QUESTION 1 The request will be handled using the canons of lending as detailed below: People/character Assessment Thomas Jones has a long standing relationship with the bank. His accounts have been maintained in a satisfactory manner with previous borrowing repaid on time. Thomas Jones set up TJ Property limited to acquire property and successfully converted this into 4 flats of good standard. This attests to his experience in property developments. Additional information The reputation and track record of Thomas Jones should be assessed by reading his credit files to gain insight into how he had honoured previous agreements. His profiles documents should also be reviewed to know more about his financial goals, organisational ability, efficiency, integrity and reliability. His business proposition should be examined to know whether it was well thought out and whether he has the drive and ability to see the proposition through to a successful completion. Purpose/Amount Assessment The purpose of the additional facilities is to convert the new property purchased in Bangor into 4 flats. The additional facilities requested will take Thomas Jones’ total borrowing to £1,100,000. The estimated market value of the property after completion is £1,960,000 Additional information Who valued the property and how reasonable was the valuation? More details about the rational for conversion to rental properties rather than outright sale should be assessed. Is the purpose of the
The obstacles landlords have to overcome causes them to lose their motivation to invest in rental properties and they instead flock towards other housing options to include condominiums, office towers, and hotels.
For many years, the American dream has been deteriorating for several reasons. Paul Krugman, author of “Confronting Inequality,” blames the “inequality of our income distribution.” He explains how and why the differences between wages of the poor and wealthy are a major conflict in today's society. Constance M. Ruzich and A. J. Grant, authors of “Predatory Lending and the Devouring of the American Dream,” argue that the downfall of the American dream has occurred because of predatory lending acts. According to the authors, predatory lending and inequality play a very significant role in the corruption of the American dream.
Provide detailed descriptions and show all calculations used to arrive at solutions for the following questions:
to fill in a 50acre mill pond area now known as Haymarket Square area. Land
The only check that is not showing cashed at this time is the check for Lending Club Corp in the amount of $22,497.00. The check to Sheffield Financial is showing cashed as of July 7th, 2015 and the check to Sallie Mae is showing cashed as of July 8th, 2015. With these checks being cashed so recently it might be in the best interest to allow a few additional days to verify if the check to the Lending Club Corp is received.
This document defines the Project Charter for a project to build the house for Mr. Anthony Carter and family in the area with main intersection Sheppard Ave and Warden Ave, Scarborough, Ontario.
Dot Point, Inc. is a retailer of washers and dryers and offers a three-year service contract on each appliance sold. Although Dot Point sells the appliances on an installment basis, all service contracts are cash sales at the time of purchase by the buyer. Collections received for service contracts should be recorded when?
Market needs: To follow the client wishes, due to the highly raising prices of real estate, we were considering building affordable housing. Also, another option is to construct offices for the city to use.
The Lawsons’ efficiency ratios are another section the bank will find troubling. The company’s age of payables has nearly tripled over the last four years. This can be detrimental to the company’s image and reliability including their reliability toward the bank if granted the loan. Along with increasing age of payables is increasing age of receivables and age of inventory. Indicating that Mr. Mackay is taking longer to collect his receivables and that he has purchased too much inventory. Too much inventory results can result in further issues
Others causes are taxation structure for rental properties, increasing needs of population segments, regulations and process
Over forty million United States Students are beneficiaries of student loans summing up to around $1.2 trillion. Student loan debt has grown to surpass consumer credit card debt to settle only second to mortgages. The great burden of loan repayment on graduates forced activist groups championing for loan forgiveness emerging led by Robert Applebaum. The federal government proposed policy responses encompassing reduction of interest rates, more flexible and enabling loan repayment plans, pardon of student loan schemes and regulation of tuition fees in colleges. This call was in response to widespread grievances raised by borrowers who had benefitted from the student loans (Hounanian, 2015).In 2009, President Obama reformed part of Direct
In September 2003, Mason Sexton, a young, inexperienced developer, was making plans to replace a rooming house he had inherited next to the University of Virginia campus in Charlottesville with a new 14-unit, 5-story apartment house. In his attempts to assemble the information, approvals, and resources necessary to go ahead, he runs into many problems associated with the development process. While Sexton is able to carry out most of the conceptual, investigative and planning stages of this development, he runs into many problems because of his inexperience and his initial plan changes over time. He runs into issues obtain financing, has to spend money to obtain a certificate of occupancy, underestimates the
Our client will be provided with an personal investor who will assess all the needs of our client.
One Bedroom Properties. [Online] Faulkner Residential Lettings & Management. Available: http://www.faulknerproperty.co.uk/searchresults.php?t=1u
1. He has minimal training in business ownership. He has the background of a computer programmer, and is getting his MBA but he is still in the process of learning and doesn’t have the knowledge to start an internet café.