An Elemental Guide to Shopping Center Financing

Since we haven’t fully recovered from the credit slump, finding shopping center financing through banks is getting to be quite a challenge, especially when banks have been denying credit middle of the process in some cases. However, do know that while getting a loan for shopping center might seem like an uphill battle, it is possible. And this holds true for various types of shopping retail centers such as strip centers, retail centers, super malls, regional malls, and so on.

There are instances that credit worthy borrowers with good financials and experience are getting turned down in their loan applications for retail center financing, and it wouldn’t be out of place to say that a number of deserving candidates get left out, simply because they haven’t used the right approach. Remember that looking for a shopping center loan can be difficult, and seeking professional help would certainly not be out of place. After all, owing large loan amounts, the relatively high interest rates and closing costs can leave the borrower in need of help.

Factors to be considered at the Onset:

While running a shopping/retail center can be quite profitable and rewarding, it is important that you consider various aspects before you even look for shopping center financing or retail center financing. Even though the investment will be significant, take into account costs that will be incurred otherwise, and these would include costs for tenant improvements, Leasing commission if the property has vacancy, repairs, insurance, taxes, and advertising. Ensure that the building codes have been adhered to and that all the required permits are in place. You also need to delve into factors such as location, project viability; and only then should you think about the type of loan.

The Loan Size:

Large balance loans start at $1M and can go up to $4M, and loans less than $1M but higher can $400,000 come under small balance loans. SBA financing for owner user retail center, is available up to $4M, and in both cases a down payment of around 25% should be expected. Note that in case of SBA loans; the down payment would come down to around 10%. Additionally, while large balance loans come with fixed rate and variable rate interest options, the small balance loans only offers the fixed rate option.

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CNC Turning Center Financing For Limited Budgets

Wondering how to meet equipment requirements under limited budget constraints? Here’s how. Financing facilities are being resorted to by businesses of all scales in order to smooth sail through stages ranging from take off to enlargement of the concerned enterprise. CNC or computer numerical controlled equipment, playing an important role in bringing about radical transformations to a business has become the call of the day.

A CNC turning center cutter accurately cuts out the required shape of any mechanical part by outlining the circumference of the object. Not only does the CNC turning center enable creating and shaping mechanical parts but it being computer regulated, speeds up the entire process as well, giving the business an important edge. Thus, revolutionizing the manufacturing industry.

The rate of cuts per minute and the quality and ability of its execution on bigger objects are the two chief determinants of its cost structure. This occurrence of a possible upward stretch on the cost of acquiring the required equipment on lease, makes a large number of businesses turn to CNC turning center financing.

Elaborate and intricate designs are created with ease on the use of the CNC machining center. Its ability to skillfully handle extreme angles and shapes with unchallengeable accuracy results in a considerable cost reduction. This in turn augments profits, making it highly beneficial for a company to acquire this CNC apparatus.

The design behind the CNC turning center involves a two dimensional slicing procedure both from the inside as well as from the outside. The machine first cuts the material placed on the lathe. Through this repetitive process of cutting and chopping, one sees how the machine conforms to the decided upon stipulations concerning shape and size. Thus any part remaining consistent in shape can be repeatedly replicated with complete accuracy by this machine. Being computer regulated ensures this consistency which is needed when specifications are required to be maintained.

The computer reduces manual labor by a considerable amount by faultlessly carrying out data fed into it. The significant pocket pinch has however highly impressive compensating benefits. The high initial expenditure is neutralized by the hike in production making it a perfect place to venture your money in.

The machine’s software involves the application of new techniques, putting the CNC equipment up on a pedestal. The efficiency and accuracy that is achieved in the cutting process completely justifies the high prices. Though it is definitely moneys worth, this may be quite a staggering amount for newly set up enterprises to cough up at the initial stages when it is low on initial capital. This should not be a reason to lose hope however thanks to the very convenient form of debt provision – the CNC turning center financing services.

The guaranteed future returns from the intimidating initial investment should push companies to obtain and benefit from the financial solutions provided by the CNC turning centre financing.

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Hong Kong International Finance Centre Building

Within the myriad of skyscrapers and soaring buildings distributed on the islands, the International Finance Centre is the tallest building in Hong Kong. The International Finance Centre, which is branded as “IFC”, is an integrated commercial development on the famous waterfront area of Hong Kong’s Central District.

To be the tallest building in Hong Kong is of course, an international prestige, and the sheer size and height makes it a very prominent landmark on the Island. The International Finance Centre boasts of grandeur and splendor as it stands out from all the other tall buildings in the city.

IFC basically consists of two skyscrapers. Tower One consists of the IFC mall and the forty-storey Four Seasons Hotel Hong Kong. The 88 storey Tower Two International Finance Centre is the tallest building in Hong Kong, usurping the place that was once occupied by the infamous Central Plaza.

The complex was developed by a consortium lead by Sun Hung Kai Properties & MTR Corporation. In addition, the Airport Express Station Central is directly beneath it, providing more convenient transportation especially for traveling businessmen.

The One International Finance Centre was completed in 1998 and opened in 1999. Its height is 210 meters, has a 38-storey building with a four-floor trading, 18 high speed passenger lifts in 4 zones, and comprises 784,000 square feet, or approximately 72,850 square meters. The building currently accommodates approximately 5,000 people.

Of the two skyscrapers that make up the International Finance Center building, the Two International Finance Centre is the tallest building in the city. It was designed by Cesar Pelli and completed in 2003. Its height measures approximately at 415 meters. It has 88 storeys, which is an extremely auspicious number for the Cantonese culture.

True to its name it contains twenty-two high-ceiling trading floors. The Monetary Authority (HKMA) is located at the 55th floor. The whole complex is equipped with state of the art telecommunications, raised floors for flexible cabling management, and nearly column-free floor plans. The building expects to accommodate up to 15,000 people, when all offices and floors are fully occupied.

Due to Cantonese culture and beliefs, the 88 storeys of the building may not be exactly eighty-eight (88). Why? Because of superstitious reasons, “taboo floors” like 14 and 24 are omitted because these numbers, according to Cantonese culture, sound like “definitely die” and “easy to die” respectively.

The top floor of the Two IFC is only slightly higher than Hong Kong city’s landmark, the Peak. Two IFC is the third tallest building in the Greater China region and the 6th tallest office building in the world.

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Fitness And Exercise Equipment Financing

Fitness and exercise equipment pieces are inevitable in a gym or fitness center. There are various types of equipment like treadmill, exercise bike etc which are generally expensive. Thus, fitness and exercise equipment financing is called for quite often.

Treadmill is the most important equipment for any gym or fitness center. It helps to burn excessive fat and to give the body a proper shape. It is versatile equipment which can serve useful for different weights of people. Nowadays treadmills come with specialized features like heart rate monitors, computers, fans etc. These extra features add to the cost of the equipment and so fitness and exercise equipment financing is the best way to acquire treadmills.

Rowing machine provides the best ways to work the entire body. It helps build muscles and also burn calories. Since it offers number of benefits, it is quite expensive. Many gym owners therefore find it wise to go for financing to purchase this equipment.

Weight machines play a vital role in fitness centers and health clubs. It is very simple to learn the techniques to operate these machines. The users find it a comfortable to use these weight machines within a few days. Due to their special features, they cost more and so fitness and exercise equipment financing is the best option to buy it.

Exercise bikes are perfect for doing cardiac work outs. They help in toning and strengthening leg muscles. They have comfortable seating which helps reduce stress. In fact exercise bikes are one of the pain free work outs. Hence they are desirable by many gym owners. However they are extremely expensive and so many gym or fitness center owners look for exercise bike financing to acquire sophisticated and well-enhanced exercise bikes.

Stepper machine is very easy to operate and it helps strengthening the leg muscles. People can do the work out easily with the stepper machine by watching TV or enjoying their favorite music. It occupies less space and so it is often desirable by owners of gyms and fitness centers which operate in limited space. For those who want to acquire number of stepper machines, fitness and exercise equipment financing is the best option.

Gym rack system helps to strengthen the entire body. They are durable and versatile. Hence they are quite pricey and gym rack system financing is often preferred by gym owners to acquire them.

Elliptical machine is perfect for doing cardiac work outs without any injury or pain. It helps to reduce the stress of the body to do the work outs. Since it has numerous benefits, it is expensive and financing fitness and exercise equipment is often desirable.

There are some reliable financing companies that have vast experience in the field of equipment financing. They can understand the need of sophisticated fitness equipment in a gym or health club. Hence they offer financial assistance at low interest rates. They do not call for tedious procedures and a simple online application is enough to get the desired amount. Hence many gym owners find it wise to go for fitness and exercise equipment financing.

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Community Shopping Centers – Description and Financing

Community shopping centers generally have less than 200,000 square feet in gross leasable area. They may be designed as enclosed or open-air malls or as strip centers. The centers are organized around one or more of the major national or regional retailers, one or two “junior” department stores, or a store owned by a company specializing in smaller department store operations. A junior department store will generally have between 30,000 and 50,000 square feet and feature a full line of soft goods (clothing, books, and so on) and often some hard goods (appliances, furniture, and so on).

In the 1980s, major national and regional discount department stores emerged as new, significant anchors for community shopping centers. Retailers such as K-Mart (of the S.S. Kresge Corporation) and Wal-Mart became the dominant force in retail sales growth in the United States in the late 1980s. These stores, usually between 75,000 and 125,000 square feet, compete for discount shoppers with merchandise priced below that of the traditional department store. These super-discounters have become the most popular anchors in many new community strip centers because of their heavy advertising, low prices, and excellent locations, which generate shopping traffic.

Community shopping centers generally require trade areas with populations of 100,000 or more. However, these centers are often located in smaller towns that serve as a shopping area for a larger, multi-community area. Besides the anchor stores, the 10 tenants most likely to appear in these centers are:
women’s ready-to-wear shops

restaurants (with liquor service)

fast food/carryout restaurants

beauty salons

family shoe shops

jewelry shops

card and gift shops

restaurants (without liquor service)

women’s specialty clothing shops

banks
In strip centers, the anchor usually has a central location; if there are several anchors, they are separated. It is important to remember that because of the
weather-exposed design of strip centers, shoppers generally walk for shorter distances between stores to shop than is the case in an enclosed mall area. Rents in strip centers will generally run 40 percent to 60 percent less than those found in similar retail areas in enclosed malls. As a rule, sales per square foot will be correspondingly lower than sales in enclosed malls.

Like major department stores, food stores are destination stores. The other tenants depend to some extent on the occasional or impulse sales afforded by a good location in the pedestrian traffic pattern between the larger stores. Like the anchors in large super-regional malls, destination stores in community shopping centers often pay rents that cover only the costs to the center’s owner; the more specialized retailers pay rents that represent true profit potential.

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The Way Wind Tunnels Work and the Way They Are Used

We can feel the presence of the wind and airflow. Wind has to be measured to make sure there is proper ventilation in homes, offices and factories. Airflow should also be measured to see to it that buildings are safe (from harsh winds/hurricanes) and laboratories where people work with volatile chemicals are protected as well. Wind tunnels can be used to build and calibrate wind gauges that measure wind flow. These can also be used to know more about the aerodynamics of cars, trains and airplanes.

The Way They Work

Wind tunnels have a simple structure. They are long tubes placed within glass, metal, plastic or at times, an entire building. They consist of a high-powered fan on each end of the tube. One fan blows wind on the object while the other moves air out of the tunnel. In this way, there is no return flow to damage the data that is being collected. They can be small in size like a coffee table or large like a warehouse. Usually, they have many, different settings for testing objects or recalibrating wind gauges in various wind speeds. Therefore, the object/wind gauge will not get damaged as it works while the wind gauge will be capable of measuring the wind indoors or outdoors with precision and accuracy.

The Way Wind Tunnels Are Used

Wind tunnels are used in testing and recalibrating wind gauges that measure the force of wind outdoors, factories and ductwork of plants and offices. This helps prevent the ductwork from malfunctioning or being over pressurized from the air that moves through it. It also offers proper ventilation to offices and plants. Factories, plants and offices have to be properly ventilated to make sure of the employees’ respiratory health and in some cases, protect employees and products from harmful chemicals that penetrate the air. A lot of essential oil manufacturers come with elaborate ventilation systems that must do their best to prevent employees from becoming sick or injured.

Wind tunnels can also be used in measuring the aerodynamics of some objects and systems. Most cars and planes are put inside these structures before they are manufactured in volume. This is a way to test whether they are aerodynamic and will operate safely on the ground or air. The same is true for a lot of airplane engines. Most companies like Boeing and NASA make use of massive wind tunnels(as large as an entire building) in testing their airplanes as well as airplane engines. This is critical to guarantee the plane’s safety and efficiency.

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