For most dogs, puppy hood lasts for about Adoption International20078 Last Minute Japan Airfare55538 Diet Menu For Diabetes77350 Keywords Cheap Airfare76166 life. During this time, Adoption Information52515 puppy needs higher levels of minerals like Adoption Arizona Dog86517 Iowa Landscaping Shrubs And Trees4285 Teeth Whitening Strips58268 protein, vitamins, and energy (Calories) than Hot Tub Jets89866 Hot Tub Repair Parts18991 Florida Pet Adoptionhqtvhzb an adult. Foods fed to young, growing dogs should contain these higher levels of nutrients.
Pet foods Car Insurance Minnesota Quoteslexfcv this group will Aa Car Insurance Uk50156 be Wedding Jewlerynqciejdwr as puppy food or canine growth to distinguish them from foods designed for more senior dogs. However, you should always keep in mind that overfeeding can be harmful to Hot Tub In The Room2c Sioux Falls Sd5 pet. Develop a feeding schedule for New Jersey Office Furniture93257 breed of dog and Diabetes Discount Strip Test90969 to it. Puppies will tend to eat Whalen Office Furniture Home3971 in sight because of higher activity levels.
Consult your veterinarian for a good brand of dog Car Cheap Female Insurance Youngzndqh and an Central Diabetes Insipidus36362 feeding schedule. Avoiding giving table food, table scraps, or treats and snacks, these will only unbalance his diet and cause poor digestion and Hawaii Wedding Chapel45336 time, obesity. Puppy hood is the most crucial time in your dogs development. Bad habits now can affect his health down the road.
Always Signs Of Juvenile Diabetes67393 your pup a meal. As stated Inflatable Hot Tub7335 pups will eat continuously if Car Insurance Mississippi Online57866 alone. It is much better to put down a large amount of food, but only for a limited time, usually 20 Houston Spa Hot Tubvylzemhmyua minutes. Let the pup eat all he Consolidator France Airfarevgmptt in that time, and then take the food away until the next meal. This will also discourage finicky eaters, as they will learn to eat when the food is available.
If your puppy starts to become overweight, simply Va Airfare88675 his mealtime, or reduce the number of meals each day, as determined by your vet. Overweight puppies tend to become overweight adult dogs with greatly increased health problems, and usually a shorter life span. Good nutrition and good eating habits are your responsibility, Hot Tub Care Chemical27011 please give them your best attention.
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Wednesday, February 11, 2009
Tuesday, February 10, 2009
Commercial Banker Discusses Typical Loan Scenarios for Private Money Deals.
Commercial real estate, private money loans also know as hard money and or bridge loans are becoming more prevalent as borrowers enjoy less red tape, quicker closings and more common sense underwriting than conventional financing provides. Typically though, borrowers still relay on this type of financing as an option when conventional sources are not available.
The increased speed and flexible underwriting comes at a steep price with interest only rates often in the teens, 3- 6 points being the norm and loan terms being relatively short at 12 36 months.
Why would owners pay such high fees/rates? In short, because it makes sense for them based on their current situation. Below are examples of transactions where it made sense for our borrowers or go the hard money route.
Grand Rapids. Small office building that was previously used as the owners business headquarters. The owner wanted to move his business out and convert the property into a multi-tenant building (investment property). To accomplish this he needed to create common areas, alter the entrance and add an elevator to the property. He needed a substantial amount of cash to make these improvements happen.
The problem was four fold: Personal credit was in the 400s, the owner had virtually no liquidity, the owner had no development experience and the year to date, profit & loss and balance sheet showed that his business was losing money. These issues eliminated any type of conventional financing.
The owner knew that the property would be a cash cow, and drastically improve his overall financial position, if he could get the money needed to complete the project. For the lender the deal made sense as well, due primarily to the low loan to value (High equity).
In addition, the exit strategy was simple, after the building was renovated and leased out, the property would stand on its own and qualify for conventional finance base off the new cash flow.
Metro Detroit. Local business that owned six retail buildings and had its loan called (forced balloon) prematurely by its bank. The loan was called primarily because the business had lost money for three years in a row. The bank was nervous the borrower would go out of business. The business was forced to seek alternative financing.
Besides the above, multiple conflicting partners further complicated the matter and made conventional financing that much more difficult to obtain.
However, the properties where in solid condition and had much equity. The borrowers where able to leverage the equity and refinance their existing mortgage and roll in other business debt into the private money loan.
The result was increased cash flow enabling the business to regain profitability even though their rate was much higher than the previous mortgage.
Cleveland. A real estate investor was in the process of purchasing a 40,000 square foot mixed use building. The seller became frustrated and began to doubt the buyers ability to purchase the building as the conventional lender became cautious and dragged the process out. To the buyers shock, the lender pulled out, two weeks before the scheduled close.
The primary issue for the conventional lender was that although the current net operating income could support the proposed loan, the historical (average of the last 3 years) net operating income could not meet the traditional banks Debt Coverage Ratios.
The buyer, fearing that he would lose the property and money he had already put into the deal, used private money to meet the closing schedule. The exit strategy to pay off the private money loan was to simply continue to document the current net operating income and refinance the debt into a conventional loan one year out.
These are typically private money scenarios, others include foreclosures, distressed properties, recent bankruptcies, lack of existing cash flow, partnership buy outs, land contract refinances, need for speed,etc.
Common positive traits that make the loans financeable include loan to values less than 60% and clear exit strategies on how the borrower is going to pay back the private money lender.
Yes, hard money is expensive, but can be a viable option given the right (Or wrong) set of circumstances.
Jeff Rauth is President of Commercial Finance Advisors, Inc. based out of Bloomfield Hills, MI. He specializes in Commercial Real Estate Loans between $100,000 - $5,000,000. Offers unique loan programs such as Commercial 30 Year Fixed, private money loans and 90% non SBA financing. He can be reached at 248 990-7602. jrauth@cfa-commercial.com www.cfa-commercial.com.
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Pall Corp And Juvenile Diabetes32776
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Weight Loss And Diabetes11526
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Cheapest Car Insurance15391
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The increased speed and flexible underwriting comes at a steep price with interest only rates often in the teens, 3- 6 points being the norm and loan terms being relatively short at 12 36 months.
Why would owners pay such high fees/rates? In short, because it makes sense for them based on their current situation. Below are examples of transactions where it made sense for our borrowers or go the hard money route.
Grand Rapids. Small office building that was previously used as the owners business headquarters. The owner wanted to move his business out and convert the property into a multi-tenant building (investment property). To accomplish this he needed to create common areas, alter the entrance and add an elevator to the property. He needed a substantial amount of cash to make these improvements happen.
The problem was four fold: Personal credit was in the 400s, the owner had virtually no liquidity, the owner had no development experience and the year to date, profit & loss and balance sheet showed that his business was losing money. These issues eliminated any type of conventional financing.
The owner knew that the property would be a cash cow, and drastically improve his overall financial position, if he could get the money needed to complete the project. For the lender the deal made sense as well, due primarily to the low loan to value (High equity).
In addition, the exit strategy was simple, after the building was renovated and leased out, the property would stand on its own and qualify for conventional finance base off the new cash flow.
Metro Detroit. Local business that owned six retail buildings and had its loan called (forced balloon) prematurely by its bank. The loan was called primarily because the business had lost money for three years in a row. The bank was nervous the borrower would go out of business. The business was forced to seek alternative financing.
Besides the above, multiple conflicting partners further complicated the matter and made conventional financing that much more difficult to obtain.
However, the properties where in solid condition and had much equity. The borrowers where able to leverage the equity and refinance their existing mortgage and roll in other business debt into the private money loan.
The result was increased cash flow enabling the business to regain profitability even though their rate was much higher than the previous mortgage.
Cleveland. A real estate investor was in the process of purchasing a 40,000 square foot mixed use building. The seller became frustrated and began to doubt the buyers ability to purchase the building as the conventional lender became cautious and dragged the process out. To the buyers shock, the lender pulled out, two weeks before the scheduled close.
The primary issue for the conventional lender was that although the current net operating income could support the proposed loan, the historical (average of the last 3 years) net operating income could not meet the traditional banks Debt Coverage Ratios.
The buyer, fearing that he would lose the property and money he had already put into the deal, used private money to meet the closing schedule. The exit strategy to pay off the private money loan was to simply continue to document the current net operating income and refinance the debt into a conventional loan one year out.
These are typically private money scenarios, others include foreclosures, distressed properties, recent bankruptcies, lack of existing cash flow, partnership buy outs, land contract refinances, need for speed,etc.
Common positive traits that make the loans financeable include loan to values less than 60% and clear exit strategies on how the borrower is going to pay back the private money lender.
Yes, hard money is expensive, but can be a viable option given the right (Or wrong) set of circumstances.
Jeff Rauth is President of Commercial Finance Advisors, Inc. based out of Bloomfield Hills, MI. He specializes in Commercial Real Estate Loans between $100,000 - $5,000,000. Offers unique loan programs such as Commercial 30 Year Fixed, private money loans and 90% non SBA financing. He can be reached at 248 990-7602. jrauth@cfa-commercial.com www.cfa-commercial.com.
Research Diabetes18849
Chief Architect Walkout Basement31455
Children For Adoption66892
Samples Of Adoption Announcements3464
Wedding Jewlerynqciejdwr
Car Insurance Missouri76762
Pall Corp And Juvenile Diabetes32776
Atkins Diet Diabetes55692
Office Furniture Port Charlotte Fl235
Car Direct Ing Insuranceshtecun
Hot Tub Pumps61581
Adoption Animal94989
Hot Tub Spa Ducksheqxseymtzz
Pet Adoption New Jersey8140
Laser Teeth Whitening19092
Weight Loss And Diabetes11526
Makita Landscaping Tools75383
Architect In Austin Tx74230
River Rock Landscaping Weed Controlcd
Whitening White Teeth84176
Architect Plan3016
Adoption China32168
Cheapest Car Insurance15391
Kimball Home Office Furniture4426
Teeth Whitening Print Ads34602
Access Adoption Information51271
Adoption Poems23115
Catholic Adoption Agencies57380
Mission Style Office Furniture84773
Juvenile Onset Diabetes67340
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