Medical Office Building Financing News + More: Stephen Colbert and 'Stephen Colbert' bid farewell to Bill O'Reilly + MORE 04/20/2017

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Stated Income Options Available

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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.

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Beijing"s internet regulators are turning up the heat on Apple.

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Hours after 21st Century Fox announced Bill O"Reilly"s ousting from Fox News, former contributor Kirsten Powers recalled complaining about the former anchor"s behavior. She said she was told, “You know Bill, there"s nothing we can do."

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1. Oil trouble: It looks like major oil producers have something to worry about.

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Stephen Colbert and “Stephen Colbert" took some time Wednesday night to say goodbye to the man they referred to as “Papa Bear": Bill O"Reilly.

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Commercial Real Estate Financing News + More: Caterpillar to Relocate Global Headquarters to Chicago Suburb of Deerfield + MORE 04/20/2017

Medical Office Building Financing – Click Here!

Stated Income Loan Programs

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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.

Heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) announced Wednesday it will relocate its global headquarters to the northern Chicago suburb of Deerfield after more than 90 years of being based in Peoria, IL.

Caterpillar Chief Executive Officer Jim Umpleby said that after a thorough site selection process, the company picked Deerfield, located about 25 miles north of downtown Chicago, because of its proximity to O"Hare International Airport…

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Beijing"s internet regulators are turning up the heat on Apple.

Continue Reading On rss.cnn.com »

1. Oil trouble: It looks like major oil producers have something to worry about.

Continue Reading On rss.cnn.com »

Hours after 21st Century Fox announced Bill O"Reilly"s ousting from Fox News, former contributor Kirsten Powers recalled complaining about the former anchor"s behavior. She said she was told, “You know Bill, there"s nothing we can do."

Continue Reading On rss.cnn.com »

The seven-year expansion in the U.S. office market slowed in many big cities in the first quarter.

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