real estate – Direct Vanqex http://directvanqex.com/ Tue, 29 Mar 2022 01:56:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://directvanqex.com/wp-content/uploads/2021/05/cropped-icon-32x32.png real estate – Direct Vanqex http://directvanqex.com/ 32 32 EPA seeks comments on new ASTM standard https://directvanqex.com/epa-seeks-comments-on-new-astm-standard/ Sat, 19 Mar 2022 00:55:02 +0000 https://directvanqex.com/epa-seeks-comments-on-new-astm-standard/

On March 14, 2022, the U.S. Environmental Protection Agency (“EPA”) released a Proposed Direct Final Rule, which changes the Standards and Practices for All Appropriate Investigations (“AAI”) by making referencing ASTM E1527-21 Phase I. Adopted by the American Society for Testing and Materials (“ASTM”) in November 2021. The EPA’s proposed rule offers potential purchasers of goods the possibility of using either the new ASTM E1527-21 standard or the continued use of ASTM E1527-13 to comply with CERCLA AAI requirements and thereby establish a defense against CERCLA liability. If no negative comments are received by April 13, 2022, the EPA will take no further action on the proposed rule and the direct final rule will go into effect. If adverse comments are received by the date, EPA will withdraw the direct final rule and address the public comments in any subsequent final rule based on the proposal.

The ASTM standard is reviewed and updated every eight years using a consensus-based process, which includes input from environmental professionals conducting Phase I and report users such as proponents and lenders. The ASTM E50.02 task force began revising the existing standard in 2018. The revisions to ASTM E1527-21 are intended to address what were seen as shortcomings in the implementation of the current standard and to provide a greater consistency in the language of the standard.

When the EPA proposed revisions to the AAI rule at 40 CFR Part 312 in 2013, it followed the same path by issuing a direct final rule that called for users to establish a CERCLA defense by following the requirements of ASTM E1527 -05 then in effect. standard or proposed standard STM E1527-13. The EPA also said that if no adverse comments were received during the comment period, the proposed rule would become final, allowing the use of ASTM E1527-05 or ASTM E1527-13. In 2013, the EPA received 41 comments during the comment period both supporting the proposed rule and raising concerns about the EPA’s decision to continue recognizing the former ASTM standard ASTM E1527 -05 as a complaint with the AAI rule. The EPA ultimately agreed that the revised ASTM E1527-13 standard included improvements over the previous standard and would result in greater clarity for potential purchasers regarding potential contamination to a property. In response to the comments, the EPA issued a final rule that amended the standards and practices for operating an AAI by removing reference to ASTM E1527-05 and replacing it with ASTM E1527-13. It appears that stakeholders need to act again to prevent a proliferation of IAA approaches or any dilution of confidence in the reports generated by buyers, sellers, lenders or other stakeholders in real estate transactions.

The ASTM E1527-21 standard contains many improvements, including clarifications of key terms, an expansion of the scope of historical research, clarification of the report retention period, and recognition of emerging contaminants than the ASTM E1527-13 standard. does not. Anyone with experience reviewing Phase I reports knows that, according to ASTM E1527-13, three different environmental professionals could look at the conditions at a site and end up with three completely different opinions about whether and why Recognized Environmental Conditions (RECs) exist at a site. . The objectives of the review process were to provide more clarity to the requirements of ASTM E1527-13, update current good business and customary practices to produce a higher quality report, and improve the standard to address deficiencies. identified as a result of litigation and insurance claims. The new ASTM E1527-13 standard includes revisions to the definition of a REC in order to achieve more consistent results. The revised definition is complemented by a new appendix intended to provide examples for placing parameters around terms such as ‘release to the environment’ and ‘significant threat’. Another notable change is the use of more robust historical research to identify conditions at a site. The existing standard (2013) states that the environmental consultant is only required to review as many historical sources as necessary to “achieve the objectives” of identifying whether past uses could have led to an CER. The 2021 revised standard requires review of at least the “Big 4” historical sources for the property in question (aerial photographs, topographic maps, fire insurance maps and city directories) – provided that they are reasonably verifiable, applicable to the property in question, and likely to be useful in determining whether activities have occurred that should result in a release. Additionally, if the property’s use is industrial, manufacturing, and (now) commercial, review of additional resources (including building department records, property tax files, maintenance, and zoning) may be necessary if they are easily verifiable and likely to be useful. While many consultants already meet these requirements for subject property research, these changes will raise the bar for those who provide less in-depth reports as well as commercial properties as a whole.

Lenders, investors, developers and others who may acquire an interest in real estate should support a full transition to using ASTM E1527-21 rather than allowing parties to continue to rely on the standard ASTM E1527-13.

Copyright © 2022 Womble Bond Dickinson (US) LLP All rights reserved.National Law Review, Volume XII, Number 77

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Diversify your overseas investments – The Hindu https://directvanqex.com/diversify-your-overseas-investments-the-hindu/ Sun, 13 Mar 2022 17:37:16 +0000 https://directvanqex.com/diversify-your-overseas-investments-the-hindu/

Investment portfolios are subject to legislative risks because the government. can make sudden changes

Investment portfolios are subject to legislative risks because the government. can make sudden changes

The government can change rules and regulations or even introduce new laws. Some of them might come at an unexpected time. When these laws or rules come into force, it is possible that our investment strategy and our existing portfolio will be impacted.

Some of these key measures that have impacted our financial, investing and wealth creation habits include demonetization, extending the duration of long-term investments for debt funds from one year to three years , and the abolition of wealth tax, inheritance tax, land cap law and gold. Law of control.

Friend’s daughter had to have it Arangetram (first performance of Bharatanatyam) a few days after the demonetization announcement. As some of the musicians had insisted on cash payments, my friend and his family had to spend hours outside banks and ATMs to find cash for payments.

Time and time again we have witnessed such legislation. In all of these situations, the damage or benefit to our wallet has been sudden.

Sometimes there is a direct impact of such legislation on our investment portfolios and sometimes it is indirect. For example, when the government decided to offer textile factory land for construction purposes, the real estate market underwent a change.

Although this is a direct benefit, the indirect benefit is that a whole new business district has been created, jobs have been created and several other industries have received benefits.

On the other hand, when the capital gains structure of debt-based mutual funds was changed, debt-based mutual funds took a hit, while bank term deposits (FDs) took advantage of it.

Until a few years ago, we Indians could not afford to deal with legislative risks, as these have often been sudden moves. Moreover, as investors, we had no say in the developments. However, with the introduction of the Liberalized Remittance Scheme (LRS) in 2004, the situation changed. Under current arrangements, a resident Indian can invest up to $250,000 per year outside India. With the exception of a few countries, funds can be invested in most parts of the world.

The investment could be in any program regulated by the local government. However, this is also subject to change. And, for a transitional period, this limit has been modified.

More often than not, when we advise our clients to take advantage of the programs and invest a small portion outside the country, their feedback is, “We get the best returns in India, so why should we invest outside India?”

Always remember that risk and returns are two sides of the same coin. Every time we see good returns, there are also risks associated with that. When we invest only in India, all our eggs are in one basket. Look at your portfolio – stocks, debt, gold, real estate and other forms of investments are only in India and in one currency (INR). Any legislative changes will have an impact on all these investments and we will have no control over them. It is important to diversify investments to reduce portfolio risk.

Now in India we also have mutual fund schemes which invest the corpus outside the country. These schemes could also be considered to mitigate risk.

Never make an investment that promises “super normal returns” by taking advantage of loopholes in existing regulations, as the government may continue to fill them.

To avoid legislative risks, diversify your investments between countries and avoid making money through loopholes in the system. Legislative risk is a systemic risk and cannot be avoided. Investors can only take steps to reduce risk.

(The author is a financial planner and author of Yogic Wealth.)

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Philippines remains graylisted by FAFT due to Casino Junket concerns https://directvanqex.com/philippines-remains-graylisted-by-faft-due-to-casino-junket-concerns/ Tue, 08 Mar 2022 15:19:52 +0000 https://directvanqex.com/philippines-remains-graylisted-by-faft-due-to-casino-junket-concerns/

Posted on: March 8, 2022, 07:19h.

Last update: March 8, 2022, 7:19 a.m.

The Philippines will remain on a global money laundering “grey list” until it can mitigate the risks associated with casino junkets, the Financial Action Task Force (FATF) has said.

FATF
Philippine banknotes, pictured: The FATF said the country’s efforts to track dirty money were improving, but not enough to lose its greylist status. (Picture: The Business Times)

The Paris-based FATF is an intergovernmental organization founded by the G7 to combat money laundering and terrorist financing. A FATF gray list puts pressure on a country’s economy by hampering its banking sector, making it less nimble and more expensive to hire.

The FATF acknowledged on Friday that the Philippines has made progress in improving its anti-money laundering (AML) and countering the financing of terrorism (CTF) regime. But he identified several areas where such oversight could be improved.

In addition to strengthening controls over the junket industry, these include better supervision of designated non-financial businesses and professions, such as jewelry dealers, real estate brokers and developers, and service providers for financial companies.

Bank robbery in Bangladesh

The world’s attention was drawn to lax anti-money laundering controls in the Philippines following a bank robbery in Bangladesh five years ago.

In February 2016, hackers now suspected of working for North Korea flooded the New York Fed with requests to transfer nearly $1 billion from an account used by the government of Bangladesh.

Five of the 35 requested transactions were processed, amounting to approximately $101 million, before further payments were blocked.

Of these transactions, $20 million was traced to Sri Lanka and quickly recovered. The rest ended up in several bank accounts in the Philippines, which had been opened the same day under false names.

From there, with the help of several junket operators, it disappeared into the country’s casino industry. Most remain unrecovered.

Embarrassed to action

Prior to the pandemic, the country’s gaming sector was growing rapidly, spurred by improving relations with China and a visa-on-arrival policy for Chinese tourists. But Philippine lawmakers have been embarrassed by the bank heist in Bangladesh, which has drawn criticism from the World Bank.

In 2017, President Rodrigo Duterte signed legislation that introduced transaction reporting thresholds for the first time in the casino industry and gave authorities new powers to freeze funds if they were suspected of being involved. related to crime.

Previously, casinos were exempt from the Philippine Anti-Money Laundering Act of 2001, which was passed largely as a measure to avoid being blacklisted by the FATF.

Now officials have said online business world this week, they hope to be completely de-greylisted by January 2023.

Mel Georgie B. Racela, executive director of the Philippine Anti-Money Laundering Council, said the country’s gaming regulator, PAGCOR, was “currently identifying the risks posed by junket operations and would then implement the measures necessary to mitigate these risks”.

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Peachtree Hotel Group reaches $2 billion market capitalization https://directvanqex.com/peachtree-hotel-group-reaches-2-billion-market-capitalization/ Sun, 30 Jan 2022 05:05:41 +0000 https://directvanqex.com/peachtree-hotel-group-reaches-2-billion-market-capitalization/
Peachtree Hotel Group CEO Greg Friedman, left, sits on a panel during the Americas Lodging Investment Summit in Los Angeles last week. Atlanta-based Peachtree, led by partners Bimal Patel, Hiten Suraj and Rupesh Patel, has amassed a record $2 billion in total market capitalization through 140 transactions, including acquisitions, developments, loans and hotel investments .

The STOP-AND-GO economy of 2021 hasn’t slowed the progress of Atlanta’s Peachtree Hotel Group. The company has amassed a record $2 billion in total capitalization through 140 transactions, including acquisitions, developments, loans and hotel investments.

Representatives of the company, led by partners Bimal Patel, Hiten Suraj and Rupesh Patel, discussed record year at the Americas Lodging Investment Summit in Los Angeles last week.

“We are extremely pleased to have completed an extraordinary year of investment activity,” said Greg Friedman, CEO of Peachtree. “Our strategy of investing top-down in the capital stack and pivoting opportunistically as markets move allows us to capitalize on investments through any economic cycle. 2021 has illustrated our capability, and we expect 2022 to be another strong year on the investment side. »

Latest additions

Peachtree acquired nine hotels over the past year for approximately $300 million, bringing the company’s portfolio of owned-and-managed hotels to 76 with 9,351 rooms nationwide. Acquisitions made include:

  • AC Hotel by Marriott in Aventura, Florida, 233 rooms
  • Aloft Miami Aventura in Aventura, FL, 207 rooms
  • Embassy Suites by Hilton in Kennesaw, GA, 192 rooms
  • Aloft Nashville Franklin in Franklin, TN, 143 rooms
  • Cambria Hotel in Rockville, Maryland, 140 rooms
  • SpringHill Suites by Marriott in Annapolis, Maryland, 120 rooms
  • Hilton Garden Inn in Granbury, TX, 106 rooms
  • Hampton Inn in Paso Robles, CA, 81 rooms
  • La Bellasera Hotel & Suites in Paso Robles, CA, 60 rooms

“The acquisitions we made were really exciting. I think they are great additions to our portfolio,” said Brian Waldman, Peachtree’s executive vice president for investments in an interview with ALIS. “These are select services, limited services, hotels, fairly representative of what we have purchased over the years.”

To take notes

Another major source of capital for the company was through its subsidiary Stonehill, a commercial real estate direct lender. The company deployed $770 million across 23 issued loans, which included construction investments, bridges and preferred stock.

“There is currently a huge void in the construction loan market. We’re really excited about all the projects,” Waldman said.

Through its subsidiary Stonehill PACE, Stonehill has completed 17 CPACE (Commercial Property Assessed Clean Energy) financings with a total capitalization of $276 million, making it one of the largest on-balance sheet CPACE lenders in the United States. . Also, in a particularly successful strategy in the economic turmoil. of the pandemic, Stonehill acquired 90 senior notes, mostly backed by accommodation assets, with a total market capitalization of approximately $600 million.

“For the tickets that we’ve purchased, most of the time the main plan is to work with the borrowers to restructure them to give them a runway to live on and fight another day,” Waldman said. “A lot of these borrowers were in default when we bought the tickets and we worked with the idea of ​​giving them a bit of a living room to fight another day with the idea that they will be able to make their way. pass, through a subsequent sale or refinancing.”

However, as the pandemic subsides, Waldman said the company will likely turn to other investment vehicles.

“While investment in ticket purchases has been significant over the past two years, we plan to deploy more of our capital in opportunistic acquisitions, substantive developments and loans within the limited-service hotel chains and limited-service as part of the current cycle of hospitality recovery,” he said. noted.

Additionally, in 2021, the company began construction of five hotels with approximately 700 rooms in California, Florida and Kentucky. The company has a pipeline of approximately 20 additional hotel developments in various stages of planning or construction.

“With the end of the global pandemic expected to end this year and the sustained economic recovery boosting hospitality fundamentals, we believe the hospitality industry remains among the best real estate classes to invest in,” Waldman said. . “So what are we going to do with [the $2 billion in capital?] We will continue to own and manage assets and hopefully maintain momentum and exceed it in 2022.”

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Clarion Partners Announces Support for Task Force on Climate-Related Financial Disclosures https://directvanqex.com/clarion-partners-announces-support-for-task-force-on-climate-related-financial-disclosures/ Fri, 28 Jan 2022 15:00:16 +0000 https://directvanqex.com/clarion-partners-announces-support-for-task-force-on-climate-related-financial-disclosures/

Northampton, MA –News Direct– Franklin Templeton

January 28, 2022 / 3BL Media / Clarion Partners, LLC, a leading real estate investment manager and specialty investment manager at Franklin Templeton, has declared its support for the Task Force on Climate-Related Financial Disclosures (TCFD) , joining organizations around the world in demonstrating their commitment to building a more resilient financial system and protecting against climate risk through better information.

The TCFD provides market participants with recommendations for dealing with the financial impact of climate change on their business. By increasing transparency about financially material climate-related risks and opportunities, the recommendations promote more informed financial decision-making by investors, lenders and others. TCFD supporters span the public and private sectors and include national governments, central banks, stock exchanges, credit rating agencies, financial organizations and private sector companies from various sectors.

“Becoming a TCFD supporter and following the TCFD disclosure guidelines reinforces our commitment to being a leader in responsible investing and sustainability,” said Karen Mahrous, Head of ESG at Clarion Partners. “Clarion assesses climate-related risks throughout the life cycle of our investments. By becoming supporters of TCFD, we are joining a global movement to improve public disclosure around these increasingly important topics.

Widespread implementation of the TCFD recommendations will provide investors, lenders and insurers with consistent and relevant information to understand the economic risks and opportunities resulting from climate change. Increased disclosure in line with the recommendations across all sectors and geographies will help global markets make more effective capital allocation decisions and adapt appropriately to the disruptive effects of global climate change.

Additionally, in addition to its industry-level efforts to help address carbon-related challenges in commercial real estate, Clarion continues to partner with property managers at the individual building level to seek opportunities for improvement. sustainability and efficiency. In 2021, 54 buildings in the Firm’s portfolio received either recertification or recertification, as follows:

  • Seventeen (17) industrial buildings, seventeen (17) multi-family buildings and five (5) office buildings have received IREM Certified Sustainable Property (CSP) Volume

    • The IREM CSP program recognizes sustainability efforts in energy, water, health, recycling and purchasing

  • Fitwel is a building rating system that provides guidance on the design and operation of healthier buildings, from environmentally friendly and resource-efficient building concepts to the integration of health, well-being and human experience in construction.

  • Leadership in Energy and Environmental Design (LEED) provides a framework for healthy, highly efficient and economical green buildings

About Clarion Partners, LLC

Clarion Partners, LLC, has been a leading real estate investment manager for over 39 years. Based in New York, the company has offices strategically located in the United States and Europe. With a total of $65.9 billion in real estate assets and debt under management, Clarion Partners offers a wide range of real estate strategies across the entire risk/return spectrum to 500 institutional investors worldwide. More information about the company is available at www.clarionpartners.com.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN], is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in more than 165 countries. Franklin Templeton’s mission is to help clients achieve better results through expertise in investment management, wealth management and technology solutions. Through its specialist investment managers, the firm brings extensive capabilities in equities, fixed income, multi-asset and alternative solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based firm has 75 years of investment experience and over $1.5 trillion in assets under management as of December 31, 2021. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.

Explore additional media content and other ESG stories from Franklin Templeton at 3blmedia.com

See the source version on newsdirect.com: https://newsdirect.com/news/clarion-partners-announces-support-for-the-task-force-on-climate-related-financial-disclosures-726862721

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Ponce Financial Group, Inc. and PDL Community Bancorp Announce Completion of Conversion and Reorganization and Related Share Offering https://directvanqex.com/ponce-financial-group-inc-and-pdl-community-bancorp-announce-completion-of-conversion-and-reorganization-and-related-share-offering/ Thu, 27 Jan 2022 22:07:00 +0000 https://directvanqex.com/ponce-financial-group-inc-and-pdl-community-bancorp-announce-completion-of-conversion-and-reorganization-and-related-share-offering/

BRONX, NY, Jan. 27, 2022 (GLOBE NEWSWIRE) — Ponce Financial Group, Inc. (“Ponce Financial Group”) (NASDAQ: PDLB) and PDL Community Bancorp (“PDL”) announced that the conversion and reorganization of Ponce Bank Mutual Holding Company from mutual to equity form of organization and related equity offering was completed at the close of business today, January 27, 2022. Following the closing of conversion and reorganization and share offering, Ponce Financial Group is now the holding company of Ponce Bank. Ponce Bank’s former mutual holding companies, PDL and Ponce Bank Mutual Holding Company, ceased to exist.

Shares of PDL ceased trading at market close today, January 27, 2022. Ponce Financial Group common stock will begin trading on the Nasdaq Global Market under the same trading symbol “PDLB” effective market opening tomorrow, January 28. 2022.

Following the conversion and reorganization, each existing common share of PDL was converted into the right to receive 1.3952 common shares of Ponce Financial Group. Cash will be paid in lieu of any fractional shares based on the sale price in the Offer of $10.00 per share. The total number of outstanding shares of Ponce Financial Group is expected to be approximately 24,711,974 shares, before taking into account adjustments for fractional shares.

Direct Recording System (“DRS”) statements for Shares purchased under the Offering are expected to be mailed on or about January 28, 2022. PDL Shareholders holding Shares in the name of Street or registered shares in the form of DRS will automatically receive shares of Ponce Financial Group common stock in their accounts. PDL shareholders holding shares in certificated form will be mailed a Letter of Transmittal on or about January 28, 2022 with instructions on how to redeem their shares, and will receive a DRS statement after returning their certificates. PDL Shares and a completed Letter of Transmittal. to Ponce Financial Group’s transfer agent.

Janney Montgomery Scott LLC was Ponce Financial Group’s sales agent for the subscription offering. Locke Lord LLP acted as legal counsel to PDL and Ponce Financial Group in connection with the conversion, reorganization and offer.

About PDL Community Bancorp and Ponce Financial Group, Inc.

PDL Community Bancorp was and Ponce Financial Group, Inc. is the financial holding company of Ponce Bank. Ponce Bank is a Minority Depository Institution, Community Development Financial Institution and Small Business Administration Certified Lender. The Bank’s business is primarily to receive deposits from the general public and, to a lesser extent, from alternative sources of funding and to invest these deposits, together with funds generated from operations and borrowings, in mortgage loans. , consisting of 1 to 4 family residences (investor-owned and owner-occupied), multi-family residences, non-residential buildings and construction and land, and, to a lesser extent, business and consumer loans. The Bank also invests in securities, which consist of US government and federal agency securities and securities issued by government-sponsored or government-owned enterprises, as well as mortgage-backed securities, bonds and securities. corporate bonds and Federal Home Loan Bank stock.

Forward-looking statements

Certain statements contained herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be governed by the provisions of exemption from the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “believes”, “will”, “would”, “expect”, “plan”, “may”, “might “, “developments”, “strategic”, “launch”, “opportunities”, “anticipates”, “estimates”, “intends”, “plans”, “targets” and similar expressions. These statements are based on management’s current beliefs and expectations and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements due to a number of factors. Factors that could cause such differences to exist include including, but not limited to, adverse conditions in the capital and debt markets and the impact of such conditions on business operations; changes in interest rates; competitive pressures from other financial institutions; the effects of general economic conditions nationally or in the local markets in which Ponce Bank operates, including changes that adversely affect borrowers’ ability to service and repay Ponce Bank loans; the anticipated impact of the COVID-19 pandemic and Ponce Bank’s attempts to mitigate it; changes in the value of securities in the investment portfolio; changes in loan default and charge rates; fluctuations in real estate values; the adequacy of loan loss reserves; declines in the level of deposits necessitating increased borrowing to finance loans and investments; operational risks, including but not limited to cybersecurity, fraud and natural disasters; changes in government regulations; changes in accounting standards and practices; the risk that the intangible assets recognized in the financial statements will be impaired; demand for loans in Ponce Bank’s market area; Ponce Bank’s ability to attract and retain deposits; risks related to the implementation of acquisitions, divestitures and restructurings; the risk that Ponce Financial Group will fail to implement its business strategy; changes in the assumptions used to make these forward-looking statements and the risk factors described in PDL’s annual report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC” ), which are available on the SEC’s website, www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. PDL and Ponce Financial Group disclaim any obligation to publicly update or revise any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes, except as required by law or the applicable regulations require it.

A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission. This press release is neither an offer to sell nor a solicitation of an offer to buy common shares.

Common stock is not savings accounts or savings deposits, may lose value, and is not insured by the Federal Deposit Insurance Corporation or any other government agency.

Contact:
Franck Perez
Frank.perez@poncbank.net
718-931-9000

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Stratton Equities Selects Lendsmart to Accelerate Underwriting Process | Business https://directvanqex.com/stratton-equities-selects-lendsmart-to-accelerate-underwriting-process-business/ Tue, 25 Jan 2022 02:13:42 +0000 https://directvanqex.com/stratton-equities-selects-lendsmart-to-accelerate-underwriting-process-business/

NEW YORK–(BUSINESS WIRE)–January 24, 2022–

Lend smarteran AI-powered digital lending platform, today announced its partnership with Stratton Equities, the leading national direct hard money lender and NON-QM, specializing in fast and flexible lending processes for borrowers owning real estate investment properties.

Stratton Equities integrates with Lendsmart’s AI-powered underwriting platform to underwrite loans in advance and reduce loan application processing time.

“Lendsmart predicts credit and underwriting terms required in the loan origination process by matching them to a borrower’s data in real time, rather than making the borrower wait over a month for news. underwriter,” said AK Patel, Founder and CEO of Lend Smart.

Lendsmart’s Optical Character Recognition (OCR) technology will provide the Mortgage Broker with access to the necessary source data, enabling instant verification of assets, income, employment, as well as automatically completed 1003 and loan application forms .

“With Lendsmart, we can provide a higher level of service to our customers and dramatically improve the onboarding experience,” said Michael Mikhail, CEO and Founder of Stratton Equities. “We can also approve customers faster and close more deals.”

The partnership will allow Lendsmart to continue its goal of supporting lenders with the latest technology and helping more borrowers get a loan in record time.

About Lendsmart

Lendsmart (founded in 2018) is an AI-powered digital lending platform that automates and digitizes lending and home buying transactions to create a unique, automated conversational experience for banks, credit unions, and businesses. non-bank lenders. By using artificial intelligence to digitize up to 70% of the loan and home buying process, Lendsmart enables borrowers to obtain a loan, refinance or buy a home in record time. For more information, visit https://lendsmart.ai.

About Stratton Stocks

Stratton Equities is the nation’s leading hard money and NON-QM direct lender, specializing in fast and flexible lending processes. Its team is owned and operated by experienced real estate investors, providing a reliable and knowledgeable team to help all real estate investors succeed. For more information, visit https://www.strattonequities.com/.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220124005722/en/

CONTACT: Lara Jordan

lara@lendsmart.ai

415-200-7422

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: SOFTWARE CONSTRUCTION & REAL ESTATE INSURANCE FINANCE BANKING PROFESSIONAL SERVICES TECHNOLOGY REIT

SOURCE: Lendsmart

Copyright BusinessWire 2022.

PUBLISHED: 01/24/2022 9:13 PM / DISK: 01/24/2022 9:13 PM

http://www.businesswire.com/news/home/20220124005722/en

Copyright BusinessWire 2022.

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My favorite streaming stock for 2022 https://directvanqex.com/my-favorite-streaming-stock-for-2022/ Sat, 25 Dec 2021 16:30:00 +0000 https://directvanqex.com/my-favorite-streaming-stock-for-2022/

Making money work in stocks that benefit from general and secular trends can be a lucrative strategy. Whether it’s digital payments, cloud computing, or e-commerce, when the entire industry is well supported, individual businesses in those industries do well.

Another area to invest in is streaming-entertainment industry. There are a number of stocks to consider, but I only have one eye on one right now as the New Year approaches.

here’s why Roku (NASDAQ: ROKU) is my favorite streaming stock for 2022.

Image source: Getty Images.

A rising tide lifts all the boats

Netflix (NASDAQ: NFLX) undoubtedly the pioneer of streaming entertainment, delivering premium quality content direct to internet viewers. With a current market capitalization approaching $ 270 billion and a membership count of 214 million, its monster success has led rival companies to introduce their own services in order to gain clients.

Roku has a particularly attractive business model because it pays off regardless of which specific streaming service ends up with the most subscribers – whether it’s Netflix, Walt disneyfrom Disney +, AT&Tfrom HBO Max, or Amazon First video. This is because they all use Roku as a gateway to reach viewers, helping Roku grow its user base as well as generate more ad revenue and various fees.

As more consumers switch from traditional cable TV to streaming, Roku will gain even more. It is estimated that 27% of US households will have abandoned their cable TV subscriptions by 2021, a trend that has been accelerated by the pandemic. Roku, with its leading US market share of 37% among streaming companies – including 56.4 million active accounts that watch an average of three and a half hours a day – is well positioned in the industry.

This growing and engaged user base makes Roku a very effective tool for connected TV advertising capabilities. Businesses of all sizes – from Walmart to small e-commerce businesses that reach directly to consumers – turn to OneView, Roku’s advertising platform, to execute their targeted marketing campaigns.

Add these favorable traits to a stock that has been in crater since July, and Roku is clearly a worthwhile investment in the streaming space.

The runaway success of The Roku Channel

There’s one thing in particular that makes Roku my favorite streaming stock for 2022, and that’s the dazzling success of The Roku Channel, which was among the top five streaming services on its platform in the third quarter.

Roku generated 86% of its revenue in the last quarter from its video streaming platform, a proportion that has grown over time compared to hardware sales. The platform business generates high margin subscription and advertising fees, which are the bread and butter of Roku’s operating model.

Usually, Roku takes 30% of the ad revenue on its platform, with the remaining 70% going to the ad-supported video-on-demand (or AVOD) service that has contracted with Roku. But since The Roku Channel is owned by the company, it retains 100% of advertising sales on this digital “real estate”.

During the third quarter, Roku added 23 new “Roku Original” titles to its own channel and plans to introduce 50 new shows over the next two years. Viewers can also watch over 200 traditional cable TV channels and licensed content from over 200 partners. It’s all free. As a result, The Roku Channel’s streaming hours have doubled over the past year, and its growing popularity is creating an unstoppable flywheel effect.

Why is this so important? Better content obviously brings more viewing to the Roku channel, which makes advertising on this channel much more appealing to marketers who want to reach a large audience. Since all of that ad revenue belongs to Roku, then the company has more money to reinvest in more content and get more viewers. And the cycle continues.

“The main focus is on the Roku platform, where The Roku Channel has become a very important asset to us. It is very successful and continues to perform well, ”commented Founder and CEO Anthony Wood. Call for Q3 results. It’s no surprise that the average revenue per user jumped 49% year over year to reach $ 40.10 in the third quarter.

The Roku Channel has taken a real boost this year and I think it’s a legitimate competitive advantage for the whole business. This is one of the main reasons I love the company as one of the top streaming titles by 2022.

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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of the board of directors of The Motley Fool. Neil patel owns Netflix and Roku. The Motley Fool owns and recommends Amazon, Netflix, Roku, and Walt Disney. The Motley Fool recommends the following options: $ 1,920 long calls in January 2022 on Amazon and $ 1,940 short calls in January 2022 on Amazon. The Motley Fool has a disclosure policy.

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RTI Deposit: Not reporting these high value transactions may give you income tax notice https://directvanqex.com/rti-deposit-not-reporting-these-high-value-transactions-may-give-you-income-tax-notice/ Sat, 25 Dec 2021 00:55:07 +0000 https://directvanqex.com/rti-deposit-not-reporting-these-high-value-transactions-may-give-you-income-tax-notice/

ITR Deposit: Failure to Report These High Value Transactions May Give You Income Tax Notice

New Delhi: Taxpayers are required to report some high value transactions on their income tax return (RTI), failing which they may receive a tax notice from the income tax service. It should be mentioned here that the IT department receives information from several government agencies about high value transactions made by individuals. So if you don’t report these transactions in the RTI, IT can send you a notice asking for an explanation.

Here are the high value transactions your taxpayers must report in their ITRs:

Make a fixed deposit above Rs 10 lakh with cash

If you make a fixed deposit of more than Rs 10 lakh in cash, it should be reported in the RTI. The Central Commission of Direct Taxes (CBDT) has asked banks to report these individual deposits if they exceed Rs 10 lakh in value.

Make a cash deposit of over Rs 10 lakh to savings bank accounts

If the holder of a savings account deposits more than Rs 10 lakh into their account during a fiscal year, the Income Tax Service may serve an income tax notice. Therefore, deposits and withdrawals of cash from a bank account exceeding the limit of Rs 10 lakh during a financial year must be disclosed to the tax authorities. In current accounts, the ceiling is Rs 50 lakh.

Pay credit card bills with cash

Payment of a credit card bill of Rs 1 lakh or more in cash should also be reported. Additionally, if a payment of Rs 10 lakh or more is made in a fiscal year to settle credit card bills, the payment should be disclosed in the RTI.

Purchase or sale of a building

Property registration offices are required to disclose any investment or sale of real estate for an amount of Rs 30 lakh or more to the tax authorities. So, in case you buy or sell a property for more than Rs 30 lakh, you should report it to the IT department.

Cash transactions related to stocks, mutual funds, debentures and bonds

If you have made investments in mutual funds, stocks, bonds or debentures using cash, you should make sure that the value of the transaction does not exceed Rs 10 lakh. The IT department created an annual financial transaction information return (AIR) to track high value taxpayer transactions. Tax officials will collect on this basis details of unusual high value transactions during a particular fiscal year.

Foreign exchange sales / foreign exchange expenses

If you received an amount of Rs 10 lakh or more during a financial year for the sale of foreign currency, you must report it in ITR. Likewise, any credit in foreign currency, by debit card or credit card or issuance of traveller’s check, draft or other instruments, must be notified to the IT department.

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CrossCountry Mortgage Named Official Mortgage Partner for Wednesday’s Armed Forces Bowl in Fort Worth, Texas https://directvanqex.com/crosscountry-mortgage-named-official-mortgage-partner-for-wednesdays-armed-forces-bowl-in-fort-worth-texas/ Mon, 20 Dec 2021 16:00:00 +0000 https://directvanqex.com/crosscountry-mortgage-named-official-mortgage-partner-for-wednesdays-armed-forces-bowl-in-fort-worth-texas/

Wednesday’s game kicks off at 7:00 p.m. CST on ESPN, will feature the Independent Army West Point Black Knights, 8-4, and the Missouri Tigers, 6-6, from the Southeastern Conference.

Known as “The Bowl for the Brave,” the Armed Forces Bowl shines a light on all branches of the military and includes an array of pre- and during-game activities drawing attention to the sacrifices of the heroes of the nation. It is the only bowl game to have featured all three US military academies on multiple occasions, most recently Army in 2018.

The bowl is also a source of civic pride for the city of Fort worth, who has served as the host since the game began in 2003. As part of this relationship, the bowl sponsors an annual pre-game visit by players from each team to the Cook Children’s Medical Center, a pediatric hospital in nationally renowned downtown based Fort worth. Due to the restrictions linked to the pandemic, the CCM organized the delivery of toys from FAO Schwarz to dozens of hospital patients.

“This annual game and the dozens of activities leading up to kick-off remind us of what is most important in our lives: the selfless individuals who help protect our nation and the family and community commitments that we hold on to. keep united and strong, ”said CrossCountry. Founder and CEO of Mortgage Ron Leonhardt Jr. “We are very proud to come forward to support this exciting event and to help add joy to the lives of children who face significant health challenges.”

Since 2014, the Armed Forces Bowl has been the most significant bowl game. In last year’s game, played the 31st of December, Mississippi State squeaked by Tulsa, 28-26. Eighty-four players who competed in the Armed Forces Bowl were selected in the NFL Draft. The MVP of the game 2015, Jared goff, became the No. 1 pick in the 2016 draft. He is now the starting quarterback for the Detroit Lions.

Situated at Cleveland, Ohio, CrossCountry Mortgage serves clients in all 50 states through a network of more than 500 branches. Founded by Leonhardt in 2003, the company was included this year for the eighth time on the prestigious Inc. 5000 list of America’s fastest growing private companies. CCM offers a broad portfolio of loan solutions tailored to the needs of buyers, sellers and real estate agents.

CROSSCOUNTRY MORTGAGE, LLC is one of America’s top 10 retail mortgage lenders, founded in 2003 by CEO Ronald J. Leonhardt, Jr. The company has more than 6,000 employees and licenses in all 50 states. A direct lender and seller and service agent approved by Freddie Mac, Fannie Mae and Ginnie mae, CCM offers a broad portfolio of home buying and refinancing programs ranging from conventional and jumbo mortgages to government-insured programs for veterans and rural homebuyers. Additional options include down payment assistance, home equity products and accelerated closing programs. CrossCountry Mortgage is on the Inc. 5000 list of America’s fastest growing private companies and has received several other local and national awards for its sales and growth. For more information, please visit crosscountrymortgage.com.

SOURCE CrossCountry Mortgage

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