Commercial Real Estate Financing News + More: Starwood Launches New Hotel Brand as Supply Ramps Up in Extended Stay Segment + MORE 04/26/2017

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Stated Income Loan Programs

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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.

Barry Sternlicht’s Starwood Capital Group this week launched Uptown Suites, an upscale take on Starwood’s InTown Suites extended-stay brand. The firm will open its first property in Concord, NC, with plans to open 10 more properties by 2019.

Starwood expects to build new hotels for most of planned properties, targeting “walkable” locations with nearby dining, retail and entertainment areas in major cities or central locations in smaller markets…

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Citigroup is making a comeback in Saudi Arabia, this time with a woman in charge.

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After voters defeated a measure that would have curtailed construction, the city’s future looks much denser.

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Pro tip for countries looking to keep their tourism numbers up: Don’t annoy China.

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Credit Suisse plans to raise $4 billion to help rebuild its finances after two years of layoffs and losses.

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The owners of Gurney’s Montauk, a luxury resort on the tip of Long Island, N.Y., are hoping to replicate their success in the seaside city of Newport.

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Medical Office Building Financing News + More: Credit Suisse is raising $4 billion + MORE 04/26/2017

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.

Credit Suisse plans to raise $4 billion to help rebuild its finances after two years of layoffs and losses.

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1. Tax plan: President Trump plans to present his new tax plan on Wednesday.

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Citigroup is making a comeback in Saudi Arabia, this time with a woman in charge.

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Pro tip for countries looking to keep their tourism numbers up: Don’t annoy China.

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Who’s really going to end up paying for the new Trump tax on Canadian lumber? New home buyers in the U.S.

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Commercial Real Estate Financing News + More: RLJ Lodging and FelCor Merging in $1.2 Billion Deal + MORE 04/25/2017

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.

1. Nasdaq approaches 6,000: A banner day for U.S. stocks on Monday pushed the Nasdaq to within striking distance of 6,000 points.

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FelCor Lodging Trust Inc. (NYSE:FCH) has agreed to merge with and become a wholly-owned subsidiary of RLJ Lodging Trust (NYSE:RLJ) in an all-stock transaction.

Under the deal, each FelCor share will be converted into 0.362 shares of newly issued shares of RLJ common stock in a taxable merger. The combination is expected to give RLJ a post-merger pro forma equity market capitalization of $4…

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Ten days after Sheryl Sandberg’s husband died unexpectedly, she returned to work at Facebook.

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President Trump says he wants new United Nations sanctions on North Korea, calling the country “a real threat to the world.”

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In many ways, the health care industry has been a great friend to the U.S. economy. Its plentiful jobs helped lift the country out of the Great Recession and, partly due to the Affordable Care Act, it now employs one in nine Americans ? up from one in 12 in 2000.

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Medical Office Building Financing News + More: 'Carpool Karaoke' fans kept waiting for Apple series + MORE 04/25/2017

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.

Ten days after Sheryl Sandberg’s husband died unexpectedly, she returned to work at Facebook.

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President Trump says he wants new United Nations sanctions on North Korea, calling the country “a real threat to the world.”

Continue Reading On rss.cnn.com »

In many ways, the health care industry has been a great friend to the U.S. economy. Its plentiful jobs helped lift the country out of the Great Recession and, partly due to the Affordable Care Act, it now employs one in nine Americans ? up from one in 12 in 2000.

Continue Reading On rss.cnn.com »

1. Nasdaq approaches 6,000: A banner day for U.S. stocks on Monday pushed the Nasdaq to within striking distance of 6,000 points.

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Commercial Real Estate Financing News + More: Square Feet: ‘A Different Los Angeles’: The City Moves to Alter Its Sprawling Image + MORE 04/24/2017

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.

1. French election rally: The euro surged 1.2% against the dollar on Monday after pro-European reformer Emmanuel Macron emerged as the front runner to become the next French president.

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It’s the ultimate Jimmy Choo sale.

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Global retail landlord Gazit-Globe is planning to open a private U.S. subsidiary to invest in real estate in New York and other major metropolitan areas, the company said.

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Even top tech executives think they could be replaced by robots one day.

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The fight over Obamacare’s future is now threatening to shut down the federal government.

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After voters defeated a measure that would have curtailed construction, the city’s future looks much denser.

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Medical Office Building Financing News + More: French election rally; China stocks plunge; Oil stabilizes + MORE 04/24/2017

Medical Office Building Financing – Click Here!

Stated Income Options Available

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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.

1. French election rally: The euro surged 1.2% against the dollar on Monday after pro-European reformer Emmanuel Macron emerged as the front runner to become the next French president.

Continue Reading On rss.cnn.com »

The fight over Obamacare’s future is now threatening to shut down the federal government.

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It’s the ultimate Jimmy Choo sale.

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Even top tech executives think they could be replaced by robots one day.

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Commercial Real Estate Financing News + More: See the view from SpaceX's historic mission + MORE 04/23/2017

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.

United Airlines says its CEO, Oscar Munoz, will not take broader control of the company as previously planned, after a high profile incident that damaged the company’s reputation.

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This week it was Bebe. Last month it was Staples. In February it was JCPenney.

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Limiting the number of foreign doctors who can get visas to practice in the United States could have a significant impact on certain hospitals and states that rely on them, according to a new study.

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Apple is producing more than 200 million electronic devices each year. And making all those iPhones, MacBooks and tablets takes an enormous amount of energy.

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SpaceX celebrated Earth Day by revealing a stunning photograph of the Earth captured during the company’s historic launch last month.

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