Commercial Real Estate Financing News + More: Trump sparked a CEO revolt. Here's why + MORE 06/03/2017

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.

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: South Florida, Nashville, Salt Lake City, Columbus, Austin, Orlando, Detroit / Grand Rapids and Charlotte.

  BREAKING NEWS!  Duane Morris Expands Real Estate Practice GroupSix Attorney Team Headed by Jay Steinman Joins Miami

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Those who can’t make it to Ariana Grande’s benefit concert in Manchester can tune in online and on ABC to see the show.

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When your very first tweet reverberates around the world, how do you follow it up?

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Blackstone Group LP edged out Brookfield Asset Management Inc. to reclaim its position as the world’s largest real estate asset manager as the total value of global real estate assets under management reached $2.7 trillion (Euro 2.4 trillion) in 2016, up more than 20% from the previous year, according an annual joint report by three real estate investment management organizations…

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CEOs are cautious by nature, circumspect in their words and actions.

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Medical Office Building Financing News + More: Liberal arts majors can get high-paying jobs, too + MORE 06/03/2017

Commercial Real Estate Financing – Click Now!

Stated Income Options Available

Call BRT Financial @ 904-551-6090

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.

The office of New York Attorney General Eric Schneiderman says it has evidence that ExxonMobil misled shareholders about how carbon regulations may impact the company’s business.

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When your very first tweet reverberates around the world, how do you follow it up?

Continue Reading On rss.cnn.com »

CEOs are cautious by nature, circumspect in their words and actions.

Continue Reading On rss.cnn.com »

Those who can’t make it to Ariana Grande’s benefit concert in Manchester can tune in online and on ABC to see the show.

Continue Reading On rss.cnn.com »

Commercial Real Estate Financing News + More: 'Biggest U.S. foreign policy error since Iraq War' + MORE 06/02/2017

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.

Taubman Centers, Inc. (NYSE:TCO) this morning announced that shareholders voted to elect CEO Robert S. Taubman and two other company nominees to the board of directors, turning back a challenge by activist hedge fund Land and Buildings, which nominated a different slate of board candidates.

The mall REIT’s proxy solicitor advised that, according to preliminary results of the annual election, shareholders voted to elect Taubman, Cia Buckley Marakovits…

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Elon Musk, the CEO of Tesla and SpaceX, has quit two of President Trump’s business advisory councils after the president announced he will pull the U.S. out of the historic Paris climate agreement.

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“This is the biggest U.S. foreign policy error since entering the Iraq War.”

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Fast-food eatery Taco Bell, whose slogan is Live Mas, has launched a ‘Grow Mas’ strategy – an approach that sets it apart from its sister chains: Pizza Hut and KFC (Kentucky Fried Chicken) in the U.S.

All three are restaurant brands of Louisville-based Yum! Brands (NYSE: YUM). But while KFC and Pizza Hut are shrinking their real estate footprint at home, Taco Bell this past week outlined plans to grow the chain both here and abroad, with the goal…

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SpaceX was forced to delay an historic launch that was slated to send a used spacecraft into orbit.

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A growing appetite among consumers-on-the-go for the broader selection of food options and other grocery items offered at larger, modern convenience stores is fueling a wave of consolidation and new development in the often overlooked triple-net convenience store segment of U.S. retail.

The Association for Convenience and Fuel Retailing (NACS) reports the number of c-stores in the country increased 0…

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Medical Office Building Financing News + More: Weather.com trolls Trump's climate decision + MORE 06/02/2017

Commercial Real Estate Financing – Click Now!

Stated Income Options Available

Call BRT Financial @ 904-551-6090

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.

Elon Musk, the CEO of Tesla and SpaceX, has quit two of President Trump’s business advisory councils after the president announced he will pull the U.S. out of the historic Paris climate agreement.

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Two CEO advisers walked away from President Trump on Thursday.

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SpaceX was forced to delay an historic launch that was slated to send a used spacecraft into orbit.

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Read full story for latest details.

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“This is the biggest U.S. foreign policy error since entering the Iraq War.”

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Medical Office Building Financing News + More: Elon Musk to Trump: Ditch Paris deal and I'll quit as your adviser + MORE 05/31/2017

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.

Start the countdown: President Trump’s team can officially start trade talks with Canada and Mexico on August 16 to renegotiate NAFTA.

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GM announces more layoffs

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General Motors is cutting factory jobs again.

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Wikileaks founder Julian Assange told CNN on Wednesday that he is exploring the possibility of guest hosting conservative personality Sean Hannity’s nationally-syndicated radio show after Hannity offered him the opportunity to fill in.

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Elon Musk says he’ll step down from President Donald Trump’s advisory councils if he decides to withdraw from the Paris climate agreement.

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Sean Spicer isn’t taking your questions.

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Commercial Real Estate Financing News + More: GM announces more layoffs + MORE 05/31/2017

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.

Elon Musk says he’ll step down from President Donald Trump’s advisory councils if he decides to withdraw from the Paris climate agreement.

Continue Reading On rss.cnn.com »

GM announces more layoffs

– rss.cnn.com

General Motors is cutting factory jobs again.

Continue Reading On rss.cnn.com »

Sean Spicer isn’t taking your questions.

Continue Reading On rss.cnn.com »

Wikileaks founder Julian Assange told CNN on Wednesday that he is exploring the possibility of guest hosting conservative personality Sean Hannity’s nationally-syndicated radio show after Hannity offered him the opportunity to fill in.

Continue Reading On rss.cnn.com »

Start the countdown: President Trump’s team can officially start trade talks with Canada and Mexico on August 16 to renegotiate NAFTA.

Continue Reading On rss.cnn.com »

Commercial Real Estate Financing News + More: What will Tiger Woods' arrest mean for his sponsorship deals? + MORE 05/30/2017

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.

When Tiger Woods gets in trouble, there’s a lot on the line.

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Montreal-based Ivanhoé Cambridge, Inc. and its investment partner, Callahan Capital Properties (CCP), have acquired the 30-story, 1.12 million-square-foot 85 Broad St. in New York City for approximately $650 million, or about $580 per square foot, from a joint-venture between MetLife Real Estate and Beacon Capital Partners…

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If your child bought something in an app from Amazon’s app store without your permission, you may get your money back.

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Haverty Furniture Cos. Signs Seven-Year HQ Extension at The Centrum at Glenridge
Haverty Furniture Cos. (NYSE: HVT) has agreed to a seven-year extension that will keep the furniture retailer’s longtime corporate headquarters at the Centrum at Glenridge in Atlanta.

The 186,826-square-foot, eight-story office building has housed the corporate offices of Haverty’s since 1999…

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United is in hot water again, this time for an allegedly unsafe plane.

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Medical Office Building Financing News + More: What will Tiger Woods' arrest mean for his sponsorship deals? + MORE 05/30/2017

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.

When Tiger Woods gets in trouble, there’s a lot on the line.

Continue Reading On rss.cnn.com »

United is in hot water again, this time for an allegedly unsafe plane.

Continue Reading On rss.cnn.com »

If your child bought something in an app from Amazon’s app store without your permission, you may get your money back.

Continue Reading On rss.cnn.com »

Read full story for latest details.

Continue Reading On rss.cnn.com »

Commercial Real Estate Financing News + More: Indian tech boss: Trump's H-1B visa curbs 'will hurt' + MORE 05/29/2017

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.

Read full story for latest details.

Continue Reading On rss.cnn.com »

Come Memorial Day, Labor Day and even the Fourth of July, auto sellers will pull out all the stops with balloons, burgers and bands to get you on their lot and sell you a vehicle.

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One of India’s richest men is losing heavily in the country’s cutthroat telecom price war.

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A top Indian executive has finally admitted that President Trump is bad news for the nation’s vast tech industry.

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Medical Office Building Financing News + More: Frank Deford, renowned sportswriter, dies at 78 + MORE 05/29/2017

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.

One of India’s richest men is losing heavily in the country’s cutthroat telecom price war.

Continue Reading On rss.cnn.com »

Come Memorial Day, Labor Day and even the Fourth of July, auto sellers will pull out all the stops with balloons, burgers and bands to get you on their lot and sell you a vehicle.

Continue Reading On rss.cnn.com »

A top Indian executive has finally admitted that President Trump is bad news for the nation’s vast tech industry.

Continue Reading On rss.cnn.com »

Read full story for latest details.

Continue Reading On rss.cnn.com »