Tag Archives: Peak

Peak Corporate Network Entities Celebrate 20th Anniversary

Posted on by


(PRWEB) July 19, 2011

As visionaries and innovators in the actual estate market, Eli Tene and Gil Priel, Co-founders and Managing Directors and Principals of the Peak entities, are celebrating twenty years in business with each other.

&#13

Starting with the creation of Peak Economic Partners, Inc. in 1991, Tene and Priel created a winning formula over the past twenty years providing ‘Everything True Estate’ for a diverse clientele of private investors, lenders, servicers, agents and brokers, home owners and homebuyers. Created to fill the ever-changing actual estate requirements in a complex marketplace, Tene and Priel built a platform of Peak entities to provide real estate investments, brokerage and loan services, foreclosure processing, 1031 Exchange, escrow solutions, distressed workouts and loan modifications.

&#13

According to Tene, “Our desire to offer the very best 1-cease resource for actual estate solutions was the driving force behind the formation of the Peak entities, and right now, we are the only complete, in-residence real estate remedy provider in the United States.”

&#13

“We’re exclusive because we’ve managed to sustain a private, boutique feel to organization whilst performing big and complicated transactions,” stated Priel. He continued, “Our capability to offer you the variety and range of services that we provide with a level of service uncommon in the market has certainly led to our longevity and the extended-standing relationships we take pleasure in with our customers.”

&#13

Committed to being the best in its field, the Peak Corporate Network entities have a reputation of efficiency, honesty, and supplying the highest levels of safety, privacy and excellence in procedure fulfillment.

&#13

Taking its accomplishment to the next level, Tene and Priel have an ambitious growth plan underway and have relocated the Peak Corporate Network entities to a new, larger corporate headquarters in Warner Center (Woodland Hills, California).

&#13

The Peak Corporate Network is not a company entity the brand represents a group of associated separate legal entities every offering its exclusive set of true estate solutions.

&#13

###

&#13
&#13
&#13
&#13
&#13

Peak 1031 Exchange, Inc. Gives Capital Gains Tax Liability Help on Commercial Property Foreclosures

Posted on by

(PRWEB) February 28, 2012

Commercial real estate owners on the foreclosure track could potentially incur stiff tax liabilities in addition to the loss of their investment, stated Kevin M. Levine, Executive Vice President of Peak 1031 Exchange, Inc. (http://www.peakexchange.com), a Qualified Intermediary, unless they take into account all the outcomes of relinquishing the asset. Industrial owners could have factored in all variables when exiting a commercial endeavor, but the IRS is the crippling X factor that exponentially amplifies the loss of the asset.

&#13

Relying on current information estimating that roughly $ 360 billion in commercial debt will mature in 2012, Levine estimates that some owners will either not be able to restructure the debt sufficiently to retain the asset nor be capable to function out a answer with the lender. Simply because many of these loans are written as non-recourse loans safeguarding the borrowers personal assets in the event of a default, Levine continues, borrowers dont aspect in the impact of the computed loss on the foreclosed commercial asset being classified for capital gains purposes. Most borrowers are unprepared for this. The IRS categorizes the loan amount deficiency — that is, the remaining balance among the tax basis of the property in query and the balance of the unpaid loan — as a realized obtain for tax purposes.

&#13

Although Levine admits that at some point capital gains taxes owed should be happy, exchanging the property in a 1031 exchange is not only inventive, but allowed under the existing tax code to defer capital gains taxes. The 1031 exchange route presents a feasible alternative to distressed industrial borrowers seeking a strategic exit from the liability with an eye to mitigating future tax liabilities. In order for the exchange to a valid, nonetheless, the borrower have to sign over the title to the 1031 exchange Qualified Intermediary ahead of the house is sold at auction, and the interested purchaser must be produced conscious that title is held by the Intermediary.

&#13

The volatility of the past cycle is beginning to stabilize, revealing new opportunities for industrial genuine estate investors, says Levine, even in the arena of investors incurring a loss of equity or total loss of asset. Minimizing or deferring any possible tax liability through the 1031 exchange approach is one way of putting investors back on the road to recovery.

&#13

Peak 1031 Exchange, Inc. is one particular of the entities in the Peak Corporate Network headquartered in Woodland Hills, California. In addition to industrial loan modifications, the Peak Corporate Network entities offer you mortgage lending, loan servicing, brief sale solutions, foreclosure solutions, actual estate brokerage and escrow solutions. For a lot more details, check out http://www.peakcorp.com.

&#13

The Peak Corporate Network is a brand that represents a group of associated separate legal entities, every delivering its exclusive set of true estate services.

&#13

###

&#13
&#13
&#13
&#13
&#13

Peak Corporate Network Entities’ Principal, Eli Tene, States Much more Clarity Concerning Short Sales Outlook is Crucial to Predicting Actual Estate Recovery

Posted on by


(PRWEB) June 27, 2012

Current sector reports show that Southern California residence sales accelerated sharply in Might and prices improved for the second consecutive month mirroring a national trend of sales acceleration spurred by bargain-basement mortgage prices and declining foreclosures. Eli Tene, co-founder, Managing Director and Principal of the Peak Corporate Network entities (http://www.peakcorp.com) contends that with the uncertainty with regards to brief sales in the subsequent 12 months, clear analysis about a true estate recovery is shrouded.

&#13

Tene states, The Mortgage Debt Relief Act expires December 31st, and there has yet to be any indication if Congress will extend that Act into 2013. If the Act is not to be extended beyond 2012, expect quick sales to plummet in 2013, with true estate sales to endure accordingly.

&#13

The Mortgage Debt Relief Act, very first enacted in 2007, permits homeowners who have received principal reductions on their mortgages as the result of loan modifications, short sales or foreclosures to avoid revenue taxation on the amounts forgiven. Prior to 2007, all cancellations of debt by creditors whether on auto loans, private loans or mortgages have been treated as taxable events under the federal tax code.

&#13

Under the debt relief law for certified home owners, you can keep away from taxation on forgiven mortgage amounts up to $ two million (married filing jointly) and $ 1 million for single filers. To be eligible, the debt should be canceled by a lender in connection with a mortgage restructuring, brief sale, deed-in-lieu of foreclosure or foreclosure. The transaction need to be completed no later than December 31, 2012.

&#13

Given the enormous public and private resources now becoming devoted to assisting financially-distressed homeowners which includes a $ 25 billion national mortgage settlement with five major banks some real estate authorities contend that a essential federal tax law advantage underpinning these efforts would be a shoo-in for renewal. Conversely, election-year politics and a contentious lame-duck, year-finish congressional session loaded down with tax and budget troubles could doom renewal of the debt relief tax legislation and put huge numbers of loan modification participants deeply in the hole. Republican strategists say the price of continuing the system $ 2.7 billion for two years is substantial adequate to catch the eyes of price range-deficit hawks. Beyond that, they add, some members of Congress might be opposed to what they see as nonetheless an additional targeted federal advantage for men and women who didnt pay their mortgages subsidized by taxpayers who did the appropriate issue and stayed present on their loans, even whilst underwater or facing severe economic distress.

&#13

Regardless of whether youre a homeowner contemplating a quick sale or a legislator wondering no matter whether or not to extend the Mortgage Debt Relief Act beyond December 31, 2012, time is of the essence, stated Tene. With the offered uncertainty, brief sales predictions can’t be clear, and that in turn impacts general predictions about a real estate industry recovery.

&#13

As a leading authority in the true estate market, The Peak Corporate Network entities offer a complete array of complete genuine estate solutions nationwide like brokerage services, mortgage financing, loan servicing, escrow services, brief sales, foreclosure processing and 1031 exchange. For a lot more details, pay a visit to http://www.peakcorp.com

&#13

The Peak Corporate Network is a brand that represents a group of associated separate legal entities, each and every delivering its unique set of genuine estate services.

&#13
&#13
&#13
&#13
&#13

Peak Corporate Network Entities’ Principal, Gil Priel, Lauds CA Homeowner Bill of Rights for Requiring Lender Single Point of Speak to for Distressed Borrowers

Posted on by


Woodland Hills, CA (PRWEB) July 18, 2012

Gil Priel, Co-founder, Managing Director and Principal of the Peak Corporate Network entities (http://www.peakcorp.com), a top provider of complete services for Almost everything Genuine Estate, mentioned nowadays that even though the new California Homeowner Bill of Rights Law final week signed by California Governor Jerry Brown is far from best, one certain aspect of the law requiring a lender to supply to the borrower 1 point of contact for foreclosure and/or loan modification will relieve borrowers from obtaining the run-around.

&#13

Numerous property owners in California facing foreclosure even though searching for a loan modification have been frustrated when they would be communicating with one person from their lender and all of a sudden be told that another person should be the 1 handling documents for the loan modification.

&#13

Starting January 1, 2013, the California Homeowner Bill of Rights will: &#13

Ban “dual-tracking” (which is when banks pursued foreclosure even though the homeowner was in search of a loan modification) &#13

Need 1 lender get in touch with person per buyer &#13

Boost penalties for lender robo-signing (which automatically approves foreclosure without having any individual reading documents) &#13

Let property owners sue lenders for violations

&#13

The American dream of homeownership has turned into a time-drain nightmare for lenders and borrowers alike thanks to what has up until now been a somewhat murky world of hopes derailed and false promises for these attempting to keep away from foreclosure and obtain a loan modification, stated Priel.

&#13

Priel noted that even though property owners will garner higher accountability from lenders, the law doesnt address the potential for irresponsible behavior by home owners when it comes to filing frivolous lawsuits. To some degree, frivolous lawsuits will be time-wasting and resources-draining and heightened lender charges connected with difficult frivolous lawsuits will, unfortunately, probably be passed on to customers performing business with lenders, said Priel.

&#13

As a major authority in the real estate market, The Peak Corporate Network entities give a full array of comprehensive genuine estate solutions nationwide including brokerage solutions, mortgage financing, loan servicing, escrow services, quick sales, foreclosure processing and 1031 exchange. For a lot more data, check out http://www.peakcorp.com

&#13

The Peak Corporate Network is a brand represents a group of connected separate legal entities, every single delivering its unique set of true estate services.

&#13
&#13
&#13
&#13
&#13

Much more Loan Modification Services Press Releases

Peak 1031 Exchange, Inc. Reports Significant Improve in Genuine Estate 1031 Exchange Transactions with the Approach of the November 6th Election

Posted on by


Woodland Hills, California (PRWEB) November 02, 2012

The 1031 Exchange alternative is emerging as a a lot more well-liked avenue for real estate investors, offered the election-year uncertainty over the future of capital gains taxes, states Kevin M. Levine, Executive Vice President of Peak 1031 Exchange (http://www.peakexchange.com). The political brinkmanship in Washington more than extending or ending Bush-era tax cuts has left investors in the lurch concerning the standard asset disposition procedure that is a natural part of the ebb and flow of industrial real estate. Deferring capital gains is a major consideration in a typical sale of property, and numerous are opting for the safety of the like-kind exchange for house until the dust settles.

&#13

Levine explains that, due to the stronger returns on actual estate compared to classic equities in 2012, commercial true estate has seen healthful activity in main and tertiary markets in 2012 from institutional as well as smaller investors. For the modest and mid-size investor, a prospective increase in capital gains if tax cuts are permitted to expire creates substantial barriers barring their contribution to industrial true estates current expansion. An enhance in capital gains tax cuts will have the most impact on quick term capital gains, defined by the tax code as profits from assets held for far more than one particular year, which presently follows the identical individual tax price.

&#13

Weve observed a tremendous spike in 1031 Exchange transactions with our client base in wake of the possible boost in the capital gains taxes, states Levine. Our investor base is leveraging the positive aspects of the 1031 Exchange method to reduce their tax price by classifying the proceeds as ‘long term capital gains,’ ” at the moment at 15% with a prospective boost to 20% in January 2013 if there is no extension of tax cuts. It makes sense for smart genuine estate investors who dont want to see their expansion into new markets encumbered by tax issues to contemplate the positive aspects of a like-kind exchange procedure.

&#13

Peak 1031 Exchange, Inc. is one particular of the entities in the Peak Corporate Network headquartered in Woodland Hills, California. In addition to commercial loan modifications, the Peak Corporate Network entities offer mortgage lending, loan servicing, short sale solutions, foreclosure services, actual estate brokerage and escrow services. For a lot more details, visit http://www.peakcorp.com.

&#13

The Peak Corporate Network is a brand that represents a group of connected separate legal entities, each delivering its exclusive set of true estate services.

&#13
&#13
&#13
&#13
&#13

“Options exist” for Genuine Estate Investors In spite of Modification of Bush Tax Cuts, says Peak 1031 Exchange, Inc. Executive Kevine M. Levine.

Posted on by


Woodland Hills, CA (PRWEB) February 08, 2013

In what appears to be holding up as a strong true estate marketplace delivering fairly advantageous returns as we enter 2013, it may well look that the expiration of Bush-era tax cuts and substitution of the increased capital gains tax rates established by The American Taxpayer Relief Act of 2012 could lessen options and returns for the upper-earning investor.

&#13

Not so, says Kevin Levine, Executive Vice President of Peak 1031 Exchange Inc. (http://www.peakexchange.com), Even though at initial glance, federal and state tax prices could rise a staggering 58% for actual estate investors beneath numerous aspects of post-Fiscal Cliff and other new legislation, there are ways to soften and delay that form of impact.

&#13

Levine advises investors with an eye on lengthy-term returns to assess each their portfolio and their sense of exactly where the industry is headed and — if they stay committed to genuine estate as a channel for robust returns and inflation protection — to investigate a 1031 exchange to defend gains to date and defer the bite of elevated taxes for now. Executing a 1031 exchange permits a actual estate investor to defer the capital gains taxes generally due on the sale of a home by way of a like-type home exchange rather than an outright sale.

&#13

For the upper-earnings investor, the capital gains tax rate has improved from 15% to 20%, to which must be added state taxes in certain states as effectively as a 3.8% Medicare surtax on net investment income — but under a 1031 exchange, all of these improved taxes are deferred. In reality, Levine points out, investors had already begun to come to Peak 1031 Exchange, Inc. to investigate and execute these kinds of transactions even just before the Fiscal Cliff was averted at years end. It turns out to have been a wise defensive move then, he says, One particular that, for the proper investors, seems even smarter to check out proper now.

&#13

Peak 1031 Exchange, Inc.(http://www.peakexchange.com) is a leading national provider of tax-deferred 1031 exchange solutions, specializing in all like-type transactions including Simultaneous, Delayed, Reverse, Improvement and Individual Home exchanges. It is part of the Peak Corporate Network (http://www.peakcorp.com), a brand representing a group of entities providing a complete array of commercial and retail actual estate services nationwide which includes mortgage lending, loan servicing, brief sale solutions, foreclosure solutions, real estate brokerage and escrow services.

&#13
&#13
&#13
&#13
&#13

Related Loan Modification Services Press Releases

New Demand Response Programs Balance Grid Peak Demand and Give Extra Revenue for Participating Corporations

Posted on by


Philadelphia PA (PRWEB) May 31, 2013

National Energy Technologies Announces a partnership approval as Direct National Affiliate provider for En ergy Curtailment Specialists (ECS). ECS is the Nations premier Demand Response (DR) specialist. Demand Response applications have turn out to be an essential element of energy arranging. Rather than build additional energy plants or impose rolling blackouts just to satisfy peak instances of intense grid shortages, power firms are adopting Demand Response programs. DR allows electric grid operators to decrease program tension for the duration of rare emergency peak events. The big user gets rewarded drastically to stand prepared to lessen a pre-determined amount of electricity as a final line of method defense. The events are uncommon, completely predictable and usually only final for two hours.

&#13

National Energy Technologies has partnered with ECS since of their grid tension prediction ability, their exclusive shadow meter and their curtailment call center strategists. ECS is so immersed in grid supply and weather patterns that their curtailment group is in a position to provide up to two days notice before an event.

&#13

ECS has been in the business for over ten years placed over 1200 satisfied clientele and has paid out over $ 150 million to plan participants. According to Scott Milne, CEO of National Power Technologies, “Demand Response reduces pollution, positive aspects the power organization, and produces a new huge earnings stream to a company. A actual Win, Win, Win.”

&#13

With no expense, a trace meter will be installed to enable the curtailment management team to accurately monitor events in genuine time. Along with the shadow meter will comes the patented cutting edge Demand Track software program.

&#13

Demand Track is a strong cloud based platform that makes it possible for customers to view information, charts and reports that make plan administration easy. A demand response consultant will very carefully analyze business practices and will assist in figuring out the correct curtailment procedures and amounts. Participating in the event is not mandatory and does not need to completely meet the pre-determined objective. Participation in the plan is fully free of charge and reward will be determined by curtailment quantity, and the capability to meet these commitments. This system is perfect for huge organizations with effective back-up generation or co-generation systems. Utilizing these systems in the course of an DR occasion can let for extra curtailment without effecting operation.

&#13

National Energy Technologies LLC has elevated the common of excellence of Conservation Consulting Solutions by combining knowledge in several utility reduction practices in a comprehensive but holistic method. We are a industrial facility conservation consultant specialist. Our firm will introduce, and seek the advice of on targeted technologies made to maximize utility savings with the shortest ROI. Our tactics will save from five to 25% on electrical energy, cooling, water, or fuel, by correcting inefficiencies in air conditioning, large refrigeration, lighting, laundry, compressed air, water flow and many other resource depleting activities. National Power Technologies performs power assessments, corporate counseling, public speaking, and can seek the advice of on demand response, deregulated power contracts as nicely as ongoing power modeling. Our technicians are efficiency specialists and realize all elements of huge facility infrastructure. 800-984-0332

&#13
&#13
&#13
&#13
&#13

Much more Administrator Press Releases