Commercial Real Estate Financing News + More: Tim Cook: 'Apple would not exist without immigration' + MORE 01/29/2017

Medical Building Loans For HealthCare Professionals- Click Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

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.

The Sinclair Lewis novel “It Can"t Happen Here," about a gradual fascist takeover of the United States, has joined George Orwell"s “1984" on Amazon"s list of its best-selling books.

Continue Reading On rss.cnn.com »

Donald Trump and other supporters of the Keystone XL pipeline tout it as a major source of jobs.

Continue Reading On rss.cnn.com »

The Trump administration"s immigration ban means that an Oscar nominee, Asghar Farhadi, may not be able to attend the awards ceremony next month.

Continue Reading On rss.cnn.com »

Read full story for latest details.

Continue Reading On rss.cnn.com »