text: Since commercial real estate is often backed by a CMBS that investors use to ensure that they obtain interest on the loan, the primary concern about prepayment on a commercial mortgage is the loss of stable income. The original loan has a fixed interest rate. Investors expect that fixed rate of return on their investments, so they are not happy with the idea of prepayment on the loan. While a prepayment may have fees associated with the decision, it also throws off the lender’s long-term plans.
  Defeasance replaces the interest with government-backed treasury bonds. As a result, the lender is able to continue making the same rate of return on the loan. That allows the lender to maintain their long-term goals for the duration of the mortgage. Furthermore, it offers a greater level of security for the lender. Since government bonds offer guaranteed income at a set rate, the lender does not need to worry about fluctuations in the real estate market.
  Although commercial loan defeasance benefits the lender, it also has positive benefits for the borrower. As a borrower, you are able to avoid prepayment penalties on your commercial mortgage. Since you replace the original contract with a new option that uses treasury bonds, the lender does not charge prepayment fees on your loan.
  The secondary benefit of defeasance for the borrower is the greater level of flexibility. By repaying the loan through treasury bonds, you are able to sell the property without the lien. The new buyer is getting the property without a lien, so you are able to make a greater profit on your commercial property.
  You also gain greater flexibility if you plan to refinance your loan. Defeasance allows you to take out equity loans or refinance a loan on the property without the complications of the original loan amount. You may get a lower interest rate on a new loan or you may be able to take out an equity loan on the property to make positive changes to the building. For example, it allows you to take out a loan on the equity to pay for repairs, renovations, or other projects that may arise.
  Although Defeasance is regarded as the most punitive prepayment option, it may present a less expensive method than yield maintenance if rates are close or higher than the debt coupon.
  Commercial mortgage defeasance is a challenging process, and you may decide to work with a professional to start the process. Professionals may range from lawyers and accountants to specialized defeasance consultants. The goal is to set up a defeasance contract that benefits the borrower and the lender.
  The primary reason to consider working with a professional is the variation in loan agreements. Each lender sets different terms, conditions, and standards when it comes to defeasance. You can usually find the details in your original mortgage documents and agreement. The contract will detail your options as it relates to the securities a lender will accept, appointing a successor, and even starting the process of defeasance. You may need to work with experienced professionals to navigate the process and ensure that you follow through with any legal standards that may apply to your situation.
  Lenders may allow you to use agency bonds or other types of bonds rather than treasury bonds in some situations. You should also be aware that your original contract may have strict standards that apply to the process of defeasance. Make sure you understand the details of your contract to follow through with the new contract and always consult a professional.
  
  Senior Care Kashmere Gardens, Houston, TX - Health Care - Senior Care Houston - http://www.assistinghandshouston.com Assisting Hands Home Care® grew out of a desire to provide seniors, and others needing non-medical assistance at home, with the option that most people prefer – to remain independent, safe and comfortable in their own homes. Assisting Hands® is a home care franchise company that emphasizes exceptional customer service and highly personalized in-home care to meet the needs of our clients. The founder of Assisting Hands Home Care® is Dr. Gail Silverstein, who has more than 25 years of experience coordinating and leading health care programs in both the public and private sector. It was Gail’s understanding of the health care industry, along with the personal experience of trying to find assistance for her father at home, that led her to realize there was a serious gap in services. Out of this need, Assisting Hands® was launched – to provide a better alternative for the elderly, disabled and others needing a little extra support and assistance to stay home! OUR CORE PURPOSE To provide exceptional home care that enriches the lives of our clients and provides peace of mind for their families. OUR MISSION STATEMENT To offer our clients personalized non-medical support services in their homes, assisting the elderly, disabled and others needing assistance to maintain quality of life. Our services support the individual’s choices and preferences in order to maintain their dignity and independence. We assist clients in a spirit of concern for their welfare, gaining satisfaction and a sense or pride for the value that we add to their lives.
  
  TROVE TOURISM DEVELOPMENT ADVISORS LLC is an entity registered at NASSAU county with company number 5926342. TROVE TOURISM DEVELOPMENT ADVISORS LLC located at the address 400 Oakridge Lane Albertson, New York, 11507. Company is incorporated on January 26, 2021. Current status of the company is active.
  
  CompareCarRentals.co.uk Taunton is an independent car hire comparison site. Our system compares prices from well-known car hire companies. As a customer, you can always book your hire car through us at a competitive rate.
  
  Living the lush lotion life. Part of why Mad Alchemy is so good is that the alchemists have a passion for embrocation. They don't only use it when it's cold and grey, but when it's warm and sunny. As such, they've minted a non-warming Warm Weather Summer Embrocation.
  Yes, it's an embrocation for days when you don't need a base layer. Part protection, part inspiration, part ritual, it has the body and shine of their hot rubs, but with crisp, summery scents that are appropriate when you're pulling out the summer jerseys and donning sunscreen. They tell us "there's an embrocation for every day and every climate," and the non-warming cream covers the days when you're thinking more about sweating than staying warm.
  The main ingredients are the same as they use for the rest of the line: grapeseed and rapeseed oils, beeswax, and shea butter. Added to that are spearmint and eucalyptus essential oils. The former is slightly cooling to the nostrils, and the latter helps keeps bugs at bay.
  I've always wanted to try embro but never could because I live in hawaii. I was thrilled when I learned of this product. Gives your calves a good shine. Not crazy cooling like eurostyle chamois cream but it's definitley there. Great as a pre ride muscle rub and helped loosen up my stiff old man knees. I will say that this has beeswax in it and the first time I wore it ai got stung by a bee. I haven't been stung in almost ten years. Coincidence? Whatever. Still love it!
  This is great in summer. What you get is very slight cooling effect, super euro sheen on the legs, minimal color and mild pleasant smell. Takes a second wash in shower like most embrocations.
  
  This breezy, open outdoor space by Harrison’s Landscaping will really let the sunshine into your life.
  When Josh Harrison of Harrison’s Landscaping was asked to redesign this backyard on Sydney’s Northern Beaches, the design needed to be versatile and make the best use of the limited space available. The family were looking for an outdoor area with separate lounging and dining spaces that connected the cabana at the rear of the yard to the home. The area had to work as both a relaxing spot to sit and read the Sunday paper and a welcoming, open space for entertaining family and friends.
  “The existing site was a slightly sloping turf area between the rear cabana and the home,” says Josh. “The two large trees were pre-existing but apart from that, it was a blank canvas.” The cabana at the back of the property has a two-car garage underneath, so the design needed to factor in easy access from the garage to the home.
  The style of the outdoor space is contemporary but designed to complement the beach house feel of the home. “I definitely didn’t want anything too formal, as that just didn’t suit our client’s lifestyle,” says Josh, “I wanted to create a space that would be used, not just looked at from inside the home.”
  The rear of the home flows naturally into the garden. It’s designed so that it doesn’t feel like you’re stepping outside at all, but just into an extension of the interior. The inviting floating bench seat instantly catches the eye as you walk into the garden. “We went with a floating bench seat rather than the boxed style as it gives the illusion of more space.” says Josh.
  Small pockets of interest are dotted throughout the yard, using a range of different materials. The rough, natural sandstone of the raised planters brings warmth to the area. The Scyon cladding fence was installed to hide an existing treated-pine paling fence, and the joints were offset to create a more interesting appearance. The merbau hardwood timber decking boards were fixed with big bugle screws, to imitate the look of wharfs and jetties and tie in the subtle beach theme. “I love the mixture of materials. I’m really happy with how it turned out,” says Josh, adding, “seeing the sandstone work against the hardwood deck and dark walls is my favourite part.”
  The two large pre-existing trees in the yard are a jacaranda and a lilly pilly (Syzygium smithii). They have been underplanted with the colourful, ground-covering perennial Alternanthera dentata ‘Firebug’ and tough, low-maintenance Dianella caerulea ‘Little Jess’.
  Half of the garden sits over the garage underneath the house, so it was critical that Josh and his team installed correct drainage and storm water provisions.
  The way the design and construction has taken shape complements the family’s way of life. “Our clients regularly walk down to Manly Beach for a swim on a Sunday morning and then lounge around in the garden, reading the papers,” says Josh. “It was really special speaking to the family six months after we’d finished the project and hearing them say that they basically lived in the space over summer.”
  Designed by Cantwell Pools, this entertaining area is something truly spectacular. The wet edge on this pool creates water so smooth you could walk on it.
  
  1-mile max range remote kit with 2-way interactive LCD. Includes additional backup 1-way remote. Works with all Compustar remote start and security systems.
  
  When you order your Ascentis Computer Checks from computerbusinesschecks.com, you can look forward to a host of valuable benefits. We take pride in producing the highest quality Ascentis Computer Checks and ensuring you get them as quickly as possible. No business can afford to pay over the odds for any product or service these days, and with our Ascentis Computer Checks you won’t have to. We ensure that our Ascentis Computer Checks , along with all other products, represent great value for your business.
  
  Agile IT is something that a lot of customers want help with and Erica Langhi, senior solution architect, Red Hat, casts her eye over the current market landscape
  The heat is on for today’s organisations to get ‘agile’. To react quickly, to keep pace with dynamic customer demands, to gain an edge in disrupted markets. Technology is one means many are using, recognising it as a crucial foundation for agility, and businesses are pushing ahead with modernisation initiatives and large-scale transformation strategies. However, organisations are increasingly finding that for technology to truly enable a business, it needs to empower individuals across functions, not just in IT teams. It is these domain experts, or ‘citizens’, who are on the front line of the business, know what great customer experience looks like, and are fast becoming the first people involved in defining and creating new initiatives to do business better. And they are seeking access to and use of data and systems to get the job done.
  When it comes to tools and platforms to support them in pursuing new initiatives, there is no shortage today: SaaS solutions have helped lower the barrier to adopting and building new applications; open APIs can pave the way for improved collaboration; social data from platforms like Facebook and Twitter can be a quick source of customer insights and feedback; mobile is well-suited to provide an intimate channel to reach customers. Using these technologies in concert can yield rich business value, providing the organization can surmount the integration challenge.
  The challenge can be summarised thus: with business users looking to build new software solutions themselves, to create new apps and services for their teams and customers, they need to connect existing data, applications and services, requiring capabilities for a more seamless integration between legacy systems and new applications and infrastructure. And, as IDC outlined in a recent study on agile integration[1], most organisations are running multiple application clouds, rather than having one dominant cloud, so data and business logic must be exchanged across clouds and locations.
  To meet this challenge themselves and run with their own projects without depending heavily on IT teams, domain experts are becoming ‘citizen integrators’. This is a growing subject of conversation and recently the focus of a paper by Gartner, ‘Citizen Integrators Bring Application and Data Integration Into a Common Focus’[2], which argues that ‘business users are increasingly leveraging integration software as a service for simple integration tasks.’ It also finds that ‘as their requirements typically do not distinguish between application and data integration, application leaders must be prepared to address demand for frictionless integration.’
  Frictionless integration – how can this be achieved so that people with bright ideas within an organization can make them reality? How can a business make its data available for, say, a business analyst who is collecting data from patients, or for its people in marketing, finance, HR or anywhere else, to use and integrate with their new innovations?
  These citizens would not necessarily possess deep technical skills in data and have typically needed extensive support from development teams to be able to use the tools they need, like traditional – usually highly complex – business process management solutions. So how can they be empowered to carry out their roles? What sort of integration tools are available and are they easy to use?
  The good news is developer communities and software vendors are honing in on this need and the industry is now seeing technologies fit for this purpose. Lightweight, cloud-based tools are emerging to help businesses foster collaboration between IT staff and citizen integrators to help them quickly create new applications. These tools are built on the concept of easy access to standard APIs so they can interface with systems as needed. If they are open source and support open standards, so much the better for accessibility and interoperability.
  Cloud-based iPaaS (integration platform-as-a-service) solutions are available to support application, data and process integration projects. These tools enable citizen integrators to connect software and create their own pipelines, without needing to outsource the work to developers. Businesses can find solutions that provide a visualisation of all data streams – pipelines, detailed actions, transformations and other elements for integration – accessible via a web browser. Platforms that are low-code help users to build solutions faster by removing complexity; they provide more graphical or templated elements that can be assembled without the need for coding. Some web-based platforms come with a set of predefined visual tools citizens can use to build digital integration services.