Wednesday, May 23, 2012

Things To Consider When Refinancing A Commercial Loan ...

Are you looking into a refinance of your current commercial loan agreement? Or has
your bank offered to discount your current mortgage? When thinking of your modification, it's the benefits that you should consider carefully. This is why savvy commercial real estate investors have been turning to Winston Rowe & Associates a no upfront fee company with a reputation for quality underwriting, fast turnaround, and excellent service,

For more information, you can contact Winston Rowe & Associates at 248-246-2243 or visit their website at http://www.winstonrowe.com

Why Consider A Commercial Loan Refinance?

Interest Rate Changes:

You may have heard other lenders and there offering of low interest rates, or your loan could be tied up with a high interest rate. In such cases it might be possible to refinance loan agreements with another lender or even renegotiate your loan terms with your existing lender.

Check out Winston Rowe & Associates free commercial real estate investor resources at: http://www.winstonrowe.com/Free_Real_Estate_Resources.html

Extend The Loan Term:

Increasing the amortization period from 20 to 25 years, can have a significant impact on the repayment amount. Your overall interest payments would be higher, buy your cash flow would be made healthier by reducing your regular payments. In most cases, business that are having problems making payments can be helped by improving capital in this way.

Cash Out:

If you?re lucky and have equity within the business pulling out some cash could free up some spending capital. This can offer at least two major benefits, namely enabling you to invest the capital at a good rate of interest or provide you with a cash sum to enable expansion.

Consolidate Multiple Loans On The Property:

You may have a few loans that can be combined into better terms. Many business owners that refinance commercial loans through combing loans in this way can save a great deal in their monthly repayments, particularly useful in a business that relies in a strong cash flow situation.

In your reasoning for refinancing or modification of the loan, there needs to be benefits to you. Otherwise there is no logic in doing so. This benefit can be related to improved cash flow, tax benefits or expansion through the acquisition of capital assets such as equipment, increased office space or improved manufacturing facilities.
Now let's consider 'How' you are going to refinance your loan:

You can either refinance your loan with your existing lender or with an alternative, like Winston Rowe & Associates. If you cannot refinance your loan you might do a commercial loan modification. Many business owners tend to change their lenders for a better deal: a lower interest rate, longer period, reduced debt amount, or eliminate late payments. A clean loan modification, can and will generate positive results for you as well.

Through Winston Rowe & Associates efficient, end-to-end commercial real estate financing solutions they provide commercial mortgage capital to owners of all commercial property types. With flexibility and speed of execution, they are able to offer a broad range of financing capabilities.

Winston Rowe & Associates
31408 Harper Ave
Suite 147
Saint Clair Shores MI 48082
248-246-2243

Winston Rowe & Associates has no upfront commercial loan programs in the following states.

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Tuesday, May 22, 2012

IAEA chief in Iran to press for nuclear cooperation

The head of the UN nuclear surveillance agency pressed Iran over inspections during a visit to Tehran on Monday that was being closely watched ahead of wider nuclear talks between Iran and world powers later this week.

International Atomic Energy Agency (IAEA) chief Yukiya Amano kicked off his day of meetings with Fereydoon Abbasi Davani, the official in charge of Iran's nuclear energy programme.

After the talks, Abbasi Davani's Iranian Atomic Energy Organisation issued a statement saying that issues were raised "in a frank manner and proposals were made to remove ambiguities and to develop cooperation." It did not elaborate.

Amano made no immediate comment. He was to hold separate discussions with Iran's top nuclear negotiator Saeed Jalili and Foreign Minister Ali Akbar Salehi.

Before leaving on the Iran trip, Amano said he aimed to build on "good progress" made last week between lower-ranking IAEA and Iranian officials in Vienna.

The outcome of his visit was seen as an indicator of Iran's willingness to allay international suspicions of nuclear weapons research.

Those questions were to be raised on Wednesday in Baghdad talks between representatives of Iran and of the five veto-wielding permanent members of the UN Security Council -- Britain, China, France, Russia and the United States -- plus Germany, the so-called P5+1.

The Baghdad talks are to supposed to address some of the major concerns about Iran's nuclear activities and related sanctions imposed by the West and the UN, following an ice-breaking session in Istanbul last month that ended a 15-month hiatus.

The very fact Amano himself was in Tehran on Monday -- on his first trip to Iran since taking the helm of the IAEA -- raised speculation that the Islamic republic could grant the IAEA access to a key military installation, Parchin, outside Tehran, for the first time in seven years.

But Amano, while avoiding giving any details of what he was to discuss, stated on leaving Vienna that "nothing is certain."

While he was conducting the trip in a "positive" mindset, he underlined: "This visit is very short, and I'm not an inspector."

Tehran this year rebuffed repeated requests from IAEA chief inspector Hermann Nackaerts to send a team to verify Western intelligence information suggesting Parchin could have hosted explosives testing for nuclear warheads in a special metal chamber.

Western countries have accused Iran of removing evidence at the site, while Amano has said satellite imagery showed unspecified activity.

Iran says Parchin is not a designated nuclear site and thus it is not obliged to permit IAEA inspections, although it last did so in 2005.

Further, it says, if it did allow inspections there, they would have to be part of an agreed "road map" that would address the IAEA's concerns in a set order.

Salehi, quoted in the Donya-e-Eqtesad newspaper ahead of Amano's visit, said: "The focus of the visit will be on the issue of modality. We hope the two sides can reach an agreement and draw up a new modality to answer (IAEA) questions and clear up ambiguities."

He called the UN diplomat's presence in Tehran "a good omen".

Insisting its nuclear programme is purely civilian, Iran says it already fully cooperates with the agency and has accused the Vienna-based IAEA of being manipulated by Western intelligence services.

Tehran has also repeatedly denounced what it calls the "biased" and "political" actions of Amano when dealing with Iran.

Iran wants to see Western sanctions targeting its vital oil and financial sectors eased. Its officials insist that they are having no effect, despite analysts and traders' information to the contrary.

Those sanctions are programmed to be ratcheted up further in just over a month's time, when US and EU measures aimed at blocking Iran's foreign oil sales come fully into effect.

The United Nations has also imposed its own set of non-economic sanctions on Iran in a series of resolutions that call for the Islamic republic to suspend all uranium enrichment -- something Tehran has repeatedly refused to do.

On Sunday, most Iranian lawmakers issued a joint statement demanding the P5+1 members respect their nation's "rights" -- implying uranium enrichment, among other activities -- and to "change their policy of confrontation".

The spectre of military action against Iran by the United States or its ally Israel -- the sole if undeclared nuclear weapons state in the Middle East -- looms should the nuclear talks fail to make headway.

Russia, which has provided diplomatic cover to Tehran, has warned against the West launching any "hasty" strikes on Iran, saying they could trigger "a fully-fledged regional war".

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NATO touts Afghan war's end as fighting goes on

The NATO leaders gather for a group photo during the NATO Summit in Chicago, Sunday, May 20, 2012. Front row from left are Danish Prime Minister Helle Thorning-Schmidt, Czech Republic President Vaclav Klaus, Croatian Prime Minister Zoran Milanovic, Canadian Prime Minister Stephen Harper, Bulgarian Prime Minister Boyko Borissov, Belgium Prime Minister Elio Di Rupo, Albanian Prime Minister Sali Berisha, President Barack Obama, NATO Secretary General Anders Fogh Rasmussen, British Prime Minister David Cameron, Turkish President Abdullah Gul, Spanish Prime Minister Mariano Rajoy, Slovenian Prime Minister Janez Jansa, Slovakian President Ivan Gasparovic, Romanian President Traian Basescu, and Portugese Prime Minister Pedro Passos Coelho. Back row from left are Estonian President Toomas Hendrik Ilves, French President Francois Hollande, German Chancellor Angela Merkel, Greek Foreign Minister Petros Molyviatis Hungarian Prime Minister Viktor Orban, Iceland Prime Minister Johanna Siguroardottir, Italian Prime Minister Mario Monti, Latvian President Andris Berzins, Lithuanian President Dalia Grybauskaite, Luxembourg Prime Minister Jean-Claude Juncker, Netherlands Prime Minister Mark Rutte, Norwegian Prime Minister Jens Stoltenberg, Polish President Bronislaw Komorowski, and President of the European Council Herman Van Rompuy. (AP Photo/Carolyn Kaster)

The NATO leaders gather for a group photo during the NATO Summit in Chicago, Sunday, May 20, 2012. Front row from left are Danish Prime Minister Helle Thorning-Schmidt, Czech Republic President Vaclav Klaus, Croatian Prime Minister Zoran Milanovic, Canadian Prime Minister Stephen Harper, Bulgarian Prime Minister Boyko Borissov, Belgium Prime Minister Elio Di Rupo, Albanian Prime Minister Sali Berisha, President Barack Obama, NATO Secretary General Anders Fogh Rasmussen, British Prime Minister David Cameron, Turkish President Abdullah Gul, Spanish Prime Minister Mariano Rajoy, Slovenian Prime Minister Janez Jansa, Slovakian President Ivan Gasparovic, Romanian President Traian Basescu, and Portugese Prime Minister Pedro Passos Coelho. Back row from left are Estonian President Toomas Hendrik Ilves, French President Francois Hollande, German Chancellor Angela Merkel, Greek Foreign Minister Petros Molyviatis Hungarian Prime Minister Viktor Orban, Iceland Prime Minister Johanna Siguroardottir, Italian Prime Minister Mario Monti, Latvian President Andris Berzins, Lithuanian President Dalia Grybauskaite, Luxembourg Prime Minister Jean-Claude Juncker, Netherlands Prime Minister Mark Rutte, Norwegian Prime Minister Jens Stoltenberg, Polish President Bronislaw Komorowski, and President of the European Council Herman Van Rompuy. (AP Photo/Carolyn Kaster)

Norway Prime Minister Jens Stoltenberg, center, poses with NATO Secretary General Anders Fogh Rasmussen, left, and President Barack Obama on his arrival at the NATO summit in Chicago, Sunday, May 20, 2012. (AP Photo/Carolyn Kaster)

President Barack Obama, center, talks about American football to European world leaders during the NATO family photo at Soldier Field at the NATO Summit in Chicago, Sunday, May 20, 2012. (AP Photo/Pablo Martinez Monsivais)

From left to right, French President Francois Hollande, President Barack Obama, German Chancellor Angela Merkel and Secretary General Anders Fogh Rasmussen, during the NATO family photo at Soldier Field at the NATO Summit in Chicago, Sunday, May 20, 2012. (AP Photo/Pablo Martinez Monsivais)

(AP) ? As President Barack Obama and fellow NATO leaders herald the coming end of the deeply unpopular Afghanistan war, they face the grim reality of two more years of fighting ahead and more of their troops sure to die in combat.

The many partners in the fighting coalition will gather Monday in Obama's hometown to reassert their commitment to ending the war in 2014 and solidify another milestone for next year, when Afghan forces take the lead in combat missions while NATO assumes a supporting role.

So far in the two-day NATO conference, the leaders have voiced hope that a decade of war in Afghanistan will give way to a decade of transition to peace and stability, aided by the U.S. and its allies.

But hard realities intrude.

Some NATO countries, most recently France, have sought to end their combat commitments early. The Taliban and its allies have warned that they are waiting to fill the void in Afghanistan after NATO leaves. And with alliance forces ? the bulk of which are American ? still committed to many more months of fighting, the sacrifices are far from over.

Obama is eager to show election-year leadership on the world stage, and he sought to straddle the line on the war before NATO's formal embrace Monday of a plan to put Afghan forces in control of security next summer and have NATO back them up.

Following a meeting Sunday with Afghan President Hamid Karzai, Obama said NATO's drawdown plans mean that by 2014, "the Afghan war as we understand it is over." But he acknowledged enormous progress must be made for that vision to become a reality.

"We still have a lot of work to do, and there will be great challenges ahead," Obama said after his lengthy talks with Karzai. "The loss of life continues in Afghanistan."

Obama's words were echoed by other top U.S. officials, who sternly warned that American forces and their allies should still expect to be engaged in battle even after Afghans take the lead.

"After this milestone in 2013 there still will be combat capability, combat authority and an expectation there will be combat," said Retired Lt. Gen. Douglas Lute, the top White House national security council official in charge of the war.

Still, NATO leaders have billed the transition to Afghan forces taking the lead as an important benchmark in their plans to wind down the war by the end of 2014. Many of the leaders, Obama chief among them, have a political incentive for trumpeting that drawdown plan, given the growing public frustration with the nearly 11-year-old war.

Sixty six percent of Americans oppose the war, while only 27 percent support the effort, according to an AP-GfK poll released earlier this month.

In France, voters elected President Francois Hollande in part because of a campaign pledge to pull his country's 3,300 troops out of Afghanistan ahead of schedule. Since taking office, Hollande has said he plans to make good on his promise to bring combat troops home by the end of this year, but will maintain French support for Afghanistan in other ways.

The U.S. and NATO will also maintain a sizeable and lengthy commitment to Afghanistan after combat troops come home at the end of 2014.

Obama, in a surprise trip to Afghanistan earlier this month, signed a deal with Karzai detailing much of the U.S. commitment, including annual financing from Congress and support for development, health and education projects. The U.S. may also leave a residual troop presence in Afghanistan, though any such step would require approval from the Afghans.

At the NATO conference, leaders were also discussing how the international community would finance Afghan security forces after 2014. With none of the NATO countries having the stomach to pursue the war much longer, the only viable option is to leave behind an Afghan army and police force capable of defending the country against the Taliban and its allies.

NATO estimates it will cost about $4.1 billion a year to finance the forces. The Afghan government will pay about $500 million of that and the rest will come from donor countries, many of which are struggling with deficits and the specter of recession.

In a statement issued early Monday, NATO directed a review of the need for continued military support after ground forces depart. The alliance said it would "continue to provide strong and long-term political and practical support" to the government of Afghanistan and would "train, advise and assist" the Afghan military.

"This will not be a combat mission," NATO said.

While the Chicago meeting was not billed as a pledging summit, leaders were discussing where the rest of the contributions would come from. About $1.3 billion is expected to come from NATO members other than the United States. About $1 billion of that has already been pledged, a senior Western official said Sunday. The official spoke on condition of anonymity because he wasn't authorized to disclose the figures.

The U.S. and some nations outside the military coalition are expected to make up the $2.3 billion.

The challenge facing Obama and other world leaders will be to convince their own voters that Afghanistan is worth the investment. The war has already claimed the lives of at least 3,000 NATO service members ? more than 1,840 of them American ? and thousands of Afghans.

"I think it speaks to the level of commitment that even in these tough financial times these leaders are willing to make the political commitment to fund the Afghan security forces," Lute said.

Afghanistan's stability after 2014 will also depend on cooperation from Pakistan. While Pakistani President Asif Ali Zardari is attending the NATO summit, Obama has no plans to meet him privately, a signal of the tensions between their two countries.

The U.S. and Pakistan remain at odds over Pakistan's closure of key routes used to send supplies to NATO troops in Afghanistan. Pakistan closed the supply lines in November following a U.S. airstrike that killed two dozen Pakistani soldiers. While both sides have indicated the issue will be resolved, no deal is expected to be reached during the NATO meetings, casting a shadow over the Afghan talks.

Secretary of State Hillary Clinton met Zardari on Sunday to discuss the situation. Deputy National Security Adviser Ben Rhodes said afterward the two sides were "moving in right trajectory."

___

Associated Press writers Ben Feller and Anne Gearan contributed to this report.

Associated Press

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Monday, May 21, 2012

'I ... welcome new love interests,' Solo says

Hope Solo would like to remind men that she?s available, in case any of you have forgotten. And since the goalie for the U.S. women?s team and the Seattle Sounders didn?t specifically mention one gender or the other, what the heck, you gals might as well step up too!

Solo revealed this in a chat with her fans on YourTango.com, saying that her life lacked the proper balance, and what?s missing is a little romance. Form an orderly line, people.

?I can?t be all soccer ? go, go, go, go ? I need a social life. I need a life outside of soccer,? Solo said. ?I very much welcome, you know, new love interests and dating and friends and family. You know, it?s all part of life.?

You may think that Hope is the perfect catch, but not me. I?d be constantly peering out the front window every time I heard the water being turned on, making sure she?s wearing clothes.

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Tractor Repair: Repairing The Steering Wheel | Home Improvement ...

Video Synopsis on Tractor Repair Is Brought To You By: Cherry A.

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How to repair the steering wheel on your tractor.? Hi Vic here from orangetractortalks.com with a tractor repair tech tip that?s been, well, kinda born from the old school rodding days.? Anyone that?s ever restored a vintage vehicle, an antique truck or car, has maybe come across this situation with their steering wheel and it?s something that we can do on our Kubota tractors.

They kinda restored the steering wheel on them as well.? They are made from the same type of material, that being a PVC composite resin material around a wire wheel.? So often, the steering wheel itself gets a little degraded like this one here.? When they start to look like this, you might think that, you know, your alternatives to do something with it might be to maybe wrap in electrical tape or maybe put on a steering cover but really, nothing looks better than just a factory wheel.

Now I can tell you that the steering wheels on your Kubota tractor, well, they?re a little expensive so it?s an advantage to have a little knowledge on tractor repair including replacing wheels.? Depending on the model, they can range anywhere from 125 to as much as 200 dollars ? just for the steering wheel? so if there?s something you can do to cosmetically restore the look and the appearance of it, we?re gonna show you how to do that.? Using a heat torch or a heat gun, like this one here, it?s a regular propane type of torch and with the steering wheel off the tractor obviously, it?s easier to work on.

Applying just the very tip of the torch against the PVC resin material and working it back and forth.? You can actually start to see that the resin will re-melt itself and start to take a black appearance again.? And then if you carefully work your way around the steering wheel of the tractor repair, you can burn down the old discoloration on the old part of the wheel that?s degraded from the sunlight.

Carefully working your way around the wheel, you come back with a good looking, smooth feeling steering wheel and although it takes a little bit of time, you know considering the fact that you can maybe save yourself a couple of a hundred dollars, this is really not a bad way ?to restore the appearance of the steering wheel on your Kubota tractor and it?s something that affects all models.

So, working the wheel a bit, you can get one that kinda looks like this and that definitely looks better than the one we showed you a few minutes ago.? DIY tractor repair saves you a lot of money on your tractor repairs in south jersey.

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Facebook sinks as Nasdaq scrambles to square trades

(Reuters) - Facebook shares sank on Monday in the first day of trading without the full support of the company's underwriters, leaving some investors down 25 percent from where they were Friday afternoon.

Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing but does little for Facebook, whose lead underwriter Morgan Stanley had to step in and defend the $38 offering price on the open market.

Without that same level of defense, its shares fell $4.50 to $33.73 in the first 1-1/2 hours of trading. That represented a decline of 11.8 percent from Friday's close and 25 percent from the intra-day high of $45 a share.

"At the moment it's not living up to the hype," Frank Lesh, a futures analyst and broker at FuturePath Trading LLC in Chicago said, adding that some people may have decided to hang back and buy the stock on the declines.

"Look at the valuation on it. It might have said 'buy' to a few people, but boy it was awfully rich," he said.

The losses wiped some $19 billion off of the company's market capitalization -- not far from what Chief Executive Mark Zuckerberg was worth personally when the stock debuted.

Volume was again massive, with more than 96 million shares trading hands by 11 a.m. EDT (15OO GMT), making it by far the most active stock on the U.S. market. Nearly 581 million shares were traded on Friday.

"One of the things that we are seeing in Facebook is a lot of emotional trading, in that over the weekend much of the media coverage was negative, and that could be weighing on investors' decisions to get out of the stock," said JJ Kinahan, TD Ameritrade's chief derivatives strategist.

The drop was so steep that circuit breakers kicked in a few minutes after the open to restrict short sales in the stock, according to a notice from Nasdaq.

Shares in other one-time Internet darlings fell in lockstep with Facebook on Monday, with Yelp, LinkedIn and Zynga all lower at mid-morning.

The news was not all bad, though, as the Nasdaq rose 1.2 percent. High-profile tech stocks rose sharply, with Apple up 3.3 percent and Amazon 1.6 percent higher.

As the stock fell, there was a long list of questions -- ranging from whether the underwriters priced the shares too high to how well prepared the Nasdaq was to handle the biggest Internet IPO ever -- and few immediate answers.

"It was just a poorly done deal and it just so happens to be the biggest deal ever for Nasdaq and they pooched it, that's the bottom line here," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.

NASDAQ CHANGES

Nasdaq said Monday morning the changes it was making would prevent a repeat of what happened Friday, when glitches prevented some traders from knowing for hours whether their trades had been completed.

The exchange also said it would implement procedures to accommodate orders that were not properly executed last week, which could ultimately lead to compensation for some investors.

"It doesn't instill confidence for clients. Talk about trying to convince them it isn't a casino," one Midwestern financial adviser told Reuters on Monday.

Separately, a source said Morgan Stanley's brokerage arm still had a "large number" of share orders from Friday that were not confirmed, which it was working to resolve.

A Facebook spokeswoman declined to comment on the share price issue.

But analysts said that after the initial frenzy, investors were quickly becoming cautious about the stock.

"Investors are increasingly aware of the risk embedded in the stock price. There are real concerns about growth and advertisers' frequent lack of certainty how best to use Facebook, along with rising costs and ongoing acquisition risk," said Brian Wieser at Pivotal Research Group, who has a $30 target on the stock.

"At $38, the stock is priced for perfection in a manner that implied that risks were negligible."

(Reporting By Chuck Mikolajczak, Jennifer Saba, David Gaffen, Edward Krudy and John McCrank in New York, Doris Frankel in Chicago and Jennifer Merritt in Orlando, Fla.; Writing by Ben Berkowitz in Boston; Editing by Edward Tobin and Maureen Bavdek)

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Zuckerberg Just Got Married [Facebook]

Mark "IPO" Zuckerberg just dropped a Facebook status update bigger than the NASDAQ bomb: he and longtime girlfriend Priscilla Chan are married, only a day after he became one of the richest men on the planet. He wore a suit! More »


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