Medical Office Building Financing News + More: Amazon-Whole Foods merger gets green light from U.S. government + MORE 08/23/2017

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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.

Ferrari has released photos of the new convertible model it will unveil at the Frankfurt Motor Show next month. The V8-powered Ferrari Portofino will replace the California T, Ferrari"s entry-level model.

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Many newspaper front pages on Wednesday featured a photo of President Trump with headlines that mentioned him by name. They touched on themes from his blustery speech at a rally in Phoenix, Arizona.

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The U.S. government won"t try to stop Amazon"s $13.7 billion takeover of Whole Foods, a deal that has massive implications for both e-commerce and how we shop for food.

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James Damore, the Google engineer who was fired after he wrote an explosive memo on diversity, has retained an attorney.

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