AHP Servicing Unveils New 50 Million Regulation A Offering

first_img November 9, 2018 468 Views AHP Servicing Unveils New $50 Million Regulation A Offering Share in Foreclosure, Headlines, journal, News, Servicingcenter_img AHP Servicing Company News Foreclosure 2018-11-09 David Wharton AHP Servicing, a Chicago-based specialty servicer of past-due residential mortgages, announced today it has launched a new $50 million Regulation A (Reg A) offering to foster its mission of helping homeowners keep their homes out of foreclosure.AHP Servicing uses crowdsourced funds to purchase past-due loans at a discount, working with financial institutions to purchase loans that have fallen behind in payments but have the potential to be restructured or settled. It then works with homeowners to stay in their homes or resolve their debt at a discount.”With this offering, AHP Servicing empowers socially responsible investors to help financially strapped borrowers and homeowners retain their properties while offering investors a competitive preferred rate of return,” said DeAnn O’Donovan, President and CEO of AHP Servicing. “We’re flipping the switch on the traditional loan servicing model so that ROI is judged not just by dollars, but also by sense. We create a purpose in addition to creating a profit.”AHP Servicing’s sister company, American Homeowner Preservation (AHP), was the nation’s first crowdfunded distressed mortgage offering. It has a 10-year success story of socially responsible investing and keeping financially distressed homeowners in their homes. AHP Servicing combines all necessary functions in the mortgage servicing process brought together under one roof, under stricter controls.AHP Servicing’s Reg A Offering accepts investments of as little as $100. The offering returns up to 10 percent annually distributed in monthly dividend payments to investors, provided that the investment stays within the offering for at least two years. If funds are withdrawn earlier than two years, returns will be lower. AHP Servicing endeavors to return the principal investment within five years of the investment. To date, AHP’s prior offerings have not missed a monthly distribution. Returns are not guaranteed.”Our offering diversifies investor returns into an asset class that is not correlated to the stock market,” O’Donovan noted. “What’s more, our offering is available to both accredited and non-accredited investors. We offer best efforts liquidity and seek to deliver monthly distributions with annual preferred returns up to 10 percent.”O’Donovan noted that AHP Servicing is actively seeking socially responsible investors who are looking for investments that make real differences in people’s lives.”We welcome the opportunity to connect with socially conscious investment advisors, their clients, and foundations to invest in the offering. Together, their inputs and contributions will help fulfill our mission while delivering a return that really matters.”last_img read more

Go back to the enewsletter Australian travellers c

first_imgGo back to the enewsletterAustralian travellers can’t get enough of Oceania Cruises, with the local market soaring to now sit as the cruise line’s second largest source. And it’s the cuisine served onboard that is luring a large slice of new and returning guests, according to Oceania Cruises’ Vice President of Sales Australia and New Zealand, Steve McLaughlin.“I think we are leaning very heavily on that brand pillar of food,” McLaughlin told LATTE this week at an event in Sydney coinciding with the imminent arrival of Insignia to Australian waters after exiting a dry-dock in Singapore today.McLaughlin said food writers are increasingly inspiring Aussies to experience the Oceania product.“We’re actually not even in the Travel section of the Sydney Morning Herald some weeks. Some weeks we’re actually in the Food section, so we are appealing to a much broader audience. People may not have been looking for a cruise and they’ve accidentally come across our company,” he said.Oceania Cruises’ audience demographic is an average age of 59 – depending on the length of voyage and the destination – an age that is “coming down”, McLaughlin told LATTE.The biggest market share for the company is “definitely” NSW, followed then by Queensland and Victoria.In the past 18 months, Australia has jumped to the number two global market, overtaking the UK, which slipped to number three. Australian sales are only bettered by North America.“Very interestingly high is the significant number from New Zealand. They are Oceania’s fourth largest market in the world, not bad for a destination with a population less than Sydney.“So there’s some very interesting twists to where we find our customers, and actually one of the big pointers goes back to people love the culinary experience and Oceania’s very laid back experience. There’s no dressing up…”McLaughlin said the fly/cruise market for Oceania out of Australia to the Baltics and Mediterranean is enormous, accounting for between 63-65% of sales. “That’s a huge chunk of our business and so that is what we are focused on and do particularly well. And our repeat factor there is huge.”“We are also very successful selling back-to-back, and back-to-back-to-back voyages as there’s no repeat ports,” he explained.“Most Australians and Kiwis will go to Europe for certainly a month, sometimes two, sometimes three. They are escaping the cold weather. They go up there and have a great time.”McLaughlin said Australian frontline sellers are also very well versed on promoting and booking connecting sailings.“We’ve got the travel agents trained very well now to do the McDonald’s of the 1980s – to say “Would you like fries with that?” What we’ve got them now saying is “Did you realise where the ship will be on the voyage before, or that the ship goes onto Athens after you disembark? Have you been to that region at all?”“And for agents booking back-to-back-to-back voyages for two travellers counts as six people. That really helps our revenue and agents with commission.”Guests who book back-to-back cruises also receive special value-add on their second and third voyage.Further, McLaughlin noted that Oceania’s 180-night World Cruise have been very successful with Australian cruisers.“Our numbers that are going on it from Australia, on the full world cruise, are going through the roof. Prices are starting at just shy of $400 per person per day with absolutely everything included. So really, it’s not out of the ballpark for a lot of people.”Every year, between 200-400 passengers take the World Cruise. A significant figure when the ships have a capacity of around 650 guests.With the $150 million OceaniaNEXT revitalisation program scheduled and underway across Oceania Cruises’ four R-Class ships, and two O-Class ships, it begs the question, are more ships on the horizon?McLaughlin’s response? “We always have a burning desire to have more.”Go back to the enewsletterlast_img read more