Securing Property Bargains Using Bridging Finance

In the current property market many opportunities exist to acquire both residential and commercial property at prices well below ‘Open Market’ valuation.These opportunities come about due to a wide variety of reasons including auction purchases, sales to avoid a re-possession and sales of properties already re-possessed and in the hands of a Bank or Mortgage Lender. The issue that Property Investors and Landlords face when looking to raise funding to acquire such properties is that all traditional Mortgage lenders will make an advance against the purchase price and not the actual property value as confirmed by a Professional Chartered Property Valuer. The use of a Short Term Loan,often referred to as ‘Bridging Finance’, is a viable and generally very quick way to raise funds in these situations.

They key advantage is that most Short Terms lenders will make a loan against the confirmed ‘ Open Market Value ‘ of the property whilst some will lend against the restricted valuation – often referred to as the 90 day value i.e the value the property sale would achieve if sold was required within a 90 day period under normal market conditions. Lending against the confirmed ‘ Open Market Valuation’ a Short Term Loan will normally be made up to a maximum of 75% Loan To Value Ratio ( LTV). Most Short Term Lenders will require the borrower to input a minimum of 10% – 15% of the purchase price in to the transaction but (dependent on the type and location of the property) it is possible to acquire a 100% advance if the property is being acquired well below the confirmed market value. Since the 2008 crisis in the Financial Markets and resulting lack of conventional lending options the use of Short Term Funding has become an increasingly popular method used to acquire properties and it can be used in most scenario’s. Loans can be secured against Residential, Commercial and Mixed Use Properties as well as Land and Development Sites. Many new Short Term Lenders have come in to the market including a number of established Personal Loan lenders who wish to take advantage of the popularity of the product.

As a result the Interest Rates for the Product have fallen due to increased competition and, dependent on the overall LTV, can be as low as 0.75% per calendar month or 9% per annum expressed on an annualised basis. Lender fees to set up the loan are generally circa 2% of the loan amount and the valuation charges will be at the borrowers expense. When using Short Term Funding to acquire a Residential Property with the intention to re-finance on to a conventional Buy To Let type of Mortgage it is important to understand that the vast majority of Buy To Let Mortgage Lenders will require you to have owned the property for a minimum of 6 months before they will allow what is technically a re-mortgage from the Short Term Facility. It is equally important therefore that a borrower calculates the overall cost of the Bridging Loan before they enter in to such arrangements to ensure the deal is still overall viable.

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Looking Up the Suitable Boat Finances

Maritime lending professionals, by and large, have direct links with the merchants themselves and consequently by mutual cooperation between the two, they can provide you additional enticements for your boat finance than can the individual bank or credit union. nonetheless, the dealers themselves might be maritime lending specialists, in which case, you have the ideal circumstances for your loan. The benefit of getting your item from the trader is that he himself can give you suggestions as well as opinion as to which exact type of boat will be appropriate for the sort of experience you wish to gain by boating.

The trader will know the peculiar means as well as deficiency of every boat model. He will be acquainted with charges not only of existing stock, but also of other stocks he does not have in stock presently. Since sellers have close contacts with the makers of these boats, they will be able to arrange models plus brands for you, which are not at this time in stock in their shop.

Among the many discounts you can avail of by obtaining your boat loan from a seller are the finance schemes of manufacturers themselves or finance plans co-sponsored by both the merchant and the maker. Moreover, numerous boat models come with their specific incentive tariffs. This holds the chance to additionally cut back your expenditure, as they take in such programs as “3 months as good as cash” or “no interest for a given time” promotions.

As expected, you will come across no problem with servicing, because the seller himself will take that job upon himself. Furthermore for the reason that he is entirely well-informed about the stocks he is supplying, trouble-shooting will take less time and effort. The same goes for demanding warranties. Along with the documentation of your boat, dealers can also provide additional assistance on their own, in case they also turn out to be nautical lending experts, or via the services of their associates.

What especially are the advantages you can obtain by claiming your loan by a nautical lending professional:

1. Rational down payments – Since marine lending experts can work in partnership with the traders themselves in building up the rules and regulations of your loan, they can assist you to qualify for down payment rates lesser than the general 10% – 20% range.
2. Second-hand Boat finances – Also in view of the fact that marine lending specialists might merge with sellers themselves, loans on second-hand boats from these merchants can be secured very fast.
3. Fast credit results- Because marine lending professionals specialize on boat finances, the time it consumes to get your application accepted or unapproved is also pretty much shorter.
4. Longer Terms – Nautical lending specialists do not desire to risk the quality of the boat by exerting very much financial pressure on the holder, thus they try to make their terms as adaptable as possible, taking into consideration the owner’s paying ability.
5. Lesser Installments – Essentially, the more time is provided to pay back, the less needs to be paid every month. This consideration is also given with the viewpoint to motivate the holder to take good care of his boat plus maintain it in a good state.

To find out a maritime lending professional, you might visit the National Marine Banking Association site and take a peek at the list of marine lending experts who are also members of this organization. If, upon going to their website, you by now have the boat model that you wish to have in mind, just indicate that there, as well as region where you are and you will be shown a list of their associates who can provide you a helping hand.

In recapitulation, to locate the appropriate boat loan for yourself, you require to discuss with a marine lending professional. Such lenders are members of the National Marine Banking Association which is an organization formulated to make the method of acquiring boat finance [] a hassle-free plus affordable thing to do. The naval lending specialists, as these members are known as, work in intimate collaboration with boat traders, who in turn have close relationship with the boat manufacturers.

Car Finance Is Cheaper When Taken With A Specialist Website

Once you have in mind the car you want to buy and the amount that you wish to borrow then the next step is to go about finding a cheap car finance deal and the cheapest and best deals can be found online with a specialist website.

However while a specialist car finance company can search around on your behalf with the entire marketplace to make sure that you get the best deal possible you do have to be aware of certain facts when choosing the best deal from the quotes the specialist will give you. Of course the first thing you have to consider is the amount of interest that you will be paying on the loan, to some extent the amount of interest is determined by your credit score. If you have a bad credit rating then you will not get the best rate of interest. However, a specialist will be able to get you the cheapest deal
possible and an excellent credit rating will get you the very best deal with the cheapest rate of interest.

When comparing the deals a specialist finds you, you have to make sure that you understand what it is you are actually comparing, read the small print and make sure that there are no hidden costs included in the loan such as early repayment clauses. Check out the key facts outlined so that you are able to take your time and read through them so you understand exactly what you are getting and how much in total is repayable on the loan.

Along with searching on your behalf and finding you the cheapest quotes with the best deals from some of the UKs top lenders they should also offer plenty of advice and helpful information on car finance in general and tips to make sure that you make the right choice on the choice of loan. Never be tempted to take out car finance with the car dealership if this is where you are buying your car. While the dealer will try to tempt you by knocking off money from the price of the car the rate of interest will almost certainly be higher than if you had gone with a specialist car loan broker.

When taking out car finance you do have to be aware that as with all types of loan the lender will try to get you to take out some form of payment protection alongside the loan in case you should find yourself out of work, while this can be a great idea the product is not suitable for everyone and even if you do want the protection you can take it independently and often much cheaper.

Above all make sure that you can afford the loan. You will have to decide how long you want to take your car finance over because while you want to keep the repayments down, the longer you take the loan over the more you will pay in interest. Always check the terms and conditions of any loan you are considering taking out and never be tempted to rush into taking out what seems to be a great deal before checking it thoroughly.

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Tax Considerations When Re-Financing

For many homeowners the overall goals of re-financing are often paying less in interest overall and reducing monthly payments. When a homeowner is able to obtain a lower interest rate, there is usually the opportunity to re-finance the mortgage to capitalize on the lower interest rate. However, a lower interest rate does not automatically translate to a savings. The homeowner must carefully consider the amount of money they will be savings over the course of the loan in relation to the amount of money they will be spending to re-finance the mortgage. When the closing costs associated with re-financing are larger than the savings, re-financing may not be warranted. Re-financing can also have financial ramifications associated with tax options.

Paying Less Interest Equals Less of a Deduction

In most locations, homeowners are permitted to deduct the amount of taxes they pay on their mortgage when filing their tax forms. This is usually quite a substantial deduction for homeowners who owned the home for the entire tax year. Those who re-finance their mortgage will typically be paying less money each year in taxes on the mortgage. While this is great in the long run, it can adversely affect the homeowners tax return.

Consider a situation where a homeowner is located just below a major tax bracket which would be quite costly for the homeowner. As all ready discussed, re-financing may result in the homeowner paying less money in taxes each year. This means the taxpayer will be able to make a smaller deduction this year now fall above the tax bracket they previously fell below. When this happens the homeowner may find themselves paying significantly more in taxes.

Consult a Tax Preparation Specialist

Determining the exact ramifications of paying less interest on a home mortgage on a tax return can be a rather tricky process. There are a number of difficult equations involved which can make the apt to make mistakes while trying to determine the consequences of paying less in taxes on the mortgage. For this reason, the homeowner should consult a tax preparation specialist when determining whether or not re-financing is worthwhile because the tax specialist can provide information regarding the impact of paying less in interest.

In selecting a tax preparation specialist, the homeowner should seek out opinions from friends and family members if the homeowner does not employ a specialist to prepare their own taxes. This can be helpful because trusted friends and family members are only likely to recommend professionals they feel were knowledgeable, trustworthy and caring. A tax preparation specialists should have all of these qualities but should also be well versed in the area of tax preparation. This will enable the tax preparation specialist to make all of the right decisions when considering the needs of the homeowner.

Online Calculators

For homeowners who do not know a tax preparation specialist or for homeowners who are unable to afford the consulting services of these individuals, there are online calculators which homeowners might find very useful. These calculators are readily available throughout the Internet and can be used to determine the tax ramifications to re-financing. These calculators ask the user to input specific criteria then returns results regarding the amount the homeowner will pay in taxes during the year if he refinances. Additionally the homeowner can run these equations several times to consider a number of different scenarios.

New Year Business Finance: Keeping on Track Before It Is Too Late

Whether you are the owner of a small business or start-up that is just getting off its feet; as a business finance specialist we know how easy it is to get lost in the every day and as a result, lose track of the bigger picture. With the first month of the New Year drawing to a close, now is a fantastic time to take a step back and have a look at some of the crucial aspects of your business to ensure that you are indeed starting as you mean to go on.

Your financial profile is a key player in the success of your business however, with a million and one other things on your mind we know how easy it is to slip up. Before it gets too late; re-evaluate your financial situation to ensure that it is on the right track to avoid getting yourself in a rather messy situation.

There are a number of areas of your finance that need to be carefully managed however, my personal experience has taught me that the below are the most crucial and unfortunately most neglected…

Bookkeeping- With a New Year well underway your records from 2013 should be carefully filed away and a new set of records should have begun. From incoming and outgoing expenditure to payroll details and any unexpected charges- how have you been doing with keeping a record so far? If you have been maintaining your books vigilantly then fantastic however if you haven’t even started then odds are that you may continue to neglect this. Maintaining solid financial records is not only important but a legal obligation so if it gets too much considering outsourcing your bookkeeping services.
Profit and Loss- A lot of companies often seek assistance from accountants when they find themselves in a financial mess but avoid that by taking charge before it is too late. Knowing what is coming out and what is coming in will help you maintain a good idea of how well your business is performing. A weekly profit and loss sheet is a great way to always stay on the ball and avoid any nasty surprises.
Cash Flow Management- Do you have a breakeven number in mind? For every business there will always be a specific amount needed in order to cover standard charges and employee fees and ultimately stay afloat. By regularly managing your cash flow, ensuring that you are not over spending can help you keep control of what stays in your account. Look at how much you have spent so far this year? Have you noticed anything that is becoming a regular, costly charge? Getting control of this sooner rather than later will give you a better chance of a successful year.

Do you know every detail of your business finances? Are you the business owner with the ideal habits and the determination to keep on top of all areas of your financial situation? If not then now is a good a time as any to get control, before it is too late.

Small Business Financing Goes Into Intensive Care

An earlier article noted that business financing is effectively on life support based on recent reports of reduced business loans made by banks throughout the country. There are several reasons why intensive care comparisons might help to explain what is wrong with working capital financing and at the same time provide a healthy prognosis for impacted businesses. Because commercial financing is proving to be a serious challenge for most small business owners, this analysis should be reviewed by any borrower about to obtain or refinance commercial loans.

During the past two years, banks have lost much credibility and good will. Until the federal government provided massive bailouts for many of them, most of these lenders were on life support themselves. While some of the banks have recovered, others are effectively still in the intensive care process. But whether we are reviewing the healthy banks or ones still recovering, working capital financing for most small businesses is predominantly in what appears to be long-term intensive care. Banks are generally reducing or eliminating a large portion of their business financing activities, as indicated from most ongoing public and private reports. For example, with little or no advance notice, most banks appear to be closing commercial line of credit programs for small businesses regardless of profitability or length of the lending relationship. This is apparently not a temporary move to the sidelines but rather a permanent reallocation of resources to more profitable activities based on the manner in which this is being accomplished.

Lending activity has also decreased significantly for other forms of business financing such as commercial mortgage loans. Commercial loans have essentially been downsized or laid off just as many workers have. The realization that banks are rarely announcing publicly that these cutbacks have occurred is what makes this situation different. Perhaps bankers like to think that when they stop making small business loans nobody will notice. When it becomes public knowledge that their small business lending window is effectively closed, the bankers who placed commercial financing into intensive care are astute enough to realize that their public image will suffer even further damage.

Before they realize that the business financing world has changed before their eyes, it is possible that small business owners might need to connect several dots. As this article and other reviews indicate, banks are simply no longer providing the commercial loan services that they once did. Commercial borrowers should primarily rely on extensive candid discussions with other small business customers of the bank to confirm whether their bank is one of the few exceptions to this new reality. Even in the rare instances in which banks are truly lending “normally” to small businesses, the prevailing trend of less working capital financing coming from traditional banks should not be ignored.

While business financing patients (commercial borrowers) might be in serious condition when they find that their bank will not provide needed commercial loans, experienced small business finance specialists can frequently help in restoring financial health that will facilitate a business getting out of an intensive care situation. In some cases, this involves finding a healthy bank that is willing (and able) to provide “normal” commercial loans and working capital financing. For successful commercial funding it will be necessary to explore non-bank solutions in many other instances.

Construction Equipment Financing Takes Planning

Establishing or expanding an existing construction business can be an overwhelming experience.
In deciding the proper direction you’ll need to plan out what type of equipment to purchase but more importantly how to pay for it. Are you able to pay cash or will construction equipment financing be necessary? Is it better to buy new equipment or will refurbished or used equipment be a better value.

Unable to pay cash is not unusual and often the need to seek out a construction equipment finance company is the best alternative. In researching equipment financing you’ll want to have a clear understanding of what your company needs in the way of equipment and how your cash flow will allow you to pay for it.

Determine The Type Of Equipment You Need

Your construction equipment finance company will need to know exactly what type of equipment you intend to purchase, as they will tailor the finance terms to match the need. Different types of equipment will have different types of financing. For example, if you plan to upgrade your computer system the finance company may offer shorter term financing as computer equipment becomes obsolete in a short amount of time. The purchase of a bulldozer or cement truck may have a much longer life span and be eligible for longer term financing.

Consider Used Or Refurbished Equipment

Once you decide how much equipment to buy, the brand you want or need, how much your budget can support, etc. you will then need to decide if buying new or used equipment is the best route to follow. Refurbished or used equipment may be an ideal solution, especially if the primary use is to be used as a back up to your existing construction equipment and not put into use on a daily basis. Not all used construction equipment will be reliable enough if you plan on making it your primary equipment. Just as you’d research the pros and cons of purchasing a used car you should perform diligent research on your proposed used equipment purchase.

Not All Financing Companies Are The Same

Now that you know what you want or need and have decided between refurbished or new it’s time to start researching financing companies. A good place to start is the bank that maintains your business checking account. Although they may not offer the most attractive financing options it may offer a good comparison to a company that is a construction equipment finance specialist.

Because it’s all that they do, an equipment financing company will be more knowledgeable than a commercial bank with regards to your specific business and equipment needs. Seek out a company that maintains its own underwriting department since these companies are more able to respond to your request for equipment financing quicker than if they had to send the application out of the department for review. The end result will be you have your financing quicker and delivery of your new equipment will not be delayed due to financing.

If you’re not in a position to purchase new or refurbished equipment another option often offered by equipment financing companies is equipment leasing. This is a great option for a seasonal business, someone just starting out or where tax advantages come into play. If you’re concerned about tying up liquid assets as you establish or expand your current construction equipment fleet, look to a construction equipment finance company. They have the experience and knowledge to help guide you in financial decisions that are right for you.

Accounting and Finance – Online Degrees Available

Accountants and finance specialists are needed in almost every area of business. The field of accounting and finance includes accounting technology, bookkeeping, corporate finance, and finance and banking. There are a number of accredited online schools, colleges, and other education programs that offer students the necessary training for obtaining the degree of their choice. Students can obtain an associates, bachelors, masters, or even doctoral degree from the comforts of home with an online educational program.

An associate’s degree in accounting and finance can be obtained in as little as two years. Students looking to obtain an accredited degree at this level can expect to complete 60 credit hours with an online program. With an education in this field students will have the opportunity to learn basic accounting, business law, computer applications, principles of accounting, and much more. The skills and knowledge each student acquires will allow them to become an accounting assistant, bookkeeper, or other professional in this career area. An associate’s in accounting and finance will help prepare for a bachelors degree for those students looking to further their education and career options.

A bachelor’s degree is a four year degree that can be acquired from an accredited online education program. Students enrolled in an online bachelor’s degree program will need to complete between 120 and 150 credit hours to be eligible for the Certified Public Accountant (CPA) exam. The CPA is an exam that provides licensure to those who have completed training and pass the exam. With a degree program at this level students can study coursework such as managerial accounting, investment management, E-commerce, and more. Graduates will have the opportunity to become chief financial officers, public accountants, financial analysts, and other financial experts. By obtaining a bachelors degree students will have the option of enrolling in a master’s degree program.

In the field of accounting and finance students can earn a master’s degree if they have previously obtained a bachelor’s. A masters degree usually takes around one year to complete, and can open a world of opportunities. A graduate who holds a masters degree in accounting and finance will have the knowledge and skills to become a management accountant, taxation specialist, and more. Course studies may consist of learning corporate finance, risk management, financial accounting, and other relevant areas of study. A master’s degree will allow students to further their education and career options by qualifying them to study for a doctoral degree.

Doctoral degrees are the highest available degree in the field of accounting and finance. A degree at this level often requires several years of study in addition to previous education obtained. Students enrolled in a doctoral degree program with an online school or college will be able to apply for career positions as financial executives, financial managers, or accounting educators. With an accredited program students can learn taxation, government accounting, auditing, and business management. With a doctoral degree students will be prepared for an exciting new career.

A degree earned online will provide students with the instruction and knowledge they need to be successful in their career. A student who enrolls in a graduate or undergraduate program in the field of accounting and finance will train for a career that is necessary in the world of business. When selecting an online program for a degree, students’ should make sure that it is fully accredited and offers the specific training needed to meet their goals.

Energy Project Financing

Even with the energy sector being the Golden Child of Wall Street, energy project financing has been elusive. There are presently over a trillion dollars in energy financing requests laying dormant all throughout the United States. It’s estimated though, that the number of energy projects needing funding presently in the U.S. alone borders on the quadrillion mark. So why does energy financing get such little attention? Simply stated, it is because funding each project means a lot of risky zeros for the funder.

Think about it. If you funded commercial loans and you had a choice between a $2 million loan on a mall with lots of equity, or a $500 million energy project that has habitually exhausted its equity for years, which loan would you make in a questionable market?

Exactly; the project financing request will be treated as a redheaded step child-unless you deal with financial experts who specialize in the energy project funding arena. The energy sector has long behaved as if it would never run out of credit, funds, or customers. As such, in today’s pinch market, this type of financing has taken a back seat to “safe bets.”

The difference between a big banker at “Big Banks Are Us” and an energy project specialist is the specialist isn’t concerned about the risk of approving project funding. A knowledgeable project financing specialist mitigates such risks with their expertise. The specialist knows specifically where to look in an energy project for gaffs, gaps, and misappropriation of funding requests. They know in fact, MORE energy projects must progress in order to keep up with the market demands. They know a winning proposal when they see one, and they also know when a project is being underfunded. Even a highly trained bank executive simply cannot be a specialist in all aspects of their funding requests. While the word billion has begun to lose its shock value in the world of energy project financing, it’s critical to conduct your business with a specialist who hasn’t lost their edge in the energy sector.

Because of expansions of natural gas, nuclear power, shale, solar power, electricity, crude oil, steam-power, and coal, the need for energy project financing has grown into one of the most demanded, yet underfunded industries worldwide. In many parts of the world, medical research receives three times as much funding as energy financing request even though the world of modern medicine is largely at the mercy of energy.

Our modern society consumes massive amounts of fuel and energy. Even third world countries would be debilitated without the sporadic energy resources they access at present. Developed countries around the world have essentially built their infrastructures around the use of energy. And how could they possibly avoid it? Unfortunately, going to traditional sources for energy funding has proven to be a daunting task. Even though the Obama administration and a Democrat-controlled Congress have passed stimulus bills with massive amounts of funding for new, alternative energy sources, very little of this money is being thrown at the development and continuation of existing energy resources which we are already dependent upon. The answer to this dilemma is alternative energy project financing options which take into consideration future profits of a tangible energy asset which produces income rather than a debt. Sounds enticing, right? A true energy project financing specialist will know exactly how to accomplish this task. So do yourself a favor. Engage an energy project funding specialist for your successful financing.

Bob Dougherty, CFS® has been an accomplished advisor in the finance industry since 1994. With specializations skills in the monetization of hard assets, Bob is highly adept at structuring finance solutions for energy based projects. Bob has been an asset as an expert consultant in the field of international finance on political, military, and civic scales. To access Bob’s expertise you may contact him at

Equipment Financing Specialist – Canadian Leasing Solutions

Equipment Financing in Canada is a specialized type of financing. Lease financing on its own goes back hundreds of years and is a widely accepted financing tool. Major companies in Canada utilize lease financing, why shouldn’t your firm.

Lease financing covers all sorts of equipment – that includes production equipment, transportation equipment, machine tools, computers, etc. In general most Canadian banks do not offer lease financing, although two of the Chartered banks have dedicated lease operations but require a very high quality credit quality.

You should consider leasing because it’s a simple to arrange financing agreement between yourself, your vender of the equipment, and the lessor. Leasing should not be considered complicated, however Canadian leasing practices and the parties that participate are much different than in the U.S…. It benefits Canadian business owners and financial managers to ensure they understand why leasing is so popular.

Two basic types of leases are available for the Canadian business owner – they are capital and operating leases. Operating leases are often promoted by manufacturers or vendors and they often include maintenance and insurance. You should consult with an Equipment financing specialist to ensure an operating lease is right for your firm. The essence of an operating lease is that your intent is to use the equipment, but not to own it. When you enter into an operating lease ensure that you have no intention of owning the equipment at the end of term. In this case your payments will be much lower than if your intention is ownership, and you will have the benefit of some balance sheet improvement, as this lease is not shown as debt on your balance sheet. The alternative lease is a capital, or financial lease, which denotes ownership.

We can’t over emphasize the need to work with a trusted, experienced and credible advisor in this specialized area of financing in Canada. Seek out a professional that will assist you in acquiring the equipment you need and answer any questions you have about the proper rate, term and structure that your firm deserves based on overall credit and asset quality. Equipment can be new or used, and a good lease financing specialize will be pleased to assist you in maximizing the benefits of lease financing, which include:

- Better use of working capital
- Often cheaper than a term loan
- Wont restrict your current banking arrangements
- Payment flexibility
- Fixed rate financing in today’s low interest rate environment.