#asset finance lenders

[financecompaniesnearme]

Unveiling the Magic of Asset Finance Providers: Your Key to Financial Prosperity

In the ever-evolving world of finance, asset finance provider are the magicians who can turn your financial dreams into reality. They possess the power to unlock the potential of your assets and help you achieve your financial goals. In this article, we'll explore the realm of asset finance providers, why they matter, and how they can be the wizards of your financial success.

The Art of Asset Finance

Think of your assets as the tools in your financial toolbox. Whether it's machinery for your business, a vehicle for your personal use, or even real estate – your assets hold the key to financial growth. Asset finance is the art of leveraging these assets to secure financing and drive your financial aspirations forward.

The Benefits of Asset Finance

Before we dive deeper into the world of asset finance providers, let's understand why asset finance is such a valuable tool:

1. Efficient Capital Utilization: Asset finance is like a master chef making the most of every ingredient in a recipe. It allows you to utilize your assets without tying up your capital, keeping your financial resources available for other critical needs.

2. Accelerated Growth: Just as a turbocharger enhances an engine's performance, asset finance can turbocharge your business growth by providing the necessary funds for expansion, equipment upgrades, or fleet expansion.

3. Risk Management: Asset finance providers can help you navigate the treacherous waters of asset depreciation and technological obsolescence. It's like having a financial compass that keeps you on the right path.

4. Tax Benefits: Asset finance can offer potential tax advantages by allowing you to deduct lease payments as operating expenses. It's like finding hidden treasure in your financial statement.

5. Customized Solutions: Asset finance providers offer tailored solutions that fit your unique business or personal financial objectives. It's like having a bespoke suit made to measure, ensuring the perfect fit.

The Search for the Right Asset Finance Provider

Now that you grasp the significance of asset finance, the next step is to find the ideal asset finance provider for your needs. Here's how to go about it:

1. Define Your Goals

Begin by setting clear financial goals. Are you looking to expand your business, upgrade equipment, or acquire a new vehicle? Having a clear vision will help you identify the most suitable asset finance provider.

2. Research Online

The digital age has made it easier than ever to find asset finance providers. A quick online search, such as "asset finance provider near me," can reveal a list of potential partners. Explore their websites, read reviews, and get a feel for their services.

3. Seek Recommendations

Don't hesitate to tap into your network. Friends, colleagues, and business associates may have valuable recommendations based on their own experiences. It's like getting advice from fellow travelers who have explored the same path.

4. Verify Credentials

Ensure that the asset finance provider you consider is reputable and holds the necessary licenses and accreditations. This is like checking a doctor's qualifications before entrusting them with your health.

5. Consultation and Assessment

Contact potential asset finance providers and arrange consultations. These consultations are like job interviews for your financial partner. Ask about their experience, approach, and the solutions they can offer to help you achieve your goals.

6. References and Case Studies

Request references and case studies from previous clients. It's like reading customer reviews before making an important purchase. Hearing about successful partnerships can give you confidence in your decision.

The Wizardry of Asset Finance Providers

While some may consider navigating asset finance on their own, working with an asset finance provider has numerous advantages:

Expertise: Asset finance providers are like financial wizards who possess a deep understanding of asset evaluation, market trends, and financing structures.

Access to Resources: Just as a magician has a collection of props, asset finance providers have access to a wide range of financial tools and resources, making them versatile and adaptable.

Time and Efficiency: Managing asset finance can be complex and time-consuming. Asset finance providers free you from the intricacies, allowing you to focus on your core business or personal pursuits.

Risk Management: Asset finance providers have the skills to mitigate risks and navigate asset value fluctuations, much like seasoned sailors chart their course through unpredictable waters.

Customization: Asset finance providers tailor solutions to your specific needs and objectives, just like a skilled artist creates a masterpiece that reflects your vision.

Conclusion: Turning Dreams into Reality

In the vast landscape of finance, asset finance providers are like the enchanters who can turn your financial dreams into reality. Whether you're a business owner looking to expand your operations or an individual aiming to acquire a valuable asset, the right asset finance provider can be the magician who pulls success out of the hat. So, when you think about unlocking the potential of your assets and achieving your financial goals, remember that an experienced asset finance provider is just a call or click away, ready to work their magic and make your financial aspirations a reality.

[bullventurecapital]

The 3 different types of Investment property financing

Real estate investment constitutes one of the most promising and popular types of investment in the contemporary world for those who are ready to buy a rental property or start a new construction – yet, it is one of the most challenging to receive financing for – especially if you do not have a significant amount of money to invest or do not want to risk your own property as collateral. It is here that you can turn to other forms of funding such as an asset-based lending and bridge financing for the cash boost.

At Bull venture Capital, we deal with such non-traditional business financing options, of which include; acquisitions of investment properties or commercial property for renovation, new construction ventures among others. OP: Unlike the traditional bank loans which involve underwriting using personal credit, income and existing assets, our asset based loans focus majorly on the prospects and expected value of the real estate you intend to purchase and develop.

Investment property financing

Investment property financing allows capital acquisition to those who cannot meet requirements of other financing options. It also helps safeguard your own assets from being locked up as security for a new loan. Specific loan programs we offer include:

- Bridge Loans – Working capital financing for acquisition before takeout financing are obtained

- Rehab Loans – Utilize to fund property rehabilitation and enhancement.

- New Construction Loans – Finance ground up development transactions

It is with this spirit that at Bull venture Capital we boast in offering innovative finance solutions no matter the real estate transaction. And we know speed and certainty are the essence when looking for new exciting property deals or construction projects. The funding through our asset based lending programs can take about 1-2weeks to be processed.

Whether you require funding to grow your rental portfolio or for a new development opportunity, please get in touch with us to learn how we can structure a commercial loan that is responsive to your needs and objectives.

[shinycolortragedy]

Asset-based lending (ABL) is a financing solution where a company uses its assets (such as inventory, accounts receivable, or equipment) as collateral to secure a loan. It’s like unlocking hidden value within your business. Read more- https://statefinancial.com/advantages-of-asset-based-lending-for-small-businesses-in-arizona/

[asbcapitalloanfunding]

und Your Startup Or Small Business 0% Interest For The First 12 Months

Discover How To Get Funding With Our Proven & Simple System and Fund Your Startup Or Small Business 0% Interest For The First 12 Months. Learn more

[niveditaabaidya]

Russia’s Sovcombank Plans To Spin Off Blocked Assets. #news #bank #sovco...

[cavenasset]

If you looking for the financial institution and you if you fell like truest which one because they cannot do something wrong in the paperwork so if you looking for someone who guide you so cavendish capital provide you the asset based finance & business finance lending & cavendish is institute who guide people about the services & help them borrow the money on assets

[lsfinancebroking]

Find The Best And Right Investment Loans Near Me

Are you looking for a reliable lender who will offer the best deal possible for your home loan? Then look no further than LS Finance Broking. We are one of the best mortgage brokers, and with our extensive knowledge in the industry and vast network of financial partners, we will get you the best deal possible. We will always research the best arrangement for our clients and get them the most affordable loan possible. Do not hesitate to contact us for more information about investment loans near me.

[speirsfinances]

We all understand that buying cheap does not always equate to the best value purchase but when it comes to finance, the interest rate is often the primary focus and this can lead to poor customer outcomes. For more information to visit our website https://speirsfinance.co.nz/ or feel free to contact us.

[mostlysignssomeportents]

Leveraged buyouts are not like mortgages

I'm coming to DEFCON! On FRIDAY (Aug 9), I'm emceeing the EFF POKER TOURNAMENT (noon at the Horseshoe Poker Room), and appearing on the BRICKED AND ABANDONED panel (5PM, LVCC - L1 - HW1–11–01). On SATURDAY (Aug 10), I'm giving a keynote called "DISENSHITTIFY OR DIE! How hackers can seize the means of computation and build a new, good internet that is hardened against our asshole bosses' insatiable horniness for enshittification" (noon, LVCC - L1 - HW1–11–01).

Here's an open secret: the confusing jargon of finance is not the product of some inherent complexity that requires a whole new vocabulary. Rather, finance-talk is all obfuscation, because if we called finance tactics by their plain-language names, it would be obvious that the sector exists to defraud the public and loot the real economy.

Take "leveraged buyout," a polite name for stealing a whole goddamned company:

Identify a company that owns valuable assets that are required for its continued operation, such as the real-estate occupied by its outlets, or even its lines of credit with suppliers;

Approach lenders (usually banks) and ask for money to buy the company, offering the company itself (which you don't own!) as collateral on the loan;

Offer some of those loaned funds to shareholders of the company and convince a key block of those shareholders (for example, executives with large stock grants, or speculators who've acquired large positions in the company, or people who've inherited shares from early investors but are disengaged from the operation of the firm) to demand that the company be sold to the looters;

Call a vote on selling the company at the promised price, counting on the fact that many investors will not participate in that vote (for example, the big index funds like Vanguard almost never vote on motions like this), which means that a minority of shareholders can force the sale;

Once you own the company, start to strip-mine its assets: sell its real-estate, start stiffing suppliers, fire masses of workers, all in the name of "repaying the debts" that you took on to buy the company.

This process has its own euphemistic jargon, for example, "rightsizing" for layoffs, or "introducing efficiencies" for stiffing suppliers or selling key assets and leasing them back. The looters – usually organized as private equity funds or hedge funds – will extract all the liquid capital – and give it to themselves as a "special dividend." Increasingly, there's also a "divi recap," which is a euphemism for borrowing even more money backed by the company's assets and then handing it to the private equity fund:

https://pluralistic.net/2020/09/17/divi-recaps/#graebers-ghost

If you're a Sopranos fan, this will all sound familiar, because when the (comparatively honest) mafia does this to a business, it's called a "bust-out":

https://en.wikipedia.org/wiki/Bust_Out

The mafia destroys businesses on a onesy-twosey, retail scale; but private equity and hedge funds do their plunder wholesale.

It's how they killed Red Lobster:

https://pluralistic.net/2024/05/23/spineless/#invertebrates

And it's what they did to hospitals:

https://pluralistic.net/2024/02/28/5000-bats/#charnel-house

It's what happened to nursing homes, Armark, private prisons, funeral homes, pet groomers, nursing homes, Toys R Us, The Olive Garden and Pet Smart:

https://pluralistic.net/2023/06/02/plunderers/#farben

It's what happened to the housing co-ops of Cooper Village, Texas energy giant TXU, Old Country Buffet, Harrah's and Caesar's:

https://pluralistic.net/2021/05/14/billionaire-class-solidarity/#club-deals

And it's what's slated to happen to 2.9m Boomer-owned US businesses employing 32m people, whose owners are nearing retirement:

https://pluralistic.net/2022/12/16/schumpeterian-terrorism/#deliberately-broken

Now, you can't demolish that much of the US productive economy without attracting some negative attention, so the looter spin-machine has perfected some talking points to hand-wave away the criticism that borrowing money using something you don't own as collateral in order to buy it and wreck it is obviously a dishonest (and potentially criminal) destructive practice.

The most common one is that borrowing money against an asset you don't own is just like getting a mortgage. This is such a badly flawed analogy that it is really a testament to the efficacy of the baffle-em-with-bullshit gambit to convince us all that we're too stupid to understand how finance works.

Sure: if I put an offer on your house, I will go to my credit union and ask the for a mortgage that uses your house as collateral. But the difference here is that you own your house, and the only way I can buy it – the only way I can actually get that mortgage – is if you agree to sell it to me.

Owner-occupied homes typically have uncomplicated ownership structures. Typically, they're owned by an individual or a couple. Sometimes they're the property of an estate that's divided up among multiple heirs, whose relationship is mediated by a will and a probate court. Title can be contested through a divorce, where disputes are settled by a divorce court. At the outer edge of complexity, you get things like polycules or lifelong roommates who've formed an LLC s they can own a house among several parties, but the LLC will have bylaws, and typically all those co-owners will be fully engaged in any sale process.

Leveraged buyouts don't target companies with simple ownership structures. They depend on firms whose equity is split among many parties, some of whom will be utterly disengaged from the firm's daily operations – say, the kids of an early employee who got a big stock grant but left before the company grew up. The looter needs to convince a few of these "owners" to force a vote on the acquisition, and then rely on the idea that many of the other shareholders will simply abstain from a vote. Asset managers are ubiquitous absentee owners who own large stakes in literally every major firm in the economy. The big funds – Vanguard, Blackrock, State Street – "buy the whole market" (a big share in every top-capitalized firm on a given stock exchange) and then seek to deliver returns equal to the overall performance of the market. If the market goes up by 5%, the index funds need to grow by 5%. If the market goes down by 5%, then so do those funds. The managers of those funds are trying to match the performance of the market, not improve on it (by voting on corporate governance decisions, say), or to beat it (by only buying stocks of companies they judge to be good bets):

https://pluralistic.net/2022/03/17/shareholder-socialism/#asset-manager-capitalism

Your family home is nothing like one of these companies. It doesn't have a bunch of minority shareholders who can force a vote, or a large block of disengaged "owners" who won't show up when that vote is called. There isn't a class of senior managers – Chief Kitchen Officer! – who have been granted large blocks of options that let them have a say in whether you will become homeless.

Now, there are homes that fit this description, and they're a fucking disaster. These are the "heirs property" homes, generally owned by the Black descendants of enslaved people who were given the proverbial 40 acres and a mule. Many prosperous majority Black settlements in the American South are composed of these kinds of lots.

Given the historical context – illiterate ex-slaves getting property as reparations or as reward for fighting with the Union Army – the titles for these lands are often muddy, with informal transfers from parents to kids sorted out with handshakes and not memorialized by hiring lawyers to update the deeds. This has created an irresistible opportunity for a certain kind of scammer, who will pull the deeds, hire genealogists to map the family trees of the original owners, and locate distant descendants with homeopathically small claims on the property. These descendants don't even know they own these claims, don't even know about these ancestors, and when they're offered a few thousand bucks for their claim, they naturally take it.

Now, armed with a claim on the property, the heirs property scammers force an auction of it, keeping the process under wraps until the last instant. If they're really lucky, they're the only bidder and they can buy the entire property for pennies on the dollar and then evict the family that has lived on it since Reconstruction. Sometimes, the family will get wind of the scam and show up to bid against the scammer, but the scammer has deep capital reserves and can easily win the auction, with the same result:

https://www.propublica.org/series/dispossessed

A similar outrage has been playing out for years in Hawai'i, where indigenous familial claims on ancestral lands have been diffused through descendants who don't even know they're co-owner of a place where their distant cousins have lived since pre-colonial times. These descendants are offered small sums to part with their stakes, which allows the speculator to force a sale and kick the indigenous Hawai'ians off their family lands so they can be turned into condos or hotels. Mark Zuckerberg used this "quiet title and partition" scam to dispossess hundreds of Hawai'ian families:

https://archive.is/g1YZ4

Heirs property and quiet title and partition are a much better analogy to a leveraged buyout than a mortgage is, because they're ways of stealing something valuable from people who depend on it and maintain it, and smashing it and selling it off.

Strip away all the jargon, and private equity is just another scam, albeit one with pretensions to respectability. Its practitioners are ripoff artists. You know the notorious "carried interest loophole" that politicians periodically discover and decry? "Carried interest" has nothing to do with the interest on a loan. The "carried interest" rule dates back to 16th century sea-captains, and it refers to the "interest" they had in the cargo they "carried":

https://pluralistic.net/2021/04/29/writers-must-be-paid/#carried-interest

Private equity managers are like sea captains in exactly the same way that leveraged buyouts are like mortgages: not at all.

And it's not like private equity is good to its investors: scams like "continuation funds" allow PE looters to steal all the money they made from strip mining valuable companies, so they show no profits on paper when it comes time to pay their investors:

https://pluralistic.net/2023/07/20/continuation-fraud/#buyout-groups

Those investors are just as bamboozled as we are, which is why they keep giving more money to PE funds. Today, the "dry powder" (uninvested money) that PE holds has reached an all-time record high of $2.62 trillion – money from pension funds and rich people and sovereign wealth funds, stockpiled in anticipation of buying and destroying even more profitable, productive, useful businesses:

https://www.institutionalinvestor.com/article/2di1vzgjcmzovkcea8f0g/portfolio/private-equitys-dry-powder-mountain-reaches-record-height

The practices of PE are crooked as hell, and it's only the fact that they use euphemisms and deceptive analogies to home mortgages that keeps them from being shut down. The more we strip away the bullshit, the faster we'll be able to kill this cancer, and the more of the real economy we'll be able to preserve.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/08/05/rugged-individuals/#misleading-by-analogy

[uboat53]

I'm calling it now, Donald Trump had a stroke. Hear me out.

So, first of all, Trump did an interview with Elon Musk yesterday on Twitter (or "X", I suppose) where he sounded off. I hadn't heard it until today so I was prepared for it not to be as bad as the chatter, but it was definitely bad. Whenever he got excited it seemed like his mouth filled up with saliva to the point where he sounded like Sylvester the Cat; I half expected to hear him say "thuffering thucotash!" after listening to him for only 30 seconds.

Of course his campaign is trying to blame it on the sound equipment and, while he does sound a trifle muffled, I know a few people who deal with sound equipment (benefits of marrying a music teacher) and none of them think this is something that the equipment could have caused.

So why do I think it's a stroke? Let me explain with a story.

You see, in 2016, I had a discussion with a friend where I argued that we should assume Trump is in debt for more than the value of his assets. You see, at that point he was refusing to release tax returns and financial records to prove that he was actually as rich as he said he was. My point was that, by assuming good things about his finances, he would have no incentive to actually release the documents because anything in them was probably much worse than what we were assuming. By assuming the worst, we provide incentive for him to release them, if only just to prove us wrong.

Now it's eight years later and… boy do we know a lot of bad things about his finances. We know that almost none of his buildings run at a profit and that the only one that does is the one that he doesn't manage (the Vornado partnership). We know that his charity was shut down for being a slush fund that did no actual charitable work, we know that he fraudulently inflates and deflates the values of his properties depending on whether he's talking to a lender or a tax collector, and we know that he falsified his business records to hide illegal payments to aid his political career.

In other words, if we'd assumed the worst in 2016, we'd have been much closer to being correct than if we'd even made a neutral assumption!

So that's why I think Trump had a stroke. It would explain why he suddenly developed a speech impediment (unlike Biden's stutter, this wasn't there four years ago) and why he's been holed up in Mar a Lago for the last month.

If he didn't have a stroke, then let's hear the real explanation for these things. I'm betting I'm much closer to being correct than the people who would brush it off as nothing.

[racefortheironthrone]

Could the Iron Throne be able to issue bonds, to finance its expenses, instead of going to the Iron Bank for a loan?

A government issuing bonds is the same thing as the government taking out a loan. The main difference is that, in the case of issuing a bond, the government is spreading out its borrowing between many lenders by selling bonds on the open market to anyone who wants to buy them rather than having that loan owed to a single entity like the Iron Bank. This means that the government is less beholden to any one creditor and it's less likely that the government's creditors can use their economic leverage to affect government policy.

The second advantage of structuring government debt through bonds is that it allows the government to break its total borrowing needs into smaller, more affordable units. Very few financial institutions would have had the capital to finance the £1,200,000 that made up the government's inaugural loan at the Bank of England in 1690 - but a lot more people could afford to lend the government £10, £25, £50, or £100 pounds.

Between this and later innovations in marketing bonds to the general public, the market for government debt was massively expanded. Not only did this create a class of rentiers who were now personally invested in the government's success, but it also immediately deepened the capital markets by creating a large supply of stable assets that could be bought and sold and borrowed against. While some of the shortcomings of the Hamilton musical and Chernow's biography have become more obvious in hindsight, they're not wrong about the impact of Hamilton's policies as Treasury Secretary on the development of the American economy.

The difficulty facing the Iron Throne in adapting an early modern system of government finance is that it doesn't have the state capacity to run this kind of an operation: it doesn't have a central bank to act as the government's marketer, issuer of banknotes, and lender of last resort; it doesn't have a sinking fund to manage the level and price of debt; it hasn't issued charters to merchant's guilds or joint-stock companies that could combine the small capital of individuals and thus more easily afford to buy bonds; and it doesn't have enough literate people who've studied accounting to staff a royal bureaucracy large enough to coordinate and keep records of all of this economic activity.

[bullventurecapital]

Financing Real Estate Rental Loans California: What Is It?

Whether experienced or a first-time investor, getting the right kind of finance for an investment can spell a whole world of success. The tailor-made real estate investment loans for rental properties help offer the much-needed capital for the acquisition and management of such an asset; this provides numerous advantages that cater to the needs of real estate investors. The importance of financing real estate rental loans California is huge.

Investors can make the most of the type of financing available regarding real estate investments, which is customarily based on the acquisition and holding of rental property. There is an appreciation involving the particular demand in real estate investments, and the lending facilities are well suited for the investor. This can be performed by the provision of flexible loan terms, making it possible to pay interest only, among other things; these facilities are not available with traditional home mortgages.

Loan terms that work for the investor should, therefore, improve an investor's cash flow. Interest-only loans or loans with a longer amortization period could reduce the monthly payment obligation, making cash available for managing the property or even maintaining it, let alone other investment opportunities that could arise. More cash in-flows at this point mean increased chances or rather opportunity capitalization on maintaining and escalating rental property portfolios.

Look for loan specialists in investment lending within the real estate market. One will get a loan, ready to work for you in the rental property market. This approach could include both conventional bank options and private money sources in capturing low rates and favorable terms.

Prepare Solid Financials

They will put your financial stability and the history of your credit under scrutiny, as well as the rental income that this property may produce. Therefore, make sure that you are in sound financial shape with good credit scores, low debt-to-income ratios, and properly documented sources of income and assets. Having a really sound business plan for the property to be rented is also a favorable factor when applying for a loan.

Real estate investment loans in California become one of the most important avenues by which investors finance their rental property. They have financial solutions tailored according to the requirement, competitive interest rates, and the best utilization of the invested capital. Therefore, if this type of financing offers the best advantages and at the same time executes the best practice of obtaining financing, an investor is positioned to take advantage of the most rewarding investing opportunities in the California rental property marketplace.

[mariacallous]

Rising sea levels, biodiversity collapse, extreme weather—these are the grisly horsemen of climate apocalypse. But don’t forget the fretting loan officers. A study published earlier this year found that US mortgage approvals tend to dip following periods of hotter-than-normal weather. For every 1 degree Celsius that temperatures rise above average, approvals fell by nearly 1 percent—and their value by more than 6.5 percent.

Lower consumer demand was only part of the problem, according to the study’s authors. The effect was mostly down to loan officers’ worries about climate change and what it might mean for the assets they were lending against. In other words, climate change was devaluing property before their very eyes.

It’s not just the heat. In May, yet another beachfront house in North Carolina’s Outer Banks tumbled into the angry sea. It’s the sixth home lost along Cape Hatteras National Seashore since 2020. Researchers say lenders are increasingly trying to pass on the risk of mortgaging coastal properties due to calamities like this. Wildfires, hurricanes, and flooding are also impacting other financial services used by homeowners. It’s increasingly difficult to get home insurance in Minnesota, for instance, following extreme hail storms in recent years.

Big money is finally waking up to the fact that climate change is a gigantic problem. Property is the world’s greatest store of wealth, with a total value just shy of $380 trillion. This is four times global GDP. But there’s a new kind of toxic asset emerging in property portfolios. The number of homes in what you might call “subprime” locations is rising and, in some parts of the world, property value—like a crumbing coastline—is at risk of erosion. Lenders are getting noticeably more reluctant to lend against these assets. No wonder. In the Asia-Pacific region, nearly one in 10 properties owned by real estate investment trusts could be at “high risk” of climate-change-related damage—particularly those on seafronts, a report from climate risk consultancy XDI announced in May.

“Some communities are just going to become much more expensive to preserve,” says Dave Burt, founder and CEO of DeltaTerra Capital. “There’s a gravitational pull on the value of those properties.” Some banks are starting to highlight climate risk to borrowers. HSBC’s UK website, for example, has a page about how climate change could affect people’s mortgages. But Burt argues that buyers aren’t always being told about the medium- and long-term risks, nor are they necessarily having the amount they borrow scrutinized in terms of how their home might plummet in value in the coming years.

And yet, plenty of people are still buying US coastal properties, for instance—and paying ever bigger sums for the pleasure. This fuels the common climate-change-denier claim that because “all the billionaires” are still buying coastal properties, climate change must be a hoax. As if, for some people, “billionaire” somehow equates to “prophet” rather than simply “presently wealthy person.”

The banks may be starting to wake up to the financial risks, but it’s worth acknowledging that climate scientists have been sounding the alarm for years. More than a decade ago, Laura Moore, a professor in coastal geomorphology at the University of North Carolina at Chapel Hill, expressed concern about the risks posed to properties built in the Outer Banks. Now, some of those homes are collapsing as storms rapidly reshape the islands.

The worst-affected of these properties happen to be located on a bend in the coastline that is a natural erosion hot spot, but sea-level rise induced by climate change is only likely to hasten the damage, says Moore, and bring it to other coastal locations. “It is already more difficult to insure homes in coastal areas,” she says. “We can expect that to become more and more the case going forward.”

Plus, in locations like the Outer Banks, you can’t just build a seawall to protect vulnerable properties. The Outer Banks are barrier islands whose position and elevation naturally shift over many years as waves move sand from the front to the rear of the islands. Sticking a big wall on the front means that process goes awry. “The interior of the island gets lower and lower over time, relative to sea level, and more susceptible from the backside to flooding,” explains Moore. So, in some places, no amount of engineering will solve the problem—which is what people like Burt are concerned about.

In areas where hardening a home could reduce its exposure to climate-related risks, though, banks have been “pretty slow” to roll out products that might help people pay for solutions, including structural improvements, or defenses against flooding and wildfires, says Burt. But there are signs that the financial industry is gradually moving toward helping homeowners adapt and respond to climate change in other ways.

Lenders have cottoned on to the fact that the energy efficiency of a property has an impact on its value as an asset, for instance. It keeps people’s utility bills low, improving their ability to pay off their mortgage, for example. In the UK, most homes now have a rating that defines the property’s perceived efficiency—A being the highest, G the lowest. This takes into account things like insulation, energy-efficient lighting, and the type of heating system installed. “Banks would love to have A-rated properties,” says Stewart Cummins, a partner at PwC, a consultancy.

Research from the Bank of England suggests people with energy-efficient properties are more likely to keep up with their mortgage payments. Lenders also benefit from a PR and regulatory perspective by reducing the emissions associated with the assets in their portfolios.

For a homeowner, too, retrofitting insulation or more efficient heating technology might seem like a good investment, because banks may be happier to lend against their property in the future. This is already emerging with the rise of “green mortgages” or “energy-efficient mortgages.” In some cases, such products offer better interest rates or cash-back bonuses to buyers of properties with good energy ratings. You might also get a green mortgage if you agree to use some of the funds for an energy efficient retrofit yourself.

“Retrofit is going to happen. If mortgage lenders are at the forefront of that, they are protecting their customers,” says Rachael Hunnisett, a green mortgage specialist at the UK’s Green Finance Institute. However, buyers might not yet be swayed too much by these offers, says the Association of Mortgage Intermediaries in the UK. Consumer demand for green mortgages in the country is “not quite there yet,” but that could change if energy efficiency ratings begin to have a strong impact on house prices, the organization adds.

Clean energy firms are reaping the rewards of this emerging shift. Aira, a Swedish firm that carries out heat pump installations, recently announced that it had struck a deal valued at €200 million ($214 million) for loan commitments from the bank BNP Paribas. This will allow Aira customers in Germany to pay for their heat pumps in installments.

“Banks and financial institutions have a huge responsibility to accelerate the energy transition,” says Eirik Winter, BNP Paribas’ CEO in the Nordic region. That the financing arrangement could also boost property values is a “positive side effect,” he adds.

Home renovations and energy retrofits are not cheap. Loans are often necessary to lower the barrier to entry sufficiently for consumers. Lisa Cooke works for MCS, a body that accredits heat pumps and installers in the UK. She was able to afford a heat pump herself, she says, thanks only to a government grant and just under £5,000 ($6,300) of financing from Aira. “That’s really what has made it achievable for me,” she says. “Even with savings, I wouldn’t have been able to do it otherwise.”

Luca Bertalot, secretary general of the European Mortgage Federation—European Covered Bond Council, says there are huge risks to economic productivity if people can’t secure homes that protect them from the worst effects of climate change. In heat waves, he notes, worker productivity falls, meaning a negative impact on GDP. Conversely, he speaks of a kind of energy retrofit butterfly effect. If people make their home cheaper to cool or heat, perhaps they will save money, which they may spend on other things—their children’s education, say, which in turn improves their children’s chances of a comfortable life (and maybe of buying a climate-safe home themselves) in the future.

But there is still, perhaps, a sluggishness to recognize the storm that is coming. Energy efficiency does little to protect properties from the sharper effects of climate change—stronger storms, rising seas, wildfires, and floods. As governments become unable to cover the costs of these disasters, lenders and insurers will likely end up exposed to the risks. The US National Flood Insurance Program, for instance, is already creaking under the weight of rising debt.

“As the damages pile up, it could well be that the markets will become more efficient and the incentives [to harden properties] become stronger—because nobody’s bailing you out anymore,” says Ralf Toumi at Imperial College London, who consults for insurance firms.

Ultimately, climate change impacts on housing will force some to move elsewhere, suggests Burt. Given the irrevocability of some scenarios, such as coastal villages that could be lost to the sea, or communities that become doomed to endless drought, there are some assets that no amount of hardening or retrofit will ever save. The structural utility of these properties will, like water in a drying oasis, simply evaporate.

To lessen the burden on people who are most at risk of losing their home to climate change, affordable loans might one day be targeted at consumers in these areas to help them move to safer places, says Burt. Lenders who don’t take this approach, and who continue offering mortgages on homes destined to succumb to climate change, may soon rue the day. “If you’re trying to support those markets,” Burt says, “you’re throwing good money after bad.”

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Former President Donald Trump has a penchant for big talk. Whether it’s the extent of his wealth, the perfection of his phone calls or the square footage of his apartment, the former president never fails to express himself in superlatives. Anyone paying attention knows this.

And nobody is on higher alert for such overstatement than a bank appraiser entrusted with the mission of lending millions of dollars for use in a business deal. Apparently, however, New York Supreme Court Justice Arthur F. Engoron hasn’t been paying attention and is indulging a partisan effort to brand the leading candidate for the 2024 Republican nomination a criminal over a bit of asset valuation embroidery.

The former president isn’t the only one who engages in hyperbole. The “Justice” in Mr. Engoron’s title doesn’t mean he serves on the state’s highest court. Rather, New York applies the elevated term to the lowest district court judges. One form of embellishment is customary; the other is a felony. 

Justice Engoron, a registered Democrat, issued a preliminary ruling last month essentially giving away his intention to find the former president guilty of financial fraud. Dig below the surface and the nefarious conduct he outlines seems unexceptional.

In securing financing, Trump Organization accountants handed lenders their estimates of the value of various properties. Naturally, assessments of this sort are biased, and lenders take this into account before extending credit.

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Eligible Uses for SBA 504 Loans!

SBA 504 loans are primarily used for purchasing or refinancing fixed assets, which makes them perfect for:

Commercial real estate purchases – Whether a business is looking to buy a new office building, warehouse, or retail space, the SBA 504 loan can help finance the purchase with favorable terms.

Large equipment purchases – Manufacturing companies, construction firms, or businesses in other capital-intensive industries can use SBA 504 loans to finance major equipment purchases.

Renovations or improvements – Business owners can also use SBA 504 loans to improve or expand their existing properties, allowing for further growth and increased operational efficiency.

Debt Refinances or cash out refinances

Borrowers can refinance high rate or maturing debt, and can also get cash out for eligible business expenses (EBE).

Who is Eligible for an SBA 504 Loan?

To be eligible for an SBA 504 loan, a business must meet certain criteria:

It must operate as a for-profit business.

It must meet SBA size requirements (the vast majority of businesses do).

The loan must be used for qualifying purposes such as commercial real estate, equipment purchases, or improvements.

Conclusion

For loan brokers and lending professionals, the SBA 504 loan program is an excellent option to recommend to your clients, especially those looking to expand their businesses with large fixed asset purchases. The program's long-term, fixed-rate financing, low down payments, and structured partnership between the SBA, CDCs, and private lenders make it a win-win for both borrowers and lenders. If you're not already offering SBA 504 loans, now is the time to consider incorporating them into your service offerings. By doing so, you can help your clients secure the financing they need to grow while positioning yourself as a valuable and knowledgeable partner in their success.