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Understanding the different types of commercial lenders

There are different types of commercial lenders who will loan you money for your projects. The type of lender you use will depend on several factors: property type, LTV, amortization, resource, interest rates, closing time, and other factors.

Let’s take a look at the top commercial lenders on the market.

Led Lenders

These CMBS (Commercial Mortgage Backed Securities) are long-term, fixed-rate financing that is generally permanent and non-recourse.

Portfolio lenders
Banks or Savings and Loans

They have shorter terms (3-5 years) with fixed or variable rates. They are generally for permanent and construction financing and are full recourse.

Credit companies

They offer long or short term financing with a fixed or variable rate. As well as permanent and under construction.

Life companies

These commercial lenders are institutional quality with long-term, fixed-rate financing. Typically, the loans are permanent and non-recourse.

Government sponsored company (GSE)
Fannie Mae / DUS and Freddie Mac

Fannie Mae and Freddie Mac are purchase loans from commercial lenders. Rates for multi-family apartments over 5 years are comparable to CMBS loans, but are properties that would not otherwise qualify.

FHA HUD 223 (f)

FHA loans are backed by the United States government. They offer higher LTVs and better terms and rates on multi-family apartments of 5+ units for properties that would not otherwise qualify.

Small Business Administration (SBA)

Backed by the US government, these are loans for owner-occupied properties greater than 51%.

Non-bank lenders

These types of loans are also known as declared income, low or no doc, private and hard money. These loans are more flexible with quick closings (great if you are struggling with financing). But they also tend to have higher interest rates and participation or back-end fees.

According to the Mortgage Bankers Association of America, about 20% of commercial mortgage loans made in the US are made through conduits, 20% are made with commercial banks, 20% are made to insurance companies. of life, 13% with Fannie Mae and 8% with the FHA. . The top commercial / multifamily creators in 2005 were:

  • Wachovia for commercial banks / savings institutions and conduits
  • Capmark Financial Group for Freddie Mac and FHA / Ginnie Mae
  • MetLife for Life Insurance Companies
  • Deutsche Bank Berkshire for Fannie Mae
  • TIAA-CREF for pension funds
  • Cohen Financial for Business Credit
  • Key bank for REITS, mortgage REITs, mutual funds and other investors
  • Tremont Realty Capital, LLC for specialized finance companies

In general, there are basically two types of commercial lenders on the market: those who keep the loan in balance (portfolio lenders) and those who sell the loan on the secondary market (conduit lenders). The secondary market represents Wall Street funds, also known as commercial mortgage-backed securities (CMBS).

A portfolio lender makes its profit on margin or margin above the interest rate index. A conduit lender makes its profits based on the difference in what the bond can sell on Wall Street and the value of the sum of all the loans in the pool. That’s the main reason conduit lenders can price a commercial home loan more aggressively than a portfolio lender.

So which lender is the best for you?

Well, that depends. It really depends on your project and investment strategy. So ask yourself some questions:

  1. Is this a development project or is it fully developed?
  2. What are your short-term and long-term plans for the property?
  3. What are your interest rate needs?
  4. As you build capital, will you want to refinance?

Portfolio loans have fixed-rate structures, such as full-amortization, no-call, or balloon loans tied to a historically stable long-term index. Portfolio loans can better meet the needs of rehabilitation or development projects.

Conduit loans are good for properties that are stable with good tenants (such as NNN properties). They offer low, fixed rates with long amortization and are without recourse. While both portfolio and conduit lenders may have a period of lock-in and performance maintenance, conduit loans also have cancellation issues if the loan is refinanced. This is because if the loan is rolled over, you are withdrawing the loan from the pool of loans that backs the bond, thus changing the risk structure of the bond. As such, the borrower has to pay for another bond with a similar risk, yield, duration, and payment priority to be placed in place of his loan. The conduits also do not allow secondary financing and have high prepayment penalties. Conduit lenders are not known for being quick, typically taking 4-6 months to close.

Generally, regardless of the size of the loan, the fees to make the loan (closing and third-party costs) are the same for portfolio and conduit lenders.

Because there are so many different factors when looking for a commercial lender, it really pays to have a good commercial mortgage broker on your team, who can give you the knowledge you need to find the best lender for you.

Investing Basics: Stocks, Mutual Funds, Real Estate, and Online Investing

Have you ever thought about investing? Do you have a family that you would like to care for? Are you interested in the idea of ​​making money from stocks, bonds, mutual funds, and real estate?

Investing is essential to earn money. Whether it’s equity investments, online investments, real estate investments, financial investments, bond investments, mutual fund investments. All are essential to help ensure your finances and financial stability for you and your family. If you are interested in investing, keep reading about ways to make money. We will briefly discuss the concepts of investing with stocks and mutual funds, investing in real estate, and investing online.

Investing in stocks and mutual funds

The stock market is a great place to make money. If you intend to invest with stocks and mutual funds, we strongly recommend that you first research the companies you want to invest in. Although the stock market is a great place to make money, it also involves a degree of risk.

Real estate investment

Investing in real estate is safer than in the stock market. Many people buy houses that need remodeling and can make a lot of money repairing and selling them. Keep in mind that it is not as simple as buying a house, painting it, and then selling it. There are many factors to consider before trying to invest in real estate.

Online investment

Another fast growing form of investment is through online trading. Traders have the ability to research, buy and sell and make money on their investments, all with the simplicity of sitting in front of a computer. It’s amazing how easily you can work your finances online and earn money without ever leaving your home!

If you plan to invest, be sure to educate yourself on the market or media you want to continue on. Whether it’s investing with stocks, investing with mutual funds, investing in real estate, or investing online, do your research and earn some money! If you are looking for a resource to help you invest, you can visit our website for extensive information on investing and how to make money.

Converting your carport to a garage can increase your home’s value

All other things being equal, converting your carport to a garage can increase your home’s value. A carport is better than no garage, a single car garage is better than a carport, and a double garage is better than a single garage. However, you really must be familiar with the houses in the area and whether your house is comparable to other houses except for the carport.

And before deciding whether to install a garage, you must first find out whether other comparable homes in the neighborhood have a one-car or two-car garage. If other comparable homes in the area have a garage, then your home should have a garage. If you are installing a two-car garage, make it a real two-car garage, and not a garage for a scooter and an ATV.

Converting your carport into a garage can cost you anywhere from $ 15,000 to $ 50,000, so you really need to know what other comparable homes go for to know how much to spend on your carport conversion. You should also have a home appraisal to know the difference in value between your home and other comparable homes in the area.

Since the conversion will be quite a large investment, you really need to be sure that you will be in the house long enough to recoup your investment. That is the general rule of thumb for any other home improvement you can do. After all, there is no point in investing money in your home if you are not going to recoup the investment.

If you invest $ 50,000 in your garage, you are not likely to get that much money back in the short term, if at all. However, if other comparable homes in the area sell for $ 20,000 more than the appraisal you receive for your home with covered parking, then investing $ 15,000 in a garage is not such a bad idea after all.

If you decide to turn your carport into a garage, be sure to advertise other types of storage space on your shelves. When people look at garages, they aren’t just looking for a place to store and protect their car. They also look for a place where they can work and store things like tools, garden equipment, etc.

Adding shelves and other types of storage space will make your garage that much more attractive. However, if you start adding insulation, heating, and cooling, you may well exceed your budget. It all depends on how much you are willing to spend on your garage and how much you are planning to get back when you sell.

If you get carried away, you will be spending much more than you had planned to spend, so you must stick to your budget. You may have to wait five or ten years, or maybe even longer, to start recovering your investment. If you are looking to sell right away, then you need to be conservative about how much money you spend converting a carport into a garage. The important thing is to know what your home would be worth with a garage instead of a carport.

Do you REALLY want to fix and flip houses?

Real estate investing and home swapping have become a hot topic on television and the media these days, but before you get caught up in the investment fervor, you need to provide honest answers to some serious questions.

First, are you willing to start spending much of your life involved in acquiring, repairing, and then transferring the properties you purchase? The real estate sector, much more than passive investments like stocks and bonds, is a practical experience. You have to search for potential properties, sometimes a lot of them, before you find the one you are looking for. After finding a profitable home, you will need to pay for the property. Do you have financing arranged? Then you have to repair it, which will involve doing it yourself if you want to get the maximum benefit. Then you have to turn it around, which involves showing the property and dealing with potential buyers.

Next, do you really enjoy the real estate game? That’s important, because instead of just buying Wall Street paper investments, you’ll be embarking on what is essentially a second job when you start buying real estate. If you don’t enjoy it, it will eventually be like working a job you hate, but you won’t be able to just quit and walk away. Once the process has started, you must either complete it or face some potentially disastrous results.

If you are married, are you absolutely sure that your spouse has bought your real estate investment dreams? This is a crucial question, because if you haven’t already, changing homes can be very difficult for a relationship. Make sure your communication channels are strong, because there will be a lot to talk about during the change process, and no matter how well you think they communicate, I can promise there will be disagreements. You can avoid many of those problems by having a serious discussion about the strategy you are about to undertake BEFORE you begin!

If you answered all these difficult but essential questions with an honest yes, you can safely begin the process of becoming a home flipper. You will have ups and downs, but there is also great satisfaction in making a profit from a project that you were personally involved in carrying out. It’s certainly not for everyone, but moving homes can be profitable and really enjoyable, if you approach the process in the right spirit.

Laminate flooring problems that you can fix yourself

Laminate flooring problems tend to be minimal and easy to correct.

Laminate floors, invented in Sweden by the Pergo Company in 1977, combine the best characteristics of natural and artificial floors. Made with wood products but not solid wood, it has a moisture resistant layer underneath and a photographic image of natural wood flooring on top, with a clear, hard finish. It rivals hardwood for beauty and elegance and compares to vinyl for durability and ease of maintenance.
 
Start with regular maintenance

Laminate flooring problems will be minimized with simple and regular cleaning. Start with a sweep, light vacuum, or dry mop to remove everyday dirt and dust. This will also keep the sand off the floor and prevent scratches from foot traffic. Put rugs inside the doors and ask people to remove their shoes at the door as much as possible.
 
Deeper cleaning

Common substances like mud or spilled food and drink are easy to clean up. Simply use a damp cloth and, if necessary, a homemade solution of ¼ cup vinegar and one liter of water, or if necessary, a few drops of dish soap or baby shampoo dissolved in warm water. You can use a commercial product made to clean laminate floors if you prefer. Then dry the floor with a soft cloth and do not leave standing water as it can cause problems (see below).
 
Paint, marker, and other harder-to-remove substances can usually be removed with alcohol or nail polish remover.
 
More serious laminate flooring problems

Other problems you may encounter include:
 
Beak. “Peaking” is a high point in a joint where two adjacent panels push against each other, caused by a lack of expansion space between the floor and the wall. You can correct this by removing the plinth from the wall parallel to the lengthwise direction of the planks, trimming the edge of the flooring, and replacing the plinth. The spike should dissipate over time, more quickly if you put a weight on it.
 
Buckling or deformation. This is a convex or concave curvature of the planks, usually caused by excess moisture, either moisture rising from the subfloor, lack of a sufficient moisture barrier, and / or high humidity in the room. Another common cause is using too much water to clean the floor, which can be easily avoided by following the cleaning guidelines above.
 
· Chipped. Chipping can indicate a poor quality floor or poor installation. Vacuuming laminate flooring with a vacuum equipped with a beater bar can also cause chips.
 
Other ways to avoid problems with laminate floors

Most laminate flooring manufacturers do not recommend using oil soaps to clean your floors, as citrus fruits tend to dull the surface. Never use anything abrasive to clean your laminate floors, such as cleaner, sandpaper, or steel wool. Never wax, polish, or try to renovate your floors.
 
More help

If your floors show any of the above issues (lack of shine, scuffs, cheap quality, poor installation), you can still make them look better. Even if you just want to make it easy to maintain your laminate floors regularly, a good quality floor restoration product should be your finishing touch.

Bitcoin basics

For someone unfamiliar with Bitcoin, the first question that comes to mind is: “What is Bitcoin?” And another common question that is often asked relates to the price of Bitcoin. It started with less than 10 cents per Bitcoin since its introduction in early 2009. It has risen steadily since then and has hovered around $ 4000 per Bitcoin recently. So in regards to the value of Bitcoin or the rate of Bitcoin, this is a most remarkable appreciation in value and it has created many, many millionaires in the last eight years.

The Bitcoin market is global and the citizens of China and Japan have been particularly active in buying it alongside other Asian countries. However, recently on the Bitcoin news, the Chinese government has tried to suppress its activity in that country. That action reduced the value of Bitcoin for a short time, but it soon rose again and is now close to its previous value.

The graph of the history of Bitcoin is very interesting. Its creator was an anonymous group of brilliant mathematicians (using the pseudonym Satoski Nakamoto) who designed it in 2008 to be “virtual gold” and released the first Bitcoin software in early 2009 during the height of the US economic crisis. They knew that to have lasting value, like gold, it had to have a finite supply. So by creating it, they limited the supply to 21 million Bitcoin.

Bitcoin mining refers to the process by which a new Bitcoin is created. With conventional currency, the government decides when and where to print and distribute it. With Bitcoin, “miners” use special software to solve complex mathematical problems and receive a certain amount of Bitcoin in return.

One question that arises then is whether Bitcoin mining is worth it. The answer is NO for the average person. Very sophisticated knowledge and a powerful computer system are required and this combination of factors makes it unattainable for the masses. This applies even more to bitcoin mining 2017 than in previous years.

Many wonder, who accepts Bitcoin? This question is asked in various ways, which stores accept bitcoins, what are the websites that accept bitcoins, what are some retailers that accept bitcoins, what are some places that accept bitcoins, and where can I spend bitcoins.

More and more companies are beginning to see the value of accepting cryptocurrencies as a valid payment option. Some of the top companies that do this are DISH network, Microsoft, Expedia, Shopify stores, Newegg, Payza, 2Pay4You, and others.

Ethereum is the strongest rival of Bitcoin in the cryptocurrency market and many are wondering about the question of Bitcoin versus Ethereum. Ethereum was created in mid-2015 and has gained some popularity, but it still lags far behind Bitcoin in use, acceptance, and value.

One question that often comes up relates to the Bitcoin scam. This author has a friend who made a purchase from a company that promised 1-2% growth per day. The company’s website did not include contact information and after a couple of months the website just disappeared one day and my friend lost all the money he had invested, which was several thousand dollars.

One has to know how to buy Bitcoins, how to buy Bitcoin, or how to buy Bitcoin with a credit card to get started. Coinbase is a very popular site to do this. Their rate is 3.75% and the purchase limit is $ 10,000 per day. This would probably be the easiest way to buy bitcoins.

Others would like to buy Bitcoin with a debit card. Coinbase also provides this service and has clear step-by-step instructions on how to proceed with your debit or credit card.

There are those who want to buy Bitcoin instantly. This can be done at Paxful, Inc. and can be done through W. Union or any credit / debit card.

Other common questions that come up are what is the best way to buy Bitcoins, the best way to get Bitcoins, or where to buy Bitcoins online. The easiest way is probably to buy it through a digital asset exchange like the Coinbase mentioned above. Opening an account with them is straightforward and once you link your bank account with them, you can buy and sell Bitcoin quite easily. This is most likely the best place to buy Bitcoins as well.

You have to know what a Bitcoin wallet is and how to use it. It is simply the Bitcoin equivalent of a bank account. It allows you to receive Bitcoins, store them, and send them to others. What it does is store a collection of Bitcoin privacy keys. It is usually encrypted with a password or protected against unauthorized access.

There are several types of digital wallets to choose from. A web wallet allows you to send, receive, and store Bitcoin through your web browser. Another type is a desktop wallet and here the wallet software is stored directly on your computer. There are also mobile wallets that are designed to be used by a mobile device.

One question that occasionally comes up is that of Bitcoin shares or how to buy Bitcoin shares. By far the most common way to proceed in this area is to buy Bitcoin outright and not your shares.

There is an entity called the Bitcoin Investment Trust, which is an investment fund designed to track the market flow of Bitcoin. However, some analysts call it a risky way to get involved in this market.

The Bitcoin USD exchange rate is a benchmark closely followed both on a daily and long-term basis for the past 8 years since its introduction into the global financial market. A popular company that receives the most current rate on Bitcoin valuation is XE. They show the valuation of Bitcoin to USD and also the full Bitcoin price chart, the Bitcoin stock chart, and the Bitcoin to USD chart. If you ask, “How much does a Bitcoin cost?” You will always know from its continuously updated charts.

Similar questions that arise in this area relate to bitcoin rate history, live bitcoin price chart, bitcoin to dollar exchange rate, bitcoin dollar chart, and bitcoin 5-year chart. The aforementioned website, xe, is also a good source for answers to these questions.

Regarding Bitcoin cash, that is. To get USD from the sale of Bitcoin, Bitwol is a company that allows you to do so. WikiHow is another company that will guide you through this process.

The projected value of Bitcoin is a topic that is often discussed. In January 2015, the price of a bitcoin was $ 215. It is currently hovering around $ 5000. This is a phenomenal increase and much more than most experts would have projected at the time. Currently, when reviewing the forecasts of experts from around the world, a common answer seems to be that the maximum value will be around $ 10,000 and one expert even projected a value that will reach $ 100,000.

7 tips to help you buy a new apartment

Buying an apartment is not a small business. So be sure to consider a few important things before making this decision. In this article, we will look at 7 tips that can help you make an informed decision and will not rip you off. Keep reading to know more.

1. New property

Newly built apartments are generally not in great demand. Therefore, the builders present many attractive offers and other benefits with the help of attracting buyers. So you can take advantage of tons of opportunities to negotiate prices.

In reality, builders are always looking for ways to maintain their sales volume. Some of the benefits you can enjoy include free parking, modular kitchen, discounted prices, etc.

It is better to prefer an apartment that comes with many necessary amenities. Even if you have to pay a little more for such a property, it is worth the additional money. Therefore, you may want to consider this point.

2. Rent

The location of the apartment is another important factor to consider before accepting an offer. Depending on the location, prices can vary significantly. After all, you get what you pay for.

What you should do is make the most of the existing economic situation and choose the floor that best suits your needs. If you are close to the city center that will be great as you won’t have to travel long distances to get to the city.

3. Offers and promotions

It’s not a good idea to search for free offers without taking your time. The important thing to consider is finding out if the deal is useful to you. There should be no hidden costs or likelihood of future liabilities.

4. Completion status

Although partially finished floors are available at low prices, we do not recommend that you choose them. Keep in mind that unfinished floors will cost you a lot of money as you will have a lot of work to do. Always look for projects that are already finished.

5. Purpose

Depending on your purpose, you should opt for the right type of flooring. For example, if you have a family of 4 or 5 children, you need a larger apartment to meet your housing requirements. On the other hand, if you need to rent one, don’t forget to know the market trends. So keeping the purpose of this purchase in mind is of the utmost importance.

6. Licenses and approvals

Be sure to check the documents to ensure that the relevant authorities have granted approval for the construction. Apart from this, you must be familiar with the credibility of the builder.

7. Cost

Lastly, you need to calculate the total cost by adding all the stationary charges, development fees, and service taxes, just to name a few. Often times, brokers or builders do not talk about other costs, except for the price of the property. Therefore, it is important to calculate the final cost before making the final decision.

In short, these are 7 tips that will help you buy the floor that best suits your needs.

Shopping 101: Tips for Buying Women’s Swimwear Online

Online shopping has been a trend for quite some time and recent studies have found that women shop online more often than men. Women have many things in mind to buy, from books to accessories, gadgets and, most of all, dresses. Since online shopping offers the best form of convenience, women regularly undergo this track. However, there are many female shoppers who are aware of the risks that online shopping can bring, especially now that it is very easy for opportunists to steal your identity using identity theft tools. This leads to access to personal information that can then be obtained by your credit card numbers.

Buying any item online takes research and enough knowledge to transact. Although there are many reputable and trustworthy online stores, there will still be some that will take your money. The idea of ​​buying swimwear online (according to them) is, quite simply, risky. Finding (and buying) bathing suits in a conventional store is hard enough. But when you can’t try to place something you like, you can end up wasting money.

If you want to buy swimwear online, here are some tips that can guide you in choosing the best options.

1. Do some research online about the product you will buy. If you have no idea what swimsuits you want to buy, check out Instagram, YouTube, and Pinterest. These social networks are extremely helpful in finding the right option for you. You can take a look at the accounts of your favorite celebrities, models and brands to help you choose the right type of swimsuit. Once you have a picture of the exact item you want to purchase, you can browse websites for availability, colors, style, and price.

2. Try to check the available sizes. Note that online merchants and brands have different size runs. As such, be sure to check out each designer’s size chart. Also, remember to check what size the online merchant is using. Finally, if you are not sure which size to purchase, please do not hesitate to contact customer service. They will be more than happy to help you find the right size for the swimsuit you are looking at. If you feel otherwise, you will end up wasting your money on an item that will never benefit you. This is something you should avoid.

3. Read the return policy of the online store. Each online store has a unique set of return policies. Some do not accept returns or exchanges. With the latter, you should be sure with your choice. Otherwise, you will be stuck with bathing suits that you cannot wear. If the store accepts returns, read the fine print. For example, some stores will only accept returns if the hygiene strip is still left intact. Other stores may accept your merchandise only if the item was improperly handled in the warehouse. It may seem unusual, but something as simple as reading the policies can keep you away from unnecessary spending habits.

4. Consider mixing and matching. Buying your bathing suit or any clothing online or at your favorite retail store can be challenging for many women simply because most people don’t have the perfect proportions. Most find this to be true, especially when it comes to curvy or plus-size fashion finds. One of the best ways to solve this dilemma is to buy a counterpart. You can mix and match different pieces to create your own unique style. Show your creativity by choosing stylish and modern combinations that will boost your confidence when wearing them.

Pantry Doors With Glass: What Kind Of Frosted Glass Is Best For Providing Darkness In The Pantry?

The kitchen is truly the heart of the home! More time is spent in the kitchen and dining room of a home than in any other area. It is the family gathering place where we not only share a meal, but also hang out and share our lives! Kitchen remodels are among the most popular types of remodeling. With the advancement of high-tech appliances, stunning counter surfaces, innovative faucets, lighting, and custom cabinetry, today’s modern kitchen has gone to a whole new level of customization!

A very important part of the kitchen is the pantry. Today’s redesigned kitchens will generally feature a nice walk in pantry, or at least a full-size pantry for easy access and a good amount of storage space. Everyone knows, the pantry is essential! When we walk into a kitchen, for example, when we buy a house, for example, or when we have ideas for a remodel, when we see a nice big kitchen pantry, we want it! Having enough space to keep things close at hand and well organized is a big part of having an efficient kitchen that we love to cook in.

But we don’t just want efficiency. We want pretty! And the pantry door is what our guests see! And we don’t just want pretty, we want UNIQUE! We want the pantry to complement and coordinate perfectly with our individual décor. There is no better way to add a custom touch to a pantry door than to have custom frosted glass. The glass creates an “open feel” and a contrasting surface to complement the others we see: granite or other counter surface, wood, perhaps stainless steel, complement the glass. So we know that glass is the best option to achieve an open and varied surface, BUT … we don’t want to be able to see INSIDE the pantry! Even with a well-kept pantry, we don’t want to see the cans or boxes and all the other goodies inside!

Solution? Etched glass, or also what is known as frosted glass.

They both mean the same thing, but did you know that there are several TYPES of engraving, which actually create various textures and effects?

There is sandblasted glass etching, acid etching, cream etching, ceramic frit, and of course there are also vinyl decals. All of these methods will provide a flat, white matte surface. The biggest difference comes with the SANDBLAST method, and that’s because sandblasting allows the artist to penetrate deeper into the glass, as the sand is sprayed through a hose with varying air pressure. Unlike the other methods and materials that only allow for “surface etching, sand acts as a carving tool, with the ability to create depth and shading, which are areas in the glass that fade and become transparent, creating a two-dimensional structure “. effect on design. The sandblasting nozzle is actually used as an artist brush and sculptors carving tool, as you would think of clay being carved with a metal tool. The sand actually melts the glass. When you run your fingers across the sandblasted surface, compared to acid etching or cream etching, you will not only be able to get ridges and edges of lines, or clumps and bumps, if the glass was 3D cut, but You will also notice a subtle difference in the actual surface of the glass will be slightly more porous and a brighter white than acid etching, for comparison.

Acid etching actually creates more “shine” in the etched finish. No “shading” can be done and the finish is not as bright white.

Cream etching is a technique most often used by the hobbyist for smaller items like wine glasses or other kitchen utensils. Creating a slightly whiter finish than acid etching, it also etches only the surface.

A ceramic frit is an enamel that is applied to glass with a large roller for full coverage applications or via a screen for screen printing applications. The design is made by placing a screen on a piece of glass and then pressing the ceramic frit, using a large squeegee, through the pores of the screen. After the frit is applied, the glass goes through an infrared oven to dry the frit and then through a tempering oven to permanently bake (glue) the frit to the glass. This method also creates a solid white finish.

In terms of maintenance, each method is quite durable. Everything can be cleaned with a soft cloth, using a typical glass cleaner. With acid or cream etching, you need to be a little extra careful not to scrub too hard while cleaning, but that’s rarely necessary.

The sandblasted surface is probably the most scratch resistant. Being a bit porous, it MAY absorb oils a little more deeply, but the oil can be removed with acetone. Using a soft white cloth, apply acetone to the cloth and rub. The surface is actually very tough … obviously permanent, and as long as you use a soft cloth, you can safely rub off any oil. To finish, follow up by spraying the entire area with glass cleaner and wipe clean. The only time the use of acetone is really necessary is if you put a little bit of butter or some other oil on someone’s hands, touching or rubbing the glass. Otherwise, sandblasted glass does not show dust and rarely needs cleaning.

Now for the GLASS THICKNESS: Most interior glass doors will come with 1/8 “thick tempered glass pre-installed. If glass inserts are ordered separately, 1/8” or 1 / 4 “. Both are tempered, they are essentially equally strong. Tempered glass is very difficult to break. The only really vulnerable places are the edges, which of course are already on the door frame. If the glass is ordered separately, Just be careful around the edges, don’t knock it against a counter or other hard object, where scratches on the door glass are not usually a problem.

Now let’s move on to the FUN PART! The frosted glass design! The best option to achieve the privacy you want, with a design at the LOWEST PRICE, is what is called A SOLID NEGATIVE FROST or ENGRAVED. With negative etching, the design elements are CLEAR GLASS and the BACKGROUND IS FROSTED for the dark. Line widths (for example for a border or pattern) should be no more than 1/8 “thick, although 1/4” is still adequate and will not allow true visibility unless the light is on and a person stands right on the glass, looking in!

With sandblasted glass, there is also the option of a 2D and 3D carved effect. These effects give the glass a truly handcrafted, higher quality look. Also known as “stage sandblasting”, the design will take on a completely different look in one of these techniques.

When it comes to buying a frosted glass pantry door, these effects cover most of what is available. Adding one to your kitchen will really create something fun and unique that you will be proud to display and enjoy every time it enters your pantry.

Pooled employer plans begin to enter the pension market

Leaders in the pension and retirement industry are beginning to offer “joint employer plans” (PEP) to small and medium-sized businesses that want to offer pension benefits to employees. The PEP is a new type of multiple employer plan (MEP), which must be administered by a “combined plan provider” (PPP).

A PEP is a new pension offer made possible by the SECURE Act of 2019, also known as Each Community Configuration for Retirement Enhancement. The Act amended the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to allow for the new pension option.

Under a pooled employer plan, small unrelated businesses can now offer defined contribution pension plans to employees by teaming up with other employers. PEP employer benefits can include lower fees, simplified administration, as well as easier reporting and compliance. The new plans are also expected to reduce the risk of litigation and fiduciary.

Top Investment Firms Offer PEP Plans in 2021

Pension and benefits industry leaders are at the forefront of offering new combined plans and services for employers. The first participants in the market are listed below.

• Fidelity Investments began offering the Fidelity Advantage 401 (k) combined employer plan on January 21, 2021. The program is initially limited to small businesses, defined as five to 50 employees, that previously did not offer any pension benefits. The size of the qualified employer is expected to increase over time. Fidelity will act as the combined plan provider, records manager, trustee, 3 (16) plan manager, and 3 (38) investment manager.

• Paychex, Inc. offers to serve as plan sponsor and formal plan administrator for PEPs targeting its 680,000 payroll clients. These small and medium-sized businesses can now leverage Paychex to handle setup, deployment, monitoring, enrollment, and other plan tasks. Mesirow Financial will act as the 3 (38) investment manager of PEP and Mid Atlantic Trust Company will act as trustee.

• Principal Financial Group ® announced in November 2020 that it offers Principal® EASE, a common employer plan that combines integrated retirement plan administration, customer service, and investment management capabilities. The service targets employers’ plans from start-up to $ 10 million in assets under management. National Benefit Services, LLC will act as third party administrator and Wilshire® as investment trustee.

• Aon plc launched its joint employer plan in January 2021 with two employers and is scheduled to add three additional clients through April. Voya Financial provides full service record keeping for all employers. Aon projects that most US employers will merge their traditional 401 (k) into joint employer plans over the next 10 years.

• NPPG, Inc., a retirement benefits and consulting company that works with 4,000 plan sponsors, announced in February 2021 that it is expanding its employer retirement plan offerings to include service as a bundled plan provider (PPP). . Your initial customer is Lockton Companies, LLC (Northeast Series) Pooled Employer Plan (PEP), EZ Flex 401 (k). NPPG will act as the provider of the combined plan (PPP) and 3 (16) Administrative Trustee.

Small employers weigh the benefits of PEPs

Only 55 percent of workers employed by small businesses (defined as 1-99 workers) have access to retirement benefits, according to the US Bureau of Labor Statistics.The SECURE Act offers small employers the following benefits:

• The provider of the combined plan is the sponsor of the plan and relieves the employer of significant fiduciary responsibility.

• Blended plan provider takes responsibility for audits, which can save employers $ 10,000 to $ 20,000 per year.

• Pension benefits can now be offered to employees who might not otherwise be able to save for retirement, thus improving employee satisfaction and retention.

Some employer groups are actively looking for new retirement plan options. One is the Michigan Small Business Association, with more than 28,000 small business members. SBAM is looking for bundled plan providers. The organization has issued three Requests for Proposal (RFP): one for eligible record holders, one for external administrators, and one for ERISA 3 trustees (16). The group hopes to offer a PEP to member companies later this year or early 2022.

Pooled Employer Plans Versus Multiple Employer Pension Plans

The employer group pension plan should not be confused with “multi-employer” pension plans, which are defined benefit plans that are created through one or more collective bargaining agreements (CBA) between employers and one or more employee organizations or unions. . Up to 10 million American workers participate in 1,400 multi-employer defined benefit pension plans.

Also separate from the common employer plan and the multiple employer plan is the “multiple employer pension plan” (MEPP). A “multiple employer” plan is a 401 (k) defined contribution plan maintained by more than one employer but without a collective bargaining agreement.