Dish Network is the Ultimate Source for Information and Entertainment
Dish Network can be a great resource for your family for all of your entertainment and information needs. In fact, Dish Network specifically designs each of it’s entertainment packages to have a balance of entertainment, news, and educational programming. This is true from Dish Network’s economical Dish Family package all the way up to the Platinum Level High Definition Television package, and everywhere in between.Most subscribers looking for the category of entertainment packages which fall in between will be most interested in Dish Network’s America’s Top Entertainment Packages, which come in sixty, one hundred twenty, and one hundred eighty channel versions. America’s Top 60 Entertainment Package is a great introductory satellite TV plan that includes channels like The Weather Channel, MTV and MTV2, the Discovery Channel, the Sci-Fi Channel, ESPN, CNN, The Learning Channel, and many many more. America’s Top 120 Entertainment Package builds on America’s Top 60 with favorites such as Univision, BET, MSNBC, the Speed Channel, PAX TV, Fuse, Discovery Health, the FOX News Channel, and more. America’s Top 180 Entertainment Package adds on Style, Great American Country, The Biography Channel, Discovery Home and Leisure, National Geographic, VH1 Classic, Nick Toons, and a whole slew of Encore movie channels.If you and your family love movies, America’s Everything Pak could easily be the perfect entertainment package for you. It has all one hundred and eighty channels from America’s Top 180, but thirty additional channels that comprise the STARZ! Super Pak and Showtime Unlimited as well as HBO and Cinemax. America’s Everything Pak is a great choice for the family who wants the best of everything and plenty of great movies and entertainment options without taking the High Definition Television plunge.If you are ready to move up to High Definition Television, there’s no better television service provider to do it with than Dish Network. Dish Network provides more High Definition channels than any other television service and provides a High Definition receiver at no extra charge when you sign up for an HD entertainment package. DishNetwork High Definition receivers can handle television in High Definition formats as well as standard definition format and come with all of the other great features you expect from a Dish Network receiver. Dish Network’s High Definition entertainment packages start out at the Bronze level which offers twenty five HD channels (more than the competition at any level) and eighty standard definition channels. The Silver level provides the same twenty five High Definition channels, but with two hundred standard definition channels. The Gold level adds on High Definition channel- National Geographic HD- and forty more standard definition channels. The Platinum level keeps all two hundred and forty standard definition channels, but adds three more High Definition ones- STARZ! HDTV, HBO HD, and Showtime HD. In addition, local channels are often available in High Definition for a small extra fee.Dish Network also provides additional programming to help you customize your entertainment package. Die hard sports fans will love regional sports networks as well as the ability to add seasonal sports subscriptions like MLB Extra Innings, ESPN Game Day, and NBA League Pass. Local channels are often available and are a great way to keep up with what’s going on where you live as well as providing access to mainstream network programming. SIRIUS satellite radio gives you even more entertainment options as does Pay Per View. International programming in nineteen different languages provides even more options.Whatever your entertainment and information needs, you can be sure that Dish Network can meet them.
Some Important Facts About First Position Commercial Mortgage Notes
Creating attractive interest is a challenge in today’s low interest rate environment. The attractiveness of First Position Mortgage Notes is in the fact that investors (lenders) are held in the first position as a lien holder of the property – so there is a hard asset (real estate) providing the security of their investment.The 50-year average for homeownership in the United States is about 65%. Most experts see that number reducing as the move to rental communities continue to rise along with the challenges that younger consumers are finding in securing sustainable employment which is directly correlated to one’s ability (and desire) to own a home. The marketing for traditional residential mortgage financing in today’s marketplace has created a higher understanding of how these loans work for consumers. Couple that with the competition in the residential financing market and it is understandable why most adults understand residential financing. But what about Commercial Real Estate?Each and everyday consumers leave their homes and visit multiple commercial properties – for work – for dining – for shopping – for entertainment – but few understand that differences in the commercial financing marketplace versus the residential financing marketplace. The term “commercial loans” is mainly segmented into “multi-family properties (5 plus units), office buildings, retail centers, industrial and warehouse space, single tenant box buildings (such as Lowes and Walmart), and specialty use properties such as gas stations, schools, churches, etc. Regardless of the use the access to commercial loans is quite different than residential borrowing.In residential borrowing the normal procedure is for the lender to request 2 years of tax returns, bank statements, pay stubs, credit check, and appraisal of the property. The loan underwriters primary focus is the borrower’s ability (through an income and expense model) to make the monthly mortgage payments including taxes and insurance.In a commercial loan the lender will first look at the condition of the property and its ability to service the loan out of the cash flow from its day to day operations. The lender will request copies of current leases (rent roll) and two years of the borrowers operating history. In addition, they will review recent capital improvements, internal and external photos of the property, and lien and title searches. With these documents in hand the underwriter will create a debt-to-service coverage ratio (DSCR) to determine if the property can cover the demands that the new loan will carry with it. In addition, the lender will look at third party appraisals paying attention to not only the property in question but also the surrounding area and the trends in the marketplace.A commercial borrower needs to have strong financials and credit history to qualify for the loan. However, the lender places the greatest weight on the properties ability to sustain the loan over that of the borrower’s personal situation. This is in direct comparison to the underwriting of residential mortgages where the borrower’s personal financial situation is of a higher concern than the property that is part of the mortgage.There are six sources for commercial real estate borrowing – Portfolio Lenders – Government Agency Lenders – CMBS Lenders – Insurance Companies – SBA Loans – Private Money/Hard Money Lenders.Portfolio Lenders – these are mostly comprised of banks, credit unions, and corporations that participate in commercial loans and hold them on their books through the maturity date.Government Agency Lenders – these are companies that are authorized to sell commercial loan products that are funded by governmental agencies such as Freddie Mac and Fannie Mae. These loans are pooled together (securitized) and sold to investors.CMBS Lenders – these lenders issue loans called “CMBS Loans”. Once sold the mortgages are transferred to a trust which in turn issues a series of bonds with varying terms (length and rate) and payment priorities in the event of default.Insurance Companies – many insurance companies have looked to the commercial mortgage marketplace to increase yield on their holdings. These companies are not subjected to the same regulatory lending guidelines that other lenders are and therefore have more flexibility to create loan packages outside the conventional lending norms.SBA Loans – Borrowers that are looking to purchase a commercial property for their own use (owner-occupied) have the option of utilizing a SBA-504 loan which can be used for various types of purchases for one’s own business including real estate and equipment.Private Money/Hard Money Loans – For those borrowers that cannot qualify for traditional financing due to credit history or challenges with the property in question – hard money loans may be a viable source of funds for their intended project. These loans have higher interest rates and cost of money than other types of loans. Regardless of the higher costs of borrowing – these loans fill a need in the commercial mortgage marketplace.Commercial Mortgage Loans can be either recourse or non-recourse in their design. In a typical recourse loan the borrower(s) is personally responsible for the loan in the event that the loan is foreclosed and the proceeds are not sufficient to repay the loan balance in full. In non-recourse loans the property is the collateral and the borrower is not personally held responsible for the mortgage debt. In typical non-recourse loans a provision called “bad-boy clauses” are part of the loan documents which state that in the event of fraud, intentional misrepresentation, gross negligence, criminal acts, misappropriation of property income, and insurance windfalls, the lender can hold the borrower(s) personally responsible for the debt of the mortgage.Understandably, in commercial mortgage negotiations the lenders prefer recourse loans where the borrowers would prefer non-recourse loans. In the process of underwriting the lender and borrower(s) work to create a loan that meets both parties need and objectives and if an impasse presents itself – the loan is not issued.The world of commercial mortgages offers investors the ability to participate in a marketplace that can have attractive yields, principal safety through lien positions on real estate assets, and durations (12 months to 5 years) that are acceptable to most. The creation of ongoing monthly interest through holdings such as Commercial Mortgage Notes is attractive to both consumers and institutional investors.