What is the Loan-to-Cost Ratio (LTC)?

The loan-to-cost ratio (LTC) measures the percentage of a property’s acquisition, rehab, and construction costs that’s financed by a loan. It is typically used for commercial mortgages, fix-and-flip loans, and construction loans. The LTC helps investors set budgets for their down payment and expected monthly payments and calculate potential profits. Loan-to-Cost Ratio (LTC) Formula Calculating…

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Source: https://fitsmallbusiness.com/what-is-the-loan-to-cost-ratio-ltc/


How to Calculate Loan-to-Value Ratio: The LTV Formula and How to Use It

The loan-to-value (LTV) ratio measures the percentage of a property’s value that’s being financed with a loan. Lenders typically set maximum LTV rates, which are often used by investors and homebuyers when budgeting for a project. The maximum LTV rates available to a borrower are based on the specific loan type, lender, as well as…

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Source: https://fitsmallbusiness.com/loan-to-value-ratio-ltv-formula-calculate/

NAFTA Tensions Erupt At Press Conference Announcing Talks Extended Until 2018

Foreign Affairs Minister Chrystia Freeland, U.S. Trade Representative Robert Lighthizer,  Mexico's Secretary of Economy Ildefonso Guajardo Villarreal speaks during the conclusion of the fourth round of negotiations for a new North American Free Trade Agreement in Washington on Oct. 17, 2017.

WASHINGTON – The NAFTA countries aren’t breaking up. But they are publicly bickering. They are delaying their next get-together date. And they appear to have agreed they won’t be resolving their differences by the end of this year.

The tensions at the negotiating table have exploded into public view.

U.S. Trade Representative Robert Lighthizer says NAFTA talks are being extended into 2018, and the next negotiating round is being pushed back almost three weeks in a tacit admission that negotiators aren’t going to meet their original deadline for a deal by year-end.

The proposals tabled at the latest round have revealed huge chasms in negotiating positions, on everything from dairy and autos to even the basic architecture of an agreement — and the tone of Tuesday’s news conference made clear the talks have turned downright frosty.

Lighthizer said other countries are struggling to accept the reality that the U.S. wants to rebalance its trade agreements. He said other countries and industries must stop counting on easy export access to the U.S. market.

“Frankly I am surprised and disappointed by the resistance to change from our negotiating partners,” he said, with his Canadian and Mexican colleagues standing at his sides.

“We have seen no indication that our partners are willing to make any changes that will result in a rebalancing.”

We have seen no indication that our partners are willing to make any changes that will result in a rebalancing.U.S. trade rep Robert Lighthizer

He urged all sides to consider being more flexible before the talks resume again in Mexico next month. The next round starts Nov. 17, three weeks later than the original anticipated Oct. 27 start date.

Canadian Foreign Affairs Minister Chrystia Freeland sounded a marginally more diplomatic note. But she made it clear Canada believes others at the table are preventing progress from being made.

“Vice-President Mike Pence (said this summer) that he believed a win-win-win outcome would be achieved in these negotiations. Canada believes that too,” she said.

“But that cannot be achieved with a winner-take-all mindset or an approach that seeks to undermine NAFTA rather than modernize it… We’ve … seen a series of unconventional proposals in critical areas of the negotiations that make our work much more challenging.

Freeland doesn’t pull punches

“We have seen proposals that would turn back the clock on 23 years of predictability, openness and collaboration under NAFTA. In some cases these proposals run counter to WTO rules. This is troubling.”

The ministers even disagreed on stage about the economic importance of trade deficits. The Trump administration insists reversing them matters to U.S. prosperity, and although NAFTA partners represent only a small share of that global U.S. deficit he said they must accept that change.

The U.S. has surprised its neighbours by proposing things like a sunset clause that could end NAFTA in five years, along with plans to gut the agreement’s enforcement mechanisms.

That’s made it explicitly clear the U.S. does not envision the easy negotiation other countries had hoped for, and which some Americans themselves had hinted at — including President Donald Trump, who recently said he only wanted a few tweaks to trade with Canada.

‘Win, win, win’ not ‘lose, lose, lose’: Mexico’s rep

Mexico’s Economic Secretary Ildefonso Guajardo acknowledged that the talks would be difficult. He said obstacles to progress remain and that all sides need to work towards constructive solutions.

He urged countries to pursue a “win, win, win” — not a “lose, lose, lose.”

“We must understand that we all have limits,” Guajardo said. “We must ensure the decisions we make today do not come back to haunt us tomorrow.”

Source: http://www.huffingtonpost.ca/2017/10/17/nafta-tensions-erupt-at-press-conference-announcing-talks-extended-until-2018_a_23246653/

Study: Houston among best cities for small businesses

An online review company has confirmed what many Houstonians have known for a while: The Bayou City is a great place for small businesses.

Houston is No. 10 in the country for economic opportunity, or the chance that a current business will remain open and a new business will prosper, according to San Francisco-based Yelp Inc.’s (NYSE: YELP) first ever “Local Economic Outlook” report. See how the 50 U.S. cities rank for small businesses economic opportunity in the slideshow above.

To create the…

Source: https://www.bizjournals.com/houston/news/2017/10/17/study-houston-among-best-cities-for-small.html?ana=RSS%26s=article_search

Harris County jury duty resumes in temporary facilities

As expected, Harris County courts resumed jury service on Oct. 16, more than a month after Hurricane Harvey closed several downtown buildings.

However, court activities are still being housed in temporary facilities. Prospective jurors reported to makeshift jury assembly room in the basement of the county administration building, at 1001 Preston, and had to move to courts’ temporary locations around four different courthouses, the Houston Chronicle reports.

Portable bathrooms were set up behind…

Source: https://www.bizjournals.com/houston/news/2017/10/17/harris-county-jury-duty-resumes-in-temporary.html?ana=RSS%26s=article_search

These U.S. airlines have the best on-time rates

Chicago-based United Airlines Inc. (NYSE: UAL), Fort Worth-based American Airlines Group Inc. (Nasdaq: AAL) and Dallas-based Southwest Airlines Co. (NYSE: LUV) all received three stars out of a possible five in the On-time Performance Star Ratings released Oct. 17 by aviation data company OAG.

American’s flights were on-time 78.7 percent of the time, and Southwest’s and United’s were both on-time 78.5 percent of the time, according to the ratings, which are measured on a rolling 12-month period…

Source: https://www.bizjournals.com/houston/news/2017/10/17/these-u-sairlines-have-the-best-on-time-rates.html?ana=RSS%26s=article_search

Rockets players named among NBA’s most marketable players in national survey

Two Houston Rockets players rank in the top 10 of the National Basketball Association’s most marketable players.

James Harden ranked at No. 5 and Chris Paul tied for No. 6 in the national survey conducted by Sports Business Daily. The survey was distributed to marketing and branding executives, agencies, sports business professors and basketball media.

LeBron James ranked No. 1 on the list, followed by Stephen Curry at No. 2.

Harden, who is repped by Landmark Sports’ Diana Day, enters his…

Source: https://www.bizjournals.com/houston/news/2017/10/17/rockets-players-named-among-nbas-most-marketable.html?ana=RSS%26s=article_search

Bombardier Says Airbus Deal Makes Legal Ground To Avoid CSeries Duties

Bombardier employees work on CSeries 300 jets at the company's plant in Mirabel, Que., on September 28, 2017. Bombardier Inc. has announced it will partner with Netherlands-based aerospace giant Airbus on its CSeries program.

MONTREAL — Bombardier believes it is on strong legal ground to avoid import duties for its CSeries commercial jets by setting up a second assembly line at Airbus’ plant in Alabama.

The Montreal-based company has a legal opinion that no duties can apply because half the parts, starting with the engines, and the final assembly for U.S. customers are American, according to a source.

“The assembly in the U.S. can resolve the issue because then it becomes a domestic product and therefore a domestic product would not have the import tariff apply to this,” Bombardier CEO Alain Bellemare said Tuesday in Europe after announcing a partnership with Airbus.

The European aircraft giant said it will buy a majority stake in Bombardier’s CSeries program for no financial payment, with Bombardier (TSX:BBD.B) holding a 31 per cent stake and the Quebec government 19 per cent.

The Airbus-Bombardier partnership shakes up the aircraft industry and appears to put in question Boeing’s trade complaint, which has resulted in preliminary duties of nearly 300 per cent.

Bellemare said the company will continue to fight Boeing’s “unfair and unjustified” petition. Boeing said it will maintain the pressure in an effort to have aircraft manufacturers compete on a level playing field.

The new deal destroys Boeing’s trade case.

Industry analysts say the partnership appears to give Bombardier the legal edge in a political skirmish.

“With the aircraft now having a U.S. domestic production line, the issue around the Boeing trade complaint will be moot as the CSeries will no longer be imported into the United States for U.S. customers,” said Cameron Doerksen of National Bank Financial.

Richard Aboulafia of the Teal Group said the big loser is Boeing, whose petition has thrown Bombardier into the hands of its main global competitor.

“The new deal destroys Boeing’s trade case. They (and Commerce) can try to persist, but the new Alabama CSeries line makes that futile,” he said in a report.

Tom Enders, President and Chief Executive Officer of Airbus, and Alain Bellemare, President and Chief Executive Officer of Bombardier, pose in front of a Bombardier CSeries aircraft during a news conference to announce their partnership on the C Series aircraft programme, in Colomiers near Toulouse, France, Oct. 17, 2017.

Aboulafia said the Commerce Department will rule that it has no authority on jetliners exported from Alabama to Delta Air Lines headquarters in Georgia. The airline, which has ordered up to 125 CSeries, declined to comment on the new partnership. Its CEO last week said deliveries could be delayed but it wouldn’t pay duties.

Aboulafia also believes the result will be a stronger alliance between Boeing and Brazil’s Embraer.

Ultimately, he expects the politicized trade complaint will be undercut by the very politicians Boeing appealed to most — the protectionist wing of the Republican party.

I predict an official Trump Tweet taking credit for bringing Airbus factory jobs to Alabama.

While the CSeries, Airbus and Bombardier are the winners, Aboulafia adds U.S. President Donald Trump’s name to the list.

“I predict an official Trump Tweet taking credit for bringing Airbus factory jobs to Alabama. If Boeing leadership expected loyalty from Trump, they were mistaken.”

Bombardier investors warmly received the Airbus partnership, driving up the Montreal-based company’s shares to a nearly three-year high on Tuesday.

Shares reached $2.97 in early trading and were up nearly 20 per cent at $2.83 in later activity on the Toronto Stock Exchange.

Source: http://www.huffingtonpost.ca/2017/10/17/bombardier-says-airbus-deal-makes-legal-ground-to-avoid-cseries-duties_a_23246369/