Latest news with #Crescent
Business Standard
5 days ago
- Business
- Business Standard
Rustomjee Launches Crescent - A Rare Gated Community in Pali Hill with ~Rs 1400 Cr GDV
VMPL Mumbai (Maharashtra) [India], June 16: Rustomjee Group, one of the leading real estate companies in Mumbai has announced the launch of Crescent, a new luxury gated community in the heart of Pali Hill, Bandra. Spread across 1.2 acres, Crescent offers a rare opportunity to own a spacious home in one of Mumbai's most premium neighbourhoods. This marks Rustomjee's third project in Pali Hill, following the success of Parishram and The Panorama. The project is being developed with Mt. K Kapital as the project equity partner, further strengthening Rustomjee's commitment to creating landmark residences in the city's most coveted locations. Crescent features thoughtfully designed 3 and 4-bedroom residences ranging from 1,400 to 2,000 sq. ft. In addition, it offers premium options from bespoke penthouses, expansive apartments, to select opportunities for duplex living--catering to diverse lifestyle needs and preferences. The project stands out for its rare land size in a densely populated area like Pali Hill and is built for people who value space, peace, and a strong sense of community. Boman Rustom Irani, Chairman and Managing Director of Rustomjee Group, said, "Pali Hill has always been one of Mumbai's most coveted neighbourhoods. It is known for its charm, the heritage and a very close-knit community. With Crescent, we've brought to Pali Hill spacious homes, large open spaces and amazing design. This is our third project here, and like the others, it is designed to build a close-knit and proud community." Abdeali Tambawala, Co-founder of Mt. K Kapital said, "Our strategic partnership in Crescent, a 1.2-acre development in Pali Hill, is a rare convergence of a gated community, premium location, and numerous amenities. At Mt. K Kapital, we invest in assets with the fundamentals to drive long-term value, and Crescent is a prime example." Among Crescent's most unique features is a 50-metre long infinity-edge pool that connects both towers and offers stunning views of the sea and the city. It is one of the longest pools in Pali Hill and complementing it, is a pool deck designed for leisure, social gatherings, and memorable moments. Spread across the development are 24,000 sq. ft. of landscape features spanning three levels, including 15,000 sq. ft. of open to air rooftop landscape elements, making Crescent a rare vertical sanctuary in the heart of the city. The project offers a curated blend of tranquil greens, elevated leisure zones, and modern amenities for residents seeking a balanced lifestyle. The building design, led by SOG (Singapore) with landscaping by COEN Design (Singapore), features optimally designed bespoke layouts, full-height French windows, sundecks and abundant natural light and ventilation. The open-arm splayed masterplan embraces thoughtful design that seamlessly blends with luxury, while the layout is curated with emotion as the fulcrum of its concept. Every element reflects a people-oriented approach, evoking a sense of sensory bliss and deep connection to space. Built by Rustomjee, known for delivering high-quality homes on time, Crescent promises to be a landmark in luxury living in Bandra. About Rustomjee Group: Founded in 1996, Rustomjee Group is one of Mumbai's leading real estate developers with a strong reputation for quality, innovation, and customer focus. With over 25 million square feet of delivered projects across MMR, Rustomjee has created landmark developments in BKC, South Mumbai, Juhu, Thane, Borivali, and Virar. Known for integrating design excellence with thoughtful community-building, the Group continues to redefine urban living standards across the city.
Otago Daily Times
6 days ago
- Sport
- Otago Daily Times
Crescent win to keep top four challenge alive
Crescent capped off their club day in grand fashion with a 39-15 win over Toko that sent the top four of the Southern Region competition into turmoil on Saturday. The first half was fairly even after Toko opened the scoring early, and Crescent fought back into the half to lead 18-10 at the break. The home side carried their momentum into the second half and outscored the visitors three tries to one. Midfielder Ethan Edwards scored another brace to continue his try-scoring form. Lock Tyler Brouwer was Crescent's best on the field and had plenty of support from flankers Ryan Gwynn and Andy Carruthers. Crescent locked away the Eddie Scott Memorial Trophy with this win and are now just one point behind Toko in fourth position as finals time approaches. Clutha proved too strong for Lawrence at Simpson Park in a high-scoring game. The unbeaten competition leaders won 53-31 but allowed Lawrence to play with the ball for long periods, which would have disappointed them. Clutha paid the price early for trying to attack as individuals instead of sticking to structure. Lawrence piled the pressure on and were waiting to pounce on any mistakes gifted to them by an uncharacteristically poor Clutha attack. The halftime score was 24-17 to the visitors. After some stern words at the break, Clutha found their groove and scored some nice tries when they played together as a unit. Lawrence continued to thrive with ball in hand, and midfielder Sam Wyber scored two tries, celebrating his 100th try in Lawrence colours. West Taieri leapfrogged Toko into second place on the ladder with a 57-5 demolition of Heriot at Outram. The home side played with purpose but came up against a resolute Heriot side in the first half. Heriot showed they would not be bullied in the first half and gave as good as they got on both attack and defence, and West Taieri led just 15-5 at halftime. The second half was where the home side flexed their muscles with six unanswered tries as they controlled the proceedings for the entire half. Heriot's lack of depth cost them, and they faltered towards the end of the game. Forwards Luke Moeke and Jaidyn Barringer-Tairi led the way in the West Taieri pack. For Heriot, coach Craig Stanway put in a huge 40 minutes off the bench. Clutha Valley beat Owaka 38-27 in a messy encounter at Clydevale. Neither side could get a foothold in terms of territory and possession, but the home side made the most of their chances. A sluggish first half ended with Valley leading 14-8 as Owaka was again punished for slipping off first-up tackles. The opening phases of the second half belonged to Valley, and while Owaka came back and finished strongly, they could not rein in Valley, who went on to claim their fourth win of the season. — Francis Parker
Globe and Mail
12-06-2025
- Business
- Globe and Mail
Sellers accept offer on North York townhouse after second attempt at the market
70 Castlebury Cres. No. 9, Toronto Asking price: $829,900 (March, 2025) Previous asking price: $825,000 (November, 2024) Selling price: $820,000 (March, 2025) Taxes: $3,168 (2024) Property days on market: 44 Listing agent: Bill Thom, Re/Max Realtron Realty Inc. The owners of this three-bedroom townhouse near Old Cummer GO station were not under any pressure to sell, which made it easier for them to reject the first offer for the property, for $815,000, before Christmas. With no other offers forthcoming, they took the property off the market for a few months, returning with a higher asking price in March. An offer of $820,000 was accepted. 'If you look at the math, they [would have been] better off if they had taken the $815,000 with the heating costs, maintenance fees, time and money [factored in],' said agent Bill Thom. Part of a roughly 50-year-old townhouse complex, this end unit has a multilevel layout with a street-level entrance, a built-in garage and a private, south-facing yard. The front door opens into a foyer with a short flight of steps down to a recreation area. Another set of stairs leads up to a living room with access to a patio and open sightlines into a dining area and eat-in kitchen on the next level. The bedrooms and two bathrooms are on the top two floors. Monthly condominium fees are $660 and cover water usage. 'It's a good area with a very good school, and we had an end unit, which is very rare,' Mr. Thom said. 'The backyard is facing south, so you get a lot of light.'
Yahoo
11-06-2025
- Automotive
- Yahoo
Arra Finance To Acquire Crescent Auto Finance, Rapidly Scaling Its Subprime Auto Finance Platform
Deal to quadruple auto finance origination capacity and reduce credit application response time to a matter of seconds IRVING, Texas, June 11, 2025 (GLOBE NEWSWIRE) -- Arra Finance, LLC ('Arra' or the 'Company'), a subprime indirect auto finance company, today announced that it has entered into a definitive agreement to acquire the auto financing division of Crescent Bank ('Crescent'), a New Orleans-based FDIC insured bank with approximately $1 billion in assets that has provided nationwide indirect auto lending since 1991. The deal accelerates the rapid expansion of Arra's platform, enhancing its technology stack and analytics capacity well ahead of growth expectations. Crescent will retain its branch and online retail banking platforms, as well as its commercial lending program, and Arra will become the servicer for Crescent's $815 million originated auto loan portfolio. The transaction is expected to close in 3Q 2025. Financial terms were not disclosed. As a well-established operator in the subprime auto financing space, Crescent has originated upwards of $5.3 billion in auto loans nationwide over its 30-year history and $652 million in the last two years. This acquisition brings Crescent's e-contracting, internal loan servicing and accelerated auto-decision capabilities to the Arra platform, alongside advanced analytics and additional fraud protection tools in underwriting and funding. With financial backing from Obra Capital ('Obra'), Arra now has the operational bandwidth and capital structure necessary to provide a comprehensive suite of financing solutions to auto dealers across the country. Arra expects to rapidly scale delivery of customer financing solutions to dealers by leveraging Crescent's existing operations, with a significantly increased auto finance origination capacity, larger dealer base and the ability to respond to credit applications within seconds of submission. As part of the acquisition, Arra will welcome approximately 180 new employees from Crescent, expanding Arra's best-in-class team by a factor of six. This includes 24 new sales team members, who will support the deployment of Arra's capital base and provide a consistent touchpoint for new and existing dealer customers alike. The new additions will continue to be primarily based in Carrollton, Texas, supporting a seamless operational integration while opening new pathways for opportunity, as enabled by Arra's access to asset-backed financing solutions. 'With today's announcement, we have rapidly advanced Arra's growth trajectory, substantially improving our ability to be the premier financing partner for franchise and select independent dealers,' said Kenn Wardle, Chief Executive Officer of Arra Finance. 'After only six months in market, we are on track to outpace our growth targets by a number of years, and we have developed the platform capabilities necessary to deliver responses to credit applications in a matter of seconds. I look forward to welcoming our new team members as we bring our combined offerings to market and continue to streamline the car buying experience for dealers and consumers across the country.' Gary Solomon Sr., Chairman of Crescent Bank praised the transaction, stating: 'Partnering with Arra and Obra has ensured the talent, momentum and reputation Crescent has garnered over the years will continue to support the auto industry, as Crescent Bank shifts its focus to our core retail banking business.' Crescent Bank has significantly grown its online banking presence nationwide in recent years, particularly in its offering of Certificates of Deposits. Mr. Solomon added, 'This is a pivotal moment for Crescent Bank, as we refocus our investment strategy in support of our local New Orleans area community and nationwide customers alike.' 'Today's announcement is a major growth milestone for Arra, and a testament to the opportunity in the auto finance market,' added Blair Wallace, President and CEO of Obra. 'With the capital structure and flexibility provided by Obra's insurance company balance sheets, Arra has taken decisive and aggressive steps to meet the needs of dealers across the country and become a leading player in the subprime space. The business is capitalized for success in the long term, and we look forward to seeing what's next.' About Arra FinanceArra Finance is a subprime indirect auto finance company that purchases and services retail installment contracts originated by U.S. automobile dealers. Arra offers fast, simplified solutions and options for dealers. The company's cutting-edge auto finance platform provides more than 1,200 franchise and independent dealerships across 15 states (with planned business expansion to dealerships in 37 states) with auto financing solutions for used car buyers. Its scalable origination system and data warehouse provide dealers with access to finance solutions and enables them to facilitate auto sales for the dealership's customers. For more information about Arra Finance, please visit About Crescent BankCrescent Bank is a Louisiana chartered, FDIC insured bank which has served the New Orleans area community since 1991 providing retail banking services and direct lending to businesses and consumers. Shortly after its founding, Crescent Bank began to open loan production offices throughout Louisiana to provide auto loans to consumers who were not being served by traditional lending institutions. As the bank succeeded and grew, its geographical lending footprint expanded nationwide. In recent years it has further expanded its retail operations to include offering certificates of deposits to consumers and investors in all states. About Obra CapitalObra is a specialized alternative asset management firm with approximately $5.8 billion in capital under management as of May 31, 2025. Obra provides investment products and solutions across insurance, multi-sector credit, asset-based finance and longevity investment strategies. Obra aims to generate long-term value and attractive returns for investors through a variety of funds and separate accounts. With capabilities in investing, originating, structuring and servicing, Obra strives to provide differentiated investment opportunities and capital solutions for investors worldwide. For more information about Obra and its registered investment advisors, please visit Media Contact:Dan GagnierGagnier CommunicationsObra@
Yahoo
11-06-2025
- Automotive
- Yahoo
Arra Finance To Acquire Crescent Auto Finance, Rapidly Scaling Its Subprime Auto Finance Platform
Deal to quadruple auto finance origination capacity and reduce credit application response time to a matter of seconds IRVING, Texas, June 11, 2025 (GLOBE NEWSWIRE) -- Arra Finance, LLC ('Arra' or the 'Company'), a subprime indirect auto finance company, today announced that it has entered into a definitive agreement to acquire the auto financing division of Crescent Bank ('Crescent'), a New Orleans-based FDIC insured bank with approximately $1 billion in assets that has provided nationwide indirect auto lending since 1991. The deal accelerates the rapid expansion of Arra's platform, enhancing its technology stack and analytics capacity well ahead of growth expectations. Crescent will retain its branch and online retail banking platforms, as well as its commercial lending program, and Arra will become the servicer for Crescent's $815 million originated auto loan portfolio. The transaction is expected to close in 3Q 2025. Financial terms were not disclosed. As a well-established operator in the subprime auto financing space, Crescent has originated upwards of $5.3 billion in auto loans nationwide over its 30-year history and $652 million in the last two years. This acquisition brings Crescent's e-contracting, internal loan servicing and accelerated auto-decision capabilities to the Arra platform, alongside advanced analytics and additional fraud protection tools in underwriting and funding. With financial backing from Obra Capital ('Obra'), Arra now has the operational bandwidth and capital structure necessary to provide a comprehensive suite of financing solutions to auto dealers across the country. Arra expects to rapidly scale delivery of customer financing solutions to dealers by leveraging Crescent's existing operations, with a significantly increased auto finance origination capacity, larger dealer base and the ability to respond to credit applications within seconds of submission. As part of the acquisition, Arra will welcome approximately 180 new employees from Crescent, expanding Arra's best-in-class team by a factor of six. This includes 24 new sales team members, who will support the deployment of Arra's capital base and provide a consistent touchpoint for new and existing dealer customers alike. The new additions will continue to be primarily based in Carrollton, Texas, supporting a seamless operational integration while opening new pathways for opportunity, as enabled by Arra's access to asset-backed financing solutions. 'With today's announcement, we have rapidly advanced Arra's growth trajectory, substantially improving our ability to be the premier financing partner for franchise and select independent dealers,' said Kenn Wardle, Chief Executive Officer of Arra Finance. 'After only six months in market, we are on track to outpace our growth targets by a number of years, and we have developed the platform capabilities necessary to deliver responses to credit applications in a matter of seconds. I look forward to welcoming our new team members as we bring our combined offerings to market and continue to streamline the car buying experience for dealers and consumers across the country.' Gary Solomon Sr., Chairman of Crescent Bank praised the transaction, stating: 'Partnering with Arra and Obra has ensured the talent, momentum and reputation Crescent has garnered over the years will continue to support the auto industry, as Crescent Bank shifts its focus to our core retail banking business.' Crescent Bank has significantly grown its online banking presence nationwide in recent years, particularly in its offering of Certificates of Deposits. Mr. Solomon added, 'This is a pivotal moment for Crescent Bank, as we refocus our investment strategy in support of our local New Orleans area community and nationwide customers alike.' 'Today's announcement is a major growth milestone for Arra, and a testament to the opportunity in the auto finance market,' added Blair Wallace, President and CEO of Obra. 'With the capital structure and flexibility provided by Obra's insurance company balance sheets, Arra has taken decisive and aggressive steps to meet the needs of dealers across the country and become a leading player in the subprime space. The business is capitalized for success in the long term, and we look forward to seeing what's next.' About Arra FinanceArra Finance is a subprime indirect auto finance company that purchases and services retail installment contracts originated by U.S. automobile dealers. Arra offers fast, simplified solutions and options for dealers. The company's cutting-edge auto finance platform provides more than 1,200 franchise and independent dealerships across 15 states (with planned business expansion to dealerships in 37 states) with auto financing solutions for used car buyers. Its scalable origination system and data warehouse provide dealers with access to finance solutions and enables them to facilitate auto sales for the dealership's customers. For more information about Arra Finance, please visit About Crescent BankCrescent Bank is a Louisiana chartered, FDIC insured bank which has served the New Orleans area community since 1991 providing retail banking services and direct lending to businesses and consumers. Shortly after its founding, Crescent Bank began to open loan production offices throughout Louisiana to provide auto loans to consumers who were not being served by traditional lending institutions. As the bank succeeded and grew, its geographical lending footprint expanded nationwide. In recent years it has further expanded its retail operations to include offering certificates of deposits to consumers and investors in all states. About Obra CapitalObra is a specialized alternative asset management firm with approximately $5.8 billion in capital under management as of May 31, 2025. Obra provides investment products and solutions across insurance, multi-sector credit, asset-based finance and longevity investment strategies. Obra aims to generate long-term value and attractive returns for investors through a variety of funds and separate accounts. With capabilities in investing, originating, structuring and servicing, Obra strives to provide differentiated investment opportunities and capital solutions for investors worldwide. For more information about Obra and its registered investment advisors, please visit Media Contact:Dan GagnierGagnier CommunicationsObra@
