Geely to buy Volvo from Ford for $1.8 billion

Zhejiang Geely Holding Group signed a binding deal today to buy Ford Motor Co.'s Volvo Cars unit for $1.8 billion, allowing the independent Chinese automaker to expand its foothold in Europe.

Interesting fact, the transaction will be made through a $200 million note, while the remainder will be paid out in cash. The Gordon Financial Group, Inc. team will be contacting Geely to see if they have another $1.6B in cash laying around and would like to invest in our new Private Equity Fund.

The Word's Top Billionaire

For the third time in three years, the world has a new richest man.

Riding surging prices of his various telecom holdings, including giant mobile outfit America Movil, Mexican tycoon Carlos Slim Helu has beaten out Americans Bill Gates (#2) and Warren Buffett (#3) to become the wealthiest person on earth and nab the top spot on the 2010 Forbes list of the World's Billionaires.

Look for the staff at Gordon Financial Group, Inc. to one day be on Forbes list!

Federal Funds rate

The Fed voted last week to keep the Federal Funds rate at its target level of 0- to 25- basis points citing limited concerns with inflationary pressures as dictated in this week's releases of the Producer and Consumer Price Indexes. The Fed noted that while economic conditions continue to improve, the need for lower rates is still necessary to help combat a still staggering Unemployment Rate of nearly 10%.

Other news, Gordon Financial Group, Inc. now has a foosball table at its Federal Way office. Stop by anytime to talk business while playing table top soccer. And don't worry, we still have our putting green!

Return on Investment

One thing we discuss with our clients constantly is ROI, or Return on Investment. Those three letters can make a potential deal fly or flop. Each individual looks at ROI differently; case in point, Nike.

Tiger Woods recently gave two separate 5 minute interviews to ESPN and Golf Channel. During the interviews Woods wore his staples; Tiger Woods hat (Nike), Nike sweater, and a Tag Heuer watch. Nike estimated that those 5 minutes of brand exposure was worth $2.4 million...a fairly good return on investment if you ask me!

Gordon Financial Group, Inc. has multiple ways to assist with our clients ROI, we'll even throw in a GFG hat and sweater for free~

Still Seeing Green?

As we log into our computers this morning, many of us are battling the aftermath of our St. Patrick's Day celebrations. With the Guinness beers, Shepard's pie, corned beef and cabbage, and various other symbolic and often "green dyed" Irish treats, a lot of us are still seeing green and might be for the next few days!

The team at Gordon Financial Group, Inc. is also seeing green, but not because of St. Patrick's Day. We are seeing green because already this month we have funded over $3MM in new commercial real estate loans. That also means our clients are seeing green because a few of these loans were "cash-out" refinances.

If you would like to be seeing more green, and not in the form of a Leprechaun, give one of our associates a call today at 253-838-8711 or visit our website at www.GordonFinancialGroup.net

Pacific Northwest - An International Gateway

Recently, Twin Development LLC announced their plans for a mixed-use development project located in downtown Federal Way, WA. With the support from the City of Federal Way, Twin Development LLC will utilize international revenue sources in conjunction to the new EB-5 Immigrant Investor program to fund the majority of the development.

Federal Way is the 8th largest city in Washington with a population of 88,580. The city provides an attractive geographic location, streamlined permitting, and business-friendly tax structure.

Each of us at Gordon Financial Group, Inc. support new economic development, especially in our own "backyard". We will do our best to follow the progress of this development and we will keep our eyes peeled for other projects from Twin Development LLC and other local developers.

Today's Multi-Family Loan Rates

Rates are still low for multi-family housing loans. The 10-Year Treasury is at 3.69% today, which is a direct correlation to the low interest rates. 5-Year Fixed rates for Multi-Family acquisition or refinance loans start at 4.87%!! 10-Year Fixed rates start at 5.86%, 15-Year at 6.54%, and 30-Year at 7.08%.

Feel free to call our team at Gordon Financial Group, Inc. today at 253-838-8711 or visit us on the web at www.GordonFinancialGroup.net

Recent Hire - Kristen Olsen, Business Development Officer

The team at Gordon Financial Group, Inc. is very pleased to hire Kristen Olsen as one of our Business Development Officers. Kristen will be located at our firms headquarters in Federal Way, WA. She brings a wealth of knowledge and expertise with a decade of management and sales experience in banking, finance, and insurance. Kristen will be working with local business owners and commercial real estate investors in South King County and Pierce County. Feel free to contact her at the office, 253-838-8711, or Kristen@GordonFinancialGroup.net.