Commercial Real Estate Financing News + More: 'Lego Batman' producer today. Treasury secretary tomorrow? + MORE 02/13/2017

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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.

All that happy talk in Washington about getting tax reform done fast is already proving unrealistic.

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The company is putting its stamp on the city with an expanding array of unconventional experiments in bricks-and-mortar sales.

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To tackle Thailand’s mounting trash problem, one company is turning to the country’s plant life.

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Eric Trump says he can manage his father’s business without running afoul of ethical conflicts, according to a report in the New York Times.

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Verizon is bringing back an unlimited data plan.

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