Medical Office Building Financing News + More: IMDb will have to remove actors' ages under new law + MORE 09/26/2016

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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.

Trivia players, watch out: The ages of some Hollywood actors and actresses may soon vanish from IMDb.

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The Commission on Presidential Debates has some advice for debate moderators this fall: leave the fact-checking to the candidates.

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There is a great deal at stake at the first presidential debate between Hillary Clinton and Donald Trump. One of those things — not nearly so significant as who will be the most powerful person in the world, certainly, but unquestionably there — is the reputation of a news network.

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Rolling Stone is teaming up with the son of an Asian business giant.

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On the weekend leading up to 2016"s first presidential debate, four news organizations came to a similar and sweeping conclusion: Donald Trump lies more often than Hillary Clinton.

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