Shriners Hospitals for Children
A co-principal at Florida-based First Financial Tax Group, Barry M. Kornfeld is a seasoned financial advisor leading a firm that specializes in co-lending opportunities (CLO’s), previously known as first position commercial mortgage notes (FPCMs). This is a safer fixed income alternative that provides a real estate-secured return of at least 6 percent per annum, with interest paid monthly, and a term of just 9 months. Outside of his professional endeavors, Barry Kornfeld actively contributes to charity and supports the Shiners Hospitals for Children.
A world leading medical institution in the treatment of pediatric burns, spinal cord injuries, orthopedic conditions, and clef palate and lip, Shiners Hospitals for Children provides treatment and care for children irrespective of the family’s capacity to pay. It operates in 22 locations in North America.
In July 2017, the hospital launched Birdies for Charity, a fundraising campaign where supporters throughout the country can guess how many birdies will be hit during the 2017 Shriners Hospitals Children Open scheduled for November 2-5, at TPC Summerlin in Las Vegas. During this event, supporters can donate a specific amount for every birdie hit. The winner will receive an all expense paid trip to the 2018 Shriners Hospitals for Children Open; the annual golf tournament is an official PGA Tour Event.
Barry M. Kornfeld is a financial advisor who, alongside his wife, leads First Financial Tax Group with more than 50 years of combined experience. Beyond his responsibilities at the Florida-based company, Barry Kornfeld supports the Shriners Hospitals for Children, which promotes anti-bullying initiatives through its CutTheBull campaign.
Bullying is a serious problem in schools across the country, and the National Center for Education reports that one in four US students will experience bullying. The numbers increase for children with disabilities due to the perceived differences between them and students who are not disabled. Furthermore, studies indicate that most incidents of bullying go unreported. Without intervention, bullying can cause depression, anxiety, and poor academic performance for children who are targets of the behavior.
Shriners Hospitals for Children’s CutTheBull campaign focuses on addressing bullying and promotes acceptance of children with disabilities. The campaign consists of three primary components: respect, reach out, and respond. It begins by inspiring children to look beyond their differences and see the potential in others while reaching out to those on the receiving end of bullying. Additionally, the campaign encourages children to become advocates for those who have been bullied and to report incidents of bullying they witness.
CutTheBull provides a number of community resources that include anti-bullying tip cards and a tool kit designed to empower children and anti-bullying supporters. The tool-kit promotes advocacy and offers guidance on igniting discussions on bullying prevention. Resources also include articles written by Shriners Hospitals for Children authorities on bullying and its effect on children with disabilities.
Barry M. Kornfeld is an experienced financial advisor based in Boca Raton, Florida. As a principal of First Financial Tax Group, Barry Kornfeld advises clients on alternative income and wealth management opportunities, including first position commercial mortgage (FPCM) notes.
For individuals planning for, or who are already in, retirement, first position commercial mortgage notes present an attractive alternative income source. First position commercial mortgage notes allow clients (of a given financial institution) to act as lenders of private third party loans. Secured by high value commercial real estate properties such as multifamily residential buildings, office buildings, and retail centers, these bridge loans yield monthly interest payments for a relatively short duration. At a minimum, they provide returns of six percent for one year, paid out monthly.
FPCM notes are a lower-risk option for individuals seeking alternative monthly income. As indicated by their name, first position commercial mortgage notes allow lenders to hold the first lien on a commercial property. This ensures that they hold priority over all other lien holders, giving them greater security.
First position commercial mortgage notes typically require a low minimum initial commitment of just $25,000 and may be strategically incorporated into a diverse array of financial portfolios. To take advantage of this opportunity, lenders may use funds from a variety of accounts, including trusts, joint accounts, or IRAs.