In general, borrowers shopping for a convenience store loan will be pleased with the number of options available to them. Including conventional, SBA and a few CMBS programs.

One of the biggest components to convenience store loans is whether or not the subject property offers gasoline. Basically any convenience store that offers gasoline will be classified as a gas station and borrowers should seek financing under that category. As a side note, we happen to be working with a borrower who had his convenience store loan in process. The over eager loan officer had it wrongly classified as convenience store(not as a gas station). As soon as the appraisal company came out to the facility and reported its finding to the funding bank the loan was immediately declined. This of course wasted $5,000 for the borrower and 3 months of his time.

C-Store Loans

In general, borrowers have three options for their c-store loan. Conventional, SBA and CMBS loans. SBA loans will normally provide the highest level of financing and some of the longest fixed rates for this building type. For example 85% loan to cost financing is common for convenience stores. Fixed rates can be for as long as 10 years. Don’t let the rumors about the SBA process scare you off as the SBA has done a lot in the last 3 years to improve their process. You should be able to close your loan in 45 days.

Make sure however that whoever the funding bank is, that they hold the PLP designation. What’s important about this for you is that the loan will only have to be underwritten one time. Versus working with a bank that is not PLP you will have to have the deal underwritten once by the bank THAN by the SBA. That’s where the 75 to 120 days to close horror stories come from.

CMBS loans also have some very strong options, like 80% financing and rates fixed for up to 30 years, yes 30 years. However, due to the subprime mess many of these options have become limited or expensive. But it is still very much recommended that you research these options as they maybe a great fit for your situation.

Conventional financing, i.e. a regular loans from your local bank, will normally provide the best rates, however they will normally have the most conservative underwriting and weakest terms. Fixed period rarely exceed five years with shorter amortization periods of 15 to 20 years for convenience store loans.

Jeff Rauth is President of Commercial Finance Advisors, Inc out of Birmingham, Michigan. He specializes in Commercial Real Estate Loans between $100,000 – $5,000,000. Offers unique loan programs such as Commercial Second Mortgages, Commercial 30 Year Fixed, 90% non SBA financing, Commercial Equity Loans. Call 248 885-8797 or visit commercial real estate loans or commercial loan brokers or commercial loan rates.

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Many Taxpayers Overlook AMT

Many taxpayers don’t ever consider checking to see if they fall into the AMT. In fact, many don’t even know what it is.

Those that attempt to figure it out, often get confused by the calculations and simply assume that they don’t owe it.

“Many taxpayers are unaware that the AMT applies to them until they receive a notice from the IRS, and some discover they have AMT liabilities that they did not anticipate and cannt pay,” said Taxpayer Advocate Nina Olson in a report to a congressional subcommittee last year.

While the instructions for Form 1040’s line 45 (where you enter your AMT amount) require taxpayers to fill out fairly simple worksheet, the taxpayer ahs to read 16 exceptions to that worksheet that refer the taxpayer to go directly to Form 6251to figure potential AMT liability.

Many don’t know where to even go for the form, as they simply picked up a 1040 and started filling it out as usual.

One of the exceptions is “interest paid on a mortgage not used to buy, build or substantially improve your home.” Does this mean that home equity loan that consolidated the credit cards?

“There’s no one thing that one can say for sure ‘this is going to be an AMT problem,” said Mark Luscombe, a principal analyst with CCH.

Many are shocked to find that they are in the AMT. After all, it was originally intended to stop the wealthy from avoiding their income taxes.

“You don’t have to be making a lot of money to fall into the alt-min anymore,” said Barbara Steinmetz, a certified financial planner. “Property taxes help boost you there. State income taxes help boost you there.”

“If you are working through the 1040 and you go line by line, you shouldn’t miss it,” says the IRS.

The AMT currently traps high-income taxpayers with difficult tax situations. Most of these are aware of the issue, because they have their tax returns prepared professionally.

Without yearly patches on the AMT, millions of middle-income families could be subject to the parallel tax.

“It’s like watching a horror movie and there’s this slow moving creature that’s about to consume the middle class,” said Len Burman of the Urban Institute and the Tax Policy Center.

Martin Lukac represents http://www.RateEmpire.com and http://www.1AmericanFinancial.com, a finance web-company specializing in real estate and mortgage rates. We specialize in daily updates, mortgage news, rate predictions, mortgage rates and more. Find low home loan mortgage interest rates from hundreds of mortgage companies!

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Are we all just hallucinating? Is the recession only in our minds? According to John McCain’s key economic advisor, Phil Gramm (who incidentally was one of five people who co-sponsored the Commodity Futures Modernization Act of 2000, which is thought to be to blame for allowing the Enron scandal to occur) , American’s are “whiners”. He said we’re in the midst of a “mental recession” but are not currently in an actual recession.

Apparently, it’s all in our minds. We’re conjuring up and hallucinating a recession for ourselves.
This struck me as incredibly interesting. Maybe we are a nation of whiners, but I know, for example, that I’m not imagining $4.79/gallon of gas. My students who are in real estate sales are not making up the housing and mortgage crisis. No one I know is inventing in increase in prices at the supermarket. These are all tangible, verifiable situations.

Someone is out of touch with reality, but I dare say it’s not We the People.

Obama responded rightly, “When it comes to the economy, this economic downturn is not in your head. When people are out there losing their homes and property values are declining, that’s not a figment of your imagination.”

I found this to be a very interesting exchange and something worthy of bringing to your attention because just recently another news event happened in which a number of hostages in Columbia were rescued.

I saw very recently on CNN an interview with them. One of the guys had made a very beautiful and intricately carved chess set. He made a board out of paper covered in plastic and carved these chess pieces with a broken machete. They were unbelievably nice.

What sticks out for me in what they said was that the value of the chess board was that even though they had a giant chain wrapped around their neck with a guard holding it like as if they were dogs with machine guns pointed at their backs, whenever they could during the day, they were able to stop and play chess and in so doing, they escaped the captors mentally.

The captors had their bodies, but they were able to escape mentally them which is similar to what Victor Frankel said in his book Man’s Search for Meaning, “If a prisoner felt that he could no longer endure the realities of camp life, he found a way out in his mental life – an invaluable opportunity to dwell in the spiritual domain, the one that the SS were unable to destroy. Spiritual life strengthened the prisoner, helped him adapt, and thereby improved his chances of survival.”

It dawned upon me that we can all do the same. Our situation (high gas prices, the mortgage crisis) is clearly not comparable in terms of the horrors of the holocaust. I’m not suggesting that. But as prices are rising around us, opportunities can also be found.

The key to finding these opportunities is to be grateful for everything we have today and to maximize our income potential in every way we possibly can. One of the ways to do that, of course, is getting better at persuasion so that every opportunity that comes your way, you can turn to your advantage.

If we focus on the positive and we focus on the good, if we call into play our inner resources and our core and fundamental strength, then we’ll create more that is positive, more that is good and we will absolutely be able to take control of our destinies in our lives no matter what they may be.

Kenrick Cleveland teaches techniques to sell to affluent clients using persuasion strategies. He runs unique public and private seminars and offers home study courses, audio/visual learning tools, and coaching programs in persuasion techniques. Find more free articles at http://www.MAXpersuasion.com/blog Be sure to sign up for his free report entitled “Yes! Persuasion.”

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While most people have an understanding of what “pornography” is, I want to take a moment to define it.

According to Webster’s Dictionary online, the two definitions most relevant to this article are as follows:

1) the depiction of erotic behavior (as in pictures or writing) intended to cause sexual excitement; and

2) material (as books or a photograph) that depicts erotic behavior and is intended to cause sexual excitement.

Pornography comes in as many different combinations and types as there are human sexual fantasies and fetishes. The purpose of this article is not to discuss all of those types or to advocate that one is better or more appropriate than another. Instead, my intention is to discuss how “pornography” or “obscenity” has played a historic role in free speech, one of the underpinnings of the United States Constitution.

Supporters of censoring pornography do not typically factor into the equation what suggestions like that have on the role of free speech in this country. In fact, they rarely get beyond the moral or religious argument as their primary basis for eliminating pornography. While I understand the religious argument that can be made, I do not believe that is an appropriate use of legislation… afterall, we also have the separation of church and state issue to concern ourselves with. However, laws to eliminate or restrict the accessibility of pornography and similarly situated policies have historically created truly far-reaching, almost ‘evil’ laws in our history. Without a close watch on similar topics, the same could reoccur today.

An early federal anti-obscenity statute, known as the Comstock law, was passed in 1873 and became the model for a number of state laws. These laws were used for decades to persecute and sometimes destroy early feminists and others who wrote about birth control, venereal disease, or sexual exploitation and even sexual exploration. Further, these laws were the basis for excluding sexual education classes from public schools. It even went so far as to censor scientific, physiological, and anatomical works in many publications.

This extensive suppression of knowledge occurred because the government, in its alleged wisdom, considered information about contraceptives and sexuality to be “obscene.” Because of the government’s position on those subjects, lower income women often suffered, and an excessive number of unwanted pregnancies often ruined their health, drove them to dangerous and sometimes deadly back-alley abortionists.

But governmental censors were more offended by contraceptives and sexuality than by the suffering and death of women. So they prosecuted thousands of people under the “obscenity” laws and drove at least 15 women to suicide. I have no information on how many were convicted, incarcerated, or otherwise punished because of these judgmental laws.

Among them was Ida Craddock, who was imprisoned in 1902 for writing advice manuals on conjugal relations. She continued writing after her release from prison, was arrested again under the Comstock laws, and chose to commit suicide rather than serve a second prison term. Can you imagine a world today where someone goes to prison for writing something they believe in or publicizing information that they want to make available?

The famous birth-control pioneer Margaret Sanger dedicated her life to that movement because of the horrors she had witnessed as an obstetrical nurse in New York. The atrocities included women’s health being destroyed from bearing too many children, women dying from botched abortions, families rendered unable to feed their many members, and the spread of venereal disease. Sanger’s crusade to make contraceptives available to the poor and others caused her to be jailed repeatedly under the Comstock laws. On one occasion, she faced the possibility of spending 45 years in prison.

Fortunately for the health of millions, the government’s persecution did not intimidate her into silence. While awaiting trial, she courageously published everything she knew about birth control in a pamphlet titled “Family Limitation.” It sold 10 million copies and was translated into 13 languages.

Many other women activists were victims of the censors. David A. J. Richards writes that “no group suffered more from censorship under America’s federal and state obscenity laws than dissident American women, [who were] challenging the dominant pro-natalist gender and sexual orthodoxy of their age.”

One group that may have suffered almost as much were critics of traditional religion. Susan Jacoby relates: “As free-thought publications proliferated in the 1880s and 1890s, prosecutions of their editors became more frequent, lending additional support to [the] contention that the anti-obscenity statutes were being used to target atheists, agnostics, and freethinkers.”

Similar censorship problems have occurred in other countries. Materials that governments banned as being “pornographic” included pro-Jewish writings in Nazi Germany, anticommunist tracts in China and the former Soviet Union, and literature written by blacks in South Africa. These are not the only examples of the suppression of free speech, and I believe there are probably other examples out there, but I have not done the research to locate them for this article.

Even today, some in the U.S. would use laws against pornography to censor any number of progressive ideas they find threatening. For example, the Rev. Donald Wildmon, head of the right-wing, American Family Association, supports censorship of pornography. His group’s literature defines pornography as “not dirty words and dirty pictures. It is a philosophy of life which seeks to remove the influence of Christians and Christianity from our society.”

Thus, anything that conflicts with Wildmon’s religious beliefs would apparently be considered pornography and be fair game for governmental censors under the limitations proposed by the American Family Association. That type of attitude is a reason why laws against pornography are so dangerous. The laws can lead to efforts to silence virtually any minority viewpoint.

As American Civil Liberties Union president Nadine Strossen writes in her book Defending Pornography: “Even in societies that generally respect human rights, including free speech, . . . the term ‘pornography’ tends to be used as an epithet to stigmatize expression that is politically or socially unpopular. Accordingly, the freedom to produce or consume anything called ‘pornography’ is an essential aspect of the freedom to defy prevailing political and social mores.” But, as the Founders of this country understood and wrote, the freedom to defy prevailing political and social attitudes and beliefs is essential for progress and enlightenment to occur. Just think, if the Founders had not stood up for what they believed in and put it in writing, would the United States exist today or would we merely be another colony of the United Kingdom?

To assure the freedom to possess, write, purchase, photograph, or record information and speech, be it pornography or something else, the Founders assured this country of that right in the First Amendment to the U.S. Constitution. We must protect what we cherish else we may lose it. Be alert and aware of those you vote for and question anything, including my position in this article, afterall, this is a form of free speech in itself.

Dax Garvin, Attorney and Counselor At law is an experienced Austin DWI Attorney.

I graduated from Texas Tech University School of Law in May, 2002, and was licensed to practice law in Texas that November, following the July, 2002, Texas Bar Exam. Prior to that, I obtained my Bachelor of Science in Criminal Justice from the University of Texas at Tyler and my first years of undergraduate work were spent at Austin College in Sherman, Texas, where I learned the true passion of humanity-recognizing we are all part of one great society.

I worked in the Travis County Attorney’s Office from August, 2002, until October, 2003, when I entered into private practice with a mid-size Austin civil litigation firm, where I enhanced my skills for legal research, writing, motion practice, and working with insurance companies from the defense perspective.

http://www.daxlegal.com

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