Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: CRE Industry's Favored Tax Code Treatments Facing Uncertain Future in Congress + MORE 09/21/2017

Health-Care Office Building Financing – More Info Here!

Stated Income Loan Programs

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Tax Returns versus Stated Income!

Most traditional banks will require several years of tax returns in order to qualify for a commercial real estate loan. The alternative is to use a Stated Income lender that does not verify personal income or assets. Many borrowers will simply not qualify for a commercial mortgage loan if tax returns are used due to high business expenses (and low net income). Many lenders using tax returns will also continue to verify income after the loan closes. Stated Income lenders will not engage in this practice.

The commercial real estate industry"s chief lobbying group Tuesday urged lawmakers to take a measured approach in deciding on changes to how commercial property and other corporate assets are taxed, cautioning that the elimination of the deduction for interest on debt and reducing the tax rate for pass-through business income could cause severe damage to the U…

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The Russian government has bailed out two major lenders in less than a month. Should investors be worried?

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President Trump and other Republican leaders all insist that the latest effort to repeal Obamacare will protect those with pre-existing conditions.

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Quicken Loans founder, Cleveland Cavaliers owner and real estate investor Dan Gilbert this week announced details of his plans for a quartet of projects in downtown Detroit aimed at rebuilding the CBD of the Midwest"s second-largest city after Chicago.

Bedrock, one of the ventures under Gilbert"s Rock Ventures LLC holding company, unveiled the $2…

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Rhode Island-based Procaccianti Cos., owner of TPG Hotels & Resorts, is forming a new nontraded REIT to expand its hotel investments.

The move comes at a time when lodging REITs have fallen a bit out of favor with investors, even as hotels continue to grow occupancy and room rates.

According to its initial filing, Procaccianti Hotel REIT will seek to acquire a diverse portfolio of existing select-service, extended-stay, and compact full-service…

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Stocks fell slightly Thursday but the Dow, S&P 500 and Nasdaq remain near their all-time highs.

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: And the top award goes to … Hulu? + MORE 09/18/2017

Medical Office Building Financing – Click Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

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.

Stephen Colbert had the idea to invite Sean Spicer up on stage at the Emmys on Sunday night. He and his producers knew there would be blowback. And there"s been a whole lot.

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Boeing may be in a bitter battle with rivals Airbus, Bombardier and Embraer for global domination in the sky, but the airline maker and defense giant is the undisputed king of Wall Street this year. Its stock is in the stratosphere.

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Amazon’s search for a second national headquarters site is being likened to the Powerball lottery for economic development organizations. They’re all lining up to take a chance at the $5 billion investment jackpot that could result from landing the online retailer"s mega-office requirement.

Several senior-level managers across CoStar"s analytics team are working through Amazon’s official RFP requirements and list of preferences for its second headquarters…

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Meghan McCain is in late-stage talks to join ABC"s “The View," three sources familiar with the matter told CNN.

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Hulu, the underdog of the streaming TV wars, just beat out Netflix and Amazon for TV"s top prize.

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: UPDATED: KBS Looking To Cash Out Some Post-Recession Purchases + MORE 09/15/2017

Medical Building Loans For HealthCare Professionals- Click Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

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.

ESPN in the crosshairs

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At ESPN it is officially time to cue up Martha and the Vandellas: “Nowhere to run to, baby; nowhere to hide."

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KBS Legacy Partners Apartment REIT has decided it’s time to cash out and sell the remaining multifamily properties it purchased through early 2014. The California-based non-traded REIT has already cut separate agreements to sell four of them and is seeking approval of the sale from stockholders.

Funds affiliated with Houston-based Elite Street Capital agreed to pay $218…

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For years, CRE brokers have predicted that electric vehicle (EV) charging stations will become standard amenities at office buildings, shopping centers, hotels, service stations and even restaurants. Volkswagen subsidiary Electrify America just handed JLL an assignment to identify EV charging station sites in 17 metros, nearly half of them in California, in an investment that will significantly add to the more than 16,000 charging stations already…

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Americans are outraged about the Equifax data breach that exposed the personal and financial data of 143 million people.

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Pearl River Mart, once a casualty of skyrocketing retail rents, is planning to open another 3,500 square-foot store at Chelsea Market in Manhattan.

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Wall Street continues to close its eyes, hold its nose and ignore the many risks facing the stock market and economy.

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Forest City Considering Potential M&A Options, Other Alternatives for Boosting Asset Value + MORE 09/12/2017

Medical Building Loans For HealthCare Professionals- Click Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

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.

Read full story for latest details.

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The board of directors at Cleveland-based Forest City Realty Trust Inc. (NYSE: FCEA) isn"t waiting around to get a letter from an activist investor asking what they"re doing to boost shareholder value.

This morning, the REIT announced that its board commenced a process to conduct areview of strategic options together with management and in consultation with financial and legal advisors to include such options as an accelerated and enhanced operating…

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Airports across Florida slowly came back to life Tuesday, two days after Hurricane Irma struck.

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PTC (NYSE: PTC) is headed to Boston"s Seaport District after the leading global tech firm finalized a deal with Skanska to occupy 250,000 square feet at 121 Seaport Blvd. for its corporate headquarters.

The computer software and services company will shift more than 1,000 employees from its Needham, MA offices to the top half of 121 Seaport, a 421,320-square-foot, 17-story, elliptical-shaped tower that broke ground in mid-2015 and has been lauded…

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: U.S. Chamber of Commerce ads pressure Congress to get tax reform done + MORE 09/09/2017

Health-Care Office Building Financing – More Info Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

Tax Returns versus Stated Income!

Most traditional banks will require several years of tax returns in order to qualify for a commercial real estate loan. The alternative is to use a Stated Income lender that does not verify personal income or assets. Many borrowers will simply not qualify for a commercial mortgage loan if tax returns are used due to high business expenses (and low net income). Many lenders using tax returns will also continue to verify income after the loan closes. Stated Income lenders will not engage in this practice.

Amazon today is posting another unique offering you can bid for online: a new headquarters site in North America.

The company is seeking sites in major North American cities for a “full equal" to its Seattle headquarters, dubbed Amazon HQ2. The online retailer expects to invest over $5 billion to build and operate its new co-headquarters, which it said could include as many as 50,000 high-paying jobs…

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It"s time to update those contact managers with CoStar"s People of Note, reporting news on significant new CRE hires and promotions. This week"s issue includes the following markets: South Florida, Salt Lake City, Chicago, Phoenix / Tucson, Washington DC, Northern California, New York City, Northern New Jersey, Denver, Houston, Boston and Atlanta…

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At a time when a number of new players have recently entered the alternative CRE financing sector, one of the oldest such firms, RAIT Financial Trust (NYSE: RAS), has decided to evaluate its options with the goal of capitalizing on its established commercial real estate lending platform to enhance shareholder value…

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The country"s most powerful business lobbying group is launching a million-dollar ad campaign this week to help sell Americans on tax reform and put pressure on lawmakers to finalize a plan.

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Apparel mainstay Gap Inc. (NYSE: GPS) is shifting its focus from its oldest and historically most profitable brands to its newest and fastest growing brands in Athleta and Old Navy.

Gap executives announced at an investor conference today that both brands have “significant runway in front of them” after rising sales at Old Navy offset declining sales at its Gap and Banana Republic stores…

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Irma hits markets; Orange juice prices; NAFTA talks + MORE 09/06/2017

Medical Building Loans For HealthCare Professionals- Click Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

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.

One of China"s richest men is taking legal action against “rumormongers," accusing them of spreading fake news about him and his company.

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Read full story for latest details.

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Aon Group, a London-based professional services firm providing risk, retirement and health solutions, has agreed to buy real estate investment advisor The Townsend Group from its majority owner, Colony NorthStar Inc.

Aon agreed to pay for $475 million for Cleveland-based Townsend subject to certain purchase price adjustments…

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Britain must take radical action to fix “significant and destabilizing" inequality caused by a “broken economic model."

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Related Companies, Oxford Properties Group and Mitsui Fudosan America, Inc. today announced the closing of a $1.5 billion senior construction loan for 50 Hudson Yards, which represents the final piece in the $3.8 billion financing of the massive development"s flagship tower.

Wells Fargo, Deutsche Bank, HSBC, Bank of China and Sumitomo Mitsui Banking Corp…

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1. Irma spooks markets: Hurricane Irma is moving through the Caribbean, pushing up commodity prices and applying pressure to travel stocks.

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Commercial Real Estate Financing News – 904-551-6090 + More: Newmark Knight Frank Acquiring IRR Affiliate Offices in NYC/NJ, Five Other Eastern US Markets + MORE 09/05/2017

Doctor Medical Building Financing – More Info Click Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

Recall/Balloon Features

These terms are used by many banks to effectively shorten most commercial real estate loans to 3-7 years. Short-term loans (less than fifteen years)
15-40 year commercial property loans without recall/balloon features are available. Please note that processing/retainer fees are not included in this discussion of commitment fees. Processing/retainer fees should be viewed as an acceptable and standard business practice when dealing with commercial real estate loans.

Business leaders are reiterating their support for Deferred Action for Childhood Arrivals and asking Congress to step in after the Trump Administration formally said it is ending the Obama-era program.

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President Trump"s top trade official says the U.S., Canada and Mexico are making progress in NAFTA negotiations.

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President Donald Trump claims to be a business-friendly president. But how can that be true when the five largest tech companies in America all vehemently oppose his stance on immigration?

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Summer is unofficially over now that investors have returned from the long Labor Day weekend. But is the year-long market rally about to end as well?

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Newmark Knight Frank (NKF) is finalizing the acquisition of six Integra Realty Resources (IRR) affiliate offices in New York/New Jersey, Philadelphia, Wilmington, DE; Baltimore, Washington D.C. and Atlanta, a move that"s been in the works for several months as a centerpiece of Newmark"s initiative to build a national valuation and advisory practice…

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Commercial Real Estate Financing News – 904-551-6090 + More: Report: Aging US Population Just the Right Rx for MOB Developers and Investors + MORE 09/02/2017

Doctor Medical Building Financing – More Info Click Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

Recall/Balloon Features

These terms are used by many banks to effectively shorten most commercial real estate loans to 3-7 years. Short-term loans (less than fifteen years)
15-40 year commercial property loans without recall/balloon features are available. Please note that processing/retainer fees are not included in this discussion of commitment fees. Processing/retainer fees should be viewed as an acceptable and standard business practice when dealing with commercial real estate loans.

The growing size and pricing power of the two mega U.S. hotel brands is altering the competitive landscape of the hospitality industry and will likely lead to more consolidation, according to recent analysis by Fitch Ratings.

Marriott and Hilton stand head-and-shoulders above their peers in terms of system size and average daily room rates (ADR)…

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The rising number of people age 65 and over, pressure for health-care providers to cut costs and the rise of new technology will continue to drive demand and opportunities for medical office developers and investors, according to a new report by CBRE Group, Inc.

According to “U.S. Medical Office Buildings: A Cure for Market Volatility," CBRE"s first report outlining the U…

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The creator of ABC"s “The Bachelor" is doing what the reality series does best by building suspense among the show"s loyal viewers.

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An initial assessment of the potential impact of the epic storm on the Houston commercial real estate market by CoStar Group reveals that 27% of the market"s gross leasable area, representing $55 billion in property value, is located in flood zones and may have potentially suffered damage.

$16 billion of the $55 billion in property at risk is comprised of apartment buildings within the 100-year flood zone…

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Jack Fisher hovered 200 miles above Earth while his family, friends and coworkers were tormented by a gruesome storm.

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Commercial Real Estate Financing News + More: Raymond, Fant Join SRS Real Estate Partners + MORE 09/02/2017

Medical Building Loans For HealthCare Professionals- Click Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

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.

SRS Real Estate Partners boosted its Net Lease Group with the addition of Britt Raymond and Kyle Fant in the firm"s New York City office.

Raymond was named first vice president for NYC. She has established herself as a leader in the market through her expertise and closing over $230 million in commercial real estate transactions…

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WeWork Cos. has confirmed that Japanese telecommunications conglomerate Softbank Group Corp. will invest $3 billion directly into the office-sharing startup and $1.4 billion into three newly created subsidiaries to expand the company into China, Japan, Korea and Southeast Asia.

The total $4.4 billion investment is nearly one-third larger than last March, when the Wall Street Journal reported that WeWork had $300 million with plans to raise a total…

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An initial assessment of the potential impact of the epic storm on the Houston commercial real estate market by CoStar Group reveals that 27% of the market"s gross leasable area, representing $55 billion in property value, is located in flood zones and may have potentially suffered damage.

$16 billion of the $55 billion in property at risk is comprised of apartment buildings within the 100-year flood zone…

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The U.S. government has several levers it can pull to ease the pain at the pump caused by Hurricane Harvey.

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The rising number of people age 65 and over, pressure for health-care providers to cut costs and the rise of new technology will continue to drive demand and opportunities for medical office developers and investors, according to a new report by CBRE Group, Inc.

According to “U.S. Medical Office Buildings: A Cure for Market Volatility," CBRE"s first report outlining the U…

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Commercial Real Estate Financing News + More: Mega Millions winner comes forward to claim $393 million prize + MORE 08/26/2017

Health-Care Office Building Financing – More Info Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

Tax Returns versus Stated Income!

Most traditional banks will require several years of tax returns in order to qualify for a commercial real estate loan. The alternative is to use a Stated Income lender that does not verify personal income or assets. Many borrowers will simply not qualify for a commercial mortgage loan if tax returns are used due to high business expenses (and low net income). Many lenders using tax returns will also continue to verify income after the loan closes. Stated Income lenders will not engage in this practice.

The governor of Illinois has vetoed a bill that would have raised the state"s minimum wage to $15 an hour by 2022.

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Another day, another large novelty check boasting an enormous amount of money.

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It"s time to update those contact managers with CoStar"s People of Note, reporting news on significant new CRE hires and promotions. This week"s issue includes the following markets: Northern New Jersey, Chicago, Boston, Austin, Orange County, South Florida, Detroit / Grand Rapids and Southwest Florida…

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Uber is considering selling the massive Oakland office building that was supposed to be its new headquarters.

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Jared Kushner"s role in the West Wing is complicating his family company"s attempts to get real estate deals done.

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