Sep 17

SIUE and USTRANSCOM Extend STEM Education Partnership


Edwardsville, Ill. (PRWEB) September 16, 2014

U.S. Transportation Command (USTRANSCOM) and Southern Illinois University Edwardsville have refreshed their initial partnership to enhance science, technology, engineering and mathematics (STEM) education for the local 10-county Illinois region.

The organizations signed a second three-year Education Partnership Agreement (EPA) in July 2014, which enables USTRANSCOM, other military organizations at Scott AFB and SIUE to mutually benefit from the partnership.

Through the EPA, the partners support STEM activities through volunteers, donation of STEM-focused equipment and collaboration. The SIUE STEM Resource Center has received items from the base including computers and laboratory equipment, which are now available for local K-12 schools to use in technically focused classes.

“The Scott AFB STEM program engages in a wide variety of activities to encourage our youth to be excited about STEM and consider careers in those disciplines,” said Dr. Donald Erbschloe, chief scientist of Air Mobility Command and leader of the Scott AFB STEM program. “STEM activities introduce children in their early school years to technical fields that are also interesting, and sustain and encourage their interest through high school and beyond.”

“The partnership with Scott AFB, through US Transportation Command and the leadership of Dr. Erbschloe, remains a successful collaboration for delivering STEM knowledge and experiences throughout southwest Illinois,” said Dr. Jerry Weinberg, SIUE associate provost for research, dean of the Graduate School. “We welcome the next three-year partnership as a way to build upon our first successes in providing STEM equipment and activities for our local population.”

“USTRANSCOM’s donations of STEM equipment have significantly increased the number of students participating in hands-on STEM activities in the region,” said Dr. Sharon Locke, director of the SIUE STEM Center. “The donation of 12 robotics kits enabled us to support engineering instruction for 400 elementary and middle school students during summer 2014 alone. Because the kits are available for loan to any educator in the region, including local community groups, the impact is multiplied over many years.

“We estimate that more than 4,000 students have used USTRANSCOM-donated equipment during the past three years of the partnership. Additionally, 5,000 educators have searched the STEM Center’s online inventory developed with resources from USTRANSCOM. Through the online system, educators are able to browse our collection of STEM materials and find items to borrow at no cost to support their classroom and out-of-school instruction.

“The Resource Center helps individual teachers at all levels as well as scout groups, home-school parents, and other youth leaders by giving them the tools they need to teach STEM in a fun and engaging manner. The USTRANSCOM-SIUE partnership has greatly expanded our reach into rural and urban communities.”

“Providing equipment via SIUE to the area is just one area of cooperation for the base’s STEM program,” Erbschloe added. “We also work with organizations such as the Illinois Math and Science Academy, FIRST Robotics and directly with local schools to provide mentors, volunteers and encouragement for our youth to consider STEM as a lifelong interest and as a career.

“A robust population of technically-proficient young citizens is important to not only the future Department of Defense (DOD) but to our entire economy. The DOD itself recognized this importance several years ago and created the National Defense Education Program (NDEP), which provides resources across the nation, focused on areas near military installations. Scott AFB has a wealth of experts in the STEM professions and is especially well-positioned to work with our neighboring educational partners and students.”

“The STEM program is truly an investment in our future,” Scott AFB’s 375th Air Mobility Wing Schools Liaison Officer Dr. Cindy Doil said. “Schooling, either in our formal institutions or in the home, shapes the interests and lifetime activities of our youth. Exposing them to the excitement and reward of STEM at the right time and encouraging our young people to go after careers in these areas is beneficial to society and to the individual as well.

“Scott AFB has teamed up to promote STEM in many ways, including through SIUE. We will continue to seek opportunities to help our region. Examples of these collaborations are summer camps which teach youth how to build hovercraft and understand the science behind their operation, the science behind games, science in the health fields and robotics.”

For more information and opportunities to work with Scott AFB and SIUE on STEM activities, contact Air Mobility Command Public Affairs at (618) 229-7843.

Southern Illinois University Edwardsville provides students with a high quality, affordable education that prepares them for successful careers and lives of purpose. Built on the foundation of a broad-based liberal education, and enhanced by hands-on research and real-world experiences, the academic preparation SIUE students receive equips them to thrive in the global marketplace and make our communities better places to live. Situated on 2,660 acres of beautiful woodland atop the bluffs overlooking the natural beauty of the Mississippi River’s rich bottomland and only a short drive from downtown St. Louis, the SIUE campus is home to a diverse student body of nearly 14,000.







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Aug 27

RED Originates $20.5 Million for Two Skilled Nursing Properties for Ciena Healthcare


Dallas, TX (PRWEB) August 27, 2014

RED Capital Partners, LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED CAPITAL GROUP, LLC, recently completed a $ 20.5 million balance sheet loan for Ciena Healthcare for two high-quality skilled nursing facilities, which will provide a total of 236 beds, located in Shelby Township and Lansing, Michigan.

The financing package provides a bridge-to-FHA loan, which includes an earn-out that permits Ciena to increase debt outstanding prior to permanent financing. This structure allows them to increase loan proceeds eligible for HUD refinance as the building’s leasing progresses, thereby avoiding potential interim financing that might otherwise be necessary to satisfy HUD’s debt seasoning requirements.

“Kathryn Burton Gray, Adam Sherman and the entire RED team truly demonstrated their flexibility and willingness to work as a trusted partner with Ciena Healthcare,” said Mohammad Qazi, CEO of Ciena. “Upon engagement, RED monitored both projects; introduced a consistent draw process; negotiated deal and contract terms with our construction service providers, including the GC; and closed the transaction, all without disruption to the construction or funding process.” Qazi continued, “Ciena Healthcare was able to begin construction in 2013 prior to the final financing commitment so that the project could progress prior to the harsh Michigan winter season.”

Adam Sherman, Managing Director for RED said, “Our relationship with Mr. Qazi has spanned many years. When he approached RED with these two new projects, we were thrilled to work with him again to develop a financing package that matched his needs and allowed him to proceed with the projects while we firmed up details.” Sherman added, “Ciena is extremely dedicated to delivering high-quality skilled nursing care at the 34 properties they already operate in Michigan. RED is pleased to support Ciena’s continuing progress in upgrading the healthcare services and care environments available to Michigan nursing facility residents by providing a construction financing solution for the Shelby Township and Lansing projects.”    

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About RED CAPITAL GROUP, LLC

Recognized for its industry expertise, innovative and comprehensive structures, and consistently high rankings, RED CAPITAL GROUP, LLC has provided over $ 55.3 billion of integrated debt and equity capital since 1990 to the seniors housing and health care, multifamily, affordable, and student housing industries through three operating companies. RED Mortgage Capital, LLC is a leading Fannie Mae DUS® and MAP- and Lean-approved FHA lender with a mortgage servicing portfolio of almost $ 18 billion. RED Capital Markets, LLC (MEMBER FINRA/SIPC) is a leader in the distribution of Fannie Mae and Ginnie Mae Project MBS, and provides structuring, underwriting, placement, and advisory services for tax-exempt and taxable housing and health care bonds. RED Capital Partners, LLC provides proprietary debt and equity solutions, and asset management in a range of forms, including subordinated gap and bridge loans. RED CAPITAL GROUP, LLC is a subsidiary of ORIX USA Corporation.

About ORIX USA Corporation

ORIX USA Corporation is a diversified financial company with approximately $ 6 billion of assets in sectors spanning commercial finance, venture finance, commercial real estate and public finance, as well as $ 25 billion of assets managed for others. Operating subsidiaries include Houlihan Lokey, RED CAPITAL GROUP and Mariner Investment Group. Headquartered in Dallas, Texas, ORIX USA and its subsidiaries have more than 1,400 employees and offices in major cities including New York, Los Angeles, London and Tokyo.

ORIX USA is a wholly owned subsidiary of ORIX Corporation, a Tokyo-based, publicly owned international financial services company with operations in 35 countries worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX USA, visit http://www.orix.com.

DUS® is a registered trademark of Fannie Mae







Jul 16

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Jul 16

peerTransfer and Nelnet Expand Parternship, Enhancing International Payment Options For Educational Institutions

Boston, Mass. (PRWEB) July 16, 2014

peerTransfer, the leading provider of innovative global payment solutions for the education industry, and Nelnet, Inc. a leading provider of campus commerce services for K-12 and higher educational institutions, have enhanced their partnership to provide clients with real-time payment status updates via deeper platform integration. In addition, the expanded partnership will include additional Nelnet business units, FACTS Management Company (K-12 tuition management services), Unilink Data Systems (Tuition management services in Australia) and FirstMark (Education Loan Servicing).

“We are thrilled to have finalized the second phase of our integration with Nelnet”, said Mike Massaro, Chief Executive Officer of peerTransfer. “Our two solutions bring together best-in-class technology and service that truly streamlines the international payment experience for students and institutions alike.”

Nelnet clients can now deploy peerTransfer’s international payment solution in QuikPAY and will soon be able to deploy the solution in Enterprise, Nelnet’s next generation eCommerce payment platform. This collaboration will provide a seamless and secure way for institutions to collect both international and domestic online payments.

“Deepening our integration with peerTransfer is a great win for Nelnet and the clients we serve,” said Tim Tewes, President of Nelnet. “peerTransfer truly understands the needs of the international payer as well as what institutions require when reconciling these payments.”

Together, peerTransfer and Nelnet, have highlighted the importance the international student has on campus and delivered an international payment experience where both the institution and the payer benefit.

“We are excited to take advantage of this second phase of integration between peerTransfer and Nelnet,” said Mark Waters, Director of Student Receivables at Massachusetts Institute of Technology (MIT). “This integration allows our payers (students and their families) the ability to initiate a peerTransfer payment in our QuikPAY eBilling and ePayment system and receive real-time status updates, while also providing MIT Student Financial Services with a dynamic integration into our student information system, it is the best of both worlds.”

About peerTransfer Corp

peerTransfer is the leading provider of innovative global payment solutions for the education industry. The company enables thousands of international students and hundreds of institutions from all over the world to save time and money when making or receiving international payments. Compared to using traditional banks, students can save on lower fees, enjoy a more convenient online experience, and receive superior customer service when dealing with the complexities of international payments. Institutions benefit from peerTransfer’s free solution because they remain compliant with ever-changing international regulations and save time and money by improving the processing and posting of international payments. The company is headquartered in Boston, with additional offices in Europe.

For more information, visit http://www.peerTransfer.com.

About Nelnet, Inc.

For more than 35 years, Nelnet has been helping families plan, prepare, and pay for their education. Additional information is available at http://www.nelnet.com.

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