Commercial Real Estate Financing News + More: Lamborghini's new convertible should be a blast + MORE 11/16/2016

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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.

Saudi Arabia is cautioning President-elect Donald Trump against carrying out a threat to cut off American purchases of the kingdom’s oil.

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In the backyard of a $10 million private mansion outside Los Angeles, Lamborghini unveiled its newest convertible supercar. The Huracan LP-580-2 Spyder is a soft-top version of Lamborghini’s “entry level” two-wheel-drive sports car.

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A national apartment building company said it would take President-elect Donald Trump’s name off three New York City high-rises after tenants complained they were embarrassed living in buildings associated with someone who is so unpopular on Manhattan’s West Side.

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Recent commercial real estate transactions in New York City.

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What is believed to be the world’s tallest modular building made its debut Tuesday in Brooklyn, a 32-story rental tower constructed with prefabricated units stacked like Legos.

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