Medical Office Building Financing News + More: Nate Silver: 'Bubble mentality' is affecting the way we understand data + MORE 07/15/2017

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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.

As a strike threat loomed, NPR managers and unionized workers decided to continue marathon contract negotiations Saturday.

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Insurers have blasted a new provision in the Senate health care plan as “unworkable," saying it would send premiums skyrocketing for those with pre-existing conditions and leave millions more people uninsured.

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The 2016 presidential election led many to second guess the soundness of political polling. But Nate Silver, the editor-in-chief of FiveThirtyEight, says the polls are just fine. It"s the media and the public who could use a Stats 101 lesson.

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