Commercial Real Estate Financing News + More: Russians Score as London Property Falls + MORE 09/30/2016

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Debt Service Coverage Ratio!

The most flexible approach to Debt Service Coverage Ratio for a commercial property loan will require a Debt Service Coverage Ratio in the range of 1 to 1.2, with exceptions permitting a Debt Service Coverage Ratio less than 1.
It is not unusual to encounter a minimum commercial real estate loan requirement of $500,000 to $1,000,000.
Many traditional banks require three to nine months to close a commercial mortgage. A more action-oriented commercial lender will close commercial real estate loans in 45 to 60 days.

Commercial property price growth continued to log steady gains in August, fueled by the trinity of low interest rates, steady capital flows and strong property level performance, according to the most recent results of the CoStar Commercial Repeat-Sale Indices (CCRSI).

CRE prices remained resilient in August as once again, the CCRSI equal- and value-weighted national composite price indices both advanced in the last full month of summer…

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Wells Fargo will pay $24 million to settle allegations that it mistreated members of the military — including illegally repossessing their cars.

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A weakened ruble is softening the blow of a falling post-Brexit property market in London for Russian investors.

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Members of Congress are alarmed over horror stories from Wells Fargo workers who say they were fired after blowing the whistle on illegal activity.

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For the second time in just over five years, a train crashed at one of New Jersey"s busiest stations.

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Commercial nonresidential real estate debt outstanding increased 5.4% in the past year and is just $14.4 billion shy of the last peak in 2008, according to the latest data from the Federal Reserve for the second quarter.

Commercial nonresidential debt grew by $34.6 billion last quarter. At that pace, it is likely to surpass its pre-recession peak this quarter…

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