Saint Disruption Releases Debut Album ‘Rose In The Oblivion’
Apr 8, 2021
Rose In The Oblivion, today. The collective is led by renowned keyboardist John Medeski as well as scientist and ceremonial healer
Jeff Firewalker Schmitt.
The two artists met in 2008 while on a retreat in the Amazon rainforest of Ecuador to work with a shaman healer. Twelve years later as the world was experiencing a global pandemic along with socio-political turbulence, Medeski and Schmitt rekindled their friendship and began collaborating as Saint Disruption and working on the “sweeping seven-track opus of probing and political neo-funk,” as per a press release.
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Cheaper mezzanine funding on the cards for developers
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The resurgent housing market has delivered a double boost to residential developers in the form of cheaper debt as banks look to partner again with mezzanine lenders.
“Residential is back with a vengeance and, particularly over the last six months, off-the-plan developers are able to show the strong pre-sales needed to secure mezzanine finance through the main trading banks,” Michael Hynes, joint managing director of mortgage originator Stamford Capital, said.
Mezz is back: Stamford Capital’s co-managing directors Domenic Lo Surdo, left, and Michael Hynes.
Mezzanine finance is a higher-returning – but riskier – form of credit that ranks behind the senior, or bank, debt for repayment. By combining bank debt with a mezzanine loan from a non-bank lender, Mr Hynes said developers could cut their borrowing costs by 15 to 20 per cent.
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