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Ilke Homes files administration notice

Construction Enquirer

Modular house builder ilke Homes has filed a notice of intention to appoint an administrator as a deadline to save the cash-strapped business approaches. The Enquirer understands that ilke is being offered to potential buyers for bids over £1 with a number of major house builders approached over a possible deal.

Equity 107
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Increasing Home Values Lift 1 Million Homes from 'Underwater' Status

Pro Builder

Home value increases have taken more than 1 million homes out of an “underwater” status, meaning the loans secured by the property were 25% higher than the home’s market value. On the flip side, “equity-rich” homes that have a value at least double the loan balance, increased by 4.2 Housing Policy + Finance. cbroderick.

Equity 52
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What You Should Know Before Taking a Construction Loan

Construction Marketing

Construction only : This type of loan covers house building costs only and requires for the loan to be repaid in full within a year after the project’s completion or refinanced into a mortgage. The construction loan approval process is usually very rigorous, since the loan isn’t secured and doesn’t involve collateral.

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Gen Z May Surpass Millennials in the Homeownership Race—Here’s Why

Pro Builder

Because of their negative experiences, millennials questioned if they needed to own a home, avoiding taking on debt and making equity investments, Ben-Shabat said. Housing Markets. While 87% of Gen Z answered that they would like to own a home in the future, just 63% of millennials had the same aspiration. Demographics.

Debt 59
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U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

The movement into secondary markets is underpinned by the anticipated increase in both debt and equity capital during 2014. Housing, non-residential construction, and a revival in exploration industries could be the key economic drivers. real estate advisory practice leader, PwC.

ULI 83
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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Assets - Liabilities) = Equity. -. Chart of Accounts Bad Debts. Chart of Accounts Bad Debts. Chart of Accounts Spec House Construction Loans. Chart of Accounts Special Accounts Flipper Houses. Security Deposits Tracking.

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Margaret Whelan on How Capital Is Fueling Innovation

Pro Builder

After failing to secure capital with another advisor, he convinced Whelan to take him on as a client, and she brokered a $45-million deal with Louisiana-Pacific to buy half of the off-site construction manufacturer before it had recorded any revenue. One of those companies was fellow Ireland native Gerry McCaughey’s Entekra.