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Nutmeg and Mace Market: Mace Spice, Nutmeg Spice, Supplier Market Intelligence Insights, Cost Saving Opportunities, and Spend Growth Data Now Available from SpendEdge

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SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Nutmeg and Mace Category – Procurement Market Intelligence Report.

Factors like the growth in international trade of mace spice and nutmeg spice coupled with its wide range of culinary applications across India, China, and other Southeast Asian countries are contributing to the accelerating spend growth momentum for the nutmeg and mace market.

There are not many countries that account for the production of the mace spice and the nutmeg spice. This makes it necessary for the buyers to procure from suppliers who are closer to their facility. This will help the suppliers to deliver spices with low lead times and offer cost-effective purchase rates to the buyers, says SpendEdge procurement expert Tridib Bora.

Recent analysis of the market has revealed that the nutmeg and mace category experiences dynamic growth and demand across various regions. Our experts have determined parameters that have proven effective in creating a marketing strategy that is aligned with the markets needs. Request a FREE sample report to know why we are the preferred choice among leading Fortune 500 companies.

The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for the nutmeg and mace market.

  • Increasing international trade of mace spice and nutmeg spice 
  • Rising demand for essential oils derived from nutmeg and mace from the dentistry sector
  • Not what you are looking for? Our industry experts will work directly with you to understand your requirements and offer customized information! Get in touch

SpendEdges procurement market intelligence reports for the agro commodities and raw materials category identify the key category management objectives and provide insights into category pricing strategies. It also helps the buyers to analyze supplier relationship management metrics during the category procurement process. Additionally, SpendEdges reports provide insights on the sustainability and procurement best practices for the category.

Report scope snapshot: Nutmeg and mace market

Suppliers selection

  • Supplier selection criteria
  • Service level agreement
  • Interested to know more about the scope of our reports? Download a FREE sample

Cost-saving opportunities

  • Quantifying cost-saving opportunities
  • Quantifying cost savings by negotiation strategies
  • Want customized information? Get in touch

Category pricing insights

  • Total cost of ownership analysis
  • Overview of pricing models
  • To view this reports table of contents, Download a FREE sample

Do you purchase multiple reports in a year? Our subscription platform, SpendEdge Insights, provides ready-to-use procurement research reports for multiple categories, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day FREE trial now.

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About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions.

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Lument Provides $21.5 Million in Freddie Mac Financing for Affordable Housing in El Paso

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NEW YORK, Dec. 2, 2020 /PRNewswire/ — Lument, a national leader in commercial real estate finance,   announced today that it provided a $21.5 million Freddie Mac unfunded forward commitment loan to facilitate the substantial renovation of Jackie Robinson Memorial Apartments, an affordable multifamily property in El Paso, Texas.  Lument is the combined organization of legacy industry experts Hunt Real Estate Capital, Lancaster Pollard, and RED Capital Group.

“By combining the Freddie Mac unfunded forward loan with tax credit equity and other soft funding sources, we were able to put in place an attractive debt structure to help improve these much-needed affordable apartments,” said Josh Reiss, director at Lument.

Originally built in 1975, Jackie Robinson is a 186-unit, 4% low-income housing tax credit (LIHTC) community in the Housing Authority of the City of El Paso (HACEP) portfolio. As part of the transaction, the property will receive Section 8 assistance that will facilitate the conversion to long-term, project-based voucher (PBV) rental assistance. Subsequently, all 186 units will be restricted to tenants earning income at or below 60% area median income (AMI).

The $21.5 million Freddie Mac loan features a low, fixed interest rate, 18-year term with three years of interest only, and a 35-year amortization schedule. The forward commitment term will be 30 months with one six-month extension.

Jackie Robinson will undergo substantial interior and exterior construction, including a gut renovation of all residential units, from new drywall to new kitchen appliances. In addition, exteriors will be improved with new windows and doors, repaired or replaced roofs, and new stair towers.

Construction began in October 2020 and is expected to be complete within 24 months.

Mr. Reiss and the Lument team have financed over 960 units in partnership with HACEP, totaling $41 million. Since 2015, the team has financed over $565 million in RAD transactions for a total of approximately 6,500 units.

About Lument
ORIX Real Estate Capital Holdings, LLC, d/b/a Lument, is a subsidiary of ORIX Corporation USA. Lument is a national leader in commercial real estate finance. As the combined organization of legacy industry experts Hunt Real Estate Capital, Lancaster Pollard, and RED Capital Group, Lument delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument is a Fannie Mae DUS®, Freddie Mac Optigo®, FHA, and USDA lender. In addition, Lument offers a suite of proprietary commercial lending, investment banking, and investment management solutions. Lument has approximately 600 employees in over 25 offices across the United States. Securities, investment banking, and advisory services are provided through OREC Securities, LLC, d/b/a Lument Securities. Member FINRA/SIPC. For more information, visit www.lument.com.

MEDIA CONTACT                                                                                                           
Michael Ratliff | Marketing Director
212-588-2163 | [email protected]

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SOURCE Lument

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Former SEC Senior Counsel Strengthens McDermott's Investigation & Litigation Bench

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BOSTON, Dec. 2, 2020 /PRNewswire/ — International law firm McDermott Will & Emery continues to grow its litigation footprint with the addition of Boston-based partner Caitlyn M. Campbell, former senior counsel to the co-directors of the Division of Enforcement at the US Securities and Exchange Commission (SEC), who brings significant experience in SEC investigations, international investigations, anti-corruption matters as well as securities and derivative litigation.

“Clients will immediately benefit from Caitlyn's sharp business acumen and well-balanced experience between private practice and as a highly accomplished SEC enforcement lawyer,” David Rosenbloom, head of McDermott's litigation practice, said. “Caitlyn recognizes that success is achieved by understanding our clients' businesses, investing in their success and putting their interests first as she works on their behalf as a fearless advocate in the face of tough government actions.”

Caitlyn spent eight years at the SEC, most recently advising the co-directors of the Enforcement Division in Washington, DC. Previously, she served as senior investigative counsel where she led all aspects of investigations involving complex insider trading schemes, market abuse, market manipulation, misappropriation of investor funds, accounting fraud, investment adviser fraud and the Immigrant Investor Program. In addition to her investigative work, Caitlyn co-chaired the committee tasked with proactively detecting accounting and disclosure fraud in the New England region, served as the liaison to the national Financial Reporting and Audit Group and was a member of the Enforcement Division's COVID-19 Steering Committee.

“I am honored that my return to private practice is with McDermott, and I am confident I can provide clients with world-class service and the informed counsel they need to tackle their most pressing issues,” Caitlyn said. “I look forward to joining the exceptional team of lawyers at McDermott and finding creative solutions to our clients' most complex problems, drawing on the knowledge and experience I have gained at the SEC.”

Caitlyn focuses her private practice on securities class action and derivative litigation, and compliance matters with extensive experience in matters involving potential violations of the federal securities laws, including accounting issues, various issues in the investment management industry, insider trading, anti-corruption and Foreign Corrupt Practices Act (FCPA) compliance and whistleblower claims. Caitlyn represents boards, senior management teams, hedge funds and private equity firms in connection with matters before enforcement and regulatory agencies including the SEC, the Department of Justice, the Internal Revenue Service and the Financial Industry Regulatory Authority. Caitlyn holds a JD from Boston University School of Law (cum laude) and a BA from Cornell University.

Since the start of 2020, McDermott has added 24 lawyers to our litigation group and projects additional growth throughout 2021. The Firm most recently deepened our bench in New York with the addition of Carlos Ortiz.

About McDermott
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

 

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SOURCE McDermott Will & Emery

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Most Americans Ill-Equipped in Financial Retirement Planning: MoneyRates Survey

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FOSTER CITY, Calif., Dec. 2, 2020 /PRNewswire/ — Many Americans may be steering the Titanic without a map when it comes to retirement finances. A new MoneyRates.com survey finds a significant portion of the population understands very little about retirement planning and lacks essential information to make the right moves.  

The personal finance website polled 1,000 Americans who are either within 20 years of retirement age or have already reached that age. The results reveal roughly two-thirds of respondents haven't made any kind of projection of how their savings will hold up in retirement.

“A person's savings is a basic building block of retirement planning,” remarks Richard Barrington, MoneyRates' senior financial analyst and author of the survey. “One needn't be a financial expert to take control of retirement planning. People should take the initiative to get the help they need to feel comfortable with their retirement plan.”

Find the full study here: Investor Aptitude: Are You Ready to Manage Your Retirement Finances?

Key survey findings:

  • Most respondents (54.90%) haven't formulated a monthly budget for what they could afford to spend in retirement.
  • About one in four (25.80%) expect their retirement savings would last less than five years.
  • Nearly a quarter (23.10%) say if their retirement savings fall short, they'd simply go back to work again.
  • While just 20.95% of people who haven't started collecting Social Security intend to begin taking those benefits at age 62, well over twice as many – 49.28% – of those who had begun collecting Social Security did so at age 62.
  • A third of survey respondents (33.30%) admit they do not know much about retirement planning concepts.
  • Of the respondents who own stocks, more than a quarter (26.86%) don't know what percentage of their retirement savings those stocks represent.

“Stocks are the riskiest of all investments people own,” adds Barrington, “so it's rather shocking that roughly a quarter of those responding to our survey don't know how much they own in stocks.”

Since these survey results make it clear that many Americans need help with retirement planning decisions, MoneyRates suggests consumers use its resources, such as a retirement savings calculator and a guide on understanding robo advisors for assistance.

Methodology

MoneyRates commissioned a survey of 1,000 people, half aged 65 or above and half between the ages of 45 and 64. Thus, half of respondents had reached the traditional retirement age and half were within 20 years of reaching that age. Questions were designed to explore key retirement-planning decisions people face before and after they retire.

Barrington is available for interviews and can discuss this survey and many other issues related to personal finance.

About MoneyRates

MoneyRates is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a leader in providing performance marketplace technologies and services to the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. The company is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs. MoneyRates is a member of QuinStreet's expert Research and Publishing Division.

Since 1998, MoneyRates has served as a personal finance resource designed to help readers make the most of their money. In addition to a variety of financial calculators, MoneyRates.com researches and tracks CD, savings, and money market rates offered from over 400 financial institutions across the country to offer expert advice on banking, investing and retirement planning.

Twitter: @MoneyRates
Facebook: www.facebook.com/MoneyRatesdotcom

Media contact

Charlene Arsenault
Media Outreach Specialist
[email protected]
Direct +1-508-832-8918
LinkedIn

 

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SOURCE MoneyRates.com

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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