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Posted by TMS2000 on

GreenSky Credit is first company to deliver true instant bridge financing for retail customers

In the field of commercial real estate development, bridge financing is one of the key credit facilities that keep the industry running. Because real estate is one of the most capital-intensive businesses that there are, it is necessary for projects that are developing multi-million-dollar properties to have access to a wide variety of funding vehicles that are able to keep the cash flowing in the event of temporary funding shortfalls or unanticipated expenses. If all commercial real estate developers needed to rely solely on traditional mortgage financing or their own cash reserves, the entire real estate development industry in the United States would quickly grind to a halt.

Bridge financing for consumers

Yet, in today’s increasingly expensive real estate market, private homes are often million-dollar investments. And private homeowners face many of the same costs as professional real estate developers when it comes time to build a new property, renovate an existing one or to add an addition to their homes.

But these consumers have not traditionally had access to the same kinds of bridge financing as commercial developers. This has meant that, just as the commercial real estate development industry relies on bridge financing to get most deals done, billions of dollars per year in private home renovations that could have been done get shelved.

GreenSky Credit is the first company to address this issue. GreenSky provides a form of instant-approval bridge financing at the retail level for homeowners who are looking to do major renovation projects but who simply lack the cash or alternative financing options to do so. GreenSky is able to extend customers truly instant point-of-sale loans for amounts well into the six figures. And it is able to do so with loans that have some of the best terms imaginable.

A typical GreenSky loan involves no interest and no payments for the first full year. After that, higher rates kick in. But the majority of GreenSky customers never see those higher rates because they pay the loan off, in full, before the teaser rates end.

https://seekingalpha.com/article/4200009-greensky-cloudy-skies-will-dissipate

Posted by TMS2000 on

Shervin Pishevar warns that fiscal irresponsibility could lead to Venezuela-like future

Despite widespread economic prosperity, at least in terms of the government’s favored economic measurements, the government itself has continued to expand its deficits. And the total debt continues to balloon well past the $20 trillion mark, bringing the U.S. debt-to-GDP ratio past one. While many economists have pointed out that the government should be shrinking its deficits in times of economic growth and low unemployment, it has recklessly continued to do precisely the opposite. This may not bode well for what is likely to occur during a true economic downturn.

Shervin Pishevar, who ranks among the most successful tech venture capitalists in the world, has long been deeply concerned with the country’s current fiscal and monetary policy. Shervin Pishevar believes that both the Federal Reserve and the government itself are acting in a highly irresponsible way. And this, he says, could lead to economic disaster.

Shervin Pishevar has long warned that demographic change, coupled with a shrinking consumer spending base due to slowly deteriorating income prospects for the middle class, may be conspiring to create the conditions for a permanent economic slowdown. Shervin Pishevar believes that this could adversely effect tax revenues just as the government is continuing to expand its spending, including out-of-control entitlements, to record levels. The disaster, he says, will be that the government will follow the path of least resistance. And that is always to print its way out of its financial crisis.

Pishevar has long stated that what cannot go on will not. He says that unsustainable debt levels have now completely ensured that the majority of the more than $200 trillion in American outstanding debt obligations, including unfunded future entitlement liabilities, will not be paid. This is simply because they cannot ever be paid. At least not in today’s dollars.

The obvious way that the government is going to make these untenable debts workable is through debasing its currency. And, unfortunately, this will ultimately be the only politically acceptable route to go down. Anything else would immediately elicit a political backlash. This, says Pishevar, means that the U.S. dollar is in for a serious fall.

https://www.imdb.com/name/nm6840912/

Posted by TMS2000 on

The untold story of Louis Chenevert ‘s revolution

Louis Chenevert is a Canadian citizen, who prides himself on a legacy of having brought a revolution in the aerospace industry. Initially, after he graduated with a Bachelor of Commerce in production management, and his experience at General Motors (production manager), it appeared like his main line of career advancement would be in production management. However, this took a complete turn when he became president of Pratt & Whitney, an aerospace company.

Initially, when he went to Pratt & Whitney, he went there just as a junior member of management. However, Louis Chenevert, being the charismatic leader, he is, made great efforts to bring the very much needed changes in the management of the company. these efforts worked well and helped the company out of an economic crisis they had previously gotten into. Naturally, Louis ascended the ranks and was later president of the company prided for being a successful aerospace manufacturer.

Pratt & Whitney was a subsidiary of the UTC (United Technologies Corporation). The decisions that Louis made as the president of Pratt & Whitney attracted a lot of attention from UTC. His charisma could not be ignored, neither would be his undivided effort. The changes he had made in management and in the financial stability of the company made him rise and get elected as chairman of UTC.

At this point, he got a platform to implement the many things he had learned from his experience in the past. Having in mind that production is the most prominent process of any company, he chose to enhance the same in UTC. Other companies in the industry outsourced cheap production (especially labor) but he moved his to the USA, making it more expensive. However, the minds were brilliant and with brainstorming, they were able to come up with products of very high quality, compared to those of other companies. Their performance improved to an extent they were able to acquire the Goodrich Corporation, previously the leading aerospace manufacturer. The shares of the company rose from a market price of $37 to $116, an indication of the success of efforts made. This is how he revolutionized the aerospace industry.

http://www.courant.com/business/hc-goldman-sachs-louis-chenevert-20150909-story.html

Posted by TMS2000 on

Tony Petrello Makes All His Friends Jealous

Life does not always end up where you think it is going. It is funny like that. You may come out with all your plans, but fate very well may take you its way. This certainly was true in the life of business juggernaut Tony Petrello.

Petrello was on the road to forever change the landscape of mathematics. Being a prodigy, he attended Harvard to hone his skills in this exciting field of numbers. Upon arriving, he was immediately noticed by Professor Serge Lang. Seeing his one-day replacement in Petrello, Lang began taking Tony with him around the world to promote new theories in mathematics. Petrello seemed to have a knack for challenging long standard assumptions and tweaking new theories. Unfortunately, Petrello did not see his future leading him this direction. Petrello picked up the phone and called Lang to inform him that he would be pursuing a degree in law.

Petrello would continue his time at Harvard pursuing a justice degree. However, he would continue growing in mathematics by receiving a degree in that field from Yale.

Once Petrello graduated, he hit the ground running in the world of corporate law. He was picked up by Baker and McKenzie in 1979. He would work for them finding nuances in the law that allowed them to win dozens of cases and a ton of money in the process. His skills earned him a promotion to the position of Managing Partner in New York City.

Read more: Mathematics, Law, Business, and Charity: The Unique American Dream of Tony Petrello


After working as a Managing Partner for Baker and McKenzie, Petrello was approached by Nabors Industry. There were interested in him becoming the Chief Operating Officer of their company and in 1991 he accepted the offer.

Petrello would rise quickly through the ranks at Nabors Industries due to his ability to combine laws and mathematics in such a way that gave them an edge in all fields. In 1992 the board informed him that they would like him to be promoted to the role of President in the company according to salary.com. This promotion only lasted for one year since in 1993 he would be promoted to the role of Chief Executive Officer

Petrello would also turn his attention to charity. After his daughter was diagnosed with leukemia, he would give the Dallas Texas Children’s Hospital several millions of dollars to aid them in research. As a thank you, he received a position on the hospital’s board.

See: http://blogs.marketwatch.com/thetell/2014/05/27/why-nabors-ceo-wont-top-best-paid-bosses-list-again-in-2014/

Posted by TMS2000 on

Livio Bisterzo, Hippeas Chickpea Snacks

For some Livio Bisterzo is a hero, especially moms. A creator of Hippeas Chickpea Snacks, a healthy snack food and founder of Green Park Holdings. Livio Bisterzo philosophy is “Do Good”. Some major players think Livio Bisterzo has a bright future in the healthy food industry including Strand Equity Partners and actor Leonardo DiCaprio. Leonardo DiCaprio is a minor share holder in Livio Bisterzo’s company that makes Hippeas Chickpea Snacks. Leonardo DiCaprio has long been in the health food industry and has been an advocate for the environment for some time.

Leonardo DiCaprio has invested in other health food company’s including “Love in the Wild”. Love in the Wild is a company that brings sustainable seafood products. Because Livio Bisterzo’s company is a plant based company was a contributing factor in Leonardo DiCaprio’s investment in this company. Funding projects of biodiversity and habitat conservation are a passion of Leonardo DiCaprio’s. Climate change was added to the Leonardo DiCaprio Foundation. The foundation helps fund these passion and projects of Leonardo DiCaprio’s. He serves on the board of many advocacy groups to show his support of animals and the environment. With a good heart Leonardo DiCaprio gave his share away to Amazon’s farming communities.

Read more on Bloomberg.com

The HIPPEAS brand is different than other snack products in that each package contains a substantial amount of protein and is in six different organic chickpea puffs with fun names. Being health minded these snack are low calorie and anti GMO. In his own way Livio Bisterzo is focused to do good in the world by elimination world hunger. Contributing profits from his company to the Farm Africa charity. To lift east Africa out of poverty. Livio Bisterzo’s drive to help humanity is admirable and shows both business and doing good can be done. It is something others should look up to.

Green park Holding founded by Livio Bisterzo in 2015 saw growth after its 2016 product launch in the amount of $2.5 million in revenue. With his products sold in more than 20,000 stores, this years growth is expected at $11 million in revenue. With little interest from large brand companies to bring chickpeas to market and the impressive growth of chickpeas in 2016, the future for Livio Bisterzo’s company green park holding looks bright. With demand rising there is plenty of space for HIPPEAS at this time. Livio Bisterzo has seen that even healthy snack foods can benefit both the environment and society. He hopes to continue this success.

Search more about Livio Bisterzo: http://www.foodnavigator-usa.com/Manufacturers/Hippeas-could-be-a-100m-brand-in-the-next-three-to-five-years

Posted by TMS2000 on

Glen Wakeman’s Take on Business Success

Glen Wakeman is a name that is highly commended in the business world. As the CEO and co-founder of LaunchPad Holdings LLC, Wakeman has been known for his successful career in business and finance spanning over two decades of work in companies such as GE Capital, and as the founder of Nova Four. Preceding these, he graduated with a BS in Economics and Finance from the University of Scranton in 1981 and an MBA in Finance from the University of Chicago in 1993.

His most recognized work would be his performance methodology focusing on human capital, leadership, governance, risk management, and execution in business. He applies these principles to his own business to ensure positive results.

As an investor and writer, Glen Wakeman blogs frequently where he shares information and inspiration on everything from global affairs and management and administration to business transformation and effective capital raising. He is an active participant in transformative business opportunities always willing to share knowledge with others.

Over the course of his lengthy career, Glen Wakeman built a solid reputation as a mentor with an entrepreneurial spirit and a business revolutionary (Twitter). His experience includes the guidance and development of start-ups, M&As, new market entry, divestitures, exponential growth and more.

Wakeman is very passionate about innovation, growth and executive development, and that is shown in his Q&A with Interview.com. He was asked questions about his daily life and general business opinions which he responded to in a manner that showed how business oriented he is. Each day he ensures that the previous day’s statistics are analyzed, then he goes through meetings and research with co-workers. He is constantly thinking up new business ideas and models then going over them to see if they make any sense or would be advantageous to a company. His curiosity is what motivates him to explore new ways of being productive which is evident is all the success he has had in the business world.

Having lived in 6 different countries and owned responsibility in 30 regions globally, Glen Wakeman is a force deserving recognition for his career accomplishments.

Posted by TMS2000 on

Brian Bonar: Award-Winning Business Executive

Brian Bonar is a business executive, investor and financial expert. Educated in Europe, Bonar attended Strathclyde University in Glasgow, Scotland where he earned his BSC in Mechanical Engineering. He also earned an MBA and a PhD in International Business Development Studies at Stafford University in England.

He then spent 18 years working with IBM in Europe, Asia and the U.S. He then went on to found or play a leadership role in numerous companies in a wide variety of industries over the next 20 years in Europe and the U.S. He has recently gotten involved in the restaurant business.

The first job Bonar took was at QMS Incorporated as executive director of engineering from 1984 to 1988. Next, he became the Rastek Corporation’s vice president of marketing and sales from 1988 to 1990, Adaptec Inc.’s worldwide sales manager for a year, then vice president of Bezier Systems Inc.’s Worldwide sales and marketing from 1991 to 1992.

In 1992 he became involved with Dalrada Financial Corporation, first as director of technology sales for two years, vice president of marketing and sales for 6 months, acting chief accounting officer and in 1997 he became the company’s chief operating officer until 2004. He was the company’s CEO from 2004 until 2009.

According to San Diego Magazine, Brian Bonar was also the Solvis Group’s chairman and CEO from 2003 to 2006. The company provided staffing, ASO and PEO services to the call center and medical markets. In May 2009 Bonar was named to the board of STTN and became company president in September of the same year.

He has also worked with or was on the board of Trucept, Inc., The Amanda Company, Smart-tek Automated Services, American Marine LLC, Warning Management Corporation, Tradeshow Products Inc., Greenland Corporation, Alliance National Insurance Company and Allegiant Professional Business Services. He also founded AMS Outsourcing with customers in Mexico and the Czech Republic.

Recently Brian Bonar has gotten involved in the restaurant business. He opened Bellamy’s in San Diego which has quickly become one of one of the top-rated dining places in Escondido. The restaurant features the cuisine of world renowned French chef Patrick Ponsaty.

Bonar is also in the process of building another restaurant on 144 acres with a working farm. It’s called The Ranch at Brandy Canyon and it features a superb restaurant and a four-star event space. Everyone that knows Brian Bonar expect his mini restaurant empire to be a rousing success, especially with Patrick Ponsaty doing the cooking.

Brian Bonar’s top notch academic background, his professional qualifications and his decades of executive experience in both finance and management have led the Who’s Who at Cambridge to select him for their prestigious award for Executive of the Year.