Website Financing – Theme Killer http://themekiller.me/ Thu, 21 Oct 2021 15:22:42 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://themekiller.me/wp-content/uploads/2021/04/default.png Website Financing – Theme Killer http://themekiller.me/ 32 32 First national mortgage financing review 2021 https://themekiller.me/first-national-mortgage-financing-review-2021/ Thu, 21 Oct 2021 15:22:42 +0000 https://themekiller.me/first-national-mortgage-financing-review-2021/ Editorial independence We want to help you make better informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and earn us a referral commission. For more information, see How we make money. First national mortgage financing review 2021 Editor’s Note: (2.8 / 5) Editor’s Note: (2.8 […]]]>

We want to help you make better informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and earn us a referral commission. For more information, see How we make money.

First national mortgage financing review 2021

First national mortgage financing review 2021

Editor’s Note: (2.8 / 5)

First national mortgage financing review 2021

Editor’s Note: (2.8 / 5)

  • Minimum credit score:

    640 conventional and USDA; 620 VA; 580 FHA; 740 giant

  • Minimum deposit:

    0% to 5%, depending on the type of loan

  • Can apply online:

    Yes

  • Works in:

    6 states

NextAdvisor’s Take

Advantages

  • All three government sponsored home loan programs are available
  • Rate quotes and closing cost worksheet provided without hard credit
  • Closures can be as short as 12 business days

The inconvenients

  • A few phone calls needed for the quote
  • Only works in six states
  • Does not advertise mortgage rates or lender fees on its website
  • The credit score requirement for a jumbo loan is high

The bottom line

First National Financing offers conventional mortgages and all three government sponsored home loan programs, which is a good start. He also provides a no-call hard credit quote, and he may be able to close a loan within 12 business days. So this is a good option, but only if you are buying a home where the lender operates: California, Colorado, Florida, Georgia, Nebraska, and Washington.

Editorial independence

As with all of our mortgage lender reviews, our analysis is not influenced by any partnerships or advertising relationships. For more information on our rating methodology, Click here.

First comprehensive review of domestic funding

Based in Denver, Colorado, First National Financing is a mortgage broker and direct lender that operates in six states.

The company offers conventional and jumbo mortgages, as well as the three government-sponsored loans. They can provide a quote and a closing cost worksheet without a hard credit call and may be able to close a loan within 12 business days.

Here is what you need to know about this lender before applying.

First National Financing: Types and Products of Mortgages

First National Financing offers options for people who want to buy a home or refinance an existing mortgage. Here’s what the lender is offering right now:

With a fixed rate mortgage, the rate never changes and your principal and interest payments are predictable throughout the life of the loan. First National offers fixed-term loans of 15, 20 and 30 years.

Variable rate mortgages, or ARMs, have a fixed rate for a certain period of time. First National’s MRAs are available in terms of 3/1, 5/1, and 7/1 and are based on a 30-year repayment schedule. On a 3/1 ARM for example, the rate is fixed for the first three years. After the fixed period ends, the rate may increase or decrease annually for the remaining term of the loan (27 years in this example).

First national mortgage financing: transparency

The First National website includes information on mortgage types (including some of their qualification requirements) and a few home buying calculators, but it does not advertise quotes or list mortgage fees. lenders.

So, to get more information, you will need to call the lender or fill out an online contact form to schedule a phone call. A loan officer will follow up quickly and can answer your questions, send you a personalized quote, create a pre-approval or process your loan application, depending on where you are in the loan process.

Borrowers can submit an application online, by phone, or in person at a branch in Denver, CO. If you advance in the application process, you will be able to upload documents to a personal portal and check the status of your loan there.

First national financing: mortgage rates and fees

First National Financing does not advertise mortgage rates or list lender fees on its website. So you will need to fill out an online form to request a quote or call the lender. A loan officer will contact you and provide you with a personalized quote and fee schedule with no credit call. This is important because you will be able to tell if you want to go ahead with the lender without harming your credit.

When you later get pre-approved for a loan or apply for a mortgage, the lender will make a hard credit withdrawal, which will affect your credit. You will also receive a more detailed list of the fees you will pay at closing, which may include the following:

  • Assessment fees
  • Closure / Escrow Fees
  • Costs associated with the title
  • Credit file fees
  • Discount points (optional)
  • Flood certification fee
  • Processing fee
  • Registration fees
  • Tax service charge
  • Subscription fees
  • Transfer fees

First National does not impose any prepayment penalties on any of its loans, so you can prepay your mortgage without incurring additional charges.

The minimum credit score and down payment required by First National vary depending on the type of loan and whether you have recently purchased a home. According to a loan officer we spoke with, borrowers need a credit score of at least 640 and a minimum down payment of 3% (for first-time buyers) or 5% (for buyers). regular) to qualify for a conventional loan.

FHA, VA, and USDA loans are more flexible because they are backed by the government. FHA loans require a score of at least 580 with a minimum down payment of 3.5%. You’ll need a credit score of at least 620 to qualify for a VA loan and 640 to get a USDA loan, but neither requires a down payment. Jumbo loans have more stringent requirements because you are borrowing more money. At First National, borrowers typically need a credit score of around 740 and a down payment of at least 10% to get a loan that exceeds compliant limits.

You can lock in your interest rate for free for up to 60 days and pay a fee to extend the rate lock. But you might not need this option as the lender says they may be able to complete purchase loans within 10-12 business days.

Refinancing With First National Funding

Refinancing a home loan might help save you money if you qualify for a lower interest rate, or you might be able to borrow money using your home equity as guarantee. The First National website has a calculator to help you determine how much you could save with a refinance, but you will need to contact the lender for a refinance rate quote.

First National offers several refinancing options:

First domestic financing compared to other mortgage lenders

First national funding Sad American Bank
Minimum credit score 580 for the FHA; 620 for the AV; 640 for conventional and USDA; 740 for jumbo Not provided 620 for conventional; 740 for jumbo
Minimum deposit 0% for VA and USDA; 3% to 5% for conventional; 3.5% for FHA 3% for conventional; 3.5% for FHA; 0% for VA and USDA 5% for conventional, 10% for jumbo, 3.5% for FHA, 0% for VA
Where does the lender operate? 6 states (California, Colorado, Florida, Georgia, Nebraska, Washington) 47 states and Washington, DC All 50 states and Washington, DC
Main types of loans Conventional, jumbo, VA, FHA, USDA, variable rate, fixed rate, several refinancing options Conventional, Jumbo, VA, FHA, USDA, Construction Loans, Variable Rate, Fixed Rate, Multiple Refinance Programs, Home Equity Loans, Home Equity Lines of Credit Conventional, Jumbo, VA, FHA, Floating Rate, Fixed Rate, Investing, New Construction, Traditional Refinancing, Withdrawal Refinancing, Smart Refinancing, Home Equity

How To Shop For The Best Mortgage Rate

Before shopping for homes with a real estate agent, it’s a good idea to contact a lender and apply for mortgage pre-approval. After you submit a few documents and agree to a firm credit application, a lender can determine if you qualify for a home loan and how much you can borrow. They’ll record this estimate in a pre-approval letter, which you can use to set your budget and substantiate your offer to purchase. You are not tied to this lender, so you can consult with others when you are ready to apply for a home loan.

Once you’ve found a home and the seller accepts your offer, submit mortgage applications to multiple lenders. (You can minimize the impact on your credit by applying for the loans in a short period of time, around two to six weeks.) You will receive a loan estimate that lists your interest rate, monthly payment, and closing costs. , which you can use to compare offers. An online mortgage calculator can help you determine how much you would spend in interest with each option.

According to research from the Bureau of Consumer Financial Protection, the simple step of comparing offers can help you save up to $ 300 per year. You can save even more depending on the interest rate you receive and whether you negotiate.

Editorial independence

As with all of our mortgage lender reviews, our analysis is not influenced by any partnerships or advertising relationships. For more information on our rating methodology, Click here.


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MPC Container Ships ASA Secures New Financing Facility, Accepts Sale of Six Vessels, Provides Charter Update https://themekiller.me/mpc-container-ships-asa-secures-new-financing-facility-accepts-sale-of-six-vessels-provides-charter-update/ Wed, 20 Oct 2021 05:48:00 +0000 https://themekiller.me/mpc-container-ships-asa-secures-new-financing-facility-accepts-sale-of-six-vessels-provides-charter-update/ Posted: October 20, 2021 at 1:48 am EDT|Update: 3 hours ago Oslo, Norway, 20 October 2021 / PRNewswire / – MPC Container Ships ASA (“MPCC” or the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce the following measures which will increase the flexibility of the Company’s balance sheet in order to […]]]>

Posted: October 20, 2021 at 1:48 am EDT|Update: 3 hours ago

Oslo, Norway, 20 October 2021 / PRNewswire / – MPC Container Ships ASA (“MPCC” or the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce the following measures which will increase the flexibility of the Company’s balance sheet in order to execute the Group’s plan to start returning capital to investors. These changes are in line with the Company’s forecasts in previous quarters:

  • New bank facility of $ 180 million with HCOB at LIBOR + 335 bps
  • Over 30 unencumbered vessels after closure
  • Sale of six vessels between 1,000 and 1,500 TEUs agreed in total $ 135 million
  • Seven additional multi-year charter agreements concluded in a historically strong charter market
  • EBITDA book of July 1, 2021 currently above $ 700 million

New credit facility

The Company has agreed to a $ 180 million five-year senior secured credit facility (the “Facility”) with Hamburg Commercial Bank (“HCOB”) on attractive terms. The installation consists of a $ 130 million term loan and a revolving credit facility of $ 50 million.

Constantin Baack, CEO of MPC Container Ships ASA commented: “We have implemented various measures in order to become a low leverage, high dividend stock. The new financing with HCOB is another important step in optimizing the balance sheet structure, reducing our debt costs and extending debt maturities until 2026. In addition, it creates great flexibility and option based on more than 30 unencumbered vessels following refinancing. We appreciate the agility, professionalism and support of HCOB in organizing the facility, which places MPCC in a position to achieve business goals. “

Sale of ships

In order to optimize the composition of the fleet and take advantage of historically high container ship asset prices, the Group has undertaken to sell six smaller vessels with an average size of 1,200 TEUs for a total of $ 135 million, which implies a significant premium compared to the current price of the MPCC share. MPCC’s total fleet will consist of 68 vessels once the six vessels have been handed over to their new owners.

During the fourth quarter of 2021, the Company intends to use the Facility, together with a portion of the proceeds from the agreed vessel sales to refinance the existing acquisition financing of DNB, as well as the outstanding amount. $ 204 million bond financing. As a result, the previous acquisition financing with DNB and the outstanding senior covered bonds will be repaid in full and a significant number of vessels owned by the Company will subsequently be released.

Well placed to return capital to shareholders

“Following our prudent and rational capital allocation strategy, these measures are important steps for MPCC to move from a growth phase to a very strong value proposition of significant cash generation, good visibility of profits with a strong dividend capacity and a low risk profile. very happy that the Company is now well positioned to return capital to its shareholders ”, CEO Constantin Baack added.

Following the August 19 second quarter report, the company has fixed seven additional vessels with long periods and attractive rates. The EBITDA backlog subsequently increased to exceed $ 700 million, demonstrating a still strong charter market.

Once executed, the Group’s new financing structure will allow great flexibility in the allocation of capital and a solid basis for the implementation of a sustainable dividend policy. Following the sequencing of the redemption and the successful handing over of the vessels sold in the fourth quarter of 2021, the Company plans to enter a new era of return of capital to shareholders from the first quarter of 2022 by distributing up to 75% of the net profit under form of dividends and / or shares. redemptions.

Important Notice

This press release does not constitute a notice of voluntary early redemption of the outstanding bonds, which will be issued in accordance with the terms of the outstanding bonds.

For more details on the Installation, vessel sales and for an operational update on the Company, please refer to the attached presentation. A call to investors will be organized on Wednesday October 20 at 10:00 am CEST. Please see below for call details. The Facility is subject to customary documentation conditions and is expected to be completed by the end of October 2021.

This information is considered inside information in accordance with the EU Market Abuse Regulation and is subject to disclosure requirements in accordance with Section 5-12 of the Norwegian Securities Act.

This stock market announcement was published by Andréas Nguyen, Investor Relations at MPC Container Ships ASA, on 20 October 2021 To 7:00 a.m. CEST.

Call for investors and webcast:

The Company will host a webcast for the investor call starting Wednesday 20 October 2021 at 10:00 a.m. CEST. The presentation will be available on the Company’s webpage (https://www.mpc-container.com/investors-and-media/press-releases/). There will be a question-and-answer session after the presentation.

The event is broadcast. It is recommended to listen through your computer speakers. Please note that for best viewing it is recommended that you do not use a VPN, but rather connect directly to the internet. Please disable pop-up blockers in order to view the entire content.

The live webcast can be accessed via the following link:

Participants can also log in to the winnings call using the login details below:

Norwegian local phone number (Oslo): +47 23 96 02 64

Local call in the United States (new York): +1 (631) 510-7495

International telephone number / paying participant: +44 (0) 2071 928000

Conference number: 2055597

Further information and contact:

For more information, please contact ir@mpc-container.com.

About MPC Container Ships ASA:

MPC Container Ships ASA (ticker code “MPCC”) is a leading supplier of container tonnage with a focus on the under 5,000 TEU refueling segment. Its main activity is to own and operate a portfolio of container ships serving intra-regional trade routes on fixed rate charters. The Company is registered and has its registered office at Oslo, Norway. For more information, please see our website: www.mpc-container.com.

Forward-looking statements:

This announcement includes forward-looking statements. Such statements are generally not historical in nature and specifically include statements about plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made on the basis of management’s current plans, expectations, assumptions and beliefs regarding future events affecting the Company and therefore involve a number of risks, uncertainties and assumptions that could result in that actual results differ materially from those expressed or implied in forward-looking statements. statements, which speak only as of the date of this press release. Therefore, no forward-looking statement can be guaranteed. When reviewing these forward-looking statements, you should keep in mind the risks described from time to time in the regulatory documents and periodic reports of the Company. The Company assumes no obligation to update forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unforeseen events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. In addition, the Company cannot assess the impact of each of these factors on its business or the extent to which one factor, or a combination of factors, may cause actual results to differ materially from those contained in a forward-looking statement.

This information was brought to you by Cision http://news.cision.com

The following files are available for download:

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SOURCE MPC Container ship ASA

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.


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Capital Southwest Announces Second Quarter 2022 Results Release and Conference Call Schedule https://themekiller.me/capital-southwest-announces-second-quarter-2022-results-release-and-conference-call-schedule/ Mon, 18 Oct 2021 20:01:00 +0000 https://themekiller.me/capital-southwest-announces-second-quarter-2022-results-release-and-conference-call-schedule/ Call scheduled for 11 a.m. EST on Tuesday, November 2, 2021 DALLAS, Oct. 18, 2021 (GLOBE NEWSWIRE) – Capital Southwest Corporation (“Capital Southwest” or the “Company”; Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of mid-market companies, today announced that it will release […]]]>

Call scheduled for 11 a.m. EST on Tuesday, November 2, 2021

DALLAS, Oct. 18, 2021 (GLOBE NEWSWIRE) – Capital Southwest Corporation (“Capital Southwest” or the “Company”; Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of mid-market companies, today announced that it will release its second quarter 2022 results on Monday, November 1, 2021 after market close. In conjunction with the release, Capital Southwest has scheduled a conference call that will be broadcast live by phone and internet on Tuesday, November 2, 2021 at 11:00 a.m. Eastern Time. Investors can participate either by telephone or by audio webcast.

By telephone:

Dial (866) -502-8274 and provide the operator with Conference ID 7789087 at least 10 minutes before the call. A replay of the conference call will be available shortly thereafter, through November 9, 2021, by dialing (855) -859-2056 and entering conference ID 7789087.

By webcast:

Connect to the webcast using the Investor Relations section of the Capital Southwest website at www.capitalsouthwest.com, or using https://edge.media-server.com/mmc/p/4mokwr6i. Please log in at least 10 minutes in advance to register and download any necessary software. A replay of the conference call will be available on the Capital Southwest website shortly after the call.

About the southwest capital

Capital Southwest Corporation (Nasdaq: CSWC) is an internally managed business development company based in Dallas, Texas with approximately $ 799 million in investments at fair value as of June 30, 2021. Capital Southwest is a loan company of the middle market focused on acquisition support. and the growth of mid-market companies with investments of $ 5 to $ 25 million across the entire capital structure, including first-tier, second-lien and non-controlling interests co-investments. As a public company with permanent capital, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time.

Forward-looking statements

This press release contains historical information and forward-looking statements regarding the business of Capital Southwest, including, but not limited to, the statement on the future performance and financial condition of Capital Southwest. Forward-looking statements are statements which are not historical statements and can often be identified by words such as “will”, “believe”, “expect”, and similar expressions and variations or negatives of these words. . These statements are based on the current expectations, assumptions and beliefs of management. They are not guarantees of future results and are subject to numerous risks, uncertainties and assumptions which could cause actual results to differ materially from those expressed in any forward-looking statement. These risks include risks related to: changes in the markets in which Capital Southwest invests; changes in financial, capital and loan markets; regulatory changes; tax treatment and general economic and business conditions; and the uncertainties associated with the impact of the COVID-19 pandemic, including its impact on global and US capital markets and the global and US economy, the duration and duration of the COVID-19 epidemic in United States as well as the world and the magnitude of the economic impact of this epidemic; the effect of the COVID-19 pandemic on our business outlook and the operational and financial performance of our portfolio companies, including our ability and ability to meet their respective objectives, and the effects of disruption caused by the COVID pandemic -19 on our ability to continue to effectively run our business.

Readers should not place undue reliance on forward-looking statements and are encouraged to consult Capital Southwest’s Annual Report on Form 10-K for the year ended March 31, 2021 and subsequent filings, including the “Risk Factors” sections. contained therein, with the Securities and Exchange Commission for a more complete discussion of the risks and other factors that could affect forward-looking statements. Except as required by federal securities laws, Capital Southwest assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events, changing circumstances or for any other reason after the date of this Release.

Investor Relations Contact:
Michael S. Sarner, Chief Financial Officer
214-884-3829


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Buy a “free” iPhone 13 with trade-in: all you need to know about offers from Verizon, T-Mobile and AT&T https://themekiller.me/buy-a-free-iphone-13-with-trade-in-all-you-need-to-know-about-offers-from-verizon-t-mobile-and-att/ Sun, 17 Oct 2021 20:00:00 +0000 https://themekiller.me/buy-a-free-iphone-13-with-trade-in-all-you-need-to-know-about-offers-from-verizon-t-mobile-and-att/ The IPhone 13 lineup arrived last month and, as usual, carriers have deployed take-back agreements to inspire people to upgrade to the latest and greatest from Apple. (Here are some the best iPhone 13 deals around.) AT&T walked out the door essentially giving the iPhone 13 Pro and iPhone 13 Mini for a starting price […]]]>

The IPhone 13 lineup arrived last month and, as usual, carriers have deployed take-back agreements to inspire people to upgrade to the latest and greatest from Apple. (Here are some the best iPhone 13 deals around.) AT&T walked out the door essentially giving the iPhone 13 Pro and iPhone 13 Mini for a starting price of up to “free” for new and existing customers. Verizon subsequently effectively matched this offer, while AT&T rescinded its agreement to also allow a iPhone 13 (and will also offer $ 1,000 off the iPhone 13 Pro Max with qualifying exchanges, too).

T-Mobile is also offering all three devices free of charge to new and existing customers.

Either way, there are a lot of caveats. It all depends on the phone model you buy, the wireless plan you have, and the financing.

AT&T / Screenshot by CNET

IPhone 13 models are now available (already out of stock, in some cases). To help you avoid having to sift through the fine print, we’ve outlined the main details of the three carriers’ respective trade-in offers.

Note: These offers do not include taxes in their prices, which are often based on the total price of the phone. Some carriers may also charge a one-time activation or upgrade fee (usually around $ 30).

Sarah Tew / CNET

  • Offer only applies to those with unlimited plan and 36 month plan.
  • You must also have a qualifying trade-in that is in good working order. The iPhone 11 and 12 (and XS Max) ranges, as well as recent phones like the Samsung Galaxy S20, S21, Note 20, Google Pixel 5, and LG Wing, are among the phones eligible for the full iPhone 13 discount. Pro. .
  • Others like the iPhone X, XS, and XR, Galaxy S10 line, Pixel 4 line, and OnePlus 8 line are some of the phones that can get the iPhone 13 Mini for free. You can check how much your device is worth at AT&T Exchange Site.
  • As with other carrier offerings, you won’t get the full value up front, with AT&T instead offering the monthly bill credit rebate for the next three years to keep you on its network. If you change operator or cancel the service earlier, you will be responsible for the remaining balance on the phone.

Verizon / Screenshot by CNET

  • Current and new Verizon customers can get an iPhone 13 Pro (128GB only) with a selection of exchanges – damaged phones included – on a “qualified” unlimited plan.
  • Eligible plans include Play More, Do More, and Get More as well as the older Above Unlimited and Beyond Unlimited. Note: The line you are upgrading will need to be on one of these planes.
  • If you port your phone number to Verizon from another provider, you can get up to $ 500 for “helping you switch carriers.”
  • Similar to the AT&T promotion, trade-in credit (up to $ 1,000) is applied in monthly installments over 24 to 30 months. Promotional credits will end if you leave Verizon or change your plan.
  • The exact value will adjust depending on the phone you buy and trade in. For the full $ 1,000 on an iPhone 13 Pro, you need to trade in an iPhone 11 Pro / 11 Pro Max or an iPhone 12 Pro / 12 Pro Max.
  • The list is a bit wider if you want a discount of $ 800 (for a free iPhone 13) or $ 700 (for an iPhone 13 Mini). Phones eligible here include iPhone SE (2nd generation), iPhone X, 11, 12 Mini, or 12. A large number of Android phones are also in this class, including most Galaxy S phones (S9 or version later), Note (Note 10 or later). ), Google Pixel (Pixel 4 or later, including 4A range), OnePlus 7 (or later) and LG and (V50 or later, Velvet 5G UW and Wing 5G UW).
  • If you don’t have a phone to trade in, you can theoretically buy an iPhone SE (2nd generation) or a Samsung Galaxy A42 5G. Both phones are priced at $ 400 and Verizon will give you a trade-in value of up to $ 800 as long as you purchase a new iPhone and meet all of the other requirements listed above.
  • Verizon will take broken phones, including those with broken screens, but they cannot damage the battery. All traded devices will also need to have Find My features disabled.
  • More details are described in the press release here.

Sarah Tew / CNET

  • T-Mobile is giving new and existing users up to $ 1,000 on the iPhone 13 Pro, $ 800 on the iPhone 13, and $ 700 on the iPhone 13 Mini with a qualifying trade-in, but you’ll need to have their best plan. unlimited Magenta Max and buy directly from them.
  • The best older plans from T-Mobile or Sprint are also eligible. For older T-Mobile plans, this includes Magenta Plus or One Plus. For Sprint, this includes Sprint Max, Plus, or Premium Unlimited.
  • The exchange credits will be distributed over a period of 30 months. If you leave T-Mobile before this date, you will lose whatever is left and will have to pay the balance owed over the phone.
  • For the $ 1,000 off, you’ll need to buy an iPhone 13 Pro or Pro Max and trade in an iPhone 11 Pro or 11 Pro Max, or an iPhone 12 Pro or 12 Pro Max.
  • The list is a bit larger for the “up to $ 800 off” list. Eligible phones here include iPhone 12 and 12 Mini, iPhone 11, and iPhone X / XR / XS / XS Max. You can also trade in a variety of Android phones including Galaxy S20 and S21 lines, Note 10 / Note 20 lines, Motorola Razr 5G, and OnePlus 8 5G and 8T 5G.
  • Older devices can get up to $ 400 off a new iPhone. Full details can be found by clicking on Terms and Conditions of Agreement on the T-Mobile website.

It’s also worth noting that T-Mobile has added a new iPhone Magenta Max upgrade program that it calls Forever Upgrade that will guarantee you “up to $ 800” (up to $ 700 for the Mini, or less if you buy an iPhone 12 today) in future trade-in credits.

The catch here: You’ll have to wait two years to trade in the iPhone 13 or iPhone 12 you buy today to get the credits, and you’ll have to be on Magenta Max all the time.

Those with other T-Mobile plans can get up to $ 500 off, but you’ll need to trade in an iPhone 11 Pro or 11 Pro Max, or iPhone 12 Pro or 12 Pro Max to get this discount. Those with older devices can take advantage of an offer of up to $ 400, with full details available by clicking the “About Us with Magenta Max with Commerce” link on T-Mobile’s product pages.

Read more: The best iPhone 13 deals are here: Target, Best Buy, Verizon and more


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Latest Iteration of Downtown Mason City Hotel Plan Hangs From David Rachie | Mason City and Northern Iowa https://themekiller.me/latest-iteration-of-downtown-mason-city-hotel-plan-hangs-from-david-rachie-mason-city-and-northern-iowa/ Sat, 16 Oct 2021 12:00:00 +0000 https://themekiller.me/latest-iteration-of-downtown-mason-city-hotel-plan-hangs-from-david-rachie-mason-city-and-northern-iowa/ If you use Google Gatehouse Capital LLC, the first result you get is a website for a Texas-based company with a history of successful hotel developments in their home state of Florida and California. You might also have thought that Gatehouse Capital LLC is the company behind the hotel and convention center project that has […]]]>

If you use Google Gatehouse Capital LLC, the first result you get is a website for a Texas-based company with a history of successful hotel developments in their home state of Florida and California.

You might also have thought that Gatehouse Capital LLC is the company behind the hotel and convention center project that has been going on in Mason City for over two years.






Mason City Mayor Bill Schickel, right, makes a statement after he and other city officials visited the hotel’s future site in the parking lot of the Southbridge Shopping Center in July 2019. David Rachie is shown in the middle of the picture.


CHRIS ZOELLER, Globe Gazette


Documents reviewed by the Globe Gazette show that the initial development agreement for the then $ 24 million project was between the city and an LLC registered in Iowa in April 2017 called Gatehouse Mason City LLC. The only managing member of Gatehouse Mason City LLC was David Rachie.

At one point, the Texas-based hotel developer was interested in a hotel and convention center project in Mason City, and he listed David Rachie on his website as one of his directors.

But that’s no longer the case, and while it’s not entirely clear when or how those ties were severed, city officials say it won’t affect results – the project is still buzzing with it. David Rachie at the helm.

HISTORY OF THE CAPITAL GATEHOUSE

Gatehouse Capital first approached the city about the development of a hotel and convention center – using Rachie as chief representative – more than four years ago.

People also read …

Ultimately, after several months of dating with Gatehouse Capital which included two successful linkage referendums, the city went with another developer, G8, in early 2018. In October of the same year, the city broke its relationship with G8 when the developer did not meet the deadlines. dictated in his agreement.

In a note to the mayor and city council in November 2018, city administrator Aaron Burnett suggested that the city approve a pre-development agreement with Gatehouse Mason City LLC for the hotel.

After the city terminated its contract with G8 Development in late October, Gatehouse “expressed interest in returning to this project,” Burnett wrote in the note.

Burnett said Gatehouse is the city’s recommendation for the project because it has “knowledge of the project and the partners, their history of completing projects of similar scope, and their ability to get the project up and running quickly”.

“While the City may consider more time-consuming approaches such as a Request for Qualifications or Proposals and potentially have more options, it is unlikely that such proposals would be significantly different in terms of the incentives requested and would certainly involve longer timeframes, ”says Burnett’s note.






Hollywoodland-Mason City / Southbridge

A render of the Hollywoodland-Mason City concept, provided by David Rachie. The new family entertainment center will include a bowling alley, brasserie, go-karts, a kind of golf course, a cinema hall, a pizzeria and a new sports bar.


Jared mcnett



But that wasn’t the Texas-based company Burnett was referring to. He was talking about David Rachie’s LLC, Gatehouse Mason City. In an email responding to The Globe’s questions this week about the Texan company’s exit from the project, he wrote that Rachie “has always been the managing partner with whom the city worked,” and that any relationship the city has interviewed with Gatehouse Capital was indirect. and by Rachie.

CROSSROADS

In a separate note, Rachie wrote to the city in November 2018, he said: “I think this is a really unique opportunity to work together and develop something extremely valuable and changing the world. give for Mason City. ” He signed it as a managing member of Gatehouse Capital, David-Elias Rachie.

At this point, Rachie was still affiliated with the Texan company as a development consultant, which he was until at least September 2019, according to a review of the Gatehouse Capital website principals page by Wayback Machine.

In a phone conversation with The Globe this week, however, Colin McDonald, vice president of development at Gatehouse Capital, said that Rachie had not been affiliated with his company for “some time and that he himself is developing the business. Mason City project “. Follow-up questions to McDonald’s about the timeline remained unanswered.

This is the original June 2019 development agreement that the city signed with David Rachie’s Gatehouse Mason City LLC.


Administrator Burnett referred the Globe’s questions about Gatehouse Mason City LLC’s relationship with Gatehouse Capital to Rachie, again noting that the city worked with Rachie and his LLC, and not Gatehouse Capital, throughout the project.

The development agreement approved by city council in July 2019 lists Gatehouse Mason City LLC as a developer. That changed in April of this year, when city council approved an amended development agreement that changed the LLC’s name from Gatehouse Mason City to MCCCH LLC. This change was also recorded on the Iowa Secretary of State’s website, along with the fact that the new LLC was now registered in Minnesota and not in Iowa. He still lists David Rachie as the sole member / manager and his home in Minneapolis as the company’s address.

NAME CONFUSION

As recently as December 2020, other entities involved in the hotel project called Rachie a representative of Gatehouse Capital, the Texas company.

As Mason City continues to move forward in the process of developing a downtown hotel, a potential business is emerging. But the proposal has yet to go through formal approval.


Email courtesy of Mason City / Hyatt


Rachie has appeared several times with city officials before the Iowa Economic Development Authority Board, which has pledged the city more than $ 9 million for reinvestment in the downtown area, and which the city has promised to s ” get involved in the hotel project once the funding has been obtained. Each time, it was listed as being affiliated with Gatehouse Capital.

In an email sent on Friday, IEDA’s communications team leader Kanan Kappelman said that through IEDA’s weekly communications with the city, he knew that “the developer had changes in the corporate structure None of these changes impact the reinvestment district Our award and contract are with the town of Mason City. Kappelman also noted that the IEDA continues to work with the town despite project delays.

In a letter dated Oct. 11, 2019, to Mayor Bill Schickel, Hyatt’s Director of Development Christina Wells wrote that the hotelier was “excited” by the proposed franchise for a Hyatt Place between his company and “Gatehouse Capital LLC” . Wells ends the letter by writing, “We look forward to building on our strong development experience with Gatehouse Capital and working in tandem with the town of Mason City. “

Gatehouse Capital has completed a Hyatt hotel complex in San Diego, California. However, Rachie’s LLC has no record of a hospitality project completed with the Hyatt flag.

Wells did not return an email requesting comment on this story.

INVESTORS AND FINANCING

The IEDA and Hyatt are not the only ones to have confused the two Gatehouse LLCs. At least two city councilors said this week they were unaware or remembered that Gatehouse Capital was no longer affiliated with the project.

Councilor Tom Thoma said he recalled voting for the name change in the amended development agreement in April.

“I, and others, I guess, trust the staff’s recommendations a lot,” Thoma said in an email. “The name change obviously didn’t raise any red flags or I and others would have dug it. And it doesn’t raise any red flags now since Rachie has always been the main man.”

In August, Rachie said city council funding for the hotel project would be complete by the end of September. This week, Burnett admitted that the city had yet to receive proof of final funding from him, but said he had spoken with investors about the project and they had told him “significant progress” were underway with banks interested in financing the deal.

“I have confidence in the efforts of David and the investor group to secure the debt required to build the hotel and conference center,” Burnett wrote. To date, the identity of Rachie’s investor group has not been disclosed.

On Tuesday, Middletown, Ohio city council will vote on whether to award $ 7.5 million of money from its American Rescue Plan Act to Main Street Community Capital LLC, which has proposed to build a 11-acre, $ 1.3 billion entertainment venue called “Hollywoodland”.

The Main Street Community Capital LLC, with its own website (https://msccap.com/), is registered in Minnesota in the name of David Rachie at his home in Minneapolis, as is MCCCH LLC of Mason City. Trademark applications for Hollywoodland Hotel and Hollywoodland Resorts, filed in July 2020, were filed by another LLC, OZ Hotels and Resorts, with the same address in Minneapolis but this time citing the state of the legal entity as being the Virgin Islands.


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South Africa: Treasury issues updated document on financing a sustainable economy https://themekiller.me/south-africa-treasury-issues-updated-document-on-financing-a-sustainable-economy/ Fri, 15 Oct 2021 09:17:11 +0000 https://themekiller.me/south-africa-treasury-issues-updated-document-on-financing-a-sustainable-economy/ The National Treasury has released an updated version of its document “Financing a Sustainable Economy” as part of efforts to encourage longer-term investments in sustainable economic assets, activities and projects. The technical document was first published in May 2020. In the updated document released on Friday, the Treasury said that while financial institutions previously focused […]]]>

The National Treasury has released an updated version of its document “Financing a Sustainable Economy” as part of efforts to encourage longer-term investments in sustainable economic assets, activities and projects.

The technical document was first published in May 2020.

In the updated document released on Friday, the Treasury said that while financial institutions previously focused only on project return on investment, the focus on sustainable finance also encourages them to be aware of the impact of their investments. environmental investment decisions.

“It is envisioned that this will help reduce pressures on the environment, including supporting the transition to a low-carbon economy by phasing out greenhouse gas emissions and optimizing the use of natural resources.

“The impact of climate change on the global and South African financial sector is potentially significant, if not effectively mitigated,” the Treasury said.

In the document, the Treasury broadly categorized climate-related risks to the financial sector as follows:

Physical risks due to extreme weather conditions – directly affecting the operations or assets of the financial institutions they finance through damage, business disruption or the risk of default;

Transition risks – resulting from disruptive technologies, changing regulations, consumer or market preferences; and

Liability and Disclosure Risks – resulting from loss and damage, rising insurance costs, directors’ liability and disclosure failure.

The comments received broadly support the recommendations and proposed workflow on sustainable finance. The main recommendations include the introduction of a green finance taxonomy; create technical guidelines for disclosure aligned with the Financial Stability Board (FSB) Working Group on Climate Related Financial Disclosures (TCFD) and develop a climate risk baseline scenario for use in industry stress testing financial and financial regulators.

The Treasury said the document also takes into consideration new international developments in climate finance and policy, including the G20 and FSB roadmap for addressing climate-related financial risks.

The updated technical paper has been broadly amended to incorporate substantive issues such as the possibility of a more holistic approach to sustainable finance over time, expanding the document beyond climate risk issues to include the broader sustainability and social issues.

The document has also been modified to integrate the recognition of broader sustainable financing opportunities than those represented by green bonds, by including an expanded list of sustainable financing instruments and by better addressing issues of biodiversity, circular economy , water and environmental risk.