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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.
Bankers who want to run for office are in luck. A powerful lobbying group has launched a training camp designed to help bankers become politicians.
Neiman Marcus is up for sale
– rss.cnn.com
Luxury retailer Neiman Marcus may sell itself, in another blow to traditional brick-and-mortar retailers.
President Trump is expected to announce a new review of federal auto fuel economy and emissions rules Wednesday at an event in Michigan, according to a source close to the administration.
Read full story for latest details.
Ethics complaint filed against White House official
– rss.cnn.com
An ethics watchdog group says a White House official appears to have attended meetings with corporate executives earlier this year while he personally held stock in the companies.
