Medical Office Building Financing News + More: New York Times reporter on Trump taxes story: It's not 'a crime to check your mailbox' + MORE 10/03/2016

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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.

Tesla is selling twice as many cars as it was a year ago.

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When New York Times reporter Susanne Craig checked her mailbox last month, she was greeted with a surprise.

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Director Nate Parker wants people"s focus back on his film “Birth Of A Nation" and not on his 1999 sexual assault case.

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A top economic adviser to Donald Trump called the Wells Fargo scandal “just stupid, greedy behavior."

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