Poor debt management has been rated as one of the most significant causes of financial challenges among many individuals and even organizations. A lot of people have found themselves in the middle of financial constraints as a result of poorly managed loans that they took with the commercial lenders, which they fail to refund adequately. Consequently, the lenders come in with the help of debt consolidators and auctioneers who sometimes may mishandle your property or even get away with them. Inadequate management of debt is not a new thing in the financial market. Southridge has been there since the time in memorial, and many individuals and organizations have fallen victims of the monster.
However, not many people have taken up the challenge to discover what factors could be leading to the situation which may cause a lot of embarrassment to the parties who fall victim. This challenged Stephen M. Hicks to try figure out the main reasons as to why a lot of people, despite the phenomenon being very common, still fall victims of the same. He embarked on rigorous research that involved a lot of interviews with the financial customers and also reading widely on the relevant topic. After long research, he came up with some conclusions that made him form the Southridge Capital as a solution to his findings.
According to prnewswire, the primary cause that was highlighted in the report findings of Stephen M. Hicks’ reports was insufficient knowledge about the management of the borrowed funds. Most people and institutions often found themselves in a situation whereby they took loans which they never had clear plans on which to implement using the amount. As a result, they ended up spending the money on other insignificant means that end up putting them in financial constraints. Consequently, the parties face challenges in repaying the debts and in some cases they might cause disputes with the financial lenders.
Southridge Capital became the ultimate solution to all these challenges because, after the establishment, Stephen M. Hicks ensured that all the customers of the company are adequately trained on the ultimate ways to handle the debts whenever they get some. This way, they find it easier to manage the funds and hence fewer chances of getting into troubles with the lenders.You can checkout scribd.com for more info.
NexBank, a regional bank located in Dallas has partnered with Dallas Neighborhood Homes to support the expansion of their program in the next five years. Dallas Neighborhood homes is a nonprofit organization that provides mortgage services working alongside Dallas Area Habitat for Humanity to give affordable housing loans to southern Dallas families. They target at delivering more than 100 loans annually for the next five years to low income locals. NexBank is offering up to $50 million to fund the program. This will benefit the homebuyers with low income and limited to mortgage access. Additionally, they provide counseling services to prepare people on home ownership offered by Dallas Area Habitat for Humanity.
NexBank will also cater for title fees for completed closings through their affiliates, together with $2,000 closing costs on each loan. Dallas Area Habitat for Humanity, mortgage operation senior vice president Mark Tribuna expressed their gratitude to Nexbank for making affordable homeownership real to the many people in need. He noted that North Texas has the lowest homeownership rates and the program addresses this problem directly. He added that homeownership improves the living standards while enhancing the children’s opportunities for a better future.
NexBank announced the acquisition of College Savings Bank based in Princeton, New Jersey with over 529 college-savings programs. According to NexBank Capital Inc. CEO and president, John Holt, College Savings Bank will maintain its branding and name; also the institution will operate as a Division of NexBank. The transaction is a win to the parties involved and a key move in their overall funding program. NexBank COO and executive vice president, Matt Siekielski added that the acquisition would enable them to give better services to their clients and assist families in saving for college.
It is a unique chance to responsibly expand their platform and continue to achieve their short and long-term goals. College Savings Bank core business focuses on college savings, and it was established in 1987. The company has served as a parents’ partner in preparing their children’s for higher education. It is a program manager CD 529 Indiana College Choice Savings Plan and a bank plan for Arizona Family College Savings Program.
OSI Group has outstanding success and growth for an entire century. Since the start of the millennium, the food production company has pushed itself to new heights and has established a reputation as one of the largest food providers in the world. David McDonald has been with this company for three decades and have experienced the tremendous growth of OSI Group. David McDonald’s start with the company began immediately after college. He was a project manager in one of the man facilities owned by the major food brand. He stuck with the company through the most challenging times and is now at the top of the food industry dominant company.
Although the company is a major corporation today, he has made sure as the chief operating officer that he continues to lead this country with the same morals and principles that first began it. Before David McDonald was the COO of OSI Group and before this company was apart of the trillion dollar food industry, this was just a mere meat market located in Chicago. An immigrant from Europe opened the family business during the twentieth century. Just a few short decades later his small, family ran butcher shop became the supplier for McDonald’s chains nationwide. For the past twenty five years, this food provider has been seeking ways to expand its long list of ventures both domestically and internationally.
One of the ways OSI Group is expanding is through opening more facilities in new markets. They have expressed interest in opening facilities in certain Asian countries to be able to meet the growing needs of their customers in Asia. Additionally, David McDonald has a mission for the food company as well. He wants his meat production brand to be a sustainable brand. He wants his food company to lead the pack of food companies that do not harm the environment. He is making sure his company becomes sustainable by reevaluating their operational practices, making sure animals are treated fairly, being mindful of factors that effect the environment, remembering to protect the earth and also delivering a tasty product consistently.
Some people call him Randy. He has worked in various financial institutions for decades. Over the years, he has gained a good reputation for his professionalism. He is also a successful businessman. According to the Forbes Magazine, he is the 557th richest person in the world. He is a graduate of the University of Connecticut and Boston University. Randal Nardone specialized in arts in his higher education. After his education, he joined the job market and became a business leader due to his entrepreneurial endeavors.
He has inspired many people to join the business world. In his previous occupations, he has been commended for his ability to bring the workers together for a common purpose. He is the pioneer of several firms in the country. One of his biggest achievement is the founding of an investment company known as Fortress Investment Group. The firm has been operating for years and has helped thousands of businesspeople to make informed business decisions that guarantee them good returns for their investments. Randal Nardone heads Fortress Investment Group as its Chief Executive Officer since 1998.
Under his leadership, the investment firm has experienced an increase in the customer base. Many clients have benefited from the firm’s services such as the provision of credit funds and private equity. One of his main areas of focus is the range of services it offers. He has strived to increase the number of services available to the clients over the years. Before joining Fortress Investment Group, Randal Nardone worked for other firms such as Springleaf Financial Holdings, and Newcastle Investment Holdings.
Recently, Fortress Investment Group was acquired by SoftBank. The new owners chose to retain him at the helm of the firm due to his track record. The acquisition is estimated to be worth about $3.3 billion. All the stakeholders of Fortress Investment Group approved the transaction. Randal Nardone ensured that all the regulatory requirements were met during the process. According to the management of SoftBank, the firm would still use its current business models and would operate as its subsidiary. The new owner is known globally for massive investments in technology.
Fortress Three Top Executives Split $44 Million Bonuses In 2015