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A bridge loan is a short-term financing tool meant to furnish immediate and crucial cash flow until permanent financing is secured. This occurs often when traditional lenders might be reluctant to grant the funding unless the loan is secured by high-value assets used as collateral. On the other hand, however, before completing the purchase, a proposed buyer might be in…
Protecting your brand is fundamental when entering any market and for the success of any business: (1) your brand is the first thing that the customer sees when buying a product or a service, (2) you want your brand to be recognized over other competitors’ brands, and (3) the more your business grows, the more valuable your brand is, making…
What Is An NFT? How Do NFTs Work?Binance, the largest cryptocurrency exchange in the world, advertised that it would release its own Non-Fungible Token (NFT) market on June 24, following the steps of other major players in the industry, such as Gemini. Like cryptocurrencies, NFTs are digital assets that register an immutable transaction on a blockchain. The majority of NFTs…
Before entering into a contract to purchase a condo unit or a cooperative apartment, the Purchaser’s attorney has the duty to uncover existing or potential problems. If the Purchaser discovers an issue after signing the contract, she or he will be out of luck most of the time. Thorough due diligence includes reviewing many items. First and foremost, a complete…
It’s no secret that recently, prices for commercial rents plummeted in New York. With so many businesses that went belly up, the excess inventory is quite large, especially regarding restaurant spaces. On the other hand, the economic rebound is now in full progress. To sum up, this will be the best time in several years to launch a new restaurant…
The European Union’s General Data Protection Regulation (GDPR), which was approved by the European Parliament in 2016 and became enforceable in 2018, is arguably the most comprehensive and far-reaching digital privacy law across various jurisdictions. Several US-based businesses are required to comply with the GDPR because any US organization that provides services or products to, or monitor the behaviors of,…
The number of artists in the United States is significant. “Artists” as it is defined for immigration purposes at least. In fact, one of the most common visas is the O-1, also known as the Artist Visa. To be more precise, the O-1 visa is not reserved exclusively for artists, but for all those who can show extraordinary ability in…
The Food and Drug Administration (FDA) maintains and regularly updates a complex set of guidelines to ensure that food and other products sold for ingestion or external use on the human body are safe for human consumption. Compliance with the FDA guidelines also helps to ensure that people with allergies or dietary restrictions can easily identify and avoid products which,…
Real estate investment deserves its reputation as a lucrative source of income, but investors must always be aware of the constant changes to the laws on taxes related to real estate properties, since these rules change frequently, with the numbers and percentages changing from one year to the next. No two years are alike as far as real estate investing…
In the healing of New York, more and more businesses are starting to move back to offices slowly. Commercial landlords are getting creative with their incentives to get new tenants to sign long-term leases while ensuring the tenants will observe Covid-19 safety precautions. In order for financially bleeding businesses to come back to their pre-pandemic volumes, many tenants – especially those…