What Property Types Do You Provide Financing For?

Multifamily Retail Office Warehouse Industrial ** Self-Storage** Improved land Mixed-Use Hotels / Motels ** Free standing commercial Agriculture-based Development Non-Owner Occupied (NOO) 1-4 unit*(5 Units Plus) Investment Other types of commercial properties will be considered on a case by case basis.

DLS is a true “asset-based” lender that can close your loan fast. We accept all credit history and we do not require personal financials. Furthermore, we do not require extensive documentation and third party reports. If your commercial property has sufficient equity, we can get you financing

What Do I Need To Apply?

You will need to provide a brief summary of your loan request, complete a short loan application, and provide interior and exterior photos of your property. When DLS is in receipt of this information, we can provide you with a quick lending assessment and preliminary loan terms.

Todd Taylor

800-599-8153

 

Hearst Media Sales Qualify

Qualifying Statements/Questions for On-Line Media

·       Just out of curiosity, what do like most about your current website?

·       What do like least about it?

·       Are you getting decent traffic to it or do you need a lot more?                   

·       ….and social media? Is that generating the new clients you expected?

“Thanks, let me add an internet presence package for you and we’ll get you front of thousands of people looking for your products/services in your area on Google, Facebook, and Bing. Fair enough?”

Qualify Form

https://fs25.formsite.com/DLS1/form19/index.html

 

Todd Taylor

800-599-8153

 

Largo Commercial Real Estate

Achievements

Largo helped facilitate the largest Retail REIT transaction closed in the United States

Largo was selected in the first quarter 2007 by Developers Diversified Realty Corporation (DDR) to help facilitate a $6.2 billion transaction with Inland Retail Real Estate Trust and a joint venture with TIAA-CREF, a deal which is considered to be one of the largest Retail REIT transactions closed to date.  The transaction consisted of over 275 properties located throughout the nation.  Largo was able to streamline the entire transaction and help all parties involved track the flow of information with ease, leading to a successful and timely closing.  This transaction alone provides another dimension to the value Largo adds for its clients.

$95.7 Million in financing for the acquisition of a portfolio of Grocery Anchored Shopping Centers

In the second quarter 2013, Largo closed on this portfolio that was structured as a three year deal with two extension options and an interest-only period.  The properties were leased to strong anchors including Publix, Kroger, Winn Dixie, Wal-Mart, Cub Foods, and Food Lion.  The properties were located throughout the United States and were situated in primary and secondary markets including Minneapolis/St. Paul, Charlotte, Pensacola, Atlanta, Huntsville, AL, and Washington, DC.

$40.2 million in financing for a warehouse/distribution facility in Rochester, New York

In the second quarter 2013, Largo refinanced the existing debt on a 1.755 million square foot warehouse/distribution facility located in Rochester, New York.  The subject property is located within the Kodak Park and was formerly Kodak’s distribution facility.  At the time of the acquisition, the building was nearly vacant and over the past few years the borrower has leased over 1.54 million square feet of space. Largo secured a 10 year fixed rate loan with a 30 year amortization schedule for the sponsor.

 

Largo takes Manhattan – Office location at 50th Street & Lexington Ave

Largo has relationships with 17 correspondent lenders and offers additional lending sources to the NYC marketplace, which will benefit owners and developers of commercial properties providing alternative finance options.  Largo offers long-term, non-recourse financing at a competitive fixed rate for its borrowers through its strong network of correspondent lenders.

$43.35 million for a portfolio of multifamily properties in Upstate New York

In the fourth quarter 2012, Largo refinanced the existing debt on 3 multifamily properties consisting of 892 units within the Buffalo-Niagara MSA and Albany-Troy-Schenectady MSA.  The subject portfolio is 96% leased and is made up of Country Club Manor, Menands Gardens and Woodlake Village.

$39.75 million for a 440,000 SF facility near the Buffalo-Niagara International Airport

In the fourth quarter 2012, Largo arranged the financing for this 440,000 square foot building that is 68% occupied by Calspan Corporation.  Calspan is a technology company with a strong focus in the aerospace and transportation research field.

$30 million in financing for the Thompson Hotel located in Toronto, Ontario in Q3 2011

The Thompson Hotel is located in the heart of downtown Toronto’s Fashion/Entertainment District.  This 102 room, boutique hotel opened in June 2010, with the restaurant tenant, Scarpetta, fully operational by August 2010.  This location serves as the Thompson brands’ first location outside the United States.

$52.5 million in financing for the Hudson Valley Mall located in Kingston, New York

In the fourth quarter 2010, Largo arranged this $52.5 million transaction to refinance the existing debt on the Hudson Valley Mall.  It is a 765,269 square foot enclosed regional mall located in Kingston, New York.  This property is the only primary shopping destination within a 30-mile radius.

Largo experienced the long-awaited groundbreaking ceremony of the $44.6 million Niagara Falls Municipal Complex

In Q1 2008, Largo experienced the long-awaited groundbreaking ceremony of the $44.6 million Niagara Falls Municipal Complex.  Largo along with a local developer structured the financing and development of the new courthouse and police station for the city of Niagara Falls.  The completion of this project will signify the beginning of a positive outlook for the area.

Largo’s success becomes known in the Canadian marketplace

Largo’s international status became known in 2002 with the opening of its Canadian operations.  Since the opening of the Canadian office, Largo has financed over $500 million in commercial mortgages.  Largo Capital Limited provides construction loans, permanent financing, bridge loans, and second mortgages on office, industrial, retail, multifamily, condo, self-storage, and hotel properties across Canada.

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How to sell heavy equipment: five equipment selling methods explained

When it’s time to sell your sell your heavy equipment and trucks, chances are you want two things: you want to sell it quickly, and you want to get the best price possible. That sounds simple enough, but with all the available sales options and the constantly varying needs and demands of businesses, selling equipment can become a complicated and time-consuming undertaking.

So it stands to reason that how you sell equipment and trucks should be given some careful consideration – it can have a big impact on your bottom line when you consider how much time (and therefore money) you can afford to spend on the process. Finding the right potential buyers is just one small piece of the puzzle. You also need to consider everything else involved – marketing, arranging inspections, negotiating, vetting legitimate offers, storage, insurance, and other costs. All those things can add up to big money and hundreds of hours spent on the effort. You need to weigh your potential returns against the potential cost of selling.

Whether you take on the task yourself or hand it off to a third party, there are pros and cons to all the different ways to sell heavy equipment. Here’™s an overview of the most common sales channels used for asset disposal to help you make an informed decision.

Heavy equipment selling at a Ritchie Bros. auction

Unreserved or absolute auctions.

An unreserved auction -“ whether live, online, or both – is a convenient method of disposing of large numbers of items quickly. There are no minimum bids or reserve prices, and every item sells to the highest bidder on auction day. That helps attract the most potential buyers possible from a diverse range of industries and therefore creates the greatest demand for your equipment. Buyers participate in these auctions with the intent of buying equipment they can put to use right away. As a result, they typically bid more aggressively on the items they need which generally leads to higher returns for the seller. Another big advantage of this type of auction is certainty of sale, and no time spent by the seller in negotiations with buyers. And auction companies usually offer different consignment options, depending on the numbers and types of items a seller wants to dispose of.

Pros: auction events create urgency and competition, more potential buyers -“ especially with both on-site and online bidding, high demand, better returns, certainty of sale.

Cons: have to rely on experience, skills, and market reach of the auction company; added services come at a price -“ make sure you are getting value for money; you cannot guarantee the final selling price for the equipment (but ask about contracts that guarantee returns).

Continue reading How to sell heavy equipment: five equipment selling methods explained

Monday Morning Rant – Motivational by Gary Vaynerchuk

What if I told you this was the last Monday morning of your life? Yep: you’re going to die this week. Would you complain about your crap job? That thing you don’t want to do? I doubt it. Instead, I think you would go much higher level thinking; you’d think about all the big things you want to get done. That’s how you should be thinking every Monday!!!!

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Memorial Day

Memorial Day, originally called Decoration Day, is a day of remembrance for those who have died in service of the United States of America. Over two dozen cities and towns claim to be the birthplace of Memorial Day. While Waterloo N.Y. was officially declared the birthplace of Memorial Day by President Lyndon Johnson in May 1966, it’s difficult to prove conclusively the origins of the day.

Regardless of the exact date or location of its origins, one thing is clear – Memorial Day was borne out of the Civil War and a desire to honor our dead. It was officially proclaimed on 5 May 1868 by General John Logan, national commander of the Grand Army of the Republic, in his General Order No. 11. “The 30th of May, 1868, is designated for the purpose of strewing with flowers, or otherwise decorating the graves of comrades who died in defense of their country during the late rebellion, and whose bodies now lie in almost every city, village and hamlet churchyard in the land,” he proclaimed. The date of Decoration Day, as he called it, was chosen because it wasn’t the anniversary of any particular battle.

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Cubes: VIP Tour of Hearst

LocalEdge, a Hearst Media Services Company, is a premier multi-media company leading the transition to web-based advertising for any size business. Our organization has been in business for over 40 years.

Through the development of proprietary technology and partnerships with major search engines, social network sites and other leading tech-focused companies, we offer a full line of digital products that help our customers reach and interact with today’s consumer.

About Hearst

Hearst Corporation (www.hearst.com) is one of the nation’s largest diversified media companies. Its major interests include ownership of 15 daily and 38 weekly newspapers, including the Houston Chronicle, San Francisco Chronicle, San Antonio Express-News and Albany Times Union; more than 200 magazines around the world, including Good Housekeeping, Cosmopolitan and O, The Oprah Magazine; 29 television stations, which reach a combined 18% of U.S. viewers; ownership in leading cable networks, including Lifetime, A&E, History and ESPN; as well as business publishing, including a minority joint venture interest in Fitch Ratings; Internet and marketing services businesses, television production, newspaper features distribution and real estate.

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DLS NEW Programs

Property Types (Investor and Business Occupied): Multifamily, Mixed-Use, Office, Retail, Warehouse, Industrial, Mobile Home Park, Automotive Service, Self Storage, Daycare and Investment Residential.

We lend

$200,000 to $5,000,000+

  • Rates Down to 6.75%
  • To 90% LTV (loan-to-value)
  • Low Credit Minimum
  • Unrestricted Working Capital
  • Monthly Payments
  • Few Restricted Industries
  • MCA Consolidations
  • Business Lines of Credit
  • Nationwide Program
Program Overview ($250,000 – $5,000,000)
  • Rates start at 6.5%, 620+ FICO
  • 3, 5 & 7 yrs. fixed, 20 to 30 yr. ams.
  • No tax returns, financials or 4506T
  • 0 points (par) & broker fee protection
  • Unrestricted cash-out, LTVs up to 80%
  • Existing appraisals considered
  • Work with a direct lender!

Todd Taylor

800-599-8153

www.diversifiedlendingservice.com

We Go Look

WeGoLook utilizes a collaborative workforce of 30,000+ “Lookers” (background checked agents) to complete on-demand inspections and custom taking through mobile technology for individuals and Enterprise Clients. Think of us as the “Uber of Inspections”.

Our customers build personalized report templates which may include photos, video of working demonstrations, picking up/delivering documents, arranging transport for large items, performing low complex tasking and more.

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Section 179 Qualifying Property

Section 179 was designed with businesses in mind. That’s why almost all types of “business equipment” that your company buys or finances qualifies for the Section 179 deduction.

All businesses need equipment on an ongoing basis, be it machinery, computers, software, office furniture, vehicles, or other tangible goods. It’s very likely that your business will purchase many of these goods during the year, and will do so again and again. Section 179 is designed to make purchasing that equipment during this calendar year financially attractive.

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