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.
New Nissan Leaf goes farther for less
– rss.cnn.com
Aon agreed to pay for $475 million for Cleveland-based Townsend subject to certain purchase price adjustments…
Wells Fargo, Deutsche Bank, HSBC, Bank of China and Sumitomo Mitsui Banking Corp…
Irma hits markets; Orange juice prices; NAFTA talks
– rss.cnn.com
