Medical Office Building Financing News + More: Illinois to yank billions from Wells Fargo amid scandal + MORE 10/01/2016

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Debt Service Coverage Ratio!

The most flexible approach to Debt Service Coverage Ratio for a commercial property loan will require a Debt Service Coverage Ratio in the range of 1 to 1.2, with exceptions permitting a Debt Service Coverage Ratio less than 1.
It is not unusual to encounter a minimum commercial real estate loan requirement of $500,000 to $1,000,000.
Many traditional banks require three to nine months to close a commercial mortgage. A more action-oriented commercial lender will close commercial real estate loans in 45 to 60 days.

Dennis Singleton was a soldier preparing to go to Afghanistan in 2013 when he found out from his former wife that Wells Fargo had repossessed their car in North Carolina.

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Wells Fargo customers are still reeling from the news that fraudulent accounts may have been opened in their names without their permission. But the reality is it can happen to anyone.

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Tesla CEO Elon Musk found out his sales team has been offering discounts on cars — and he"s furious.

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The Illinois treasurer plans to yank billions of dollars worth of business from Wells Fargo in the wake of the bank"s fake account scandal.

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