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Can a Cannabis Bridge Loan Cover the Gap Between Long-Term Financing?

Canna Business Resources

Financing a purchase or refinancing a loan can be difficult — especially if you don't have adequate credit history. But there are several options available that can make the process easier. One borrowing option is a bridge loan, which can cover the gap between your current financing and the long-term financing you are waiting for. Bridge loans differ from long-term loans in that they have shorter terms and a higher interest rate than long-term loans. They are only a temporary solution until you have obtained the long-term financing you need. This article will help you understand the ins and outs of getting a bridge loan, using it correctly and dealing with lender requirements. What Are Bridge Loans? A bridge loan is a specific type of short-term loan that is used to cover the gap between when you make your purchase or refinance your current mortgage and when you have a long-term financing option in place. This type of financing is often used by small-business owners who want to purchase real estate, equipment or other capital-intensive business needs but lack the necessary funds to do so. Several types of bridge loans are available to help you meet your financing needs while waiting for the long-term financing you are looking for. How Does a Bridge Loan Work? While a traditional mortgage can cover you for up to 30 years, depending on your income and other factors, a bridge loan is used only for a specific amount of time. You can usually apply for one right after you receive approval for your mortgage, and your lender can help you determine which type of bridge loan is right for you. Many types of bridge loans are available, and they vary in the amount you can borrow, interest rate, fees and other conditions. Each type of bridge loan has slightly different eligibility requirements you must meet to be approved. You will also need to provide the lender with certain information about yourself and your business. Your lender will need to know your personal and business credit score and the income and credit history of your business and its owners. It is important that you understand what you are getting into before you agree to the loan terms. Steps to Getting a Bridge Loan If you’re seeking a bridge loan, these are the steps you need to take to make sure you can get one. Step 1. Find a lender Just like when you are applying for a traditional mortgage, the first step in getting a bridge loan is finding a lender that will approve your application. Because bridge loans are less common than standard mortgages, you will have limited options when it comes to lenders. Some of the lenders that may be able to work with you include banks, mortgage brokers and other financial lenders. It is important to shop around and compare your options to find the one that best meets your needs. Step 2. Apply for a loan After you find a lender to work with, you will need to apply for a bridge loan by submitting the application and supporting materials requested by the lender. In most cases, you will be asked to submit the following documents: Completed loan application form Personal financials with assets and liabilities Proof of income and employment history W-2 forms and tax returns Copy of federal ID Credit report and credit score Income and asset information for the owners of the business being financed Most lenders will require at least three years of income tax returns for the applicant as well as proof of ownership for the property being financed. Additionally, most lenders will require you to provide personal financial statements documenting your assets and liabilities as well as your monthly income and expenses. Some lenders may also require an appraisal of the property being financed to determine the value of the property and whether it meets the minimum value requirements for a bridge loan. Step 3. Wait for a decision Once you have submitted the necessary documentation to your lender, it will usually take between one and two weeks for your application to be reviewed, but some lenders have fast financing options that can happen within days. This may not always be the case, however, as some lenders may take longer to provide you with a decision than others. Regardless, getting a decision for a bridge loan is generally always faster than getting approved for a long-term loan. Bridge Loan Example Say you are moving your dispensary to a new and improved brick-and-mortar location, but the property where your store is currently located is not yet for sale, sold or vacant. In this situation, you could take out a bridge loan to finance the purchase of the property until you are ready to sell it. You would use this loan to purchase the property until you are able to sell your current property and repay the bridge loan with the proceeds of the sale. This approach would allow you to take advantage of the low-interest rate associated with bridge loans while still giving you time to sell the property or find another financing option if you are not able to sell the property in a reasonable amount of time Considerations With Bridge Loans Reading a loan agreement carefully to make sure you understand everything before signing it is just as key as a traditional loan. Paying attention to bridge loan terms will help ensure that you do not default on the loan. If you fail to make payments on your loan, the lender will have the option to take the property back or pursue legal action against you to recover the debt. The lender will also have the right to seize your property if you become delinquent on your mortgage payments. To avoid any problems down the road, make sure you fully understand the terms of your loan before you agree to them. Do Costs Outweigh the Benefits? Bridge loans can be 2% of the total cost of the loan, on top of the thousands of dollars it can cost to get the loan and other fees. If you need the loan, but don’t have the cash flow to deal with excessive costs, the costs might outweigh the benefits for you. Can You Repay The Loan? A bridge loan is generally only taken out when you know a longer-term loan is on its way, that way the longer-term loan can pay back the bridge loan. If you can’t pay off your bridge loan you can lose the property or equipment you’re trying to buy. Is a Bridge Loan Right for Your Needs? Aside from bridge loans, plenty of other short-term loan options are available. Bridge loan alternatives include: Blanket loans Personal loans 80-10-10 loans Home equity lines of credit (HELOCs) Bridge Your Financing Gap A bridge loan can get you where you need to get faster, but is a bridge loan the right thing for you? If the terms are correct for your situation, a bridge loan can get you out of a financial bind, but make sure you understand what you’re signing up for to create the perfect plan to get your business in the right place. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Canna Business Resources info@cannabusinessresources.com Company Website https://cannabusinessresources.com/

January 31, 2023 03:58 PM Eastern Standard Time

Cannabis Financing for Retail, Commercial and Industrial Businesses

Canna Business Resources

The growth, sale, and distribution of marijuana is a burgeoning industry, and many business owners are capitalizing on this opportunity. But if you want your business to expand, you’ll need an influx of working capital to help you hire new workers, develop new product lines, or make other investments. Unfortunately, cannabis financing isn’t as easy to come by as other types of business loans. If you’re a cannabis business owner, this guide can help you gain access to the financing you need for your business to flourish. How Do Cannabis Businesses Obtain Financing? The profits of your cannabis business can be reinvested into your company, helping you make adjustments to your business model as you grow. But to make large-scale changes, you’ll need business financing to cover the cost of commercial real estate, inventory, equipment, payroll, or other essential needs. Consider the following best practices to help secure the cannabis loans you need to fund your business. 1. Update Your Business Plan There’s a good chance you created a business plan when you first launched your company. But if you’re seeking new funds for your business, it may be time to revise and update that plan to reflect your new goals. For example, you might update your business plan to include: New product lines Changes in your leadership structure Revisions in your marketing strategy Specific funding needs Most cannabis lenders will want to evaluate your business plan before approving a loan. Having a revised business plan that reflects your future goals can demonstrate your strategy for the future and improve your chances of securing cannabis financing. 2. Find a Lender Who Offers Cannabis Financing Despite the growing acceptance of the cannabis industry, most traditional banks and lending institutions do not offer loans to cannabis business owners. The U.S. Small Business Administration (SBA) does not offer loans to cannabis businesses either. The good news is that you can choose from non-traditional lending options. Most lenders will expect to see your business plan, as well as the financial records of existing businesses. They’ll also perform a thorough credit check to determine your eligibility for financing. Gathering your financial documents together prior to meeting with your lender can streamline the process. Even though cannabis lenders are hard to come by, comparing rates and terms from at least three lenders still makes sense to ensure you get the best possible deal. 3. Make a Plan to Repay the Loan Your business plan should already include some basic revenue projections, but you’ll also need to think about the future to ensure that you’ll be able to repay the loan in addition to any interest. It’s important to borrow only what you need; otherwise, you can find yourself saddled with an unmanageable amount of debt that can inflate your overhead costs and cripple your ability to expand. 4. Consider Alternative Funding Sources Cannabis lenders aren’t the only way to fund your business. As an entrepreneur, you might also consider funding sources such as: Crowdsourcing Social equity lending programs (reserved for disadvantaged entrepreneurs) Credit cards Building partnerships with angel investors These sources vary when it comes to effectiveness, but they might be a good way to supplement the business financing you receive through your lender. Advantages of Financing for Cannabis Businesses Every entrepreneur understands that it takes money to make money. Cannabis financing can provide the working capital you’ll need to maintain and grow your business. Here are just a few of the advantages of pursuing financing for your cannabis business. Fund New Needs Cannabis business owners will regularly be on the lookout for ways to expand their business and pursue new revenue streams. Cannabis loans give you the working capital to accomplish such goals as: Purchasing new inventory Updating existing equipment Obtaining new licenses Developing new vendor partnerships Hiring new employees Focusing on these priorities can help you refine your business strategy and carry your cannabis business into the next phase of its operations. Maintain Your Cash Flow Cash flow refers to the money that moves into — and out of — your business at any given time. A business loan improves your cash flow in the short term, giving you access to the money you’ll need to cover your ongoing expenses, such as payroll and taxes. Expand Your Business How do you plan to grow your business? Business loans can be used to make capital improvements, hire new employees or invest in research and development to take your business to the next level. The funds give you a chance at greater profits and keep your business thriving for years to come. Considerations with Cannabis Financing As a business owner, you’ll have to consider a few factors when you obtain a loan. Here are some of the most important things to keep in mind. Interest Rates Since cannabis loans can’t be obtained from a traditional lender, interest rates may not be as competitive as other lending options. This factor is why it’s important to compare interest rates between multiple lenders to secure the most affordable financing. Loan Types Business financing doesn’t always come in the form of a lump-sum loan. A business line of credit can give you access to funds up to a certain amount, which you can then pay off, much like a consumer credit card. This method can be a way to stay flexible if you’re unsure of your financial needs. Penalties and Fees Most lenders will charge a fee for late payments, but some will charge a fee if you attempt to pay your loan off before the expiration date. Others will charge an origination fee, which can drive up the final cost of the loan. Make sure to ask about these fees before you commit to a lender. Tap into a Growing Industry According to the U.S. Securities and Exchange Commission (SEC), cannabis business owners earned over $12 billion in revenue in 2019, a number expected to increase to $31.1 billion by 2024. Cannabis financing can help you gain traction in this lucrative industry and keep your company growing. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Canna Business Resources info@cannabusinessresources.com Company Website https://cannabusinessresources.com/

January 31, 2023 03:26 PM Eastern Standard Time

Volatus Aerospace Completes Acquisition of Empire Drone in New York

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce that it has finalized the arms-length acquisition of New York based Empire Drone Company LLC. The acquisition, first announced November 28 th, 2022, provides Volatus with expanded distribution for drone technologies in the American Market and a corresponding increase in gross margin performance for all US sales. “The addition of this company adds approximately $2.3M in trailing proforma revenue with an estimated 7% proforma EBITDA,” said Abhinav Singhvi, Chief Financial Officer for Volatus Aerospace. “The ability to support our US sales with domestic inventory and support is also expected to improve general gross margin, inventory turnover, and make our logistics management more efficient.” Under the terms of the agreement, Volatus will purchase 100% of the company for a cash consideration USD$300,000 on Closing; (ii) issuance of 721,538 common shares at a deemed price of CDN$0.65 per common share on closing; and (iii) subject to certain revenue milestones 12 months after closing, issue up to an additional 721,538 common shares at a deemed floor price of CDN$0.65 per common share or 30 days VWAP on first anniversary from closing, whichever is higher. Volatus Aerospace distributes products and services in Canada under the Volatus Aerospace, OmniView Tech, MVT Geo-solutions, Canadian Air National, and Synergy Aviation brands; in the USA under the Volatus Aerospace USA, ConnexiCore, and Empire Drone Brands; in South America under the Volatus Aerospace LATAM brands; and in European Markets under the Volatus Aerospace UK, and iRed Remote Sensing brands. *Non-IFRS measure. Earnings before interest, taxes, depreciation and amortization ("EBITDA") should not be construed as alternatives to comprehensive loss or income determined in accordance with IFRS. EBITDA does not have any standardized meaning under IFRS and, therefore, may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as IFRS net loss excluding interest expense, depreciation and amortization expense. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

January 31, 2023 07:43 AM Eastern Standard Time

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Buildertrend Redefines How Construction Teams Manage Finances with an Expanded Line of Services

Buildertrend

Buildertrend, the leading residential construction management platform, will announce an expansion to its suite of financial services for home builders and remodelers during this year’s International Builders’ Show. The latest solutions – including online payments, expense management, lending and insurance – will drive efficiencies and profits while enabling teams to move forward confidently against industry headwinds like labor shortages and inflation. This announcement and rollout comes just two years after Buildertrend acquired its largest residential software competitor, CoConstruct, and CBUSA, a group purchasing organization for top home builders and suppliers across the United States. Since then, Buildertrend has also acquired Square Takeoff, a system for digital estimating. With the combined resources of these companies working together, Buildertrend has now firmly cemented itself as the one place for home builders and remodelers to better their business by showcasing a breadth and depth of new offerings previously unseen. “From day one, by designing a product that solves our customers’ greatest challenges, we’ve been committed to finding a better way. Now we’re taking it a step further,” said Dan Houghton, CEO and cofounder of Buildertrend. “The landscape of construction is changing, and we needed to change with it – but we couldn’t do it alone. Today, we’re leveraging the power of some of the best businesses industrywide to work together and help builders streamline financial processes to grow their businesses in a way that hasn’t been done before in the residential building market.” Helping construction teams manage finances simply and precisely, this new line of services will include: Buildertrend Payments: Right from the Buildertrend platform, customers can deliver invoices and collect payments from clients, as well as manage bills and send payments to trades. No longer will builders have to chase down checks or guess where the financial health of their business stands. They’ll more quickly receive funds to start their next project while also maintaining strong subcontractor relationships. Insurance: All-inclusive, low-rate coverage options include business insurance – such as general liability, tools/equipment and commercial and auto compensation – as well as builder’s risk insurance. Construction is unpredictable – coverage ensures builders don’t leave their profits to chance. Financing: Whether Buildertrend customers need a quick loan to bridge the gap between one job and the next or they want to offer financing for homeowners, now they have options. Home builders can turn to Buildertrend when they need funding to grow their business or want loan options to win over clients. Buildertrend Wallet: This soon-to-be-released feature is made to fit any-sized construction business with tools for real-time expense and budget tracking. Builders can empower their crew with employee spending cards, automate receipt collection and earn cashback rewards on all purchases. Buildertrend Wallet helps teams take control of their finances and proactively manage company spending in one place. App Marketplace and Open APIs: Another upcoming release for builders to get excited about in 2023 is Buildertrend’s third party app marketplace and associated open APIs. Debuting later in the year, this new functionality makes it possible for the platform to integrate with a larger set of tools and software systems, including more accounting solutions. Additionally, Buildertrend will then be able to easily sync with dozens of other programs including applications within the categories of CRM, analytics and data, email and documentation. “Our aim with these new financial management solutions is to unlock more value for our builders and provide them all the tools they need to confidently manage and grow their businesses,” said Andres Ricaurte, senior vice president of Financial Services. “Reducing costly mistakes. Easily managing incoming and outgoing expenses. Getting enough capital to not just maintain their business – but grow it. This is what our customers have to look forward to.” News of these new financial management solutions will be shared for the first time with customers at the International Builders’ Show in Las Vegas, Jan. 31 – Feb. 2. Buildertrend will offer the ultimate experience for attendees. Their team will be stationed alongside subsidiaries CoConstruct and CBUSA in the West Hall’s nextBUILD space at booth W1844. Each day will include a full schedule of programing LIVE! on the Buildertrend Stage, including exclusive product sneak peeks as well as discussions and happy hours hosted by industry influencers like Matt Risinger and Brad Leavitt. Check out the full action-packed schedule and why the Buildertrend booth is the place to be at IBS here: https://buildertrend.com/ibs-2023/ About Buildertrend Buildertrend is the leading residential construction management platform. Since 2006, we’ve empowered contractors to take control of projects and bring efficiency, organization and seamless communication to every aspect of their business. Builders can stay on top of costs, supplies, staff and more in one convenient place – and take on more projects without adding paperwork and stress. For over 1 million users across 100 countries, Buildertrend has made it easy to run successful projects and deliver a five-star experience to homeowners. To learn more about Buildertrend, visit buildertrend.com and @buildertrend. ### Contact Details Buildertrend Courtney Mattern +1 402-649-2771 courtney.mattern@buildertrend.com Company Website https://buildertrend.com/

January 30, 2023 12:59 PM Central Standard Time

Primary Health Properties seizes "good opportunity" in Ireland

Primary Health Properties PLC

Primary Health Properties PLC (LSE:PHP, OTC:PHPRF) (PHP) founder and CEO Harry Hyman talks to Proactive's Thomas Warner after announcing the acquisition of Irish property management business Axis Technical Services Limited, with an agreement to develop sites in Ireland signed with related company Axis Health Care. The acquisition is part of a wider strategy to expand into the Irish healthcare sector, with Hyman saying that there is a "good opportunity" for the company to "carry on deploying capital prudently and sensibly in Ireland." Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

January 26, 2023 03:00 AM Eastern Standard Time

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UCASU jump-starts its plan of NASDAQ or NYSE up-listing in 2023

UC Asset LP

McapMediawire -- UC Asset LP (OTCQB: UCASU ) management announces that the company has jump-started its plan to up-list to a major exchange, probably NASDAQ or NYSE, after it had put on hold this plan for about six months. “Twelve months ago, we kicked off our campaign for an up-listing, and we had made solid progress toward this goal, before the dramatic change of macro-economy and stock market in general made it undesirable for us to continue the process,” explains Larry Wu, founder of UC Asset. “So we decided to freeze the plan by the end of July, 2022.” "Despite that there are still concerns about macro-economy, as well as about the stock market, we at UC Asset have been doing well, and we have decided not to let macro-economic factors to stop us from pursuing a faster growth,” exclaims Wu. Wu refers to the track record of the company, particularly the growth of its profit. According to its most recent annual report, the company posted net income of $0.13 per share for the year of 2021, which represented 400% growth over its $0.03 per share net income for the year of 2020. Looking forward, the management projects a $0.20 per share gross profit for the year of 2023. Last year, the company distributed a cash dividend of $0.10 per share to its common shareholders. Management has confirmed that it will make more dividend distribution in the future. Wu admits that the company is currently too small to justify an up-listing, as a major exchange listing will be more expensive, and will remarkably increase administration cost. Those extra cost will be difficult for a small company like UC Asset to absorb. “In order to have a meaningful uplisting, we need to increase the size of the company to at least $20 million, preferably over $30 million," says Wu. "Our management team has an established strategy to growth. We have identified deal pipelines with great potential, mostly of cannabis properties, for a potential portfolio expansion of $10 - $ 30 million. We have the right team to manage them. We are confident we are able to achieve the economy scale with additional capital," Wu shares. For this purpose, UC Asset plans to launch a SPO (secondary public offering) to raise $10 – 20 million. Wu indicates that it may also conduct a PIPE (private investment in public equity) raise prior to the SPO to raise $2 – 5 million. “All the fund-raising will not dilute the equity of current shareholders, as our bylaw expressly prohibits the company from issuing any stocks at a price lower than the company’s net equity per share,” asserts Wu. “Particularly, we will NEVER take any investments of toxic manner, such as convertible notes of variable conversion ratios.” "We have been very disciplined in issuing shares," continues Wu. " Our total issued and outstanding shares have actually decreased since our IPO, from over 5.6 million shares to less than 5.5 million shares. And last year we cancelled all our preferred units of a total number of 166,667 shares. In short, the supply of our shares is very limited, and we have adequate room to support our growth plan." About UC Asset LP UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies. For more information about UC Asset, please visit: www.ucasset.com Disclaimer: This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed. For More Information Contact: IR@UCasset.com Contact Details Larry Wu IR@UCasset.com Company Website http://www.ucasset.com/

January 25, 2023 10:59 AM Eastern Standard Time

Westbury® Riviera Aluminum Railing Features Distinctive Styling and is Designed to Last a Lifetime

Digger Specialties, Inc (DSI)

Digger Specialties Inc. (DSI), a leading manufacturer of outdoor living materials, features industry leading Westbury Aluminum Railing systems in a wide selection of styles. Westbury Riviera Series aluminum railing is the perfect choice to complement any deck, porch, or balcony where wood, composite, or PVC deck boards are used and can also be used for interior applications. Westbury Riviera Series aluminum deck railing features a distinctive three rail design that enhances the curb appeal of residential and commercial properties. In addition to offering safety and strength, Westbury Riviera Series aluminum railing is code approved for both residential and commercial railing applications. Westbury Riviera Series aluminum deck railing offers important advantages over other railing systems. Unlike steel railing, aluminum railing will not rust and is much lighter in weight making it easier to handle and install. Wood railing can warp and buckle and needs to be painted or stained. Aluminum railing is more durable than vinyl railing and is easier to maintain. Composite railing systems are more complicated, more expensive, and more challenging to install than Westbury aluminum deck railing. All DSI Westbury aluminum railing systems are backed by a lifetime limited warranty. Westbury Riviera Series aluminum railing is available in an industry leading 12 standard colors with the option to obtain custom colors through special order. Both smooth and textured surfaces can be selected. DSI’s proprietary 10 step powder coating process is the most stringent in the industry and ensures lasting color and surfaces. DSI also offers matching gates for Westbury Riviera Series aluminum railing. Another way to capture the beauty of Westbury aluminum railing is the option of nighttime illumination with Magena Star lighting. Westbury Riviera aluminum railing’s three rail design has six style variations available and features an attractive top rail with 3/4” round or square balusters. Westbury Riviera deck railing sections come in a choice of 36” or 42” heights with railing lengths of 4’, 5’, 6’, 7’ and 8’. An added option for Westbury Riviera aluminum deck railing is a drink rail adapter which allows for a matching deck material to be installed on top of the railing system to accommodate drinks. Over the past decade, products that enhance the outdoor lifestyle have become more popular than ever. Westbury Riviera aluminum railing combines upscale beauty, safety, and durability to homes and commercial properties. To learn more about Westbury Riviera Series aluminum railing please visit DiggerSpecialties.com. DSI is an industry leading manufacturer of aluminum and vinyl railing, aluminum and vinyl fencing, gates, composite, aluminum, and fiberglass architectural columns and outdoor lighting. For information about DSI’s extensive group of products visit diggerspecialties.com Westbury Riviera railing photos Contact Details Digger Specialties, Inc Mary Gearheart/Marketing Manager +1 704-438-7998 mgearheart@diggerspecialties.com Company Website http://diggerspecialties.com/

January 24, 2023 03:26 PM Eastern Standard Time

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Congoleum Flooring, HomeSphere Partner to Offer Exclusive Savings to Homebuilders

HomeSphere

Congoleum, a leading U.S. manufacturer of flooring products, today announced a partnership with HomeSphere, a platform connecting building product manufacturers to 2,700-plus homebuilders who collectively construct more homes than the top five public homebuilders combined. The partnership catalyzes Congoleum’s expansion into new residential construction. The company is well-known and respected in the remodeling market and sees an opportunity to build a similarly loyal customer base among HomeSphere’s regional builders, particularly during a time when flooring supply and cost variability is causing delays and shrinking margins. “We foresee a mutually beneficial relationship,” said Congoleum National Sales Manager Jay Jacobs. “Our team grows our business among the best homebuilder network in the country while offering a strong value proposition to homebuilders facing an uncertain environment.” HomeSphere’s partnerships with well-respected brands like Congoleum give its 2,700-plus single-family and multifamily builders access to an unprecedented catalog of leading-edge materials and technologies. “Congoleum has a long-standing commitment to design, quality and innovation,” said HomeSphere president and CEO Greg Schwarzer. “We are proud to partner with them and bring their products to our platform, saving time and costs for builders and future homeowners.” For more than 135 years, Congoleum has pioneered the industry, with resilient flooring that includes rigid core, luxury vinyl tile and vinyl sheet. Their flooring with realistic wood and stone patterns, such as Carrera marble, is on-trend, highly durable, easy to install, and backed by a warranty. Congoleum is committed to environmental stewardship and is proudly made in the U.S.A. ### About HomeSphere Established in 1999, HomeSphere connects Americaâs local and regional homebuilders to exclusive product incentives through My HomeSphereÂ®, its award-winning rebate management platform. Previously only available to the largest national homebuilders, more than 2,600 single-family and multifamily builders trust My HomeSphereÂ® to grow their returns by quickly capitalizing on product incentives available through HomeSphereâs network of 80+ manufacturers and brands. For more information about HomeSphereâs products and solutions for homebuilders and manufacturers, visit www.homesphere.com. About Congoleum Congoleum has been a trusted leader in the flooring industry for more than 135 years. An unwavering commitment to design, quality and innovation has made Congoleum the brand of choice for generations of homeowners, designers and specifiers. Congoleum has been a pioneering force in the flooring industry and holds several patents that have changed the way the world thinks about resilient flooring. In-register embossing for resilient sheet, the invention of the first groutable resilient tile and the worldâs first PVC-free and digitally printed resilient tile and plank are but a few of the industry-leading technologies that were created by Congoleum. Headquartered in New Jersey, Congoleum is committed to environmental stewardship and is proud to support North American jobs, operating manufacturing plants in Maryland, Pennsylvania and New Jersey. For more information about Congoleum products and solutions, visit www.congoleum.com. Contact Details Tracy Henderson +1 720-989-3530 tracy@centerreachcommunication.com Congoleum Jay Jacobs jjacobs@congoleum.com Company Website https://www.homesphere.com/

January 24, 2023 07:00 AM Mountain Standard Time

My Mom’s 100x Return on Real Estate

Elevate Money

Authored by Harold Hofer, CEO and Co-Founder of Elevate Money. 100x. One hundred times more is what my mom’s house just sold for in comparison to what she paid for it 50 years ago. The house didn’t double or triple in value -- it went up 100x from its original value. To be clear, our home was bought for $32,500 in the late 1960s and we sold it for $3,250,000 just a couple of years ago. Two more zeroes. My family immigrated to the States when I was four years old and we began our life here living in apartments. After seven years of living frugally, our dream of homeownership was finally realized in the form of a 1,500-square-foot, 2-bed, 1-bath home built way back in the 1920s. But it wasn’t the age of the house, dated appliances, or curling wallpaper I remember most - it was the backyard. A patch of green that was our very own! No more playing in an alley or on a busy street where the only green you saw was in the cracks on the sidewalk. This space was ours. As luck would have it, the house was located in Santa Monica on the western edge of Los Angeles. Now no one at the time could have anticipated this, but within a few years, the home prices in our beach town skyrocketed and continued to do so in the decades that followed. Buying a house provided our family with physical security, and in the end, also gave my mom financial security. Needless to say, 100x is an incredible investment return! And though not all places will become the next hip place to live, it does showcase how real estate can potentially appreciate consistently and considerably over time. Now you may think how lucky we got, or that this could never happen again in today’s economy; that there is no way a house or any other piece of real estate could go up in value that much again. But I’m here to show you that this big win isn’t as out of reach as it may seem. Two more zeros, hmmm. I wondered to myself, what annual rate of return would it take to grow anything 100x in 50 years? I went ahead and did the math, and the answer is 9.25% (with monthly compounding) or 9.65% (annual compounding). You can try the Elevate Money dividend calculator and see this for yourself (set the initial investment to $32,500, the dividend yield to 9.25%, and turn on Dividend Reinvestment). Then view the return over 50 years. $3,250,000 Honestly, given that the appreciation on my parent's house was so huge, I would have thought the annualized returns would need to be much higher to capture 100x in 50 years. What’s even more interesting is that this annual return was realized solely from capital appreciation. Real estate ownership typically has two components of investment return: income (rental profits) plus capital appreciation (increase in value). My mom’s house was only the latter, meaning the 100x return was not supplemented by someone renting the house from her. She lived in that house for all 50 years. When you factor in both income and capital appreciation, and when you consider the magnifying effect of mortgage financing, achieving a 9.25% - 9.65% annual return on a real estate investment is really not that crazy. With some research, you can find that the annual inflation rate is around 3.5%¹, and dividends for real estate investments historically have been around 6.5%² within a diversified portfolio. This 10% total annual return makes the 100x return more believable, even with today’s real estate prices being much higher than they were 50 years ago! And while not everyone can afford an entire property at this moment, through crowdfunding you can let your money potentially work for you in this same way. Check us out at Elevate.Money to learn about the real estate potential that is available to you with just a few clicks at a very modest cost. Breaking the barriers to entry and giving you power, one investment at a time, starting with as little as $100. WorldData.info From 1979 to 2020 the average inflation rate was 3.5% per year. Millionacres.com Diversified REIT Annualized Total Return from 1994-2020 is 6.8% Elevate.Money, is an investment platform that enables investors to gain exposure to real estate through fractional ownership and get a share of the potential rental income, starting with as little as $100. Real Estate Investing For All. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Elevate Money support@elevate.money Company Website https://www.elevate.money/

January 20, 2023 09:00 AM Eastern Standard Time

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