SBA Financing - The Recovery Act provides $730 million to the SBA to make changes to the agency's lending and investment programs. The Act provides $375 million for the temporary elimination of fees on SBA-guaranteed loans and increased SBA guarantee percentages of up to 90 percent on certain loans. In addition the Treasury Department is committing up to $15 billion to help unlock the secondary mortgage markets. These changes will result in lower financing costs (more than 3% of the loan amount) and an increased supply of credit, as lenders enjoy increased credit protection and secondary market liquidity.
Commercial Mortgage Consulting Services - Commercial real estate owners and lenders are facing a complex set of circumstances that are creating stress in even the most conservatively underwritten real estate investment. The current economic conditions are challenging all areas of commercial real estate property management and lending compared to the peak years of 2006-2007. Robert T. Gibney & Associates has assembled a team of seasoned professionals to review, analyze, and restructure commercial real estate loans.
Your real estate clients may benefit from these services:
• Objective analysis of the subject property in relation to competing properties in the sub-market
• Develop strategies to reduce the risk of loan default for loans maturing in the next 3-5 years
• Assist in negotiating Loan Workouts and Modifications
Link for additional information
http://www.azcommercial.biz/pdf/RTG_Commercial_Mortgage_Consulting.pdf
Underwriting Update – New financing continues to be available from a select group of balance sheet lenders. These lenders use their own capital to fund loans. In addition they retain loans on their balance sheet for the entire loan term. In contrast to recent years, lenders are using a traditional approach to underwriting using the following criteria:
PROPERTY
• Actual Cash Flow – trailing 12-month data (Net Rent Collections, Operating Expenses, Vacancy Rate). Consideration is given to declining trends in net operating income.
• Debt Coverage Ratio – 1.25 to 1.5 debt coverage ratio
• Reserve for Debt Coverage – Reserve account held by lender to be used in the event that existing tenants default or fail to renew their leases
BORROWER
• Global Cash Flow – A detailed evaluation of the borrower’s cash flow for all real estate investments, businesses, and personal obligations
• Exposure to Short-Term Liabilities – Evaluation of the potential risk associated with the borrower’s need to payoff loans in the next 1-3 years
• Post-Closing Liquidity – The availability of cash and marketable securities is an important consideration for many lenders. Loans may include a covenant requiring the borrower to maintain a minimum amount of liquid assets during the term of the loan
IN THE NEWS
MULTIFAMILY - WSJ April 8, 2009 - The nation's apartment market deteriorated in the first quarter as rising unemployment dashed landlords' hopes that the housing downturn would create a soft landing by bringing former homeowners back as renters. The vacancy rate for the top 79 U.S. markets jumped to an average 7.2%, a full percentage point increase over the past two quarters and the highest level since the first quarter of 2004, according to statistics from Reis Inc., a New York real-estate-research firm. The jump in vacancies came even as landlords reduced rents. Asking rents, which exclude concessions and are often the starting point for rent negotiations, fell 0.6%, the largest fall since Reis began its count in 1999. Effective rents, or the rents that landlords actually collect, fell 1.1% in the first quarter to $984.
COMMERCIAL – WSJ April 8, 2009 - Commercial landlords continue to lose retail tenants at an accelerating pace, indicating that the industry's troubles are worsening. The amount of occupied space in U.S. shopping centers and malls declined a net 8.7 million square feet in the first quarter of 2009, according to real-estate-research company Reis Inc. The amount of occupied space lost in that one quarter was more than the total amount of space retailers gave back to landlords in all of 2008 and any other year in recent history, according to Reis.
All of this information was made available to me from
Robert T. Gibney & Associates
4300 N. Miller Road, Suite 212
Scottsdale, Arizona 85251
Phone (480) 429-3642 Mobile (602) 315-5671
Email rgibney@AzCommercial.Biz
www.AzCommercial.Biz
Mortgage Broker Lic. MB0904411
Maureen Karpinski
Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties
Showing posts with label Tax Rebates. Show all posts
Showing posts with label Tax Rebates. Show all posts
Wednesday, April 15, 2009
Monday, April 7, 2008
Views you can use
Provided to you Exclusively by Kevin Host
Kevin HostSales ManagerCountrywide Home LoansDirect: 480-314-7820Fax: 480-661-1825Email: Kevin_F_Host@Countrywide.ComWebsite: www.KevinHost.com
For the Month of April 2008 --- Vol. 3, Issue 4
IN THIS ISSUE...
Spring is officially here! And with it comes warmer weather... longer days... and your Economic Stimulus Package tax rebate! Do you know when to expect yours? The tax rebate article below can help you figure out when you'll receive your money. And it provides you some insight into how you can help make sure you get it sooner rather than later!
While you may have to wait a bit for your rebate, the car wash tips below can help you save cash today. The article breaks down the best way to keep your car shining like new and preserving your resale value, while saving money by not paying for unnecessary car wash features.
Remember, this information may be of interest to your friends, family members, and coworkers. So feel free to pass it along to help make their spring a little brighter. And call or email me with any questions.
TAX REBATES MAILING SOON... WHEN WILL YOU GET YOURS?
Timing Is Everything! We all know the deadline for filing your 2007 taxes is quickly approaching. But you may want to be ahead of the curve if you want your tax rebate sooner, rather than later. That's because tax rebates will start going out on May 2... but only to taxpayers who have their returns processed--not just sent--by April 15. The closer it gets to mid-April, the more the IRS gets backed up to process the flood of returns--sometimes taking a couple of weeks to complete. E-filers will get their rebates more quickly, since electronic returns can be processed faster. However, even e-filers should have their returns in by April 10 to be safe.
Would You Like Paper? Or Electronic? Tax rebate checks will start going out on May 2. But here's the deal... taxpayers who chose direct deposit will be first in line. According to the IRS, all direct deposit tax rebates will be wired between May 2 and May 16. Paper checks won't start going out until May 16, and aren't expected to be completed until mid-July.
What's Your Number? The IRS needs some way to determine the order of distributions - but they're not going alphabetically. Instead, tax rebates will be distributed in order of the last two digits of your Social Security number...the lower your number, the sooner you'll receive your payment. For a detailed breakdown of the order, take a look at the IRS's Stimulus Payment Schedule.
About seven to ten days before your rebate is sent, the IRS will send you a notice informing you how much it will be. If you signed up for direct deposit, however, you'll probably receive that information in the mail about the same time your rebate is deposited into your account, since direct deposit transactions are processed so quickly. But you don't have to wait that long to determine approximately how much you'll receive. To calculate your approximate rebate, visit the new online stimulus calculator on the IRS website.
Finally, it's important to remember that the rebate check will not be counted as taxable income and will not reduce your refund or increase the amount you owe when you file your 2008 return. However, if you owe back taxes, the IRS will apply your rebate to that bill and send you whatever is left over.
For more information, visit the Economic Stimulus Package Information page on the IRS website. You can even read detailed answers to Frequently Asked Questions.
AT THE CAR WASH...
"Those Cars Never Seem To Stop Coming... Keep Those Rags And Machines Humming!"~ Rose Royce
With spring in full swing and summer fast approaching, most people want to have their car looking good. Driving a nice clean car just feels good--and it can also help to preserve its appearance and resale value.
What's the Best Way to Clean Your Car... at the Car Wash or at Home?
Believe it or not, an automatic car wash is not only more convenient, but it can also be much safer for your car than washing the car at home. Why? If your car is washed by hand in direct sunlight, the drops of water turn into mini magnifying glasses, which can cause the sun's rays to burn spots into the paint--and this could cost you big when going to resell the vehicle. Additionally, many people use harsh household soap products, which remove protective wax and leave a chalky residue on the surface. Taking this into consideration makes the $8 to $15 automatic car wash fee look pretty reasonable.
Of course, the car wash has a number of "extras" that can add up fast and quickly double the cost of a quick car wash! Before you agree to the "works" package, find out what is included and decide if it is really worth the extra money to have a fresh scent sprayed in the interior, or a spray-on wax applied to the exterior.
Consider These Tips the Next Time Your Car Needs a Shine.
Rust Proof Spoof? Undercarriage rust proofing may be one of the extras you can do without. That's because most new cars were already rust proofed at the factory, and adding a car wash proofing adds little to nothing in terms of true protection.
Wax On, Wax Off. Many automatic car wash machines offer a spray-on wax feature. But, truth be told, spray-on waxes offer little more than a surface-level shine. A hand-applied wax, on the other hand, may be worth the investment because it helps restore precious oils and provides a UV-protective film.
Wash That Grease Away? In most cases, you'll want to avoid having your engine cleaned. The high-pressure water used to perform the engine cleaning can cause serious engine problems in new vehicles.
Undercarriage Cleaning. Rust proofing your car's undercarriage may not be necessary, but you should consider adding an undercarriage cleaning. It washes away residue from the winder and helps prevent buildup that a regular car wash can't reach.
Ring Around Your Tire? Tire dressings are a better investment and more important than they may seem at first. That's because they actually provide a strong cleaning that removes dirt and brake dust that may cause problems if left unchecked.
To Brush or Not To Brush. When it comes to automatic car wash machines, you should always opt for a brushless car wash. Older car wash facilities may still use brushes, which tend to leave light scratches in the paint. They can also remove the clear coat that was applied by the factory to protect the paint.
Kevin HostSales ManagerCountrywide Home LoansDirect: 480-314-7820Fax: 480-661-1825Email: Kevin_F_Host@Countrywide.ComWebsite: www.KevinHost.com
For the Month of April 2008 --- Vol. 3, Issue 4
IN THIS ISSUE...
Spring is officially here! And with it comes warmer weather... longer days... and your Economic Stimulus Package tax rebate! Do you know when to expect yours? The tax rebate article below can help you figure out when you'll receive your money. And it provides you some insight into how you can help make sure you get it sooner rather than later!
While you may have to wait a bit for your rebate, the car wash tips below can help you save cash today. The article breaks down the best way to keep your car shining like new and preserving your resale value, while saving money by not paying for unnecessary car wash features.
Remember, this information may be of interest to your friends, family members, and coworkers. So feel free to pass it along to help make their spring a little brighter. And call or email me with any questions.
TAX REBATES MAILING SOON... WHEN WILL YOU GET YOURS?
Timing Is Everything! We all know the deadline for filing your 2007 taxes is quickly approaching. But you may want to be ahead of the curve if you want your tax rebate sooner, rather than later. That's because tax rebates will start going out on May 2... but only to taxpayers who have their returns processed--not just sent--by April 15. The closer it gets to mid-April, the more the IRS gets backed up to process the flood of returns--sometimes taking a couple of weeks to complete. E-filers will get their rebates more quickly, since electronic returns can be processed faster. However, even e-filers should have their returns in by April 10 to be safe.
Would You Like Paper? Or Electronic? Tax rebate checks will start going out on May 2. But here's the deal... taxpayers who chose direct deposit will be first in line. According to the IRS, all direct deposit tax rebates will be wired between May 2 and May 16. Paper checks won't start going out until May 16, and aren't expected to be completed until mid-July.
What's Your Number? The IRS needs some way to determine the order of distributions - but they're not going alphabetically. Instead, tax rebates will be distributed in order of the last two digits of your Social Security number...the lower your number, the sooner you'll receive your payment. For a detailed breakdown of the order, take a look at the IRS's Stimulus Payment Schedule.
About seven to ten days before your rebate is sent, the IRS will send you a notice informing you how much it will be. If you signed up for direct deposit, however, you'll probably receive that information in the mail about the same time your rebate is deposited into your account, since direct deposit transactions are processed so quickly. But you don't have to wait that long to determine approximately how much you'll receive. To calculate your approximate rebate, visit the new online stimulus calculator on the IRS website.
Finally, it's important to remember that the rebate check will not be counted as taxable income and will not reduce your refund or increase the amount you owe when you file your 2008 return. However, if you owe back taxes, the IRS will apply your rebate to that bill and send you whatever is left over.
For more information, visit the Economic Stimulus Package Information page on the IRS website. You can even read detailed answers to Frequently Asked Questions.
AT THE CAR WASH...
"Those Cars Never Seem To Stop Coming... Keep Those Rags And Machines Humming!"~ Rose Royce
With spring in full swing and summer fast approaching, most people want to have their car looking good. Driving a nice clean car just feels good--and it can also help to preserve its appearance and resale value.
What's the Best Way to Clean Your Car... at the Car Wash or at Home?
Believe it or not, an automatic car wash is not only more convenient, but it can also be much safer for your car than washing the car at home. Why? If your car is washed by hand in direct sunlight, the drops of water turn into mini magnifying glasses, which can cause the sun's rays to burn spots into the paint--and this could cost you big when going to resell the vehicle. Additionally, many people use harsh household soap products, which remove protective wax and leave a chalky residue on the surface. Taking this into consideration makes the $8 to $15 automatic car wash fee look pretty reasonable.
Of course, the car wash has a number of "extras" that can add up fast and quickly double the cost of a quick car wash! Before you agree to the "works" package, find out what is included and decide if it is really worth the extra money to have a fresh scent sprayed in the interior, or a spray-on wax applied to the exterior.
Consider These Tips the Next Time Your Car Needs a Shine.
Rust Proof Spoof? Undercarriage rust proofing may be one of the extras you can do without. That's because most new cars were already rust proofed at the factory, and adding a car wash proofing adds little to nothing in terms of true protection.
Wax On, Wax Off. Many automatic car wash machines offer a spray-on wax feature. But, truth be told, spray-on waxes offer little more than a surface-level shine. A hand-applied wax, on the other hand, may be worth the investment because it helps restore precious oils and provides a UV-protective film.
Wash That Grease Away? In most cases, you'll want to avoid having your engine cleaned. The high-pressure water used to perform the engine cleaning can cause serious engine problems in new vehicles.
Undercarriage Cleaning. Rust proofing your car's undercarriage may not be necessary, but you should consider adding an undercarriage cleaning. It washes away residue from the winder and helps prevent buildup that a regular car wash can't reach.
Ring Around Your Tire? Tire dressings are a better investment and more important than they may seem at first. That's because they actually provide a strong cleaning that removes dirt and brake dust that may cause problems if left unchecked.
To Brush or Not To Brush. When it comes to automatic car wash machines, you should always opt for a brushless car wash. Older car wash facilities may still use brushes, which tend to leave light scratches in the paint. They can also remove the clear coat that was applied by the factory to protect the paint.
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