Author: brtozone123

Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Caribbean tourism faces long road to recovery + MORE 10/15/2017

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Medical Building Loans For HealthCare Professionals- Click Here!

Stated Income Loan Programs

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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.

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Even though “Saturday Night Live” didn’t have someone play Harvey Weinstein, the scandal surrounding the Hollywood mogul was a focus for the NBC sketch series on Saturday night.

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The Caribbean is fast approaching tourism season. But this year, some of the islands may not see their vital economic lifeblood.

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A top Federal Communications Commission official is putting pressure on her colleagues to end their silence amid President Trump’s threats against TV networks that are critical of his administration.

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Commercial Real Estate Financing

Commercial Office Building Nation-Wide Financing News – 904-551-6090 + More: Harvey Weinstein: Eight days of accusations and collateral damage + MORE 10/14/2017

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Doctor Medical Building Financing – More Info Click Here!

Stated Income Options Available

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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.

Zappos wants to help cover funeral costs for families who lost loved ones in the October 1 mass shooting at a Las Vegas music festival.

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Whoopi Goldberg, Tom Hanks, Laura Dern, Steven Spielberg and Rory Kennedy are among the 54 power players who are deciding Harvey Weinstein’s fate in Hollywood.

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The Harvey Weinstein story had “this really bizarre quality” of being “half an open secret and half this hidden thing that people were terrified to talk about,” Jodi Kantor says. “That’s also what made it tantalizing. That’s also what made it seem really important to break.”

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The Harvey Weinstein sexual harassment and assault allegations have unleashed a dizzying, eight-day whirlwind through Hollywood, one that has seen a steady onslaught of new accusers and inflicted collateral damage on multiple parties, among them NBC News, Twitter and attorney Lisa Bloom.

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Commercial Building Financing

Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Investors Pouring into Smaller Markets in Search of Higher Yields, Driving Price Momentum + MORE 10/12/2017

brtozone123

Commercial Real Estate Financing – Click Now!

Stated Income Loan Programs

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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.

Commercial real estate investors priced out of major U.S. markets have expanded their scope to secondary and tertiary markets to find properties yielding more generous returns, a trend typical of late-inning property cycles.

But the robust demand for real estate and the current cycle’s longevity set this growth period apart from past ones and suggest that smaller markets will continue to reap investment for some time…

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Rose McGowan’s Twitter account was temporarily blocked for violating some of the social network’s rules.

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Sears Canada Inc. will be applying to the Ontario Superior Court of Justice for approval to liquidate all of its remaining stores and assets.

The court is expected to hear the motion later this week. Pending approval of the court, it is expected that liquidation sales at retail locations would commence next week and continue for 10 to 14 weeks…

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Jemele Hill’s two-week suspension from ESPN earlier this week has raised questions about how journalists and commentators should conduct themselves on social media. It’s perennial problem that has rankled employers for years, and one that is confounding even ESPN’s own public editor.

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After a quiet first half of 2017, Columbia Property Trust, Inc. (NYSE: CXP) has fired off more than $1 billion in acquisitions since the July 4 holiday including a flurry of deals for buildings in New York City and Washington, D.C. totaling $935 million, the company announced Wednesday.

In early July, Atlanta-based Columbia obtained a nearly 50% interest in an office tower at 114 Fifth Ave…

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The U.S. men’s soccer team’s failure to qualify for the 2018 FIFA World Cup comes at a terrible time for the sport.

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Medical Practice Building Financing

Commercial Office Building Nation-Wide Financing News – 904-551-6090 + More: India's economy in 'downward spiral.' What did Modi get wrong? + MORE 10/04/2017

brtozone123

Doctor Medical Building Financing – More Info Click Here!

Stated Income Options Available

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.

It was Google’s turn to announce some new hardware.

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The Monopoly Man made an appearance at the Senate Banking Committee hearing on the massive Equifax data breach.

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For the past several years, conservatives in Congress have railed against the financial perils of deficits.

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India’s economy, once hailed as a global bright spot, is down in the dumps.

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Commercial Building Financing

Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Walmart eyes same-day delivery in New York City + MORE 10/03/2017

brtozone123

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.

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Cely Rivera has spent a lot of time waiting for help since Hurricane Maria devastated Puerto Rico two weeks ago.

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Walmart may soon launch same-day delivery in New York City.

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New York City-based, privately-held landlord and asset manager Newmark Holdings has announced it will now go by the name GFP Real Estate, in a move meant to prepare for a public offering by commercial real estate services firm Newmark Knight Frank (NKF).

NKF Chairman Jeffrey Gural said in a release that ahead of NKF’s public offering, this rebranding, “is intended to eradicate confusion in the market” between it and GFP Real Estate, which is the…

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Toronto-based RioCan Real Estate Investment Trust announced plans to sell off about 100 retail properties located outside its core markets over the next two to three years and plans to recycle proceeds into new developments within the country’s six largest metros.

RioCan said it expects to see about US $1…

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Equifax just got grilled by Congress for the first time over its breach. Or at least one of its former executives did.

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Commercial Building Financing

Commercial Office Building Nation-Wide Financing News – 904-551-6090 + More: Closed Puerto Rico factories are the sole source of some critical drugs + MORE 09/30/2017

brtozone123

Health-Care Office Building Financing – More Info Here!

Stated Income Options Available

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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.

Equifax is investigating three executives who sold company shares worth nearly $2 million shortly after a massive data breach was discovered, but before the company announced the breach to the public.

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There’s soccer and dodgeball. A scrapbooking workshop. A belly flop contest in the pool.

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Companies are stepping up to rebuild Puerto Rico.

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The Food and Drug Administration is worried that there could be shortages of some critical drugs normally produced in Puerto Rico if manufacturing plants there are closed for an extended period of time.

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Medical Practice Building Financing

Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: For Amazon’s Second HQ’s Search, Bigger May Be Better + MORE 09/30/2017

brtozone123

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.

Initial reactions of real estate groups and analysts to the tax-reform framework released yesterday by GOP leaders in Congress ranged from outright support to opposition of a proposal included in the framework to limit or ban the deductibility of interest on business debt.

The real estate community has been on edge over rumors the tax plan advanced by Congressional leaders would do away with some of the industry’s favored tax treatments…

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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: New York City, Detroit / Grand Rapids, Orange County, Dallas / Fort Worth, Washington DC, San Francisco, Chicago, Orlando, Cleveland / N…

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The Food and Drug Administration is worried that there could be shortages of some critical drugs normally produced in Puerto Rico if manufacturing plants there are closed for an extended period of time.

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While there has been no shortage of market conjecture in recent weeks on where Amazon will decide to locate its new ‘co-headquarters,’ we decided to crunch the numbers using CoStar’s unparalleled database of commercial real estate information using the key criteria identified by Amazon in its Request for Proposal (RFP)…

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Companies are stepping up to rebuild Puerto Rico.

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Health-Care Office Building Financing

Commercial Office Building Nation-Wide Financing News – 904-551-6090 + More: This yogurt-maker startup is not the new Juicero + MORE 09/26/2017

brtozone123

Medical Office Building Financing – Click Here!

Stated Income Options Available

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.

It’s an interesting time to launch a yogurt-making machine.

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Microsoft’s next big update for Office is coming soon.

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The NFL and Facebook have entered into a huge partnership that will bring official game highlights to the social media network.

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Equifax CEO Richard Smith is out after the company’s embarrassing data breach and botched response.

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Stated Income Commercial Financing

Commercial Office Building Nation-Wide Financing News – 904-551-6090 + More: German election; More NAFTA and Brexit talks; Tax reform + MORE 09/24/2017

brtozone123

Health-Care Office Building Financing – More Info Here!

Stated Income Options Available

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.

1. Germany’s election: Angela Merkel is set to win a fourth term as German Chancellor. She went against Martin Schulz of the Social Democratic Party in Sunday’s election.

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President Trump this weekend attacked the National Football League and its players who protest during the national anthem.

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ESPN confronted the politics of Trump and race head-on Sunday.

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Commercial Real Estate Financing

Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: German election; More NAFTA and Brexit talks; Tax reform + MORE 09/24/2017

brtozone123

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.

When President Trump lashed out at players who kneel during the national anthem, he took aim at an organization that he’s clashed with on multiple occasions.

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The business moguls who control the NFL are siding with their players over President Trump.

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1. Germany’s election: Angela Merkel is expected to win a fourth term as German Chancellor. She goes against Martin Schulz of the Social Democratic Party in Sunday’s election.

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Commercial Real Estate Financing