their respective attorneys and other trusted advisors. Each webinar is developed and executed exclusively by professionals who are top performers in their respective fields of expertise.


[…]

Apollo Commercial Real Estate Finance, Inc. Closes Two Loan Transactions Totaling $189 Million and Expands Credit …

NEW YORK, NY–(Marketwired – May 12, 2014) – Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE: ARI) today announced the Company closed two commercial real estate loan transactions totaling $189 million. In addition, ARI amended the Company’s master repurchase agreement with JPMorgan Chase Bank, N.A. (the “JPMorgan Facility”) to increase the total borrowing capacity to $147 million from $100 million and amended the Company’s master repurchase agreement with Deutsche Bank AG (the “Deutsche Bank Facility”) to increase the total borrowing capacity to $200 million from $100 million. Year-to-date, ARI has invested or committed to invest over $450 million in commercial real estate loan transactions and commercial mortgage-backed securities (“CMBS”).

New Transactions
ARI closed two loan transactions totaling $189 million. The transactions include the following:

$155 million floating-rate whole loan secured by the first mortgage and equity interests in an entity that owns a resort hotel in Aruba. The property consists of 442 hotels rooms, 114 timeshare units, two casinos and approximately 131,500 square feet of retail space. ARI anticipates within the next 60 days the Company will syndicate a $90 million senior participation in the loan and will retain a $65 million junior participation in the loan. The whole loan has a three-year term with two one-year extension options and an appraised loan-to-value of 60%. The whole loan was underwritten to generate an internal rate of return1 (“IRR”) of approximately 10% and the junior participation ARI anticipates retaining was underwritten to generate an IRR1 of approximately 14%; and$34 million floating-rate first mortgage loan for the acquisition of a newly renovated 301-key hotel located in downtown Philadelphia. The first mortgage has a three-year term with two one-year extension options and an underwritten loan-to-cost of 58%. The first mortgage loan was underwritten to generate an IRR1of approximately 7%. ARI anticipates financing the loan, and on a levered basis, the loan was underwritten to generate an IRR1 of approximately 13%.

Amendment of JPMorgan Facility and Deutsche Bank Facility

ARI amended the Company’s JPMorgan Facility to expand the total borrowing capacity to $147 million from $100 million. The facility expires in January 2015. In addition, ARI amended the Company’s Deutsche Bank Facility to expand the total borrowing capacity to $200 million from $100 million. The Deutsche Bank Facility expires in April 2018 and is used to finance the acquisition of CMBS.

Commenting on the transactions, Scott Weiner, the Chief Investment Officer of the Company’s Manager, said: “We were extremely pleased ARI was able to quickly deploy capital following the Company’s recent common equity raise into two well-structured mortgage loans which we expect will generate attractive, risk-adjusted returns. ARI’s global origination activity has gained significant momentum, bolstered by the Company’s relationships and reputation as an innovative commercial real estate lender. In addition, with the expansion of the JPMorgan Facility, we believe ARI can prudently use leverage to fund new investments, while continuing to maintain a relatively conservative level of overall leverage.”

About Apollo Commercial Real Estate Finance, Inc.
Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, invests in, acquires and manages performing commercial first mortgage loans, subordinate financings, CMBS and other commercial real estate-related debt investments. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, LLC, a leading global alternative investment manager with approximately $159.3 billion of assets under management at March 31, 2014.

(1) The underwritten IRR for the investments listed in this press release reflect the returns underwritten by ACREFI Management, LLC, the Company’s external manager (the “Manager”), calculated on a weighted average basis assuming no dispositions, early prepayments or defaults. With respect to certain loans, the underwritten IRR calculation assumes certain estimates with respect to the timing and magnitude of future fundings for the remaining commitments and associated loan repayments, and assumes no defaults. IRR is the annualized effective compounded return rate that accounts for the time-value of money and represents the rate of return on an investment over a holding period expressed as a percentage of the investment. It is the discount rate that makes the net present value of all cash outflows (the costs of investment) equal to the net present value of cash inflows (returns on investment). It is derived from the negative and positive cash flows resulting from or produced by each transaction (or for a transaction involving more than one investment, cash flows resulting from or produced by each of the investments), whether positive, such as investment returns, or negative, such as transaction expenses or other costs of investment, taking into account the dates on which such cash flows occurred or are expected to occur, and compounding interest accordingly. There can be no assurance that the actual IRRs will equal the underwritten IRRs shown in this press release. See “Item 1A–Risk Factors–The Company may not achieve its underwritten internal rate of return on its investments which may lead to future returns that may be significantly lower than anticipated” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 for a discussion of some of the factors that could adversely impact the returns received by the Company from the investments shown in the press release over time.

Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. These forward-looking statements include information about possible or assumed future results of the Company’s business, financial condition, liquidity, results of operations, plans and objectives. When used in this release, the words believe, expect, anticipate, estimate, plan, continue, intend, should, may or similar expressions, are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; the Company’s ability to deploy the proceeds of its capital raises or acquire its target assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission. The forward-looking statements, and other risks, uncertainties and factors are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

FinanceInvestment & Company InformationDeutsche BankJPMorgan Chase Bank Contact:

CONTACT:
Hilary Ginsberg
Investor Relations
(212) 822-0767

[…]

Stagnant puddle

are wasting the Federal Reserve’s largesse. The central bank has swollen the cash balances at financial institutions with quantitative easing, but has not even kept pace with nominal .

The numbers are stark. Since March 2008, the has increased its holdings of Treasury and federally backed mortgage securities from $700 billion to $4 trillion. To pay for these, it mostly printed money. More technically, it provided banks with $2.7 trillion of new reserves, according to St. Louis Fed data.

The banks didn’t use the funds to stimulate the economy. Commercial and industrial loans, the principal driver of sustainable expansion, have increased by about 12 per cent, to $1.7 trillion. Consumer debt has jumped 44 per cent, but accounts for a smaller piece of the pie. The banks could have afforded such slow paces of loan growth, well below the 16 per cent increase in nominal GDP, without any help from .

Rather, the Fed’s money-printing accounts for the extra cash on banks’ balance sheets. Their holdings of cash, according to Fed data, have increased by 779 per cent to $2.8 trillion over the past six years. For banks, that does not mean piles of crisp new bills, but the balances at the Fed do pay a 0.25 per cent interest rate. Meanwhile, banks now lend out just three-quarters of their deposits, compared with more than 100 percent in March 2008.

The central bank’s purchases may not have contributed directly to economic growth. Still, they have been good for bank profits, because the cash at the Fed earns a little interest income without needing any equity backing, according to the Basel technique of calculating capital strength. QE has also helped keep up financial asset prices, as the ample supply of ready cash probably encouraged banks to increase their investments in longer-term government and so-called agency securities by 63 per cent, to $1.8 trillion.

On the other hand, the Fed’s intervention has not been the inflationary disaster feared by monetarist economists. Funds kept in the central bank’s isolation ward do not infect the economy with wage and price increases.

If the Fed wants banks to push money out into the real economy, it should stop paying them for cash deposits. Instead, it could start charging. A negative 0.5 per cent interest rate on reserves might encourage lending. It might also stimulate higher inflation.

[…]

China Commercial Credit Announces 2013 Results

WUJIANG, CHINA–(Marketwired – Mar 31, 2014) – China Commercial Credit, Inc. (NASDAQ: CCCR)

Net income of $7,704,970 on revenue of $12,541,075. Year-end cash position of $9,405,865 vs. $1,588,061 at year-end 2012. Loan capacity expanded with approval of IPO proceeds as contributed registered capital. Total Shareholders’ Equity at $84,949,906 versus $67,249,079 at year-end 2012.

China Commercial Credit, Inc. (NASDAQ: CCCR), a microfinance company whose current major business is providing microcredit loans and loan guarantees to small-to-medium enterprises (SMEs), farmers and individuals in Jiangsu Province, today reported that, for the year ended December 31, 2013, the company had net revenue of $12,541,075 compared to net revenue of $12,586,724 in 2012.

Net income for the year ended December 31, 2013 was $7,704,970, or $.81 per share, on total average shares outstanding of 9,535,161. This compares to net income of $8,312,469, or $1.04 per share, on total average shares outstanding of 7,960,662 in the prior year period. Accounting for non-cash expenses of $752,500 related to the conversion of Series A and B Preferred Shares at the closing of the company’s IPO in August 2013, net income attributable to common stock shareholders was $6,952,470 for the year ended 2013 vs. $8,312,469 for the year ended 2012.

The decrease in 2013 net income compared to 2012 was primarily the result of an increase in total non interest expenses of $733,448, the majority of which comprised various travel expenses and legal and consulting costs. The 2013 net income was also negatively impacted by an increase in the provision for loan losses of $399,034, a charge assessed to reflect the added risk associated with the company’s increase in loan receivables of approximately $4.4 million, to $90,203,413 in 2013 from $85,781,293 in 2012.

The company’s cash position was $9,405,865 as of December 31, 2013, compared to $1,588,061 at year-end 2012. It included net IPO proceeds of $7.6 million, of which approximately $5.6 million has been approved by relevant government authorities as contributed registered capital to the company’s operating entity as of the end of Q1 2014. Therefore, as of April 1, 2014, such funds can be used to expand the company’s lending and guarantee capacity going forward.

Total Shareholders’ Equity at year-end 2013 increased to $84,949,906 from $67,249,079 at year-end 2012.

“While net income fell moderately in 2013, we anticipate improved operating results in the current year based on an improved cash and registered capital base for expanding our microcredit lending and guarantee business, as well as contributions from our three new ventures anticipated for launch in 2014,” said CEO and founder Mr. Huichun Qin. These ventures include a loan guarantee service for applicants on the Jiangsu Financial Bureau’s Internet-based lending platform, utilized by thousands of SMEs, farmers and individuals in Jiangsu Province; and Pride Financial Leasing, designed to offer leases on machinery and equipment, transportation vehicles, and medical devices to municipal government agencies, hospitals and SMEs in Jiangsu Province and beyond; and Pride Lending Club, an online loan portal pairing prospective borrowers with willing lenders and loan guarantors throughout China.

The company’s 2013 annual report on Form 10-K will be available online at www.sec.gov or by visiting the investor relations section of the China Commercial Credit website at http://www.ir-site.com/china-commercial-credit/default.asp.

About China Commercial Credit

China Commercial Credit (http://www.chinacommercialcredit.com), founded in 2008, provides business loans and loan guarantee services to more than 280 small-to-medium enterprises (SMEs), farmers and individuals in China’s Jiangsu Province. Due to recent legislation and banking reform in China, these SMEs, farmers and individuals — which historically had been excluded from borrowing funds from State-owned and commercial banks — are now able to borrow money at competitive rates from microfinance lenders. According to 2012 data, SMEs account for eight of ten jobs in China and comprise nearly 60 percent of the nation’s GDP.

Investors wishing to receive CCC’s corporate communications as they become available may go to http://www.ir-site.com/china-commercial-credit/default.asp and register under Email Alerts. The company’s blog, “From The CEO,” also appears at the same site. Each new blog post will be announced on the company’s Twitter account, @CCCR_update, where readers may link directly to the post.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of United States securities laws. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in our expectations. You should review the factors described in the section entitled “Risk Factors” in our prospectus filed with the SEC on August 14, 2013 and other documents we file from time to time with the SEC. We qualify all of our forward-looking statements by these cautionary statements.

Results of Operations Year Ended December 31, 2013 as Compared to the Year Ended December 31, 2012
For the Years Ended 2013 2012 Interest income Interests and fees on loans $ 12,223,803 $ 12,003,158 Interests and fees on loans-related party – 13,119 Interests on deposits with banks 220,820 272,782 Total interest and fees income 12,444,623 12,289,059 Interest expense Interest expense on short-term bank loans (1,143,217 ) (1,298,081 ) Net interest income 11,301,406 10,990,978 Provision for loan losses (484,069 ) (85,035 ) Net interest income after provision for loan losses 10,817,337 10,905,943 Commissions and fees on financial guarantee services 1,407,699 1,667,067 Over provision on financial guarantee services 316,039 13,714 Commission and fees on guarantee services, net 1,723,738 1,680,781 Net Revenue 12,541,075 12,586,724 Non-interest income Government incentive 143,051 188,146 Other non-interest income 25,830 135,831 Total non-interest income 168,881 323,977 Non-interest expense Salaries and employee surcharge (1,047,589 ) (1,052,199 ) Rental expenses (259,748 ) (254,921 ) Business taxes and surcharge (499,075 ) (472,216 ) Other operating expenses (1,818,302 ) (1,111,930 ) Total non-interest expense (3,624,714 ) (2,891,266 ) Income Before Taxes 9,085,242 10,019,435 Income tax expense (1,380,272 ) (1,706,966 ) Net Income 7,704,970 8,312,469 Amortization of beneficial conversion feature relating to convertible Series A Preferred Stocks (372,500 ) – Amortization of beneficial conversion feature relating to convertible Series B Preferred Stocks (380,000 ) – Net income attributable to Common Stock shareholders $ 6,952,470 $ 8,312,469 Earnings per Share- Basic and Diluted $ 0.808 $ 1.044 Weighted Average Shares Outstanding-Basic and Diluted 9,535,161 7,960,662 Net Income 7,704,970 8,312,469 Other comprehensive income Foreign currency translation adjustment 2,280,218 471,501 Comprehensive Income $ 9,985,188 $ 8,783,970 Consolidated Balance Sheets
December 31 2013 2012 ASSETS Cash $ 9,405,865 $ 1,588,061 Restricted cash 10,784,960 11,595,489 Loans receivable, net of allowance for loan losses $1,375,948 and $857,813 for December 31, 2013 and 2012, respectively 88,827,465 84,923,480 Interest receivable 1,124,734 905,454 Tax receivable, net 820,526 – Property and equipment, net 254,795 302,626 Other assets 1,785,103 689,709 Total Assets $ 113,003,448 $ 100,004,819 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities Short-term bank loans $ 16,360,721 $ 20,606,791 Deposits payable 9,659,362 9,428,061 Unearned income from financial guarantee services 482,029 773,402 Accrual for financial guarantee services 588,740 880,725 Tax payable, net – 20,449 Other current liabilities 629,073 742,745 Deferred tax liability 333,617 303,567 Total Liabilities 28,053,542 32,755,740 Shareholders’ Equity Series A Preferred Stock (par value $0.001 per share, 1,000,000 shares authorized at December 31, 2013 and 2012, respectively; nil and 645 shares issued and outstanding at December 31, 2013 and 2012, respectively) $ – $ 1 Series B Preferred Stock (par value $0.001 per share, 5,000,000 shares authorized at December 31, 2013 and 2012, respectively; nil and 640 shares issued and outstanding at December 31, 2013 and 2012, respectively) – 1 Common stock (par value $0.001 per share, 100,000,000 shares authorized; 10,430,657 and 9,000,000 shares issued and outstanding at December 31, 2013 and 2012, respectively) 10,431 9,000 Subscription receivable (1,062 ) (11,062 ) Additional paid-in capital 52,704,107 44,247,397 Statutory reserve 5,442,150 4,232,164 Retained earnings 20,300,689 14,558,205 Accumulated other comprehensive income 6,493,591 4,213,373 Total Shareholders’ Equity 84,949,906 67,249,079 Total Liabilities and Shareholders’ Equity $ 113,003,448 $ 100,004,819 FinanceInvestment & Company InformationShareholders’ EquityJiangsu ProvinceChina Contact: Investors

Jimmy Caplan
Asia IR/PR
512-329-9505
jimmy@asia-irpr.comMedia
Rick Eisenberg
Asia IR/PR
212-496-6828
rick@asia-irpr.com
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