Commercial Real Estate Financing News + More: Mega-Development Gets Under Way on Long Island + MORE 12/05/2016

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Recall/Balloon Features

These terms are used by many banks to effectively shorten most commercial real estate loans to 3-7 years. Short-term loans (less than fifteen years)
15-40 year commercial property loans without recall/balloon features are available. Please note that processing/retainer fees are not included in this discussion of commitment fees. Processing/retainer fees should be viewed as an acceptable and standard business practice when dealing with commercial real estate loans.

1. Italy"s referendum: The euro fell against the dollar and investors braced for a bumpy ride on Monday as Italy appeared headed for a period of political and financial turmoil.

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The popular HBO show Westworld has helped bring artificial intelligence into the mainstream. On the show, human-like robots welcome guests to a Wild West-inspired amusement park.

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As Long Island’s Glen Cove prepares to break ground Tuesday on one of the region’s biggest real-estate projects, it faces opposition even as some residents have warmed to such large-scale developments.

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Manhattan’s softening retail market is making allies of the pop-up and the landlord.

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The euro fell against the dollar and investors braced for a bumpy ride on Monday as Italy appeared headed for a period of political and financial turmoil.

Continue Reading On rss.cnn.com »

Sales of arms by American defense companies have declined for the fifth consecutive year in 2015, while European firms saw their sales jump.

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