In the recent past, the economic climate all over the word has been rough. There are certain factors that indicate that most of the economies are going through recovery, however, the success hasn’t translated to much for most of the borrowers. It is still very difficult for many people to get bank loans and when they do, the interest rates are simply so tough that borrowers get discouraged and stay away. Equities First Holdings is one of the companies that have realized the problem in the market and are taking steps to make sure that things have improved. The company has been allowing customers to use their stocks as collateral for their loans.
The truth about stocks is that they tend to have a loan to value ratio that is higher than that of the conventional loan. This however does not make them any less important than the bank loan. In case for one financial constraint or the other you cannot access your regular bank loans. This is the best alternative. There are lots of fluctuations that occur during the normal three year term of the regular bank loan. When you use stock as collateral, you do not have to suffer as a result, in reality, you will have a simpler time because the market is already working in your favor by being on the downside.
Another hindrance to the spread of these loans as a viable alternative is the fact that not many people understand the difference between the regular stock loan and the margin loan. Margin loans are a little harder to access because of the pre-qualification requirements. Other things needed to access the loans include stating the purpose of the loan among others. The stock loan is great because their interest rates are fixed at between 3 and 4 percent. In case you have any of the stocks trade in the major markets around the world, Equities First Holdings can offer you a loan and use the stock as collateral.
Town Residential, a leading luxury real estate services company is opening a new office branch in the meatpacking locality of Manhattan. The new space is just a stone throw away from the story- high park. This will be the company’s 10th Manhattan office since its entry into the real estate industry in 2010.
Town Residential penned down a 15-year deal for the new office space, which is 7,100 square feet and occupies the whole 2nd floor of 446 W. 14th Street. The new space is also characterized by 16-foot ceilings and a private roof deck overhead the 3-storey building. It epitomizes the creativity of Mr. Andrew Heiberger has showcased in building the Town Residential brand as a brokerage firm for luxury real estate sales.
The new office branch is also meant to attract brokers. According to Mr. Heiberger, the new space features an outdoor space which will allow brokers to work and schedule meetings with clients. Indeed, the effective design of the new space really sets apart Town Residential from other real estate companies. He further added that the new office branch would be home to the boutique brokerage Thomas & Ingram, which specializes in sales transactions in the West Village. What’s more, a smaller office run by Town, which is located at 45 Horatio St. in the West Village will also relocate into the new office space.
The locality where the new space sits has turned into a hub of high-end residential homes as more condo buildings continue to spring up. According to Mr. Heiberger, Town considers the entire West Side as a single continuous string of neighborhoods and the new office space sits right in the center of it all. Due to its prime location, this new office will cater to real estate markets from Hudson Yards all the way down to Tribeca. Only just a few months ago, Town Residential opened its head office on the ground floor of 33 Irving Place almost east of Union Square and another space at 530 LaGuardia in Greenwich Village.
The agreed rental fees to be paid by Town for the new office at 446 W. 14th St. remains sketchy, although lease fees for office spaces in the Manhattan region have shot up to about 90 dollars per square foot. This is because the area has developed into a popular business hub for both retailers and renters.
The owner of the building where the new office space sits is Town’s avid financier, Thor Equities, who owns a large chunk of the retail space in the meatpacking region. According to Mr. Heiberger, the close association with Thor played a key role in Town securing the space amidst competition from other keen tenants. Indeed, that partnership with Thor has been beneficial.
600 years ago, the grand glory years of Italy’s Renaissance were in full bloom. There were many incredible strides in architecture, art, and engineering during the time period. The look of a classic 15th-century “bottega” (workshop) reveals just how innovative things were during the era.
The Harvard Business Review turns back time to give the reader an insight into what these workshops were like. In these hallowed spaces, artists were taught the skills of their trade. Many brilliant artists cultivated their talent in such places.
All manner of artists were welcome to hone their skills inside of these workshops. Painters, sculptors, and more were welcome. They studied under the tutelage of a wise master. The master was wise in the sense he did not impose any hard rules of sense of style on the students.
Within the loose confines of the workshop, three basic approaches to the learning process were employed. The learning endeavor mixed turning ideas into action, fostering dialogue, and facilitating the convergence of art and science. Clearly, the goal here was not to force the artists to create material without thought or aspiration. Doing so would not really lead to the creation of art.
The fusion between art and science was common in these learning circles. Interestingly, this commonly occurs today in many industries. The tech world, in particular, is home to many science-oriented artists. There are art-oriented scientists as well. Regardless of who is working and learning in a particular environment, the way the rules and culture of the environment factor into its productivity.
Workville of New York City (http://workvillenyc.com/) draws upon some of those classic concept from the “old days”. Workville is in the business of facilitating co-working space/shared office space in the busiest city in the world. Create wonderful work environments with this outstanding service and tap into the brilliance of those who inhabit the space. Workville just might be the way to bring back the Italian Renaissance and situate the era in the heart of NYC.