Medical Office Building Financing News + More: Tax day; United Airlines earnings; Samsung Galaxy S8 released + MORE 04/17/2017

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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.

Protesters in cities across the country came out Saturday to call on President Trump to release his tax returns.

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The Chinese economy picked up steam in the first quarter.

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A Chinese financial services giant is back in front in the race to buy U.S. money transfer service MoneyGram.

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1. Tax day is coming: Ready or not, Tuesday is your last chance to file 2016 tax returns with the IRS.

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Former CBS anchor Dan Rather says it"s too soon to be praising President Trump for acting “presidential."

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Commercial Real Estate Financing News + More: China's economic growth climbs to 6.9% in the first quarter + MORE 04/17/2017

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Special Purpose Properties!

It is becoming increasingly difficult to get commercial loans for special purpose properties. Properties that do not fall in the categories of apartments or retail/office buildings are often placed in this special purpose classification. This means that business acquisition loans for commercial properties such as restaurants/bars and auto service businesses are frequently hard to find. Commercial financing will be even more difficult to locate for such specialized properties as churches, funeral homes, nursing homes and assisted living facilities.

A Chinese financial services giant is back in front in the race to buy U.S. money transfer service MoneyGram.

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Developers of a mixed-use project at the base of the George Washington Bridge in New Jersey have added two retailers to the roster of tenants, filling more than 80% of its shopping complex

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1. Tax day is coming: Ready or not, Tuesday is your last chance to file 2016 tax returns with the IRS.

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The Chinese economy picked up steam in the first quarter.

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Online home décor and furniture retailer One Kings Lane will open its first brick-and-mortar store in Southampton this Memorial Day weekend, as the company repositions itself from a flash-sale e-commerce site to a home furnishings brand.

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The addition of glass-walled office spaces atop older buildings is an investment a number of owners are making in hopes of boosting income and competing with newer office buildings in Manhattan.

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