Hard Money Loans

Woodmere, NY, United States (AHN) – May 13, 2011 – Cinderella Sweets, of Woodmere, NY is recalling these Kosher for Passover items:

SHABTAI GOURMET DAISY COOKIES 10 oz 8-50097 00106-6

SHABTAI GOURMET LEAF COOKIES 10 oz 8-50097 00105-9

SHABTAI GOURMET COCONUT MACAROONS 13 oz 8-50097-00111-0

SHABTAI GOURMET CHOC COATED COCONUT MACAROONS 14 oz 8-50097-00112-7

A review of product labeling revealed a notation stating “egg free” on the products listed above when in fact the products contains egg. Although the ingredient statement clearly indicates egg in the contents, and eggs are identified in the Allergen statement (in bold type) it still poses a potential health hazard. People who have an allergy or severe sensitivity to eggs run the risk of serious or life-threatening allergic reaction if they consume this product. Consequently, we are recalling these items from the market. Other products are not involved. The recalled cookies described above, were distributed nationwide to retail stores.

This product is in a white 8″x5.75″x 2″ window cookie box with the SHABTAI logo within a planet “Saturn” type logo, with a bakery type red & white twine border imprint. Consequently, we are recalling all of the above listed UPC codes from the market. Other products are not involved.

No illnesses have been reported to date in connection with this technical problem with the printing of the boxes. The recall was initiated after it was discovered that the egg-containing products was distributed in packaging that made a claim to be egg free. Subsequent investigation indicates the problem was caused by a temporary breakdown in the company’s packaging supply chain.

Production of the product has been suspended until the FDA and the company is certain that the problem has been corrected. This recall is being made with the knowledge of the US Food and Drug Administration.

Consumers who have purchased these products are urged to return them to the place of purchase for a full refund. Consumers with questions may contact the company at info@cinderellasweets.com or call 516.374.7976 Monday thru Thursday 9:00am to 5:00pm.

View full post on Economy, Business And Finance Stories

A hard money loan is a very singular type of mortgage in which the loan is secured by a valuable asset such as real estate. This type of loan is most often used for the purchase of business real estate, but in some cases it can be used for private funding. The money itself usually comes from private sources, most often from the area in which the property in question is located.

A hard money loan can be collateralized against the property that the borrower is purchasing. If the structure of the loan is set up this way, the cash value of the loan is usually for about 70% of the quick sale value of the property itself. Because the loan is secured against real property, a borrower usually opts for a hard money loan as a last resort in times of financial distress. Sometimes it is the only form of financing possible, since credit score isn’t a huge factor in qualifying for the loan.

Private capital investors rarely take a look at a person’s credit rating, more often paying attention to the money making capabilities of the venture they are financing. Due to the structure of the loan as it relates to the value of the collateral, it is rarely the whole source of financing for any given project. Interest rates for hard loans are usually a bit higher than a standard mortgage. While the interest rate may be somewhat regulated by government agencies so it doesn’t get too high, hard money loans are not very tightly regulated. The rules of the industry are so different from the standard financing field that normal rules don’t apply. In an almost comical turn of events, the nearly complete deregulation of the industry has allowed hard loans to be incredibly speedy and efficient, now that government has been taken out of the equation.

A hard money loan, therefore is often a good source of quick capital for ailing businessmen. Unfortunately, predatory lending tactics aren’t uncommon, driving up the price of the loan. If you see yourself in the market for a this type of loan, make sure you use a professional real estate attorney, or you could become a victim yourself.

Mike Finley has been a title abstractor for over 10 years in the real estate housing industry. He now gives you his incite into home foreclosures so you can benefit from them and help take them off the market. For more information on how you can take advantage of his experience visit: http://www.forclosedhomestoday.com

Author: Mike Finley
Article Source: EzineArticles.com
Hybrid, electrical car

While commercial hard money loans might sound as if they come out of a Mafia movie, there is nothing dangerous or especially risky about being granted one of the many commercial loans that are on offer by the different independent financial institutions.

What are Commercial Hard Money Loans?

The word ‘hard’ can be misleading for many people who are applying for this sort of financing. All that it means is that the loan is guaranteed by an asset or a piece of immovable property. The loan will be granted on the strength of the value of the asset in question. Many developers use these type of loans when they are attempting to develop a piece of land into a commercial property that has investment potential as well as the potential of future earnings that will more than cover the loan amount.

The value of these loans is that they are usually funded by private investors. It is worthwhile finding a company who is able to match up potential investors to loan applicants. They will ensure that the loan is completely legal as well as being secured by the property itself and not the personal assets of the owner. Most of the private investors in America today are likely to be private firms who consider that issuing commercial hard money loans is a way of doing business that guarantees them a substantial return on investment. These loans are not usually granted over an extended loan term.

This type of loan is not like a conventional mortgage that is repaid over 30 years. The term is usually between 1 and 5 years and the interest rates are much higher than a conventional loan. While the top end of the scale of interest rates can reach up to 15 % it is still a way of obtaining finance for an investment without having to wait for months or go through an extensive process of paperwork and credit checks.

It is always wise to remember that commercial hard money loans will not cover the full value of the property and it is unusual to find any commercial hard money lender that will over about 60% of the value of the property. If you are buying property then you will have to fund the difference from another source or be prepared to fund it yourself. Commercial hard money loans are granted based on a logical and achievable plan to pay the money back on time and most commercial hard money lenders will need to see a considerable amount of property related experience.

They will not be inclined to lend money to first time investors, unless the risk is very low. Commercial hard money loans are a solution to investment opportunities that many banks have refused due to the economy.

To know more information about Commercial Hard Money Loans and Commercial Financing Services visit ICPFinancial.com

Author: Claire Geonzon
Article Source: EzineArticles.com
Android tablet, netbook

Washington, D.C., United States (AHN) – Over the next two decades, the cost of treating heart disease in the United States will triple, according to a new study.

Dr. Paul Heidenreich, chairman of the American Heart Association panel that made the calculation, said enormous strides have been made over the past 50 years in treating and reducing heart disease, but he said even maintaining current trends will come at a high cost.

The panel made its estimation based on current rate of disease and Census data adjusted for anticipated shifts in age and race.

Heidenreich said the estimates do not assume the medical community would continue to make new discoveries to reduce heart disease.

Almost 37 percent of Americans have some type of heart disease, including high blood pressure, coronary heart disease, heart failure, stroke or other conditions. By 2030, the panel expects that rate to increase to more than 40 percent, or 116 million Americans.

The largest increases are expected in stroke and heart failure, both up about 25 percent.

Heart disease costs the national healthcare system about $172 billion a year. The American Heart Association panel estimates that number will jump to $276 billion by 2030.

A policy statement on the estimates is published in Circulation: Journal of the American Heart Association.

View full post on Economy, Business And Finance Stories

People who have the opportunity to invest in property, may need a hard money loan to proceed with the purchase. This type of mortgage is a financing tool these people use to acquire the house or multiple housing units so that they can buy, and then resell it. A hard money loan has many important features.

1. A private money mortgage is one where investors gain access to the funds to purchase a property for resale. NLD Settlement Corp also known as the “hardmoneyman” is one such lender. The idea is to make a profit, but in many cases is not to live in the home. Yet, a hard money loan can help a home owner because it can allow an investor to purchase their home when they desperately need to sell it quickly.

2. A hard money loan can only be based on collateral. The collateral is the home or housing units. What is more, because of the risky nature of the venture, only approximately 50% to 60% of the normal property value will ever be covered by a hard money loan. This is because the value being considered in the loan is based on the immediate purchase price, which refers to the amount of money the seller could get if he was forced to sell within a one to three month period.

3. To get an investment property loan, you do not have to have good credit. The important considerations are whether you will be able to pay back the loan, whether the property is worth the money being lent, and whether you have a sizeable down payment.

4. You should never expect to have an early payment clause on a hard money investment property loan. This is because the very nature of the funding product is that the money is just being lent for a short time. No one expects you to keep the loan in the long term. You are not legally bound to pay off the loan immediately, but the expectation is that you will.

5. A private money loan has a higher rate of interest than prime mortgage rates. However, it is much riskier for the lender. The person usually has worse credit and probably does not live in the home. The people who take out a hard money loan often would not even qualify for a regular mortgage. By getting a hard money loan, they can take advantage of an opportunity they might not otherwise be able to fund, and therefore be able to make some money.

Ken Vesely
NLD Settlement Corp
http://www.hardmoneyman.com
516-526-8445

Author: Ken Vesely
Article Source: EzineArticles.com
Unix inter-process communication (IPC)

St. Paul, Minnesota, United States (AHN) – The Minnesota Department of Agriculture (MDA) and Pepin Heights Orchard are advising consumers to avoid drinking Pepin Heights Orchard brand apple cider after department laboratory tests found the product may be contaminated with a type of mold toxin called patulin.

Any consumers with this product on hand are asked to discard it.

The product was sold in half gallon and one gallon plastic jugs. The affected lot codes are:

USE BY JAN 27 11

USE BY JAN 30 11

USE BY JAN 31 11

USE BY FEB 01 11

USE BY FEB 05 11

USE BY FEB 06 11

This product was sold and distributed in Minnesota, Iowa, Wisconsin, Arizona, Texas, and Florida.

Pepin Heights Orchard, of Lake City, MN, is cooperating fully with the MDA to find the source of the patulin.

The cider was tested as part of a routine surveillance sampling program by the MDA which confirmed that the apple cider contained patulin at levels higher than the limit established by the U.S. Food and Drug Administration (FDA).

Patulin is a mycotoxin (mold toxin) that may be found in fruits, vegetables and other foods.

Patulin is formed by certain kinds of fungus that sometimes grow on or in these products. No illnesses have been associated with this patulin contamination. While the short-term health effects of patulin are not clearly established, FDA has identified long-term exposure to the substance as a potential concern.

Consumers and retailers should discard any of the apple cider and direct any further questions to the Pepin Heights Response Center at (800) 652-3779, Monday-Friday, 8:00 a.m. – 5:00 p.m. Central Standard Time (CST).

View full post on Economy, Business And Finance Stories

Is it a money crisis in your life? Are you finding it tough to wait for your payday? If yes, then you should apply for Quick cash loans no credit check. This is the best proposal for those who want immediate money to solve their urgent desires. Even bad credit history holder is also valid for these types of financial schemes. This is fastest source of getting cash without any complexity and this will help you to meet all your surprise expenses before your payday.

Quick Cash Loans No Credit Check scheme is the easiest way to get the money without going through any credit checks. The lender provides these types of schemes to the US people and do not require hard rules and regulations. There is no problem for the borrowers having bad credit history, even they can apply for these loans and get the cash without faxing any type of document in the processing of the loan. This scheme is good enough for every type of emergency like household expense, medical bills, and party arrangement, car repair, unexpected travel, dream vacation etc. Very quickly, you may get the amount needed by you to accomplish all those needs of your life.

It is easy to apply for these loans, as all it takes is an online application form, filled with basic personal and financial details of the applicant. On internet, people only have to fill a simple form that contains personal facts like their name, age and salary information and valid bank account no. etc. The transaction is conducted online and hence, is completely secured, as lenders protect the borrower information under specific clause of confidentiality.

The borrowers who apply for this loan they must have to repay the loan amount quickly because these types of loans are for short term, i.e. for 7-30days.

There are a lot of different loan options out there that you may not be familiar with. Balloon loans, bridge loans,  and many, many more loan types are out there, each offering a different set of advantages and disadvantages, each one potentially just what you’re looking for. If you’re thinking of taking out a mortgage, it may be best to learn a little bit about the alternate options you can choose from before settling on a loan type.

Hard Money Loans

A hard money loan is a type of asset-based loan in which the borrower uses the value of his or her real estate in order to secure a loan. That is, the collateral for the loan is the property itself. Such loans are rarely given by traditional lending institutions, for a number of reasons. These loans are similar to bridge loans, with a few key differences, notably that bridge loans often apply to real estate properties which are in transition. Hard money loans are often used to avoid foreclosure or bankruptcy.

One of the major benefits of this type of loan is that credit score is virtually irrelevant. Because the loan is guaranteed by the property itself, the lender is less interested in your credit history. Additionally, such loans have a low loan-to-value ratio as an added benefit to the lender. A loan-to-value ratio describes the amount of money loaned to the value of the collateral. Usually, a hard money loan has a loan-to-value ratio of about 60% to 70%. If you had a ratio of 65%, then a property valued at $100,000 would guarantee a loan of $65,000.

This lending business took a hit in the late 1980s as the real estate market collapsed, partially due to the overestimation of the value of properties used as collateral in such loans. Because of this, the loan-to-value ratio was lowered significantly to allow for added security to the lender. Hard money loans are largely unregulated, and are provided by commercial lending firms rather than traditional lending institutions.

Because of all the different options out there, and the relative riskiness that can go along with some of them, it can be a good idea to talk to a loan expert before making a decision. For more information about the property loans, visit http://www.mortgagemodificationmaryland.com

Joseph Devine

Author: Joseph Devine
Article Source: EzineArticles.com
Advice on AdSense

Unsecured loans are the emerging trends in the loan sector. These are in very much demand in the industry. People want them as no collateral is required. The person with bad credit score can also apply for this loan facility. Today people don’t want to lose there their hard earned assets. To protect them from the loss of their asset they want these types of loan. Unsecured loan provide them with the kind of services that any other loan is not giving.

Unsecured loans are the loans in which the person can borrow money from the bank at higher rate of interest. But the facilities are also great as there is no need to keep a check on the credit score as loan is given not on credit score. The person who has gone bankrupt in the past can also get this type of loan. The amount of loan is small and it is usually taken by people for various small purposes like medical problems, child education facility, for repair and maintenance of the car for good holidays etc.

Unsecured loans have taken a new loop in the market of UK. These loan have provide a good business opportunity to banks. As by giving money to people on high interest rates helps them in yielding more and more revenues for the banks and financial institutions indulged in this loan providing facility. Unsecured loan are the booming trends for the banks of UK.

Apart from the various facilities they provide, they are easy to repay also. An individual can repay these loans in very easy installments. The amount is deducted each and every month itself from the account of the borrower of the money. Hence, in the end, one would say unsecured loan is becoming the key loan facility provided by banks these days. And if someone is in need of this kind of loan can avail this loan without any hassles.

One of the best scenarios for commercial hard money loans is when the borrower has an opportunity that he knows he will make a substantial amount of money on, needs to move on it immediately, and regardless of the fees the hard money lender charges. With this scenario the profit the borrower will make will easily offset the fees the borrower has to pay to the commercial hard money lender.

Commercial Hard Money Loan – Scenario 1

For example, we have recently worked with a borrower that had an opportunity to purchase a fleet of trucks for his business at a 50% discount. Total purchase price on the trucks was just over a million dollars with a value over $2,000,000. On the commercial hard money loan the borrower had to pay 3% in fees in order to get the loan or $30,000, to be able to save over a $1,000,000 of needed trucks for his business. He collateralizes the commercial hard money loan with his building and was able to close in 3 weeks. So $30,000 in fees to save over a $1,000,000…

Commercial Hard Money Loan – Scenario 2

Another similar example is when a borrower wants to purchase a property from a distressed seller at a substantial discount. Typically the seller can’t wait 60 to 90 days to close a conventional commercial real estate loan and instead needs to close in a few weeks or will not offer the discount.

So say the property is really worth $2,000,000 but the seller has agreed to $1,500,000 a $500,000 discount. The buyer would get a commercial hard money loan at 60% of the purchase price or a loan amount of $900,000 and pay say 5% or $45,000 in fees to the commercial hard money lender. So the borrower would save $455,000 by taking advantage of the opportunity. In this case most borrower wouldn’t care (at least that much) about paying the commercial hard money lender their points because of the amount of money they make off the deal.

In general these type of scenario are much easier to close than the bankruptcy/company turn around/debt consolidation type situation. Many commercial hard money lenders no longer look at deals like this.

Jeff Rauth is President of Commercial Finance Advisors, Inc out of Birmingham, Michigan. He has a STORE for commercial loan brokers. Contracts, spreadsheets, books, etc. Products starting at $4.95! Check it out commercial real estate loans or Commercial Hard Money Loans

Author: Jeff Rauth
Article Source: EzineArticles.com
Import duty tariff