Medical Office Building Financing News + More: Brian Stelter: Journalists must make time for 'soul searching' after election + MORE 11/13/2016

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Sourcing And Seasoning Assets. Seasoning of Ownership!

This particular problem will not be relevant to all business borrowers. However, if it is relevant, you should seek out a lender without sourcing and seasoning requirements or limitations. Most banks have strict guidelines for sourcing and seasoning of assets or ownership to qualify for commercial real estate loans. For a purchase, commercial lenders will frequently want documentation about where the down payment is coming from (sourcing). Commercial lenders will also frequently have very specific requirements stipulating that the funds must have been in a specific account for a specific period of time, often 3-6 months or longer (seasoning). Seasoning of ownership is similar to seasoning of funds, except this requirement involves the minimum time someone has owned a commercial property before they can refinance the property.

President-elect Donald Trump is continuing his battle with one of the country"s biggest news outlets, the New York Times.

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Online shoppers in the Middle East are about to get more choice.

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Carl Icahn is a vocal supporter of Donald Trump, but he doesn"t see eye-to-eye with all of his policies.

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CNN"s Brian Stelter says journalists “will have to reckon with" the media coverage of this year"s presidential election.

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About five years ago, a series of tragedies had left the residents of Santa Monica, California, on edge. In the months that followed, city officials sought ways to bolster the community.

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