Commercial Real Estate Financing News + More: Expedia CEO: Hopefully we'll live to see the end of the year + MORE 02/10/2017

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Special Purpose Properties!

It is becoming increasingly difficult to get commercial loans for special purpose properties. Properties that do not fall in the categories of apartments or retail/office buildings are often placed in this special purpose classification. This means that business acquisition loans for commercial properties such as restaurants/bars and auto service businesses are frequently hard to find. Commercial financing will be even more difficult to locate for such specialized properties as churches, funeral homes, nursing homes and assisted living facilities.

A series of transactions involving several high-profile properties in Manhattan and Boston over the last few days underscores the enormous and unmistakable role of foreign investors, particularly large government-sponsored funds, in generating a large part of the demand and liquidity that has extended the depth and duration of the unprecedented growth run for US commercial real estate…

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Some CEOs live for a better bottom line. Expedia’s CEO just hopes we live, period.

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Elon Musk and President Donald Trump may not agree on everything. But the willingness of Musk to continue meeting with and advising Trump, even as many other tech leaders face criticism for doing so, might actually be a smart business decision.

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President Donald Trump is normally quick to complain about what he sees as unfair foreign competition.

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President Trump sounds like he’s picking a fight with Japan over trade. That could make for tricky talks about a hugely important relationship when he meets Prime Minister Shinzo Abe.

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