Medical Office Building Financing News + More: Why a lot of people are moving out of California + MORE 11/04/2016

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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.

When MK Goh was a child, condoms were a regular topic of discussion at the dinner table.

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A lot of people are moving out of California because they can’t afford to live there anymore.

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Ay caramba! Thirty seasons of “The Simpsons.”

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America has gained 10.9 million new jobs since President Obama took office.

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Cable boxes may not be going away just yet, but there is a consolation prize.

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