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ailtrahq · 2 years ago

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US-based cryptocurrency exchange giant Coinbase continues to push forward with its efforts to seek regulatory clarity for the crypto industry, claiming that the current enforcement approach by regulators stifles innovation and puts global leadership at risk. The company has launched a new campaign to mobilize over 50 million crypto holders in the United States to lend their voices in support of clear cryptocurrency laws. 52 Million American Crypto Owners According to recent Coinbase data, there are 52 million crypto owners in the United States, with 60% being either Gen Z or Millennials, 75% having an income below $100,000, and 41% from racial minorities, thereby showing a younger and more diverse group of people compared to the entire US population. Also, a poll conducted in the fall of 2022 revealed that 55% of voters in four key American states, Nevada, Ohio, Pennsylvania, and New Hampshire, are “less likely” to vote for candidates who do not support crypto and Web3. In addition, a previous survey revealed that 72% of Americans between 18 and 34 years old said cryptocurrency allowed for direct control of personal assets, while another 72% agreed that “digital assets are the future of finance.” Coinbase is looking to gather the current 52 million crypto owners into “a powerful force” as part of its campaign efforts for clear cryptocurrency regulations as the US gets ready for its 2024 elections. Part of Coinbase’s move toward its goal is the advancement of the Financial Innovation and Technology for the 21st Century Act (“FIT21”). The bill, expected to be voted on by the House floor this fall, proposes to increase the Commodity Futures Trading Commission’s (CFTC) regulatory oversight of the industry above the Securities and Exchange Commission (SEC). The SEC has faced criticisms for its regulatory-by-enforcement approach, with companies and stakeholders in the crypto sector accusing the regulator of acting beyond its regulatory powers. The crypto exchange giant is, meanwhile, asking crypto holders to call their congresspersons to seek an unambiguous and responsible regulatory framework. Stand with Crypto Day Coinbase announced the launch of an independent advocacy non-profit grassroots movement called Stand with Crypto Alliance in August 2023, aimed at advancing sensible crypto innovation and policy. The organization has seen support from over 100,000 people since its launch, with plans to involve 52 million crypto holders in the US. “Stand with Crypto’s goal is to mobilize one million people, but imagine what it would look like if we could mobilize even 10% of America’s 52M crypto owners into single-issue advocates – that would be a game changer in standing up to the status quo and advocating for policies that update our financial systems so it is more fair, more distributed, and more inclusive.” Stand with Crypto Alliance will carry out a robust 14-month campaign focusing on nine important states — California, Georgia, Arizona, Pennsylvania, Ohio, Wisconsin, Illinois, Nevada, and New Hampshire. The advocacy efforts already started with digital and outdoor advertisements in Washington, DC, which kicked off on Sept. 19. There will also be a Stand with Crypto Day featuring innovators, developers, and entrepreneurs flown into DC on Sept. 27 from around the country to meet with the Members of Congress and government officials to explain the benefits of crypto and how the current regulatory approach in the US is driving jobs and innovation out of the country. Source

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nwbeerguide · 5 years ago

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Inspired by cooperation, Brooklyn's Other Half Brewing invites breweries, worldwide, open sources a recipe.

Press Release

BROOKLYN, N.Y.- – The team at Other Half Brewing Co is proud to announce All Together, a worldwide beer collaboration created to raise funds & awareness for the industry we love so much. Regardless of location or circumstances, when one member of the hospitality industry struggles, the rest of the group (including brewers, servers, bartenders, bussers, dishwashers, GMs, buyers, chefs & owners) steps in to help and lend a hand.

With this spirit in mind, Other Half Brewing (OHB) is spearheading the All Together project, started by a collective of beer industry partners from around the globe, to raise awareness and provide relief to those struggling in the industry as we’re all in this together.

“Raising awareness about the devastating losses in the hospitality industry is the core vision of this project,” says Matt Monahan, co-founder, Other Half Brewing. “We want to keep these losses at the forefront of conversations so that anyone who wants to help can learn what is happening and find a way to contribute to the recovery.”

How does the project work? #AllTogetherBeer invites any brewer, from any corner of the planet, to participate by providing the tools needed to make the beer at the lowest possible cost, including an open-source recipe, artwork, and name. In exchange, the collective asks that a portion of the proceeds go to supporting hospitality professionals in each brewery’s own community. The rest should be donated to keeping the brewery in business to weather this storm.

Recipe: OHB created a base recipe that easily brewed with commonly sourced ingredients. Each participating brewery can modify the beer as they see fit and brew it at their own convenience.

Artwork + Label: Stout Collective created the label artwork that can be customized by brewery, and Blue Label Printing has offered to print at cost.

Website: Craftpeak Team donated their time, talent & technology for the site

Breweries can get involved by reaching out to alltogether.beer/ for more information.

Beer drinkers can support this cause by signing up for the mailing list. The beers are being brewed around the world, and the newsletter will inform beer lovers worldwide when they’re available to purchase from their local brewery.

At OHB, the proceeds of All Together will go to the Restaurant Workers Community Foundation; https://bit.ly/3bKAlVv and the beer is expected to be available starting April 2020. Social assets can be found here.

The #AllTogetherBeer project begins with the following breweries with more to be announced: Other Half Brewing, NYC; Side Project, St. Louis, MO; Monkish, Torrance, CA; Trillium, Boston, MA; Alvarado St, Monterey, CA; Arizona Wilderness, Phoenix, AZ; Outer Range, Frisco, CO; The Veil, Richmond, VA; Omnipollo, Stockholm, Sweden; Humble Sea, Santa Cruz, CA; Finback, NY; Crak, Padua, Italy; 3 Sheeps Brewing, Sheboygan, WI; Sigma Brewing, Houston, TX; Southern Grist, Nashville, TN; Burial, Asheville, NC; Mikerphone, Chicago, IL; Pilot Project, Chicago, IL; Modist, Minneapolis, MN; Homes, Detroit, MI; KCBC, Brooklyn, NY; Industrial Arts, Garnerville, NY; Fifth Hammer, Queens, NY; Hidden Springs, Tampa, FL; Green Cheek, Anaheim, CA; Bottle Logic, Anaheim, CA; Parish, Broussard, LA; Vitamin Sea, Weymouth, MA; Ska, Durango, CO; Equilibrium, Middletown, NY; Northern Monk, Leeds, UK; Garage Project, Wellington, NZ; Wylam, Newcastle, UK; Lervig, Stavanger, Norway; Juguetes Perdidos, Buenos Aires, Argentina; Carton Atlantic, Highlands, NJ; American Solera, Tulsa, OK; Civil Society, Jupiter, FL; Anchorage, Anchorage, AK; Hoof Hearted, Columbus, OH; Barrier, Oceanside, NY; Sand City, Northport, NY; Bellwoods, Toronto, ON; Whiplash, Dublin, Ireland; Boundary, Belfast, N. Ireland; Dancing Gnome, Pittsburgh, PA; Collective Arts, Hamilton, ON; and more. alltogether.beer/.

About Other Half Brewing

Founded in 2014 by Sam Richardson, Matt Monahan and Andrew Burman, Other Half Brewing is rooted in a simple mission: to push the boundaries of beer. Known for its hazy IPAs, pastry stouts, and creative sours, Other Half has built a loyal community of fans around its Brooklyn taproom, and grown to become one of the most sought after breweries in the country. Through their innovative festivals (Pastrytown & Green City), creative flavors and with locations in East Bloomfield, NY and Brooklyn, NY, Other Half seeks to be constantly moving the beer industry forward. otherhalfbrewing.com/

from Northwest Beer Guide - News - The Northwest Beer Guide https://bit.ly/2UVEkI2

#Beer #News #Brewery

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smart-asset · 7 years ago

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How to Start Investing in Peer-to-Peer Loans

Back in the day, if you needed a personal loan to start a business or finance a wedding you had to go through a bank. But in recent years, a new option has appeared and transformed the lending industry. Peer-to-peer lending makes it easy for consumers to secure financing and gives investors another type of asset to add to their portfolios. If you're interested in investing in something other than stocks, bonds or real estate, check out our guide to becoming an investor in peer-to-peer loans.

What Is Peer-to-Peer Lending?

Peer-to-peer lending is the borrowing and lending of money through a platform without the help of a bank or another financial institution. Typically, an online company brings together borrowers who need funding and investors who put up cash for loans in exchange for interest payments.

Thanks to peer-to-peer lending, individuals who need extra money can get access to personal loans in a matter of days (or within hours in some cases). Even if they have bad credit scores, they may qualify for interest rates that are lower than what traditional banks might offer them. In the meantime, investors can earn decent returns without having to actively manage their investments.

Who Can Invest in Peer-to-Peer Loans

You don't necessarily have to be a millionaire or an heiress to start investing in peer-to-peer loans. In some cases, you'll need to have an annual gross salary of at least $70,000 or a net worth of at least $250,000. But the rules differ depending on where you live and the site you choose to invest through.

For example, if you're investing through the website Prosper, you can't invest at all if you reside in Arizona or New Jersey. In total, only people in 30 states can invest through Prosper and only folks in 45 states can invest through its competitor, Lending Club.

Certain sites, like Upstart and Funding Circle, are only open to accredited investors. To be an accredited investor, the SEC says you need to have a net worth above $1 million or an annual salary above $200,000 (unless you're a company director, an executive officer or you're part of a general partnership). Other websites that work with personal loan investors include SoFi, Peerform and CircleBack Lending.

Keep in mind that there may be limitations regarding the degree to which you can invest. According to Prosper's site, if you live in California and you're spending $2,500 (or less) on Prosper notes, that investment cannot be more than 10% of your net worth. Lending Club has the same restrictions, except that the 10% cap applies to all states.

Becoming an Investor

If you meet the requirements set by the website you want to invest through (along with any other state or local guidelines), setting up your online profile is a piece of cake. You can invest through a traditional account or an account for your retirement savings, if the site you're visiting gives you that option.

After you create your account, you'll be able to fill your investment portfolio with different kinds of notes. These notes are parts of loans that you'll have to buy to begin investing. The loans themselves may be whole loans or fractional loans (portions of loans). As borrowers pay off their personal loans, investors get paid a certain amount of money each month.

If you don't want to manually choose notes, you can set up your account so that it automatically picks them for you based on the risk level you're most comfortable with. Note that there will likely be a minimum threshold that you'll have to meet. With Lending Club and Prosper, you can invest with just $25. With a site like Upstart, you have to be willing to spend at least $100 on a note.

Should I Invest in Peer-to-Peer Loans?

Investing in personal loans may seem like a foreign concept. If you're eligible to become an investor, however, it might be worth trying.

For one, investing in personal loans isn't that difficult. Online lenders screen potential borrowers and ensure that the loans on their sites abide by their rules. Investors can browse through notes and purchase them.

Thanks to the automatic investing feature that many sites offer, you can sit back and let an online platform manage your investment account for you. That can be a plus if you don't have a lot of free time. Also, by investing through a retirement account, you can prepare for the future and enjoy the tax advantages that come with putting your money into a traditional or Roth IRA.

As investments, personal loans are less risky than stocks. The stock market dips from time to time and there's no guarantee that you'll see a return on your investments. By investing in a peer-to-peer loan, you won't have to deal with so much volatility and you're more likely to see a positive return. Lending Club investors, for example, have historically had returns between 5.26% and 8.69%.

But investing in peer-to-peer loans isn't for everyone. The online company you're investing through might go bankrupt. The folks who take out the loans you invest in might make late payments or stop paying altogether.

All of that means you could lose money. And since these loans are unsecured, you can't repossess anything or do much to recoup your losses.

You can lower your investment risk by investing in different loans. That way, if someone defaults, you can still profit from the loan payments that the other borrowers make. But if you don't have enough loans in your portfolio you're putting yourself in a riskier predicament.

Final Word

If you're looking for a way to add some diversity to your portfolio, investing in peer-to-peer loans might be something to think about. There are plenty of benefits that you can reap with this kind of investment. Before setting up an account, however, it's important to be aware of the risks you'll be taking on.

Photo credit: ©iStock.com/bymuratdeniz, ©iStock.com/M_a_y_a, ©iStock.com/sirius_r

#$SPY #investing #personal loans #peer-to-peer lending #unsecured loans

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arfinancingcompany · 2 months ago

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Overcoming Financial Challenges with Asset-Based Lending Solutions

Asset-based lending transforms balance sheet assets into funding power, helping businesses overcome gaps, delays, and financial disruptions efficiently and strategically.

#Asset based Lending #receivables factoring companies #Factoring Company California #account factoring company #Factoring Accounts Receivable company #Financing vs. Factoring #Best ABL for Your Business #Asset based Lending in Arizona #abl solutions

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alfredrserrano · 5 years ago

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Movers & Shakers: HTG hires Crescent Heights’ former general counsel & more

Michael S. Sheitelman and Josh Bank

Crescent Heights’ former general counsel Michael S. Sheitelman has jumped over to Housing Trust Group. Sheitelman is now chief operating officer of HTG, a major affordable housing developer. He is responsible for overseeing all of the company’s real estate functions, including land acquisition, entitlements, construction and finance.

HTG has more than 7,000 affordable and market-rate units throughout Florida, Georgia, Texas and Arizona, and another 2,000 units in the pipeline. Prior to Crescent Heights, Sheitelman was a shareholder at Gray Robinson in Fort Lauderdale.

Josh Bank was named managing director and market leader of CBRE’s Miami office. Bank, previously a managing director of CBRE’s Advisory & Transactions Services, is now overseeing the Miami office’s operations and growth strategy for all advisory services. He reports to Tripp Gulliford, executive managing director of CBRE’s Florida region.

CBRE restructured its South Florida operations over the past month. Arden Karson, who was senior managing director of the tri-county region, left to launch her own firm on June 1, while David Bateman left NAI Partners in Houston to become managing director of CBRE for Broward and Palm Beach counties.

Christian J. “CJ” Johannsen joined BGI Capital as managing director. He will oversee the alternative lending and commercial real estate debt provider’s expansion in South Florida alongside Managing Partners Robert Barthelmess and Kenneth Baboun. Johannsen has worked for NAI Merin Hunter Codman and NAI Miami, Colliers International South Florida and Thomas D. Wood and Company.

Marcus & Millichap promoted Ronnie Issenberg and Gabriel Britti to senior managing director of investments in the brokerage’s Miami office. The two brokers, who lead the Issenberg Britti Group, specialize in net-leased assets throughout the U.S. with a focus on essential businesses such as pharmacies, service stations and automotive tenants. They have closed more than $2.5 billion in commercial real estate transactions, according to Marcus & Millichap.

Bill Isenberg joined Boca Raton law firm Howard Law Group as of counsel. Isenberg has represented lenders in mortgage default cases, including foreclosure trials and the defense of Florida’s Consumer Collection Practices Act and the federal Fair Debt Collection Practices Act.

Ozzie Gonzalez joined JAG Insurance Group to lead a new employee benefits division. Gonzalez joined the South Florida-based insurance agency from Worldwide Assurance, where he was president.

The post Movers & Shakers: HTG hires Crescent Heights’ former general counsel & more appeared first on The Real Deal Miami.

from The Real Deal Miami https://therealdeal.com/miami/2020/06/15/movers-shakers-htg-hires-crescent-heights-former-general-counsel-more/ via IFTTT

#The Real Deal Miami

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i-dopebouquetbeard · 5 years ago

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Heartland Buys AIM

Heartland buys AIM. Heartland Financial buys AIM Bancshares and AimBank for $280.4 million. AimBank was founded in 1925 as the First National Bank of Littlefield. Today it’s a community bank based in Levelland, TX with $1.78 billion in assets, $1.16 billion in loans, and $1.54 billion in deposits. AimBank serves Lubbock, Midland-Odessa, Amarillo, Abilene, and other West Texas communities from 19 banking centers. It also has 6 full-service banking centers in Northeastern New Mexico. AimBank will merge into Heartland’s existing Lubbock, TX-based subsidiary FirstBank & Trust which has $1.14 billion in assets. Founded in 1996, it specializes in business lending and deposit services, providing mortgage, private client, investment, treasury management, card services, and electronic banking programs. 8 locations serve the cities of Lubbock, Snyder, Wilson, Colorado City, Tahoka, and surrounding communities. This will create Heartland’s largest bank subsidiary with assets of $3 billion and 33 banking centers serving West Texas and Northeastern New Mexico.

Heartland is a diversified financial services holding company with assets of $13.2 billion. It provides banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance to individuals and businesses. After completing the deal, Heartland will have assets of $15 billion with 140 locations serving 84 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas, and California.

Lynn Fuller of Heartland said: ‘We are highly impressed with the people and performance of AimBank and the solid community banking franchise they have built. We strongly believe in the growth prospects of the Texas market, and I am confident that AimBank will be an outstanding addition to the Heartland organization.’

Bruce Lee of Heartland added: ‘We entered the Texas market in 2018 through the acquisition of FirstBank & Trust and indicated that we fully expected to create a foundation for future growth. We are now delivering on this strategy through the AimBank acquisition. We are growing our presence and adding scale with a great new partner. AimBank has had remarkable growth both organically and through acquisitions while maintaining its efficiency. More importantly, AimBank has a similar culture to Heartland in the ways in which it engages its employees, serves its customers, and supports its communities. We are happy the AimBank team will be joining with the FirstBank & Trust team to expand and continue our success in the market.’

Barry Orr of FirstBank & Trust said: ‘We are excited about the opportunity to join forces with AimBank. We have immense respect for Scott Wade and his team of talented bankers. The leadership teams of our two institutions will be integrally working together to preserve our commitment to a quality customer experience. We are lucky to be joining two talented teams of local commercial banking professionals and staff with a broad knowledge of the communities and the clients they serve.’

Scott Wade of AimBank said: ‘We are delighted to reach this agreement with Heartland and look forward to joining such a high-quality organization. The combination of AimBank with the Heartland family of community banks increases our lending capabilities and gives us access to products and services offered by larger banks while preserving our legacy as a locally-led community bank. This is a great opportunity for our customers, who will enjoy a broader choice of banking products and will continue to deal directly with our current staff.’

Panoramic Capital Advisors and Stephens served as financial advisors to Heartland. Dorsey & Whitney served as legal advisor.

Hillworth Bank Partners served as financial advisor to AIM. Fenimore, Kay, Harrison & Ford served as legal advisor.

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stocksnewsfeed · 6 years ago

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Griffin Capital Celebrates Robust Growth with Over $1.0 Billion Raised Year-to-Date for Griffin Institutional Access Real Estate Fund

EL SEGUNDO, Calif.–(BUSINESS WIRE)–Griffin Capital Company, LLC (“Griffin Capital”), an alternative asset manager, today announced over $1.0 billion in equity raised 2019 year to date for Griffin Institutional Access Real Estate Fund. This growth has helped propel the Griffin Institutional Access Family of funds to over $4 billion in assets under management. The firm attributes this growth to strong and consistent performance across both Griffin Institutional Access Real Estate Fund and Griffin Institutional Access Credit Fund.

“We always strive to provide investors with alternative investments of the highest caliber. Combining innovative investment structures with best-in-class asset management capabilities is paramount to our success. Our performance speaks for itself. Our ability to deliver on our stated investment objectives within a variety of market conditions over the past five years is a testament to our active management capabilities,” said Dr. Randy Anderson, President of Griffin Capital Asset Management Company and Co-Founder of the Institutional Access Funds. “In today’s more volatile investment environment our institutional strategies, which are designed to exhibit lower volatility and low correlation relative to the broader market, have served as a stabilizing force within a mixed asset portfolio. Our perpetual interval fund offerings have broader investment mandates relative to other more traditional strategies. This breadth of mandate allows us to actively manage risk and pivot toward more compelling opportunities throughout the economic cycle. We continue to uncover market opportunities and are proud of our performance to date.”

“At Griffin Capital, it has been our long-standing belief that the utilization of alternative asset classes is essential in building better client portfolios, particularly in the face of currently volatile market conditions,” said Kevin Shields, Chairman and CEO Griffin Capital Company. “We view our exceptional results as powerful proof of concept. We deeply appreciate the confidence our investors have in us and our investment strategies.”

Fund Specific Results1

Griffin Institutional Access® Real Estate Fund (the “Real Estate Fund”) has, since inception, generated an average annual total return of 7.15 percent as of August 31, 2019. It has achieved these returns with a standard deviation of 2.19 percent, which was less than that of the Bloomberg Barclays Aggregate Bond Index of 3.07 percent during the same period. During the trailing one-year period ending August 31,2019, the Real Estate Fund generated a total return of 6.41 percent.

Griffin Institutional Access® Credit Fund (the “Credit Fund”) significantly outperformed its benchmark, the S&P/LSTA Leveraged Loan Index, with a year-to-date total return of 7.67 percent as of August 31, 2019. The Credit Fund delivered its return with low volatility.

1. Past performance is not a guarantee of future results. Data source: Morningstar Direct as of August 31, 2019. Performance reflects the reinvestment of dividends and other distributions.

All metrics for Griffin Institutional Access Real Estate Fund are based on load-waived Class A shares (NASDAQ: GIREX) and do not reflect a maximum sales charge of 5.75% for Class A shares. If the data reflected the deduction of such fees, the performance would be lower.

All metrics for Griffin Institutional Access Credit Fund are based on Class I shares (NASDAQ: CRDIX). Investors of the Class I shares do not pay a front-end sales charge/load.

About Griffin Institutional Access Real Estate Fund

Griffin Institutional Access Real Estate Fund (the “Real Estate Fund,” tickers: GIREX, GCREX, GRIFX, GLREX, GMREX), a closed-end, interval fund registered under the Investment Company Act of 1940, is an actively-managed portfolio of private real estate funds and public real estate securities, diversified by property type and geography, offering daily pricing and periodic liquidity at net asset value. The Real Estate Fund will make quarterly offers to repurchase between five percent and 25 percent of its outstanding shares at net asset value. The Real Estate Fund began reporting on NASDAQ on June 30, 2014 with an initial share price of $25.00 and reported a share price of $27.56 for Class A, $26.74 for Class C, $27.85 for Class I, $27.42 for Class L, and $27.18 for Class M as of September 11, 2019. The adviser of the Real Estate Fund is Griffin Capital Advisor, LLC, a majority owned subsidiary of Griffin Capital Company, LLC.

About Griffin Institutional Access Credit Fund

Griffin Institutional Access Credit Fund (the “Credit Fund,” tickers: CRDTX, CGCCX, CRDFX, CRDIX, CRDLX), a closed-end, interval fund registered under the Investment Company Act of 1940, is an actively managed, diversified portfolio of credit instruments, which may include bank loans, high-yield bonds, structured credit, middle-market direct lending, and non-performing loans. The Credit Fund offers daily pricing and periodic liquidity at net asset value, and the Credit Fund will make quarterly offers to repurchase between five percent and 25 percent of its outstanding shares at net asset value. The Credit Fund began reporting on NASDAQ on April 3, 2017 with an initial share price of $25.00 and reported a share price of $24.69 for Class A, $24.69 for Class C, $24.69, for Class I, $24.68 for Class L, and $24.69 for Class F as of September 11, 2019. Class F shares are not available to the general public. The Credit Fund’s investment adviser is Griffin Capital Credit Advisor, LLC (the “Adviser”), an SEC registered investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). The Adviser is a majority owned subsidiary of Griffin Capital Company, LLC. The Adviser has engaged BCSF Advisors, LP, an SEC registered investment adviser under the Advisers Act, to provide ongoing research, opinions and recommendations regarding the Credit Fund’s investment portfolio. BCSF is an affiliate of Bain Capital Credit, LP.

About Griffin Capital Company, LLC

Founded in 1995, Griffin Capital is an alternative investment asset manager headquartered in El Segundo, California with offices in Irvine, California, Phoenix, Arizona, and Greenwich, Connecticut. The privately held firm is led by a seasoned team of senior executives each with more than two decades of investment and real estate experience and who collectively have executed in excess of $21 billion in transactions.

Griffin Capital’s alternative investment solutions include three groups of complementary products: actively managed interval funds in the company’s Institutional Access® fund family, non-listed real estate investment trusts (REITs) and tax-advantaged private real estate strategies. The firm’s investment strategies include diversified core real estate and global corporate credit securities, as well as direct real estate ownership in sector-specific portfolios focused on net leased essential office and industrial assets, clinical healthcare properties, and multifamily real estate.

These solutions include: Griffin Institutional Access® Credit Fund, Griffin Institutional Access® Real Estate Fund, Griffin Capital Essential Asset® REIT featuring NextNAV™, Griffin Institutional Property Exchange DSTs, and a Qualified Opportunity Zone fund. Griffin Capital Securities, LLC, Member FINRA/SIPC, is the dealer manager and/or exclusive wholesale marketing agent for its REITs, Interval Funds and private offerings sponsored and/or co-sponsored by Griffin Capital Company, LLC. Additional information is available at: www.griffincapital.com.

IMPORTANT DISCLOSURES

This is neither an offer to sell nor a solicitation to purchase any security. Investors should carefully consider the investment objectives, risks, charges and expenses of Griffin Institutional Access Real Estate Fund and Griffin Institutional Access Credit Fund (the “Funds”). This and other important information about the Funds is contained in the specific Fund’s prospectus, which can be obtained by visiting www.griffincapital.com. Please read the prospectus carefully before investing.

Griffin Institutional Access Real Estate Fund’s inception date was 6/30/2014. As of 8/31/2019, Griffin Institutional Access Real Estate Fund’s load-waived Class A shares (NASDAQ: GIREX) returned 7.15% (annualized) since inception, which is 5.93% when reflecting a maximum sales load/charge. Performance reflects the reinvestment of dividends and distributions. Due to financial statement adjustments, returns may differ. Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns and principal value of Griffin Institutional Access Real Estate Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Visit www.griffincapital.com for current performance. As per Griffin Institutional Access Real Estate Fund’s prospectus dated July 2, 2019, the total expense ratio after fee waiver, reimbursement and recoupment is 1.97% for Class A, 2.72% for Class C, 1.72% for Class I, 2.22% for Class L and 2.47% for Class M. The Adviser and Griffin Institutional Access Real Estate Fund have entered into an expense limitation agreement under which the Adviser has contractually agreed to waive its fees and to pay or absorb the ordinary annual operating expenses of Griffin Institutional Access Real Estate Fund (including offering expenses, but excluding taxes, interest, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) to the extent that they exceed 1.91% for Class A shares, 2.66% for Class C shares, 1.66% for Class I shares, 2.16% for Class L shares, and 2.41% for Class M shares until February 1, 2020. Griffin Institutional Access Real Estate Fund’s return does not reflect the deduction of all fees and if Griffin Institutional Access Real Estate Fund’s return reflected the deduction of such fees, the performance would be lower. The maximum sales charge is 5.75% for Class A shares and 4.25% for Class L shares. Class C shareholders may be subject to a contingent deferred sales charge equal to 1.00% of the original purchase price of Class C shares redeemed during the first 365 days after their purchase.

Griffin Institutional Access Credit Fund’s inception date was 4/3/2017. As of 8/31/2019, Griffin Institutional Access Credit Fund’s Class I shares (NASDAQ: CRDIX) returned 5.36% (annualized) since inception. Per Griffin Institutional Access Credit Fund’s prospectus dated April 30, 2019, the total gross expense ratio is 3.33% for Class A shares, 4.08% for Class C shares, 3.04% for Class F shares, 3.08% for Class I shares, and 3.64% for Class L shares. Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns and principal value of Griffin Institutional Access Credit Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Visit www.griffincapital.com for current performance. The Adviser and Griffin Institutional Access Credit Fund have entered into an expense limitation agreement until at least April 30, 2020 under which the Adviser has contractually agreed to waive its fees and to pay or absorb the ordinary annual operating expenses of Griffin Institutional Access Credit Fund (including offering expenses, but excluding taxes, interest, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) to the extent that they exceed 2.60% for Class A shares, 3.35% for Class C shares, 2.35% for Class I shares, and 2.85% for Class L shares, subject to possible recoupment from Griffin Institutional Access Credit Fund in future years. Separate of the expense limitation agreement, commencing on August 26, 2019, the Adviser voluntarily absorbs Griffin Institutional Access Credit Fund expenses in excess of 1.25% and will continue to bear such expenses on a going forward basis in its discretion and is under no obligation to continue to do so for any specified period of time. Prior to August 26, 2019 and since the commencement of the operations of Griffin Institutional Access Credit Fund, the Adviser has borne all of the operating expenses of Griffin Institutional Access Credit Fund and waived its entire management fee. Without the waiver the expenses would have been higher. Fund returns would have been lower had expenses, such as management fees, not been waived during the period. Griffin Institutional Access Credit Fund return does not reflect the deduction of all fees and if Griffin Institutional Access Credit Fund return reflected the deduction of such fees, the performance would be lower. The maximum sales charge is 5.75% for Class A shares and 4.25% for Class L shares. Class C shareholders may be subject to a contingent deferred sales charge equal to 1.00% of the original purchase price of Class C shares redeemed during the first 365 days after their purchase.

The Funds are closed-end interval funds, the shares have no history of public trading, nor is it intended that the shares will be listed on a public exchange at this time. No secondary market is expected to develop for the Funds’ shares. Limited liquidity is provided to shareholders only through the Funds’ quarterly repurchase offers for no less than 5% and no more than 25% of the Funds’ shares outstanding at net asset value. There is no guarantee that an investor will be able to sell all the shares that the investor desires to sell in the repurchase offer.

The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Due to these restrictions, an investor should consider an investment in the Funds to be of limited liquidity. The Funds are suitable only for investors who can bear the risks associated with the limited liquidity of the Funds and should be viewed as a long-term investment. Investing in the Funds is speculative and involves a high degree of risk, including the risks associated with leverage and the risk of a substantial loss of investment. There is no guarantee that the investment strategies will work under all market conditions.

This material has been distributed for informational purposes only. The views and information discussed are as of the date of publication, are subject to change without notification of any kind, and may not reflect the writer’s current views. The views expressed represent an assessment of market conditions at a specific point in time and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles. It should not be assumed that any investment will be profitable or will equal the performance of the fund(s) or any securities or any sectors mentioned herein. The subject matter contained herein has been derived from several sources believed to be reliable and accurate, but not guaranteed, at the time of compilation. Griffin Capital Company, LLC and its subsidiaries do not accept any liability for losses either direct or consequential caused by the use of this information.

Annualized Return is calculated by annualizing cumulative return (i.e., adjusting it for a period of one year). Annualized return includes capital appreciation and assumes a reinvestment of dividends and distributions.

The Bloomberg Barclays U.S. Aggregate Bond Index measures the performance of the U.S. investment grade bond market. The S&P 500 is an index based on market cap of the 500 largest companies having stock listed on the New York Stock Exchange (NYSE) or NASDAQ. You cannot invest directly in an index. Index performance does not represent actual Fund or portfolio performance.

The S&P/LSTA Leveraged Loan Index (LSTA) is a daily total return index that uses mark-to-market pricing to calculate market value change. It tracks, on a real-time basis, the current outstanding balance and spread over the London Interbank Offered Rate (LIBOR) for fully funded term loans. The facilities included in the LSTA represent a broad cross section of leveraged loans syndicated in the United States, including dollar-denominated loans to overseas issuers.

Standard Deviation measures the average deviations of a return series from its mean and is often used as a measure of volatility/risk. A large standard deviation implies that there have been large swings in the return series of the manager.

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courtneyvbrooks87 · 6 years ago

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Skeptical Payoneer CEO Dismisses Idea of Single Currency Like Bitcoin as Unrealistic

News

Payoneer chief executive officer Scott Galit has dismissed the idea of a single global currency like bitcoin as unrealistic. Galit argued that he doesn’t believe countries like the U.S. will ever allow citizens to pay taxes in bitcoin because of too much volatility in the price of the cryptocurrency.

Also read: Former Mt. Gox CEO Says He is Sorry But Maintains His Innocence as Trial Closes

U.S. Will Never Allow Tax to Be Paid in Bitcoin, Says Galit

As a single global currency, bitcoin is viewed as key to ending willful currency manipulation, eliminating transaction fees and improving transparency in global pricing, among other uses.

Scott Galit

“Despite the interests of lots of people out there in the Internet world who love the idea of frictionless commerce and frictionless money and avoiding fiat currencies, I don’t see it,” Galit was quoted by television network CNBC as saying. He was responding to questions on whether the idea of a future single global currency was feasible.

Galit said the bitcoin price volatility means that government money would be subject to the digital asset’s exchange rate fluctuations – so unstable if that were to occurr to fiat money, government would be at risk of defaulting on its financial obligations. For that reason, he argues, a government like the U.S. will draw no tangible benefit from adopting bitcoin in its operations, much less as a tax settlement currency.

BTC has lost more than 80 percent of its value since its December 2017 all-time-high of almost $20,000, in a downturn that has shaken the cryptocurrency industry down to its core.

“Now you could have a debate whether taxes are fair or unfair or whatever but they are a reality,” said Galit, who heads the New York City-based Payoneer, a global payments startup voted one of CNBC’s most disruptive emerging companies for 2018. “There are going to be taxes because governments need revenues. Countries actually need tax revenue in order to fund services for their residents,” he added.

Ohio Defies Payoneer Skepticism

Galit will be less impressed that some state governments have already or are looking to transition to bitcoin-enabled tax and bill payments. Ohio has become the first U.S. state to allow citizens to settle their tax obligations and pay some bills in BTC. The crypto payments are made through the ohiocrypto.com platform, which converts the BTC and gives the state government the dollar-equivalent. The states of Arizona, Georgia and Illinois are all reportedly preparing legislation to allow for bitcoin-friendly tax payments.

The Payoneer CEO has other reasons for his skepticism – the U.S. Federal Reserve System. Galit said the role of the Fed regarding monetary policy issues, particularly its use of interest rates to dictate economic direction, posed significant challenges. For a central bank to lose control of this key economic tool over to a single universal currency was simply unfathomable, Galit asserted.

“Central bankers are there to actually help manage the economies and provide kind of stewardship for those economies,” he stated in the CNBC article. “Part of that is actually managing currency in the interest rates [for lending] and in exchange rates. If you don’t actually have any control over a currency you’ve lost one of the major policy tools that you have, so what do you do?”

Payoneer processes payments and transfers from more than 200 countries throughout the world. The company makes its money by levying fees on withdrawals in various currencies, making it a key stakeholder in the currency business.

What do you think about the sentiments from the Payoneer chief executive? Let us know in the comments section below.

Images courtesy of Shutterstock.

Need to calculate your bitcoin holdings? Check our tools section.

Original Source http://bit.ly/2GJqbd6

#IFTTT #Cryptocurrency and Bitcoin

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arfinancingcompany · 2 months ago

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bobbynolanios88 · 6 years ago

Text

Skeptical Payoneer CEO Dismisses Idea of Single Currency Like Bitcoin as Unrealistic

News

Also read: Former Mt. Gox CEO Says He is Sorry But Maintains His Innocence as Trial Closes

U.S. Will Never Allow Tax to Be Paid in Bitcoin, Says Galit

As a single global currency, bitcoin is viewed as key to ending willful currency manipulation, eliminating transaction fees and improving transparency in global pricing, among other uses.

Scott Galit

BTC has lost more than 80 percent of its value since its December 2017 all-time-high of almost $20,000, in a downturn that has shaken the cryptocurrency industry down to its core.

Ohio Defies Payoneer Skepticism

What do you think about the sentiments from the Payoneer chief executive? Let us know in the comments section below.

Images courtesy of Shutterstock.

Need to calculate your bitcoin holdings? Check our tools section.

Original Source http://bit.ly/2GJqbd6

#IFTTT #Cryptocurrency and Bitcoin

0 notes

vanessawestwcrtr5 · 6 years ago

Text

Skeptical Payoneer CEO Dismisses Idea of Single Currency Like Bitcoin as Unrealistic

News

Also read: Former Mt. Gox CEO Says He is Sorry But Maintains His Innocence as Trial Closes

U.S. Will Never Allow Tax to Be Paid in Bitcoin, Says Galit

As a single global currency, bitcoin is viewed as key to ending willful currency manipulation, eliminating transaction fees and improving transparency in global pricing, among other uses.

Scott Galit

BTC has lost more than 80 percent of its value since its December 2017 all-time-high of almost $20,000, in a downturn that has shaken the cryptocurrency industry down to its core.

Ohio Defies Payoneer Skepticism

What do you think about the sentiments from the Payoneer chief executive? Let us know in the comments section below.

Images courtesy of Shutterstock.

Need to calculate your bitcoin holdings? Check our tools section.

Original Source http://bit.ly/2GJqbd6

0 notes

mccartneynathxzw83 · 6 years ago

Text

Skeptical Payoneer CEO Dismisses Idea of Single Currency Like Bitcoin as Unrealistic

News

Also read: Former Mt. Gox CEO Says He is Sorry But Maintains His Innocence as Trial Closes

U.S. Will Never Allow Tax to Be Paid in Bitcoin, Says Galit

As a single global currency, bitcoin is viewed as key to ending willful currency manipulation, eliminating transaction fees and improving transparency in global pricing, among other uses.

Scott Galit

BTC has lost more than 80 percent of its value since its December 2017 all-time-high of almost $20,000, in a downturn that has shaken the cryptocurrency industry down to its core.

Ohio Defies Payoneer Skepticism

What do you think about the sentiments from the Payoneer chief executive? Let us know in the comments section below.

Images courtesy of Shutterstock.

Need to calculate your bitcoin holdings? Check our tools section.

Original Source http://bit.ly/2GJqbd6

0 notes

greatlakesloanworld · 7 years ago

Link

Wells Fargo Routing Number – Wells Fargo was the world’s second largest bank in terms of market capitalisation, and currently it is the second largest bank in home mortgage and servicing. It is also the third largest bank in US according to total assets. This multinational financial service company is based in San Francisco, California. Wells Fargo bank was incorporated on 24 January, 1929 and founded on March 18, 1852 by Henry Wells and William Fargo. I

It basically serves as retail, commercial and corporate banking service provider to individuals, institutions and businesses. Its community banking service provides checking and savings accounts, credit and debit cards, and automobile. Apart from that, it also gives loan to student, mortgage, home equity, and small business. Another segment of the back which is Wholesale Banking, it supply commercial loans, lines of credit, corporate and institutional trust services, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management and many more.

Wells Fargo Routing Numbers

Wells Fargo Routing Number

The main motive of Wells Fargo is to assist its customers in achieving financial needs so that they can succeed financially. Now, let’s know about Routing Number of Wells Fargo.

There is different routing number of every area based on the branch your account is opened. One can call customer care of the bank to know routing number and for wire transfer, use the transit number 121000248 for domestic and WFBIUS6S for international wires.

What is Routing Number?

If you have an account in any Bank of US, then you already know about routing number. Routing number, also termed as routing transit number (RTN) is a way to identify the bank from where you transacted money. It is essential to check the routing number before proceeding for any money transfer. Some banks or financial institution contain more than one routing numbers for using it for various purposes. To find it, look into your check book especially at the bottom of it. You can also find it on banking websites. However, we had listed some of the Wells Fargo routing numbers for your convenience.

The following are the ABA Routing Number of Wells Fargo Bank. It’s difficult to remember all this so it is better to visit https://ift.tt/1nskKbC and answers the questions asked by the site. It will provide you the required routing number.

State Routing Number State Routing Number Alabama 062000080 New Hampshire 121042882 Alaska 125200057 New Jersey 021200025 Arizona 122105278 New Mexico 107002192 Arkansas 111900659 New York 026012881 California 121042882 North Carolina 053000219 Colorado 102000076 North Dakota 091300010 Connecticut 021101108 Ohio 041215537 Delaware 031100869 Oklahoma 121042882 District of Columbia 054001220 Oregon 123006800 Florida 063107513 Pennsylvania 031000503 Georgia 061000227 Rhode Island 121042882 Hawaii 121042882 South Carolina 053207766 Idaho 124103799 South Dakota 091400046 Illinois 071101307 Tennessee 064003768 Indiana 074900275 Texas 111900659 Iowa 073000228 Texas – El Paso 112000066 Kansas 101089292 Utah 124002971 Kentucky 121042882 Vermont 121042882 Louisiana 121042882 Virginia 051400549 Maine 121042882 Washington 125008547 Maryland 055003201 West Virginia 121042882 Massachusetts 121042882 Wisconsin 075911988 Michigan 091101455 Wyoming 102301092 Minnesota 091000019 American Samoa 121042882 Mississippi 062203751 North Mariana Islands 121042882 Missouri 121042882 Puerto Rico 121042882 Montana 092905278 Virgin Islands 121042882 Nebraska 104000058 American Forces Abroad 121042882 Nevada 321270742

Conclusion

With the help of aforementioned routing numbers, you can transfer money to your loved ones. It’s all about Wells Fargo Routing Number

The post Wells Fargo Routing Number (Everything You Need To Know!) appeared first on MyGreatLakes.Org ✅ Great Lakes Student Loans Login.

#IFTTT #WordPress

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