Commercial Real Estate Financing News + More: Google wants to turn your old photos into digital prints + MORE 11/15/2016

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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.

Jaguar revealed a 400 horsepower all-electric concept SUV Monday night ahead of the Los Angeles Motor Show. A production version is expected to be available some time in 2018.

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IBM CEO Ginni Rometty wants to help President-elect Donald Trump create new jobs in America.

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Regency Centers Corp. (NYSE:REG) and Equity One, Inc. (NYSE:EQY) have agreed to combine to form one of the largest shopping center REITs in the country with a portfolio of primarily grocery-anchored properties, jumping ahead of rivals Kimco and Federal Realty with a total market capitalization expected to exceed $15…

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A new state grant program is aimed at creating urban settings to support entrepreneurs and attract younger workers.

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