New intuitive software and mobile applications, says the owner of one of the most successful property management enterprise in Santa Barbara, give investors and builders a greater selection of lending and borrowing opportunities across a variety of real estate asset classes and geographies. California’s crowdfunding or peer-to-peer lending projects emerged after the adoption of the Jumpstart Our Business Startup (JOBS) Act in 2012, which significantly democratized the ways, in which sponsors raise funds for real estate acquisitions and development. The new regulation allowed the previously banned practice of advertising or openly soliciting private funding from accredited individuals and firms. Anyone with a net worth of $1,000,000, excluding ownership of their personal residences, or with an annual income of $200,000 or a household with $300,000 per annum, if filed jointly with a spouse, can become an accredited investor. The amendments gave the green light to individual borrowers and lenders to participate in debt and equity financing, where loans generate income in the form of interest, without an official financial institution involved as an intermediary. The online marketplace has created a new avenue for property owners and funders to browse new investment offerings, perform due diligence, access dashboards to track how assets and financial products are performing.
The wall of the dam contains an engines room appointed with 17 generators creating the energy. 16 of them are large generators while two smaller ones operate as a single generator, used to give hydroelectric energy to surrounding communities. Kenny Slaught notes that the power generated from the dam is allocated across 15 areas. Among the biggest power consumers, Southern California uses up to 28% of Hoover Dam’s power, followed by the State of Nevada with 23% and the State of Arizona at 18% of consumption volume. The dam also provides power to Native American tribes stationed in the area. Additionally, 90% of Las Vegas’ water is from the Hoover Dam. Inside the dam is called Lake Mead. At its highest water volume, it could be the largest water reservoir anywhere in the United States. Currently, the Hoover Dam is under the control of the United States Bureau of Reclamation and it is known as one of the country’s most breathtaking must-go places to visit.
The economy-boosting structure was built during the American Great Depression period, between 1931 and 1936, costing the government $49 million dollars. The dam was initially named Boulder Dam, but was later switched to Hoover Dam in honor of the then-President Herbert Hoover, who made significant contributions to the construction of this prodigious project. With 221 meters in height, 379 meters in width, and more than 35.000 cubic kilometers of total capacity, the dam could top 4,2 billion kWh2 annually, explains Kenny Slaught.
Explaining Hoover Dam’s history Kenny Slaught says that the radical structure was made during the American Great Depression period, between 1931 and 1936, costing the government $49 million dollars. Previously, the dam was named Boulder Dam, but was called Hoover Dam eventually as a tribute to the then-President Herbert Hoover, who had made big contributions to the establishment of this great development. With 221 meters in height, 379 meters in length, and more than 35.000 cubic kilometers of full capacity, the gigantic structure could produce more than 4,2 billion kWh2 per year.
On the border between the states of Arizona and Nevada, in the United States, sits the Hoover Dam, an immaculate project designed to give water and hydroelectric energy to a large part of that region. Taking advantage of the immense power generated by the Colorado River, California-based real estate expert and thoughtful Kenny Slaught acknowledges the impact of the miraculous architectural structure on the communities’ supply of water and power resources. Slaught has recently talked about Hoover Dam on his blog at KennySlaught.com, stressing that the massive water capacity of the dam built some of America’s most deserted outposts into fast growing economies.