Commercial Real Estate Financing News + More: Amazon patent hints at floating warehouses in the sky + MORE 12/29/2016

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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.

In its latest outlook for the U.S. lodging sector, CBRE Hotels’ Americas Research notes that the sector will continue to accrue benefits next year from achieving the industry’s all-time record occupancy record in 2016 of 65.4%.

However, a range of expected factors, from new hotel supply entering the market to the growing influence of Airbrb, is expected to impact hotel returns in 2017…

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Amazon may one day use blimps stocked with drones to get packages to customers even faster.

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Once he’s president Donald Trump will have less time to spend on the links. When he does pick up his clubs, he’ll have his pick of courses, including the 17 that he owns in the U.S. and abroad.

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The head of the Japanese advertising giant Dentsu has resigned after the suicide of a junior employee was linked to a company culture that required staffers to work huge amounts of overtime.

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The last release of CoStar Commercial Repeat-Sale Indices (CCRSI) data for November 2016 found CRE pricing continuing its upward trek, with both of the major composite price indices advancing by more than 1% in the month of November, having already eclipsed their previous peaks and accelerating in November, exceeding their average growth rate for the January-to-October period…

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