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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.

President Obama believes Hillary Clinton was not covered fairly by the press during the 2016 presidential election.

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As the United States plots retaliation against Russia for allegedly using hackers to influence the U.S. election, President Obama warned Friday that the United States has more to lose in a cyber battle.

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Donald Trump paid nearly $12.5 million to his own businesses and family members during his 18-month campaign for president, a CNN review of federal reports shows.

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