Remove Debt Remove Insurance Remove Lien Remove Security
article thumbnail

HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.

Finance 120
article thumbnail

4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

Here are some factors you should consider to increase your chances of success with a potential project and your ability to secure a construction bond. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings. GCs can also purchase subcontractor default insurance to reduce this risk.

Risk 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Cash Flow Guide for Architects

Levelset

If the total cost of running the business is $200,000 (including salary, rent, insurance, etc.), Financing activities include stock offerings and long-term debt. Using tools like a mechanics lien to secure payment can help ease the burden. divide $200,000/$50,000 and get a breakeven rate of 2.5. .

article thumbnail

Contractor's Secretary Does Everything Including Bookkeeping!

Contractor Bookkeeping

Some Contractors Hire Part Time Secretaries to do everything including construction bookkeeping and then wonder why their company debts keep growing and crushing them. Sending the Notice to Owner of Intent To Lien to protect my financial interests. Process payroll and include reimbursements, health insurance, loans and garnishments.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. The program ends December 2016.

Income 75
article thumbnail

A Primer on MasterFormat & Improving Construction Project Collaboration

Building Information Management

00 43 13 Bid Security Form. 00 61 16 Lien Bond Form. 00 62 16 Certificate of Insurance Form. Affidavit of Payment of Debts and Claims Form. Affidavit of Release of Liens Form. 00 73 16 Insurance Requirements. 00 73 63 Security Requirements. 00 61 16 Lien Bond Form. 00 61 16 Lien Bond Form.