Trends You Should Expect with Hospitality Loans

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Business people talking about loan termsSome business forecasters and analysts project that the hospitality industry will continue to increase its metrics in the future than the current trend. Based on the latest research, the growth in higher revenue per available room (or RevPAR) is expected for most hotels in major markets in both secondary markets and the tertiary markets. Research points out that such an increment is attributed to an expanded recovery in the economy and the declining rates of unemployment. 
Such changes will result in three major trends in hospitality loans: persistent growth in short-term mortgage demands, steady construction lending, and continued attractive loans. 

Persistent Growth in Short-Term Mortgages

Some factors drive the growth of short-term mortgages, and this rising demand will be associated with the current trends within the hospitality industry. These include the increasing volumes of hotel transactions. During the recession, most plans to renovate hotels were delayed because of poor performance in the financial sector. Since the economic landscape has improved, the previously planned renovation and refresh programs are now moving steadily to the implementation stage.

Steady Construction Lending

Today, there is an upward growth in the development pipeline although not as fast as the demand. This implies that overbuilding is not a threat. Financing the construction of new hotels will be done following proper vetting and awarded by qualified lenders. It is riskier to finance new constructions since it takes at least four years to realize profits.

Continued Attractive Loans

Mortgage rates are expected to be more attractive for projects within the hospitality industry, and there will be an increased demand among new investors. It is anticipated that new investors will enter the hospitality market with hopes of cashing on the rising capital demand. However, borrowers need to understand both long and short term merits of working with a loan expert in the industry as financing partners understand the essential of speeding up the process to access loans. 


Financing hospitality industries are expected to assume an upward trend in the future with more and more players entering the market. These three major trends that will be seen in the future and it pays to know how the market will turn in a few years.

The Complex Bankruptcy Law Warrants the Assistance of a Professional Legal Aid

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Bankruptcy LawWhen it comes to filing for bankruptcy, the attorney you enlist can make a huge difference in making the process easier or more difficult for you. An attorney who doesn’t have extensive familiarity or experience in handling bankruptcy-related cases will not just make the case harder to deal with; he/she may also put all your assets at a greater risk.

For this reason, it’s crucial for you to know how to choose the right person to seek the legal expertise of. This should include learning the differences between those who specialize in Chapter 7 and those more adept to Chapter 13 bankruptcy laws in Sandy.

Knowledge of Bankruptcy Law

Bankruptcy is not just complex; it is also a specialized area of the law that requires in-depth knowledge, technical expertise, and dedication.

When you hire an attorney who doesn’t practice this law regularly, he/she may fail to foresee all the potential pitfalls associated with your particular case. This can then lead to the dismissal of your case, resulting in you having to show up to even more court hearings. Worse, you may even suffer from major losses of assets and properties.

Thus, choose an attorney who, if not entirely devoted to this area of the law, commits a majority of his/her practice to it.

Familiarity with Both Federal and Local Laws

Federal laws aren’t the only ones governing bankruptcy; the local government also has a say in this matter. So as you search for an attorney, make sure that the one you’ll hire has a complete understanding of the bankruptcy law in Utah.

Adequacy of Experience

Each bankruptcy case has unique characteristics, so the cases vary widely in terms of complexity and length of time needed for settlement. For instance, a self-employed debtor with a Chapter 13 case most likely has more issues than an unemployed debtor with a simple Chapter 7 case does.

Regardless of the case, however, you need the legal aid of someone with adequate experience to help you navigate your way through bankruptcy more smoothly.

From what you’ve read, you can already have an inkling of how complex bankruptcy is. As such, the best way to increase your chances of having a favorable outcome is to work with an experienced bankruptcy lawyer.

Starting Your Own Business: Loans for Veterans

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Business loan application forms with pen and glassesSome veterans have difficulty readjusting to civilian life after coming home from service, particularly when it comes to working or starting a business.

Fortunately, the Veterans Affairs not only offer assistance for those who want to buy or refinance a house through the VA loan program; it also supports those looking to start their own business.

Business Loans for Veterans

Many state and local organizations assist veterans who want to be their own bosses. If you want a loan guaranteed by the government, you could consider the Small Business Administration’s Express Loan, which will provide you access to revolving credit lines typically within 36 hours of approval. Depending on your specific circumstances, your fees might even be waived.

The SBA also offers the Veterans Advantage Program, which lowers the upfront guarantee fees on non-Express loans if the loan amount is between $150,000 and $500,000. Fees vary depending on the loan term, and you can get discounts if you already have a business that’s SBA guaranteed.

Another option is the Military Reservist Economic Injury Disaster Loan or MREIDL. However, while other SBA loans could be used for starting a new business or to cover related business expenses, an MREIDL could only be used in the event that an important individual in the business gets called for service. The maximum amount you could borrow is capped at $2 million, with 4% interest rate. You would also need collateral if your loan exceeds $50,000.

You have several options if you need funds to put up a business. Start with the Veterans Affairs Department to see which option is the best for your situation. Create a plan and turn your vision into reality in no time.

The Advantages of Taking Out a Housing Loan

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Housing LoanFor most people, buying a home without a housing loan is next to impossible. Not too many people are liquid enough to buy a home with ready cash. Most home buyers can only afford to save for the down payment and get a loan or a mortgage for the rest.

The good news is some lenders offer different types of a Utah housing loan. Ogden and other cities in the State have many lenders who could find the right package for you, whether you are a first-time home buyer or you are looking to remortgage. Here are the advantages of getting a mortgage from these lenders:

With a Mortgage, Home Ownership Becomes Affordable

A home could be anyone’s biggest purchase, and a home loan is your biggest debt. But, the loan repayments are spread over many years, making your monthly payments more affordable and manageable. First mortgages are usually taken with a 25 or 30-year term, bringing your monthly payments lower. The obvious downside is that you will be burdened with the debt for a longer period.

It is ideal to go for the shortest possible term that you can afford. You will not only pay off your debt sooner, but you will also save a lot of money in interest rates.

A Home Loan is Cost-Effective

A mortgage is secured by your property; interest rates are lower than most other types of loans. This means that in case you default on your payments for whatever reason, the lender can sell your property to recover the money you borrowed.

Through the years, interest rates on home loans have continued to change. This led to the popularity of tracker and fixed rate mortgages. However, other loan products are aimed for landlords and first-time home buyers. There are also offset and discount mortgages available.

A home mortgage provides people with an affordable way to own their home. Consider the benefits when making a buy or rent decision.

More Businesses in South Carolina Fuel Demand for Accounting Services

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Accounting and service provider smilingSouth Carolina’s growing economy and the increasing support for the local business sector have helped drive a rise in demand for accounting services.

Startup companies, in particular, have flourished in Charleston and nearby cities. This growth trend has inadvertently created a huge demand for finance outsourcing, among other professional accounting services. That’s because companies have begun to realize the importance of handling financial records and accounting. What better way to do this than let a third-party service provider do the job.

Delegating Tasks

While many business owners know that the future of their company lies in efficient finance and accounting, they obviously prefer to do it in a cost-effective way. How? Through finance outsourcing. and other experts explain that outsourcing can provide many solutions to a growing business. By contracting third-party services, they can forego hiring full-time employees but still get instant experience.

For startup companies, however, the benefits of outsourced services involve more than just saving on expenses. It allows them to devote more time to develop and market their products. Outsourcing may be a good way to delegate financial tasks to third-party firms, yet this offers more than meets the eye.

Finance and Accounting Advice

Whether it’s a startup firm or not, your business can rely on sound financial advice for your corporate strategies aside from just maintaining documents. The rising demand for outsourced finance and accounting has made providers expand their services, from bookkeeping to taxation advice.

For accountants, this trend opened a new wave of opportunities to sustain their relevance. While it’s good to be a jack of all trades, it’s not bad to stick to a specific area of expertise. A third-party firm with multiple services will likely be able to address several of your needs at once.

Outsourced accounting services have transformed the way businesses handle their financial records. With the supposed benefits, when do you intend to consider looking for third-party finance and accounting services firms?

Smart Spender: Handle Your Finances Wisely

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Man and woman budgeting their expensesAlthough people try to be free from any financial woes and worries, there’s no telling when the economy hits rock bottom. As it happens, almost everyone is affected causing a major backlash on managing their funds and expenses. However, there’s a way to get yourself ready in case the situation arises, and that is in the form of saving and spending wisely.

Financial experts have some advice on how people can protect their financial interests.

Create a Plan

Many people fail at this stage. As soon as they have money, the first thing that comes to mind is to spend it. You should plan well on how to spend it. This allows you to monitor your expenses easily, as well as compels you to follow it strictly to prevent making any unnecessary or additional expenditures.

Take a Loan When It’s Necessary

If you’re planning to apply for a loan, remember that this is not extra money but cash in advance. Many people are often attracted to this idea thinking it could resolve their money issues. But lenders such as Utah Money Center say that without proper consideration this might also be their downfall. An expert and provider of cash loans in Salt Lake City said that a loan could make a great option if you know your priorities as well as your responsibilities as the payee.

Don’t Overspend

One of the most common mistakes people commit when it comes to managing their finances is they spend more than what their budget allows. To fight off the urge to shop or overspend, the most effective step you can do is to limit the use of your credit cards as well as ask yourself whether the purchase you’re about to make is necessary.

Pay in Cash

A financial expert said that one of the best ways to manage your money is to pay in cash. Going on a cash only budget forces you to simply pay for what you can afford right at that moment. Unlike credit cards, you can see how much you have and where exactly you spend it. In other words, it can keep things in control.

Don’t get caught up in a financial hurdle. Be always ready to face them with these budget planning and spending advice. Be responsible and save as early as you can.

The Natural Beauty of Silver Coins

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4 Silver coins piled upIt is human nature to want new and clean things. Especially if you paid a hefty amount to purchase your item. However, there is always one exception to the rule.

An expert on silver coins in the UK would advise collectors never to clean their coins. As a non-coin collector or a newbie, you might be surprised with this seemingly contradictory advice. Who would pay hundreds of dollars to a dirty old coin after all?

Why is cleaning your silver coins a bad idea?

Natural colour is removed

Cleaning your silver coin would usually mean removing its natural colour due to the chemicals and ingredients used in cleaning it. Cleaning using baking soda and other harsh ingredients like vinegar or toothpaste and scrubbed by a toothbrush takes away the silver’s natural shine and colour. A true coin collector would know how to differentiate a cleaned silver and a naturally well-preserved one.

Decreases its value

Despite its shininess, cleaned silver coins have lesser value than the ones that’s not clean due to the reason stated above. Cleaned coins often have hairline scratches that ruin the whole appearance of the coin.

Fret not, however. This does not mean you are bound to buy dirty coins.

Some cleaning exemptions 

Cleaning is perfectly acceptable when it is done to remove accumulated dirt and dust. Easily clean dirt and gunk by gently washing your coin in soap water. Do not use any abrasive materials to scrub and remove the dirt. Instead, gently use your fingers to clean your coin. Clean your coins one by one to avoid contact and scratches. Rinse thoroughly with water and then dry.

Coin collectors see coins like wine. They age gracefully by itself. Little to no intervention from humans makes it more valuable. Therefore, the next time you see an old and shine-less coin, appreciate it. That small piece has gone through years of history to be in your hand now.

Two Ways to Invest in Gold without Buying the Bars

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GoldTo become wealthy, it is important you do know not only how to save, but also how to invest. The latter allows you to grow money passively – earning while you are sleeping. Fortunately, there are different kinds of passive portfolios to choose from, and these include gold.

The shiny, shimmering metal from earth is one of the most valuable in history. Although its value in the market fluctuates, overall, it increases. The demand for gold is high. From electronics to medicine and finance, a piece of gold is useful.

Investing in gold does not have to break the bank or collecting gold bars. You can consider these two ways.

Gold sovereigns

Gold does not come in big packages only. They can also be as small as coins. Sovereigns are gold coins produced as early as the 1800s. It has a nominal value of only pound sterling, but a coin can have a 22-carat weight of gold.

These are some of the most popular coins, once referred to as gold standard currency, and there are many of them in the market. But if you are buying gold sovereigns in the UK produced during the 19th century or before 1932, you can also get yourself a collector’s item.

In the process, you have a good source of gold and a potential moneymaker if you decide to sell it.

Exchange Traded Funds (ETFs)

ETFs work similarly as mutual funds. Investors pool their money to invest in certain commodities. A manager handles the account. A large difference is the fact ETFs invest like a stock exchange. A gold ETF means the price of the asset is hedged on the value of gold at any given moment.

Gold is a volatile asset, which means its price can change significantly very quickly. But if you pay attention to the changes inside and outside the financial market, as well as choose a good ETF company, you can earn huge returns in a day.

Investing gold in this manner gives you better flexibility on how to use your money. You also do not have to worry about excessive safekeeping measures.

New Zealand Homeowners Face $32.8M Repair Bill

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Residential property being repairedThe second most expensive residential property repairs in New Zealand could amount to $32.8 million due to several reasons.

The repairs concern the Mountain View Apartments complex in Auckland, where inspectors discovered leaks and structural problems, as well as fire-safety and electric-related work. Most of the bill comprises $26.3 million of construction costs.

The residential complex’s owners, however, could end up not paying the entire amount, as taxpayers would shoulder $7.8 million due to the Government’s Financial Assistance Package.

Business Losses

Some of the major renovation projects required for the apartment complex include working involving upgrades for structural strength, new roofing and cladding, according to Stuart Wilson of project manager Maynard Marks. It will also require “extensive passive fire remedial works,” Wilson said.

The level of necessary repairs has incurred losses from rental revenue for unit owners, including Paul McCormack, who owns an apartment there. McCormack stated that he lost an estimated $50,000 due to the uninhabitable state of the property.

The case represented a clear example of why doing maintenance checks to your residential property will spare you from huge costs.

Electrical Wiring

The cost of repairing Mountain View Apartments will also cover plenty of electrical work. Each homeowner should make it a habit to check for faulty wiring, proper grounding and the correct amount of insulation.

Another option involves hiring an expert to do electrical testing in Wellington or Auckland, a service offered by firms such as Adam Tulloch, depending on your residential area. They will help you in identifying whether or not you live in decades-old homes, which have outdated electrical systems.

Homeowners can avoid paying a hefty amount for repairs by routinely checking for potential issues. Maintenance work also allows them to be proactive in preventing damages to their property, which could lead to more serious and costly problems in the future.

4 Things to Consider When Buying Gold Coins

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Golds piled upThere are many types of investments you can make, not just real estate or stocks. For instance, if you prefer tangible and low-risk investments, you can opt to buy gold and silver jewellery or even bullion and coins.

In recent years, more and more people are finding great benefits (and peace of mind) when they buy gold coins. If you’re new to this type of investment, here are the three key things you should consider.

The price of gold bullion coins

Sovereign governments that mint gold bullion coins charged a fabrication fee for the coins. This is why the gold bullion coins are traded at a small top price compared to the actual gold price on the spot. Experts advise both new and veteran gold bullion buyers to contact a handful of reputable shops and dealers so they can shop for the best price they can get. Many experts also advise that buying gold coins on eBay to avoid bidding wars.

Avoiding collector or rare coins

If you’re new to investing in gold and silver coins, you need to know the difference between normal gold and silver coins and collector or rare ones. The value of bullion coins typically changes based on the current gold’s market price. As for the collector or rare coins, the values are based on the so-called “historical supply and demand.” Moreover, buying rare coins require more expertise. So unless you’re really into the collector coins, try to dip your toes into the normal bullion first.

Delivery of Purchased Coins

Normally, it can take between 10 to 14 days for the deliveries to be made. If there are any delivery issues from the mint, your dealer should inform you right away about the delays. Whether you are buying small or large quantities of gold coins, you should always read and understand the delivery options and ensure that the coins are delivered in mint conditions.

Invest in Gold and Silver Coins Today

Unlike stocks, gold and silver coins are tangible investments. And because these precious metals have limited supplies, the demand for them often always stay high. Consider these types of investments and enjoy great returns and peace of mind.