Month: February 2020

Healthy Lending in a Sick Economy

The Great Recession has brought upon us the Great Credit Contraction. That means that commercial real estate lenders have become more cautious. The high loan to values (LTV’s) have been replaced by higher investment capital from borrowers. Lower credit scores have been replaced by higher minimums. Raw land and construction loans texas have vanished. Stated Income and Reduced Documentation loans have left the lending stage making room for the Fully Documented loans. Appraisals are scrutinized from top to bottom and local economic data are given its deserved emphasis.

At first one may be inclined to think of all these events as a negative element that would impact an economic recovery. But this is far away from the truth. Our current economy can be easily described as an alcoholic man. The credit that’s been pumped into our economy during past decades (, Y2K, real estate boom) has had the equivalent effect – figuratively speaking – of alcohol abuse. The non-discriminatory credit expansion along with below market interest rates – made available by the central banks – has given wrong signals to individuals and businesses thus causing “malinvestments” and speculation. Our economy has become addicted to credit for too much consumption (and not enough production) and finally withdrawal symptoms are kicking in. There are certain unpleasant steps that are required to sober up and that is just one of the requirements necessary for an economic recovery.

For one that has been in the field of lending for a few decades he can probably attest to the fact that in reality today’s lending guidelines are not much different than what they were back during the 70’s, 80’s or even the early 90’s. They are in one word, conservative. Of course, if one compares current lending to only five years ago, the difference appears quite drastic. But the drastic difference is not because today’s guidelines are way too rigid but because yesterday’s were way too loose.

So, where does this leave the entrepreneur or businessman of today? To start with he needs to be prepared to play in the same field with the rest of the competitors. He must be well equipped to prove himself and his project worthy of new credit. This implies a well documented and up to date loan package. He must emphasize his strength and generously compensate for any minor weakness. His project must be sound and viable from an economic standpoint. His background must be rich in experience and knowledge. His financial strength must be outstanding, in other words, he must have some serious skin in the game. And finally all of the above requirements must be clearly described in the project’s summary without leaving any room for ambiguities. For more details on how to position yourself first in line for financing read my article, Reality vs Fantasy in Commercial Financing.

The conclusion is that lenders are not willing to take high risk anymore. The current credit deflation has decreased the pool of funds available for lending thus competition …

A Lavish Inclusion To Your Life Style

Are you recently done with some remodeling of your full house or the room and have decided to opt for a decor having a rust theme? It is undoubtedly one impressive choice when the dominant outdoorsy look is the first-hand need, and you are seeking to grab it. Conversion pieces and some accents can add perfection to this design, and the most suitable selection is lighting an antler. If your room is having natural wood or the decor of the room is softly toned. These lights can quickly impart beauty with elegance.  Look at electricians spring tx website for more information about the best electricians spring lighting in Texas.

Unique Lighting

Lighting inside the ceiling fans, chandeliers, sconces, and lamps are examples of spring lights. Those who are fond of unique selections will undoubtedly appreciate the views. All these lights look extremely beautiful and may prove an ideal commodity for the type of look; one would seek and will illuminate any room with immense beauty. You can find a variety of stores online offering various kinds of antler lights, so decide the place where you want to install them and figure out the size and shop online as many shops are offering quality at affordable prices.

Earlier, these spring lights were not part of the home and office decors. These spring lights were primarily the part of lodges and the log cabins for many years as the designs, which were introduced earlier, were tailor-made for the log cabins and lodges. Still, with the advent of technology, new models have been added, which suits not only the home but also the decors of lofts and restaurants. These antler lights are readily accepted around the globe to date.

Variety

A lot of variety is available in the market, and these spring lights not only differ in sizes but also in the designs. Smaller antlers, which are being offered by more miniature deer, are ideal for the smaller rooms. Moose and Elk’s antlers are the forms of antlers, which are suitable for significant places like pinnacle ceilings as they create impressively striking pieces. Additionally, items like antler table lamps make unique accents to any room.

A demerit of these antler lights is their high costs. Yes, these antler lights are not so affordable for the ordinary people, but as they impart lavish impact, most heavy pockets people are always willing to purchase them as the high cost would be evident from their innate beauty.

These antler lights were earlier considered as men oriented only. Still, now they are used as accent lighting for homes, finished basements, outdoor pool areas, and many more. These lights certainly impart woodsy and raw feel as they are disheveled with cedar usually and are made up of timber and wrought iron. No matter if you buy a double tier or a single, both look equally delicate.

Earlier, only the people inside the lodges or the cabins could have enjoyed the ultimate experience of the rustic mountain adventure. Still, …