This document summarizes an annual conference agenda on redevelopment projects. It includes:
1) An overview and introduction of the panel by Dr. James Baugh, President and CEO of JEB & Associates.
2) A discussion led by Jeffrey Larson, President of Larson Consulting Services, on addressing current or proposed redevelopment projects, including defining the project, identifying stakeholders, financing tools, best practices, and implementation.
3) An update on bank funding and investment markets by David Thornton, Managing Director of Wells Fargo Securities, covering taxable vs. tax-exempt financing, capital markets vs. direct placements, and an example pooled loan program.
Down payment assistance programs provide grants of up to $6,000 to help with down payments and closing costs for eligible homebuyers. The funds do not need to be repaid as long as the homebuyer lives in the property for a specified period. This allows buyers to purchase a home sooner by needing to borrow less for a mortgage or put down a smaller down payment initially. Standard Bank currently offers down payment assistance programs through the Illinois Housing Development Authority and Federal Home Loan Bank of Chicago.
This document provides an overview of options for repaying student loans, including getting organized, setting up automatic payments, dealing with financial difficulty, and avoiding default. It discusses federal loan repayment plans, income-based repayment, loan forgiveness, consolidation, deferment, forbearance, bankruptcy, and resources for assistance.
Get an overview of student loan refinancing from CommonBond, an online lender dedicated to lowering the cost of higher education. Learn more at commonbond.co/refinance-student-loan
I am mentioned several times in the September 2011 issue of Restaurant Finance Monitor John Hamburger. My input is directly loan based and I provide quick figures as to what you can expect by using our loan program for you next restaurant commercial financing project.
This document provides an overview of different types of mortgages, beginning with fixed-rate mortgages. It discusses the pros and cons of fixed-rate mortgages, including their predictable payments but higher rates. It then summarizes variable-rate mortgages and how the interest rate can change, affecting monthly payments. The document aims to provide foundational information about mortgages to help with research and obtaining a mortgage.
A person's credit report provides important information about their financial history and creditworthiness. It is important to understand credit reports and how to maintain good credit. Some key things to understand include the different types of credit, your rights and responsibilities regarding credit use, how to obtain and read your credit report, factors that affect your credit score, and steps to correct any errors on your report. Regularly reviewing your credit report and practicing responsible credit habits can help you make informed financial decisions and protect your credit rating over time.
1) The average debt obligation of active DC plan participants increased by 9% between 1992 and 2010, leaving less money available for retirement savings. For near-retirement participants between 50-65 years old, debt obligations increased even more sharply, by 69%.
2) Over 60% of households with DC plans accumulated more debt than retirement savings between 2010-2011. 20% took on credit card debt faster than retirement savings, while others accumulated mortgage, auto, or other debt faster than savings.
3) DC plan participants that accumulated any type of debt faster than retirement contributions had around 50% less retirement savings than those focused more on building savings. Debt savers had only about 2 years of replacement income saved compared to
The Greater Pittsburgh Nonprofit Partnership hosted its 2011 Semi-Annual Membership Meeting on June 22, 2011. Ron Kramer from Schneider Downs presented on the potential changes to charitable deductions. Members Laura Maines, Bernadette Turner, and Dave Coplan provided a PA budget update, an update on our three committees' work, and an introduction to our 2012 dues changes, respectively. Thanks to all, including our Chair, Colleen Fedor and President, Diana Bucco for leading the meeting.
Down payment assistance programs provide grants of up to $6,000 to help with down payments and closing costs for eligible homebuyers. The funds do not need to be repaid as long as the homebuyer lives in the property for a specified period. This allows buyers to purchase a home sooner by needing to borrow less for a mortgage or put down a smaller down payment initially. Standard Bank currently offers down payment assistance programs through the Illinois Housing Development Authority and Federal Home Loan Bank of Chicago.
This document provides an overview of options for repaying student loans, including getting organized, setting up automatic payments, dealing with financial difficulty, and avoiding default. It discusses federal loan repayment plans, income-based repayment, loan forgiveness, consolidation, deferment, forbearance, bankruptcy, and resources for assistance.
Get an overview of student loan refinancing from CommonBond, an online lender dedicated to lowering the cost of higher education. Learn more at commonbond.co/refinance-student-loan
I am mentioned several times in the September 2011 issue of Restaurant Finance Monitor John Hamburger. My input is directly loan based and I provide quick figures as to what you can expect by using our loan program for you next restaurant commercial financing project.
This document provides an overview of different types of mortgages, beginning with fixed-rate mortgages. It discusses the pros and cons of fixed-rate mortgages, including their predictable payments but higher rates. It then summarizes variable-rate mortgages and how the interest rate can change, affecting monthly payments. The document aims to provide foundational information about mortgages to help with research and obtaining a mortgage.
A person's credit report provides important information about their financial history and creditworthiness. It is important to understand credit reports and how to maintain good credit. Some key things to understand include the different types of credit, your rights and responsibilities regarding credit use, how to obtain and read your credit report, factors that affect your credit score, and steps to correct any errors on your report. Regularly reviewing your credit report and practicing responsible credit habits can help you make informed financial decisions and protect your credit rating over time.
1) The average debt obligation of active DC plan participants increased by 9% between 1992 and 2010, leaving less money available for retirement savings. For near-retirement participants between 50-65 years old, debt obligations increased even more sharply, by 69%.
2) Over 60% of households with DC plans accumulated more debt than retirement savings between 2010-2011. 20% took on credit card debt faster than retirement savings, while others accumulated mortgage, auto, or other debt faster than savings.
3) DC plan participants that accumulated any type of debt faster than retirement contributions had around 50% less retirement savings than those focused more on building savings. Debt savers had only about 2 years of replacement income saved compared to
The Greater Pittsburgh Nonprofit Partnership hosted its 2011 Semi-Annual Membership Meeting on June 22, 2011. Ron Kramer from Schneider Downs presented on the potential changes to charitable deductions. Members Laura Maines, Bernadette Turner, and Dave Coplan provided a PA budget update, an update on our three committees' work, and an introduction to our 2012 dues changes, respectively. Thanks to all, including our Chair, Colleen Fedor and President, Diana Bucco for leading the meeting.
This document provides an overview of FHA loan programs and how they can help borrowers in California's declining housing market. It outlines key features of FHA loans including lower down payment requirements, more flexible credit and debt-to-income ratios, ability to use co-signers and gifts for down payments, and financing for renovations. The summary describes how FHA loans provide alternatives for borrowers with imperfect credit, limited savings, or properties needing repairs by allowing lower credit scores, bank-owned properties, and no required reserves. It concludes by noting other FHA programs like streamlined refinances and reverse mortgages as well as cases where FHA may not be suitable like non-owner occupied homes or borrowers
SoFi Medical Borrower Refinancing GuideJeff Carroll
This document provides information about student loan refinancing for medical professionals. It discusses how refinancing can help borrowers save money on total interest costs and lower monthly payments by getting a lower interest rate. Refinancing allows switching between fixed and variable rates or consolidating multiple loans into a single monthly payment. While refinancing federal loans means losing benefits like deferment, forbearance and forgiveness programs, it can save thousands in interest for those who don't need those benefits. A one point interest rate reduction on $100,000 in loans at a 10-year term could save $6,000 in interest costs.
Making money sensetips and ideas to help your family prosper
Buying a Home
Am I Ready To Buy A Home?
Important questions to consider if you think
buying a house is right for you...
Do you have a steady income? Have you been employed on a regular basis for 2-3 years? Is your income reliable? Do you have a credit history? Do you have a good record of paying your bills? Will you be able to pay your bills and other debts? Do you have the ability to make the mortgage payment every month, plus handle additional costs for taxes, insurance, maintenance and repairs? Do you have money saved for a down payment and closing costs?
- Federal Reserve Chairman Ben Bernanke said it is unclear if the US economy will experience a slow recovery like those typically seen after financial crises.
- Recoveries after financial crises tend to be more sluggish than normal recessions, due to headwinds like deleveraging and problems in the banking system. However, past policy responses may not have been aggressive enough.
- Bernanke hopes current aggressive monetary and fiscal policies will lead to a stronger recovery for the US economy.
A reverse mortgage is a non-recourse loan for homeowners aged 62+ that converts home equity into tax-free cash payments. No loan payments are required until the home is no longer the primary residence. Common uses are supplementing income, estate planning, long-term care, or funding retirement home purchases. Eligibility requires primary residency in a home owned free and clear. The maximum loan amount depends on the homeowner's age, home value, and interest rates. Loan proceeds can be taken as a lump sum, monthly payments, line of credit, or combination. The loan becomes due when the last homeowner dies, sells the home, or does not live there for over 12 months.
The document summarizes a presentation given at a home ownership fair about mortgages and refinancing. It discusses the speakers and organization hosting the event, provides an overview of current mortgage options and challenges, and offers tips for home buyers and those seeking to refinance. Key points covered include understanding conventional, FHA, VA, and USDA loan programs, the role of mortgage-backed securities, factors affecting credit approval like income, assets, credit history, and debt-to-income ratios, and why current market conditions make it a good time to buy a home.
This document discusses key issues and risks associated with using reverse mortgages for aging in place. It provides an overview of reverse mortgages, including consumer protections and counseling requirements. It also examines factors that affect the suitability of reverse mortgages for individual borrowers and risks of withdrawing large sums that can deplete equity and increase foreclosure risk. The document advocates for improving counseling and finding meaningful options to help older homeowners address financial needs while maintaining homeownership.
Subprime Meltdown: From U.S. Liquidity Crisis to Global Recessioncharlesbrownell
The document summarizes how loose lending standards for subprime mortgages, encouraged by government policies, led to a housing bubble and eventual financial crisis. It describes how banks took on risky loans but avoided liability by selling them to Fannie Mae and Freddie Mac through securitization. When housing prices fell and borrowers defaulted, the effects rippled through the global financial system due to the widespread distribution of mortgage-backed securities.
The document discusses bad debts in the banking sector and their impact. It outlines factors that can lead to bad loans, such as lending to questionable borrowers or lack of collateral. Bad debts reduce bank profits. The document then recommends strategies for banks to address bad debts, such as improving risk analysis and credit controls, selecting professional lawyers, and establishing debt collection agencies.
This document discusses non-performing assets (NPAs) in the Indian banking system. It defines NPAs and categories them as standard, substandard, doubtful, and loss assets. The document provides statistics on NPAs for major public and private sector banks and key sectors. It outlines reasons for rising NPAs, effects on the economy, and steps taken to reduce NPAs such as new banking laws and loan restructuring schemes. Methods to curb future NPAs include stronger regulations, collateral management, developing anchor banks, and deleveraging banks.
1. The document is a presentation on home buying from Bank of America that covers topics like determining if homeownership is right, getting prequalified, understanding credit, affordable mortgage programs, and the home buying process.
2. It provides information on calculating how much home buyers can afford and borrow, the importance of credit for getting approved, and resources for homebuyer education and counseling.
3. Bank of America promises personal service and affordable loan options to help buyers achieve their goal of successful homeownership.
The document provides information about the home buying process for first-time homebuyers. It discusses determining an affordable mortgage amount, the importance of good credit, different types of loans including government and conventional loans, and what to expect during the application and closing process. The overall goal is to educate homebuyers on choosing the right mortgage program and walking through the steps to purchase a home.
For private pension plans that must comply with the funding rules introduced by the Pension Protection Act of 2006, investment performance and interest rate levels drive the contribution requirements. The collapse of the stock market in 2008 has been followed by extremely low interest rates in 2009 and 2010, increasing costs in nearly all U.S. private pension plans. How high will they get and when will we get over the hump?
The document discusses the lending policies of Canadian banks, noting that banks provide over half of business lending in Canada and make lending decisions on a case-by-case basis considering borrowers' ability to repay. It outlines new policies from regulators and one bank (TD Canada Trust) tightening lending standards, like discontinuing certain equity lending programs, increasing minimum down payments, and changing policies for US residents. The conclusion emphasizes that Canadian banks take a prudent approach to lending to protect depositors' money while still providing credit to viable businesses.
- A reverse mortgage allows homeowners aged 62 or older to convert their home equity into tax-free cash without making monthly payments. The lender pays the homeowner instead through options like lump sums, monthly payments, or a line of credit.
- Borrowers retain ownership of their home and cannot owe more than its value. They must continue living there as their primary residence and pay taxes/insurance. The loan is repaid when the last borrower dies, sells the home, or fails to meet obligations.
- The amount borrowers can access depends on their age, home value, interest rates, and lending limits. They have flexibility to use funds for any purpose like eliminating debt or home improvements.
The Loan Fund was established in 1983 to provide loans to Christian Reformed Churches beyond what was available from other church assistance programs. It has since grown to $32.1 million in assets and has provided 183 loans totaling $59.3 million. It offers loans for church facilities, land, and repairs at favorable rates compared to traditional lenders. In 2011, assets declined as loan demand decreased, though net income increased. Only 5 new loans totaling $672,000 were approved as many churches delayed projects due to economic conditions.
Chase has opened 26 regional Homeownership Centers to help homeowners struggling to make mortgage payments. The centers provide face-to-face meetings with trained advisors to discuss options like loan modifications, repayment plans, and short sales. Chase aims to prevent foreclosures whenever possible and has already helped over 400,000 homeowners through modifications and other programs. The document provides details on the services offered at the Homeownership Centers and Chase's various foreclosure prevention programs.
A decent presentation about Reverse Mortgages and how they work. I honestly do not remember where I got this from and I hope it is not a problem that I ma posting it.
The Department of Labor has released a new online resource called the ERISA Fiduciary Advisor to provide basic information about fiduciary responsibilities under ERISA. The Advisor uses an interactive format with preliminary questions and linked topics to discuss issues such as fiduciary duties, liability for plan sponsors, and options for correcting mistakes. However, the information provided is aimed to be very simple and may not fully address complex real-world ERISA situations. While repetition of core concepts is useful, the resource may have limited assistance for those already familiar with ERISA basics. It serves as an initial educational tool but may not provide detailed guidance for complicated compliance issues.
Joint Presentation On Hud & Sba 2011mlhommedieu
This document summarizes an upcoming session on navigating credit opportunities through HUD and SBA financing programs. It provides contact information for various speakers and an overview of their objectives to explain recent legal changes to HUD's LEAN program and SBA financing through case studies and examples. It also outlines key aspects of various HUD and SBA loan programs including purposes, terms, requirements and eligibility guidelines.
This document provides an overview of FHA loan programs and how they can help borrowers in California's declining housing market. It outlines key features of FHA loans including lower down payment requirements, more flexible credit and debt-to-income ratios, ability to use co-signers and gifts for down payments, and financing for renovations. The summary describes how FHA loans provide alternatives for borrowers with imperfect credit, limited savings, or properties needing repairs by allowing lower credit scores, bank-owned properties, and no required reserves. It concludes by noting other FHA programs like streamlined refinances and reverse mortgages as well as cases where FHA may not be suitable like non-owner occupied homes or borrowers
SoFi Medical Borrower Refinancing GuideJeff Carroll
This document provides information about student loan refinancing for medical professionals. It discusses how refinancing can help borrowers save money on total interest costs and lower monthly payments by getting a lower interest rate. Refinancing allows switching between fixed and variable rates or consolidating multiple loans into a single monthly payment. While refinancing federal loans means losing benefits like deferment, forbearance and forgiveness programs, it can save thousands in interest for those who don't need those benefits. A one point interest rate reduction on $100,000 in loans at a 10-year term could save $6,000 in interest costs.
Making money sensetips and ideas to help your family prosper
Buying a Home
Am I Ready To Buy A Home?
Important questions to consider if you think
buying a house is right for you...
Do you have a steady income? Have you been employed on a regular basis for 2-3 years? Is your income reliable? Do you have a credit history? Do you have a good record of paying your bills? Will you be able to pay your bills and other debts? Do you have the ability to make the mortgage payment every month, plus handle additional costs for taxes, insurance, maintenance and repairs? Do you have money saved for a down payment and closing costs?
- Federal Reserve Chairman Ben Bernanke said it is unclear if the US economy will experience a slow recovery like those typically seen after financial crises.
- Recoveries after financial crises tend to be more sluggish than normal recessions, due to headwinds like deleveraging and problems in the banking system. However, past policy responses may not have been aggressive enough.
- Bernanke hopes current aggressive monetary and fiscal policies will lead to a stronger recovery for the US economy.
A reverse mortgage is a non-recourse loan for homeowners aged 62+ that converts home equity into tax-free cash payments. No loan payments are required until the home is no longer the primary residence. Common uses are supplementing income, estate planning, long-term care, or funding retirement home purchases. Eligibility requires primary residency in a home owned free and clear. The maximum loan amount depends on the homeowner's age, home value, and interest rates. Loan proceeds can be taken as a lump sum, monthly payments, line of credit, or combination. The loan becomes due when the last homeowner dies, sells the home, or does not live there for over 12 months.
The document summarizes a presentation given at a home ownership fair about mortgages and refinancing. It discusses the speakers and organization hosting the event, provides an overview of current mortgage options and challenges, and offers tips for home buyers and those seeking to refinance. Key points covered include understanding conventional, FHA, VA, and USDA loan programs, the role of mortgage-backed securities, factors affecting credit approval like income, assets, credit history, and debt-to-income ratios, and why current market conditions make it a good time to buy a home.
This document discusses key issues and risks associated with using reverse mortgages for aging in place. It provides an overview of reverse mortgages, including consumer protections and counseling requirements. It also examines factors that affect the suitability of reverse mortgages for individual borrowers and risks of withdrawing large sums that can deplete equity and increase foreclosure risk. The document advocates for improving counseling and finding meaningful options to help older homeowners address financial needs while maintaining homeownership.
Subprime Meltdown: From U.S. Liquidity Crisis to Global Recessioncharlesbrownell
The document summarizes how loose lending standards for subprime mortgages, encouraged by government policies, led to a housing bubble and eventual financial crisis. It describes how banks took on risky loans but avoided liability by selling them to Fannie Mae and Freddie Mac through securitization. When housing prices fell and borrowers defaulted, the effects rippled through the global financial system due to the widespread distribution of mortgage-backed securities.
The document discusses bad debts in the banking sector and their impact. It outlines factors that can lead to bad loans, such as lending to questionable borrowers or lack of collateral. Bad debts reduce bank profits. The document then recommends strategies for banks to address bad debts, such as improving risk analysis and credit controls, selecting professional lawyers, and establishing debt collection agencies.
This document discusses non-performing assets (NPAs) in the Indian banking system. It defines NPAs and categories them as standard, substandard, doubtful, and loss assets. The document provides statistics on NPAs for major public and private sector banks and key sectors. It outlines reasons for rising NPAs, effects on the economy, and steps taken to reduce NPAs such as new banking laws and loan restructuring schemes. Methods to curb future NPAs include stronger regulations, collateral management, developing anchor banks, and deleveraging banks.
1. The document is a presentation on home buying from Bank of America that covers topics like determining if homeownership is right, getting prequalified, understanding credit, affordable mortgage programs, and the home buying process.
2. It provides information on calculating how much home buyers can afford and borrow, the importance of credit for getting approved, and resources for homebuyer education and counseling.
3. Bank of America promises personal service and affordable loan options to help buyers achieve their goal of successful homeownership.
The document provides information about the home buying process for first-time homebuyers. It discusses determining an affordable mortgage amount, the importance of good credit, different types of loans including government and conventional loans, and what to expect during the application and closing process. The overall goal is to educate homebuyers on choosing the right mortgage program and walking through the steps to purchase a home.
For private pension plans that must comply with the funding rules introduced by the Pension Protection Act of 2006, investment performance and interest rate levels drive the contribution requirements. The collapse of the stock market in 2008 has been followed by extremely low interest rates in 2009 and 2010, increasing costs in nearly all U.S. private pension plans. How high will they get and when will we get over the hump?
The document discusses the lending policies of Canadian banks, noting that banks provide over half of business lending in Canada and make lending decisions on a case-by-case basis considering borrowers' ability to repay. It outlines new policies from regulators and one bank (TD Canada Trust) tightening lending standards, like discontinuing certain equity lending programs, increasing minimum down payments, and changing policies for US residents. The conclusion emphasizes that Canadian banks take a prudent approach to lending to protect depositors' money while still providing credit to viable businesses.
- A reverse mortgage allows homeowners aged 62 or older to convert their home equity into tax-free cash without making monthly payments. The lender pays the homeowner instead through options like lump sums, monthly payments, or a line of credit.
- Borrowers retain ownership of their home and cannot owe more than its value. They must continue living there as their primary residence and pay taxes/insurance. The loan is repaid when the last borrower dies, sells the home, or fails to meet obligations.
- The amount borrowers can access depends on their age, home value, interest rates, and lending limits. They have flexibility to use funds for any purpose like eliminating debt or home improvements.
The Loan Fund was established in 1983 to provide loans to Christian Reformed Churches beyond what was available from other church assistance programs. It has since grown to $32.1 million in assets and has provided 183 loans totaling $59.3 million. It offers loans for church facilities, land, and repairs at favorable rates compared to traditional lenders. In 2011, assets declined as loan demand decreased, though net income increased. Only 5 new loans totaling $672,000 were approved as many churches delayed projects due to economic conditions.
Chase has opened 26 regional Homeownership Centers to help homeowners struggling to make mortgage payments. The centers provide face-to-face meetings with trained advisors to discuss options like loan modifications, repayment plans, and short sales. Chase aims to prevent foreclosures whenever possible and has already helped over 400,000 homeowners through modifications and other programs. The document provides details on the services offered at the Homeownership Centers and Chase's various foreclosure prevention programs.
A decent presentation about Reverse Mortgages and how they work. I honestly do not remember where I got this from and I hope it is not a problem that I ma posting it.
The Department of Labor has released a new online resource called the ERISA Fiduciary Advisor to provide basic information about fiduciary responsibilities under ERISA. The Advisor uses an interactive format with preliminary questions and linked topics to discuss issues such as fiduciary duties, liability for plan sponsors, and options for correcting mistakes. However, the information provided is aimed to be very simple and may not fully address complex real-world ERISA situations. While repetition of core concepts is useful, the resource may have limited assistance for those already familiar with ERISA basics. It serves as an initial educational tool but may not provide detailed guidance for complicated compliance issues.
Joint Presentation On Hud & Sba 2011mlhommedieu
This document summarizes an upcoming session on navigating credit opportunities through HUD and SBA financing programs. It provides contact information for various speakers and an overview of their objectives to explain recent legal changes to HUD's LEAN program and SBA financing through case studies and examples. It also outlines key aspects of various HUD and SBA loan programs including purposes, terms, requirements and eligibility guidelines.
The document discusses the unique financial and legal challenges faced by the LGBT community, including taxes, retirement planning, estate planning, and social security benefits. It provides an overview of these issues and recommends action items like reviewing insurance policies and working with professionals to implement tax reduction techniques. The attorney discusses legal documents like wills, trusts, and powers of attorney that are important for estate planning within the LGBT community.
Northeast Ohio Medical University - Series 2021BDigitalMuni LLC
This document provides information for investors regarding a proposed bond offering by Northeast Ohio Medical University. It includes a preliminary principal amount of $19.1 million for General Receipts Refunding Bonds, Series 2021B to refund outstanding 2011 bonds and achieve debt service savings. The bonds will be secured by the University's general receipts and have a final maturity in 2042. Historical general receipts for the University are provided, demonstrating revenues sufficient to cover projected debt service.
The document provides an overview of municipal bonds, including:
- It defines what a bond is and the main types of bonds.
- It describes the typical players involved in a bond deal, such as the issuer, bond counsel, financial advisor, underwriter, and trustee.
- It outlines common bond features like fixed vs. variable rates, call options, credit ratings, and pricing considerations.
- It also gives a high-level overview of the bond issuance process.
Financing Capital Investment Planning (Capital Budget) of Local GovernmentRavikant Joshi
PPT presented in Training of Trainers Workshops on Strengthening The Financial Foundation of Local Government Based on Local Government Financial Management Series of UN-HABITAT during June 4- 15 2007 - Nadi, Fiji
Alternatives for a Distressed Company in Apparel and RetailExpert Webcast
This presentation covers the process of bidding for, financing and acquiring distressed companies in the Apparel and Retail space is competitive and complex. The panel will addressed the strategies and tips for success from the perspectives of an investment banker, a deal and bankruptcy lawyer, a turnaround executive, a lender and a tax accountant.
This document summarizes a panel discussion on alternatives for distressed companies in the apparel and retail industry. The panelists discussed common mistakes retailers make that lead to distress, various transaction structures companies can pursue including Chapter 11 and assignments for the benefit of creditors, and recent legal developments impacting distressed transactions. They also provided case studies of distressed apparel and retail companies in Southern California that underwent different restructuring processes.
Alternatives for a Distressed Company in Apparel and RetailExpert Webcast
The process of bidding for, financing and acquiring distressed companies in the Apparel and Retail space is competitive and complex. This presentation addresses the strategies and tips for success from the perspectives of an investment banker, a deal and bankruptcy lawyer, a turnaround executive, a lender and a tax accountant.
Pyatt Broadmark Real Estate Fund I Presentation Oct 2015Alan Chu
This document provides an overview of the Pyatt Broadmark Real Estate Lending Fund I (PBRELF I). PBRELF I invests in short-term, first lien loans secured by real estate projects in the Pacific Northwest. The goal is to provide high-yield returns while minimizing risk. PBRELF I has $136.4 million in assets under management. It offers diversification, consistent performance, and monthly distributions to investors.
Johnson Capital is a large, privately owned real estate finance company headquartered in Irvine, California with 17 offices nationwide. They provide permanent, bridge, mezzanine, and structured financing from $1 million to over $300 million for all property types. In 2008, they closed over $1 billion in transactions. They operate business lines in multifamily lending, life insurance, servicing, and special situations financing.
The document summarizes a presentation about establishing a public bank in Philadelphia using existing government funds. It discusses how Comprehensive Annual Financial Reports show all government assets and accumulated wealth, not just annual budgets. Currently, Philadelphia raises money through taxes, investments, and issuing bonds at interest rates of 2-5%. The presentation argues the city could create credit itself and receive dividends from a public bank. It provides an example of North Dakota's public bank. The document reviews Philadelphia's pension fund investments and risks, including foreign currency exposure and securities lending. It questions the safety and prudence of hedge fund investments, which often underperform with high fees.
Nationwide buyer of non-performing mortgages,
focused on low balance and “issue” loans.
U.S. market of over $300B in underwater mortgages, with concentrations in low- to- moderate income communities.
2,000+ loans acquired since 2011, averaging over 20% gross returns.
Low Income Housing Tax Credit Funds Investment Opportunities For BanksRod Medallion
This document discusses low-income housing tax credit funds as investment opportunities for banks. It provides biographies of speakers at an event on this topic, including the Comptroller of the Currency, representatives from the OCC, CAHEC, and Ernst & Young. The presentation covers how housing tax credits differ from tax deductions, reasons to invest in housing tax credits, typical housing tax credit investors, methods of fund investing, benefits of fund investing, CAHEC's funds and portfolio, how to evaluate fund managers and funds, how housing tax credits are calculated, and underwriting and pricing considerations.
This document provides information about credit, credit reports, credit scores, and maintaining good credit. It defines credit and explains how credit reports and FICO credit scores are calculated. Key factors that influence credit scores are payment history, amount of debt, credit history length, recent credit applications, and credit mix. The document advises paying bills on time, keeping balances low, and carefully managing credit accounts to maintain good credit over time.
This document provides information about credit, credit reports, credit scores, and maintaining good credit. It defines credit and explains how credit reports and FICO credit scores are calculated. Key factors that influence credit scores are payment history, amount of debt, credit history length, recent credit applications, and credit mix. The document advises paying bills on time, keeping balances low, and carefully managing credit applications and accounts to maintain good credit over time.
This document provides an overview of HawsGoodwin Investment Management's wealth management process and philosophy. It discusses the benefits of a disciplined, globally diversified approach that incorporates asset allocation, rebalancing, tax management strategies, and minimizing behavioral biases. The goal is to help clients preserve their lifestyle in changing markets by avoiding unnecessary risks and losses through an ongoing process of wealth planning, estate planning, investment planning, and portfolio monitoring.
Pershing Square Capital Management analyzes trends in the credit markets that have led to increased risk. Relaxed lending standards, financial innovation like interest-only loans, and demand from CDOs have fueled growth in subprime mortgages and leveraged lending. However, this has created moral hazard as originators are paid upfront and rating agencies are conflicted. If credit conditions turn, substantial losses could impair bond insurers like MBIA and Ambac who have significant exposure to subprime mortgages and mezzanine CDOs through guarantees on senior tranches. Minimal losses could eliminate MBIA's excess capital.
Similar to Declining Markets- What Can You Do? (20)
P3 partnerships can provide benefits to the public sector. Direct benefits include increased tax revenue from sales, property, fees, and jobs. Indirect benefits are community amenities, improved quality of life, activity centers, and induced surrounding development.
The public sector should avoid PPPs if objectives are undefined, unwilling to invest time and resources to completion, or wanting a quick solution.
The private sector should avoid PPPs where there is a lack of trust, significant political turmoil, hidden agendas, unwillingness to focus on goals over issues, lack of political will, or unreasonable expectations.
Six keys to successful PPPs are a supportive statutory and political environment, an organized public sector structure, a
This document provides instructions for evaluating marketing elements on a scale of 1-10 using a bridge diagram. Users are told to write each element in the arch's shadow and then grade it from 1-10 in the arch. Elements graded less than an 8 need improvement.
Hersh Marketing provides advertising services. Their website is www.hershmarketing.com. The company recommends strategizing before advertising to make campaigns more effective.
This document provides a formula for calculating an annual advertising budget in 3 steps:
1. Calculate 10-12% of projected annual gross sales to determine a minimum and maximum budget.
2. Adjust the budget amount based on the company's average percentage markup.
3. Deduct annual rent or mortgage payments from the adjusted budget to determine the optimal advertising budget.
Securing Central Florida's Economic ProsperityErin Schmidt
This document summarizes a presentation about commuter rail and redevelopment in central Florida. It discusses how central Florida markets are individually small but could gain economic competitiveness through regionalism and transportation investments. Specifically, it promotes high speed rail connecting Tampa and Orlando, SunRail in Orlando, and Tampa Bay Area Rapid Transit Authority's master plan. These transportation connections across central Florida regions could create a "SuperRegion" and secure the area's economic prosperity through jobs, reduced congestion, and a more livable and sustainable community.
Securing Central Florida's Economic ProsperityErin Schmidt
This document summarizes a presentation about commuter rail and redevelopment in central Florida. It discusses how central Florida markets are individually small but could gain economic competitiveness through regionalism and transportation investments. Specifically, it promotes high speed rail connecting Tampa and Orlando, SunRail in Orlando, and Tampa Bay Area Regional Transit Authority's master plan. These transportation connections across central Florida regions could create a "SuperRegion" and secure the area's economic prosperity through jobs, connectivity, and becoming one of the largest economies in the US.
The document discusses opportunities and resources for small business owners in St. Petersburg, Florida provided by the local government and Business Assistance Center. It outlines programs that provide counseling, training, workshops, and partnerships with local colleges and public schools. The Business Assistance Center focuses on supporting small businesses through services, grants, internships with Eckerd College students, and collaboration with other city departments and organizations.
The Economics of Commuter Rail TransitErin Schmidt
Central Florida was hit hard by job losses during the recession, losing over 250,000 jobs between 2007-2010. Commuter rail could help stimulate recovery by linking Orlando and Tampa, generating construction jobs and permanent employment near stations. Case studies show commuter rail stations often spur mixed-use transit-oriented development, with government support. Commuter rail linking the large combined metro areas of Orlando, Tampa, and Lakeland could similarly generate jobs and development near stations, helping the region's recovery, as all of the top 10 largest U.S. metro areas have passenger rail.
Commuter Rail and Redevelopment by Chris JonesErin Schmidt
The document summarizes a commuter rail and redevelopment conference in 2010 that covered topics like high speed rail, the SunRail commuter rail system, light rail projects, and the economic development potential of rail systems. It introduces four speakers: David Rivera who would discuss Florida high speed rail, Craig Ustler on the Sunrail system, Ray Chiaramonte on light rail and transit projects in the Tampa area, and Chris Jones on the economic impacts of rail.
Commuter Rail and Redevelopment by Craig UstlerErin Schmidt
The document discusses transit oriented development and redevelopment opportunities around the Creative Village site in Orlando, Florida. It summarizes the history of plans for the site and introduces the joint venture partnership between Creative Village Development, LLC and Banc of America Community Development Corporation to redevelop the area. The presentation outlines the partners' experience with urban infill, mixed-use, and transit oriented development projects. It envisions the redevelopment of Creative Village as a high quality, new urban neighborhood supporting diverse housing, education, work, and recreation to benefit the surrounding Parramore community.
Delray Beach CRA Economic Development IncentivesErin Schmidt
The Delray Beach CRA provides several economic development incentives to encourage business growth, including:
1) A Site Development Assistance Program that provides partial reimbursement for exterior commercial property improvements upon completion of projects.
2) A Business Development Assistance Program that offers 12 months of rent assistance for new businesses in eligible areas, requiring 2 full-time job positions.
3) A Job Creation Bonus Program that provides cash incentives for businesses creating at least 5 new qualifying jobs over 5 years, paying 115% of the area median income.
How the Space Coast is Preparing for ChangeErin Schmidt
The document discusses how the Kennedy Space Center is preparing for changes following the retirement of the Space Shuttle program. It summarizes the current economic landscape and workforce demographics of the region. It then outlines NASA's long term goals in space exploration and describes partnerships being formed both internally and externally to mitigate job losses and support economic diversification in the region. Best practices discussed include utilizing existing resources, consistent communication, and capitalizing on the interest in the space program.
This document provides an overview of services offered by the Florida Redevelopment Association (FRA) including technical assistance, resources for members, professional development and certification programs, partnerships, communications services, and public relations and marketing support. Key activities in 2010 included amendments to bylaws and committees, growing social media presence, regional meetings, legal inquiries, and conferences held with partner organizations. The FRA also launched a new website to facilitate information sharing and networking among members.
CRA's: Communities Working Together Part 2Erin Schmidt
This document provides an overview of community redevelopment agencies (CRAs) including how they are created, their purpose and powers, best practices, and requirements around transparency, ethics, and public participation. It discusses how CRAs work to redevelop areas and partner with the private sector using tax increment financing to fund projects outlined in a redevelopment plan. The document emphasizes the importance of community involvement, strong leadership, and accountability.
This document provides an overview of Community Redevelopment Agencies (CRAs) including their purpose of redeveloping blighted areas, how they are funded through tax increment financing, what activities CRAs can and cannot fund, best practices for CRA leadership, and requirements under Florida law. The key points are that CRAs work to redevelop areas and eliminate slums/blight according to a redevelopment plan, are funded through increased property tax values over time, and must spend funds on projects within the designated area and outlined in the redevelopment plan.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
5. Step Two
Financing Tools
Tax Increment Financing (“Traditional TIFs”)
City ‐ County – Governmental upfront and/or backup
support
Special Assessment District option
Community Development District option
Pooled Loan Programs
Build America Bonds
7. Step Three
Best Practices & Implementation
Form a team to conduct initial analysis and project
financing plan
Financial advisory
Legal
Grant writers & design consultants
Funding sources
City/County key supporters
Feasibility consultant‐ phasing
Community benefits
9. This document and any other materials accompanying this document (collectively, the “Materials”) are provided for your information. By accepting any
Materials, the recipient acknowledges and agrees to the matters set forth below.
The Materials are not an offer to sell or a solicitation of an offer to buy, or a recommendation or commitment for any transaction involving the securities
or financial products named or described therein, and are not intended as investment advice or as a confirmation of any transaction. Externally
sourced information contained in the Materials has been obtained or derived from sources we believe to be reliable, but Wells Fargo Securities makes
no representation or warranty, express or implied, with respect thereto, and does not represent or guarantee that such information is accurate or
complete. Such information is subject to change without notice and Wells Fargo Securities accepts no responsibility to update or keep it current.
Wells Fargo Securities does not assume or accept any liability for any loss which may result from reliance thereon. Wells Fargo Securities and/or one
or more of its affiliates may provide advice or may from time to time have proprietary positions in, or trade as principal in, any securities or other
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Any opinions or estimates contained in the Materials represent the judgment of Wells Fargo Securities at this time, and are subject to change without
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To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in the Materials is not intended or written to
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Wells Fargo Securities is the trade name for certain capital markets and investment banking services of Wells Fargo & Company and its subsidiaries,
including Wells Fargo Securities, LLC, member NYSE, FINRA, and SIPC and Wells Fargo Bank, National Association.
11. Capital Markets or Direct Placement?
(A.K.A. Bonds or Bank Loans)
Upfront costs
Offering documents
Ratings
Insurance or other credit enhancement
Term and size of project
Timing
12. Bank Loan Specifics
Bank Qualified and Non‐Bank Qualified
Tax advantages
Rates
Swaps and make‐whole calls
Term
Gross‐up provisions
Relationships
18. Term of Debt Tax‐Exempt Example
“A” Rated‐ Amortizing
Ten Year Bank Note Thirty Year Insured
(BQ) Bond Issue
Amount $10 Million $10 Million
Average Coupon 3.43% 5.50%
Rate
Average Annual
Debt Service $ 1,198,175 $688,054
Hypothetical
19. FMLC Pooled Loan Program
New Program Structure
Fixed rate
Insured
Terms up to 30 years
Flexible debt service structures
Covenant to budget and appropriate security pledge
or other specified revenue source
Loan amounts greater than $1 million
No cross‐collateralization among borrowers
October, 1 2010
Florida League of Cities, Inc.
Wells Fargo Securities
20. FMLC Pooled Loan Program‐
Program Overview (Cont’d)
Fully dedicated, long‐term, fixed‐rate pooled loan program
Nineteen series of bonds issued totaling approximately $771
million
Loans to 57 different Florida entities
A total of 101 loans outstanding
Twenty‐one repeat borrowers
Administered by the Florida League of Cities, Inc.
October, 1 2010
Florida League of Cities, Inc.
Wells Fargo Securities
23. Contacts
Dr. James Baugh
Jebassoc@msn.com
(561) 889‐3790
Jeff Larson
Jlarson@larsonconsults.com
(407) 496‐1597
David Thornton
David.thornton@wellsfargo.com
(727) 953‐1074
24. BIOGRAPHY James E. Baugh, Ph.D.
Dr. James E. Baugh is the President/CEO of JEB & Associates, Inc.--a housing development and
management consulting business based in Reston, VA. His professional career as an educator,
researcher, administrator, planner, developer and leader spans close to 30 years. He has
packaged into his company over twenty-five years of experience in housing, financial
management, and community development. Moreover, it is the unique blend of public and
private sector experiences that has enhanced his capacity to perform at a quality level and
successfully manage comprehensive revitalization programs as well as large complex
organizations.
Dr. Baugh, appointed by former president Ronald Reagan, is the former Assistant Secretary for
the U.S. Department of Housing and Urban Development (HUD). He spent more than eight
years as a high-ranking official in the Office of Public and Indian Housing managing a $15
billion budget and over 2,000 employees. During his HUD tenure, he provided exceptional
leadership to our Nation’s public and low-income housing debate allowing agencies to now
operate under management standards he helped to implement. Among his accomplishments, and
a favorite of public housing authorities, is the $3 billion Comprehensive Grant Program, which
provides for a formula allocation of funds that can be used for a variety of physical
improvements based on their own priorities.
In 1992, he served as the Policy Consultant to the National Commission on Severely Distressed
Public Housing. His input into the Commission’s report to the U.S. Congress caused legislation
to be authorized and funds appropriated to HUD for the $3 billion Urban Revitalization
Demonstration Program (later named HOPE VI). He continues to serve as a consultant to
housing and community development corporations, “New Urbanism planners, architects,
environmental companies, faith-based organizations, and to cities whose downtown area, public
buildings and neighborhoods have undergone noticeable deterioration and need a qualified
planning consultant or team which possess a demonstrable level of creative and fiscal ability
with which to assist in achieving consensus on a series of realizable projects. Dr. Baugh is listed
in Outstanding Young Men of America; Who’s Who in America; Who’s Who Among Black
Americans; Men of Achievement; Community Leaders in America; and Outstanding Educators
of America.
Dr. Baugh’s most recent large undertaking was the redevelopment of 858 acres, of which 1.5
miles are beachfront, with a projected assessed value of $2.5 billion after build-out. The City of
Riviera Beach, FL called on Dr. Baugh’s expertise and capacity to spearhead the redevelopment
effort as the Executive Director of the Community Redevelopment Agency, manage the staff and
developers involved with the project, attract investors and generate $150 million in grants, $500
million in public financing and a $1 billion investment from the private sector for the complex
redevelopment program. As a result of his leadership in Riviera Beach, several projects were
developed that included a Winn-Dixie grocery store, Homeland Security Building, and a 500 unit
condominium complex on the inter-coastal waterway. Further, Dr. Baugh has served as a
consultant to CRAs located in Homestead, FL, Dania Beach, FL, Greenville, NC, Lima, OH,
Asbury Park, NJ, Pontiac, MI, and Detroit, MI. Additionally, Dr. Baugh and his associates
continue to partner with several development groups to develop mixed-use (housing/commercial
retail) in communities throughout the United States.
25.
26. Jeffrey T. Larson
President, LARSON Consulting Services, LLC.
10151 University Blvd., #117, Orlando, FL 32817
Tel: 407.496.1597 Fax: 407.542.3791 | jlarson@larsonconsults.com
Based in Orlando, Mr. Larson manages Larson Consulting Services’ financial advisory, investments support,
project and economic development consulting practices. He has served a wide range of both public and
private sector clients in Florida, the Southeast, and across the country for over 27 years. Larson Consulting
was established to provide a high level of value added client support for project development, financings, and
refunding/ debt restructurings, and is busy on a number of engagements. The financial markets have changed
significantly, and the old way of doing business does not exist. Project development, investments oversight,
financings and refundings all require skill sets that transcend both the public and private sectors. Larson
Consulting brings a demonstrated track record to all of its engagements, and each one requires a special
approach and private management.
Prior to establishing Larson Consulting, Jeff managed D.A. Davidson’s Southeast Regional Investment Banking
office. During his career, Mr. Larson has successfully closed a wide range of municipal project finance and
corporate financings totaling over $5 billion. Florida projects have ranged from negotiating and structuring
transportation/road improvement programs, higher education project financings, multiple utility financings,
extensive water and wastewater capital expansions, economic development initiatives, utility enterprise
restructurings, downtown redevelopment, debt and lease purchase private placements, to a $400 Million
Sensitive Lands/Parks G.O. Financing Program, public/private partnership project finance issues, a
competitively bid Medium Term Note Program, CDD’s, and a $240 Million University / Developer Project
financing. He has served either as an Investment Banker, Project Consultant or Financial Advisor to clients
such as:
• CITY OF LEESBURG • CITY OF DELTONA • CITY OF TAMARAC
• UNIVERSITY OF CENTRAL FLORIDA • LEARNING GATE CHARTER • CITY OF WINTER PARK
• ST. LUCIE COUNTY • HILLSBOROUGH COUNTY HFA • ORLANDO CRA
• BROWARD COUNTY • CITY OF WINTER HAVEN • NASSAU COUNTY (Chandler’s Meadow)
• ST. ANDREWS PLANTATION • OKEECHOBEE UTILITY AUTHORITY • FLORIDA ATLANTIC UNIVERSITY
• NOVA UNIV. (MIAMI DOLPHINS) • CITY OF ORLANDO • INDIAN RIVER COUNTY
• CITY OF PALATKA • CITY OF STUART • CITY OF ORANGE CITY
• CITY OF PORT ST. LUCIE • CITY OF STARKE • CITY OF PUNTA GORDA
• CITY OF FORT MEADE • ST. EDWARD’S SCHOOL • CITY OF SEBASTIAN
• PALM BAY ACADEMY • GROUP ONE CONSULTANTS • CITY OF NAPLES
• CITY OF MINNEOLA • CITY OF FORT PIERCE • AMERICAN LEISURE GROUP
• KUA • CITY OF WINTER SPRINGS • J&J HOMES
• CONCORDE ESTATES CDD • ANTHEM PARK CDD • GOAA
• D R HORTON • LEARNING GATE CHARTER SCHOOL • SCULPTOR CHARTER SCHOOL
• TAMPA BAY SPORTS AUTHORITY • LIFESTREAM BEHAVIORAL • CITY OF CAPE CORAL
27. Jeffrey T. Larson
President, LARSON Consulting Services, LLC. P a g e | 2
Prior to joining D.A. Davidson, Mr. Larson was with Kirkpatrick Pettis, Smith Polian, Inc., Stifel
Nicolaus/Hanifen Imhoff and SunTrust Capital Markets in Orlando, Florida. Prior to that, he spent ten years
with C & S/Sovran in Atlanta and Barclays Bank PLC in Atlanta and San Francisco as a corporate finance, large
corporate/Fortune 500, and Middle Market Banker.
Mr. Larson received his MBA degree on an academic scholarship from Emory University, Atlanta, Georgia, in
1982. As part of his MBA graduate work, Mr. Larson worked, studied and taught in Germany and Austria and
was a Fulbright Scholar at the Johannes Kepler University in Linz, Austria. He received an A.B. in Business
Administration with honors from Franklin & Marshall College, Lancaster, PA. Mr. Larson’s professional
licenses with the State of Florida, FINRA, include a Series 7, Series 63, Series 24, Series 53, and Series 8
licenses.
Jeff is a frequent speaker at industry conferences including the annual FGFOA Conference, Florida City County
Manager’s Annual Conference, Florida Bond Buyer, FICPA, Florida Redevelopment Association, Florida Bar
Association, Florida League of Cities, Ernst & Young Professional Development Conference, Regional FGFOA
Chapter meetings and Career Seminars, Smith’s National Investor Conference, Annual FGFOA Institute
(School of Governmental Finance) and Special District conferences on topics ranging from “The Bond Issuance
Process”, “Innovations in Debt Financing”, “How to prepare For A Rating Agency/Bond Insurer Presentation”,
“Industrial Development”, “Investment Market Update and Approaches”, “Introduction to Debt
Management”, “Effective Debt Policies”, “Utility Acquisition Financing”, “Planning and Capital Financing”,
“Florida Municipal Bonds From An Investor’s Perspective”, “Negotiated Versus Competitive Bond Issues”,
“Investment Alternatives”, “Public‐Private Partnership Financings”, “Economic Developing – Financing
Tools”, and “Continuing Disclosure to SEC Enforcement/MSRB”. Jeff has also served as a member of the
FGFOA Annual Conference Program Committee for a number of years.
Larson Consulting’s Team of Professionals provide financing solutions for many types of clients in Florida, the
Southeast, and across the country. We specialize in a number of practices in which we have significant
expertise. Our primary areas of focus include the following:
• Infrastructure Financings • Workforce Housing
• Special Districts and Land • Project Financings
Development • Utility Financings
• Higher Education • Public Private Partnerships
• Resort Communities • School Districts
• Housing Agencies • Project Consulting Services
• CRA & TIF Improvement Districts • Lease‐Purchase Financings
• Tribal Finance • Internet‐Based Public Sales
• Healthcare Finance • Alternative Energy
• Charter Schools • Rural Water
• Growth Management and Capital • State Governments
Planning • Utility Acquisition Analysis
• Developer Project Negotiations • Refundings and Restructurings
• Arbitrage Support
28. BIOGRAPHY David Thornton
Managing Director, Wells Fargo
Mr. Thornton joined Wells Fargo Securities in July 2008 after more than 21 years with
other Florida investment banking firms. He has managerial responsibility for Wells
Fargo’s Florida public finance operations and maintains primary responsibility for a
number of accounts including the Florida Governmental Utility Authority, the Florida
Municipal Loan Council, the City of Clearwater, the City of Tampa, JEA and the City of
Jacksonville, among others. He also provides general banking support on a number of
other significant accounts including but not limited to Citizen’s Property Insurance
Corporation, Miami-Dade County, and the Florida Hurricane Catastrophe Fund.
In December of 2009 Mr. Thornton served as senior manager for the underwriting of a
large, non-rated tax allocation bond for the City of Atlanta and also for the City of
Pensacola, Redevelopment Revenue Bonds, Series 2009A and 2009B (Federally Taxable
– Build America Bonds). In April of 2010, he was a member of the underwriting team
for the City of Orlando, Community Redevelopment Agency, Tax Increment Revenue
Bonds, Series 2010A (Downtown District) and Series 2010B (Downtown District –
Direct Subsidy Build America Bonds). A number of the loans made under the Florida
Municipal Loan Program have been for Community Redevelopment projects.
Mr. Thornton maintains Series 7, Series 63, Series 53, Series 24, and Series 79 licenses.