Medical Office Building Financing News + More: Wall Street doesn't want this Trump official to quit + MORE 08/21/2017

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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.

We finally have a name for Google"s latest mobile operating system: Android Oreo.

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At least 11 organizations have canceled fundraisers at Mar-a-Lago, President Trump"s Florida resort.

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Wall Street didn"t flinch at the sudden exits of White House officials like Steve Bannon, Reince Priebus and Sean Spicer. Things may not stay as calm if Gary Cohn follows them out the door.

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Foxconn"s plan to create thousands of jobs in Wisconsin is moving right along.

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As President Trump prepares to address the nation Monday evening to announce his strategy in Afghanistan, it"s worth noting how much the longest U.S. war in the country"s history has already cost Americans financially.

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