Members operate at their second multi alarm fire of the night. Upon arrival heavy fire was showing from division 1 of a 3 story commercial building. Multiple lines …
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Commercial Real Estate Financing – More News: Shingles Vaccine Shortage Has Seniors Scrambling
For months, demand for Shingrix, the shingles vaccine approved by the FDA in October 2017, has outpaced supply, frustrating patients and providers alike.
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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: After the crash came the longest bull market ever. What now? + MORE 09/14/2018
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.
Not long after Lehman Brothers imploded a decade ago, stocks began an epic bull run. The question now is whether that run is nearing an end.
The future of Sky has been up in the air for nearly two years. It could soon be decided in a quick-fire auction.
Morgan Properties Solidifies Position in Multifamily Credit
– costar.com/News
Image credit: Freddie Mac<p class="description"
Morgan Properties, owner of 150 apartment communities with more than 45,000 units across the U.S. Mid-Atlantic and Northeast, took another step into the bond credit markets, extending the trend of some of the nation's largest apartment owners jumping into debt purchases…
Bezos: Amazon Team 'Working Its Butts Off' to Decide on HQ2 Location
– costar.com/News
Jeff Bezos, CEO and founder of Amazon, was the guest speaker at The Economic Club of Washington, D.C. on Thursday.
Jeffrey P. Bezos, Amazon founder and chief executive, did not tell people what they wanted to hear Thursday night.
Jeffrey P. Bezos, Amazon founder and chief executive, did not tell people what they wanted to hear Thursday night.
The e-commerce billionaire didn’t have an announcement about where Seattle-based Amazon plans to locate its so-called “HQ2,” a second headquarters, during an interview before an audience of roughly 1,550 people at a dinner…
Hilton Foundation Snags Dole Food Headquarters for $50 Million
– costar.com/News
Dole Food Co., struggling under the weight of legal and corporate debt, has sold its campus in Ventura County, California.
Conrad N. Hilton Foundation bought the headquarters building of Dole Food Co. for $50 million in a deal that marks the latest divestiture as the fruit and vegetable producer tries to reduce debt, which reached $1…
Conrad N. Hilton Foundation bought the headquarters building of Dole Food Co. for $50 million in a deal that marks the latest divestiture as the fruit and vegetable producer tries to reduce debt, which reached $1…
Jemele Hill confirms that she's leaving ESPN
– rss.cnn.com
ESPN host Jemele Hill announced on Twitter that Friday is her last day at the network she has worked at for 12 years.
Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: High-profile VC Mary Meeker departs firm to start her own + MORE 09/14/2018
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.
Hilton Foundation Snags Dole Food Headquarters for $50 Million
– costar.com/News
Dole Food Co., struggling under the weight of legal and corporate debt, has sold its campus in Ventura County, California.
Conrad N. Hilton Foundation bought the headquarters building of Dole Food Co. for $50 million in a deal that marks the latest divestiture as the fruit and vegetable producer tries to reduce debt, which reached $1…
Conrad N. Hilton Foundation bought the headquarters building of Dole Food Co. for $50 million in a deal that marks the latest divestiture as the fruit and vegetable producer tries to reduce debt, which reached $1…
Morgan Properties Solidifies Position in Multifamily Credit
– costar.com/News
Image credit: Freddie Mac<p class="description"
Morgan Properties, owner of 150 apartment communities with more than 45,000 units across the U.S. Mid-Atlantic and Northeast, took another step into the bond credit markets, extending the trend of some of the nation's largest apartment owners jumping into debt purchases…
The future of Sky has been up in the air for nearly two years. It could soon be decided in a quick-fire auction.
Not long after Lehman Brothers imploded a decade ago, stocks began an epic bull run. The question now is whether that run is nearing an end.
Legendary investment bank Lehman Brothers was on fire ? and no one was coming to put it out.
High-profile investor and analyst Mary Meeker is starting her own investment fund.
Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: How Jack Ma went from English teacher to tech billionaire + MORE 09/09/2018
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.
What? Canadian Real Estate Can Go Down in Value?
– costar.com/News
From left, Stephen Johnson, moderator Pat Koval and Ed Sonshine discuss the Canadian real estate market during a panel discussion Thursday at the RealREIT conference in Toronto.
Can’t imagine real estate going down in value? The chief executives of Canada’s two largest real estate investment trusts can tell you they’ve lived through it…
Jack Ma, the rags-to-riches entrepreneur behind Chinese e-commerce giant, Alibaba, plans to hand over the reins at the company he co-founded nearly two-decades ago.
Bigger Leases and Pricier Deals Mark Manhattan’s Office Market This Year
– costar.com/News
Shared work spaces, a rezoning of the eastern part of midtown Manhattan that may add 6.8 million square feet of commercial space, and development of the Hudson Yards district are shaping a surging office market this year in New York City.
According to CoStar data, no fewer than 26 office leases have been signed in excess of 100,000 square feet each…
Look Out Canada, Here Comes Blackstone
– costar.com/News
Daniel Drimmer, left, CEO of Starlight Investments, and Olivia John, managing director at Blackstone Group, at the Canadian Apartment Investment Conference.
Blackstone Group’s $3.8 billion deal for Canada’s largest industrial real estate investment trust was probably enough to shake the Canadian property market on its own…
Ford tells Trump why it won't make China-built car in US
– rss.cnn.com
President Donald Trump offered some business advice to Ford Motor on Sunday: because of the administration’s high tariffs on car imports from China, Ford can start making its Focus Active in the United States.
Les Moonves is about to leave CBS, sources say
– rss.cnn.com
Longtime CBS chief executive Les Moonves, facing new claims of sexual misconduct, is about to step down as part of a wide-ranging corporate settlement of a separate fight for control of CBS.
Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Value of Trump's Golf Clubs Lags Behind Investment Surge + MORE 08/17/2018
Commercial Real Estate Financing – Click Now!
Stated Income Loan Programs
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.
Target to Open on the Lower East Side
– wsj.com
Target Corp. has signed a lease to open a 22,500 square-foot store at the 1.9 million-square-foot development stretching across several Manhattan blocks called Essex Crossing.
President Donald Trump’s golf courses are in the spotlight, but the value of the properties hasn’t kept pace with the amount of money he has invested to make upgrades.
S’well Bottle, a maker of reusable beverage bottles, has quadrupled its office space, landing a two-year sublet in the Flatiron District of Manhattan, the company announced.
Tesla’s stock tumbled after CEO Elon Musk said he’s working himself to the bone and relies on Ambien to sleep.
Amazon could be coming to a movie theater near you
– rss.cnn.com
Amazon has already tried to reinvent brick-and-mortar grocery stores and book sellers. Is the movie theater next?
Apple Inc.’s new headquarters in Silicon Valley is the most lavish in a spate of glitzy new architectural projects by tech titans at a time when their businesses are booming and market valuations are soaring.
Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Nearly Out of Vacant Land, Broward County Embraces Redevelopment + MORE 06/11/2018
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.
PACIFIC ? The Future of Media Isn't Media
– rss.cnn.com
Read full story for latest details.
Net neutrality rules are now repealed: What it means
– rss.cnn.com
The net neutrality rules are no longer the law of the land.
Interest rates are about to rise again
– rss.cnn.com
Read full story for latest details.
Nearly Out of Vacant Land, Broward County Embraces Redevelopment
– costar.com/News
An aerial shot of the 140-acre site around the BB&T Center in Sunrise, FL. Broward County is looking for a designer and developer for the land. Credit: Broward County.
Wedged between the Florida Everglades and the Atlantic Ocean, Broward County is one of the most land-constrained areas in the Sunshine S
Wedged between the Florida Everglades and the Atlantic Ocean, Broward County is one of the most land-constrained areas in the Sunshine S
Pictured: Caydon’s 27-story The Midtown project slated to deliver in Houston next year.Australian commercial real estate developer Caydon Property Group has signed a deal with Amazon to include the e-commerce giant’s Alexa virtual assistant in all of its multifamily units.
Caydon will provide the top-of-the-range Amazon Echo Plus in each of the 1,205 apartments in the Hall St and Margaret St buildings in the Mason Sq…
Made in America: The German cars Trump doesn't want
– rss.cnn.com
President Donald Trump followed up a fractious weekend summit with major US allies by repeatedly accusing them of unfair treatment over trade.
Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Sportswear-Maker Puma to Open New York Flagship + MORE 06/08/2018
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.
Germany’s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.
Storm clouds are gathering over the global economy
– rss.cnn.com
Read full story for latest details.
Bechtel’s primary office in Reston, VA.
Global engineering and construction firm Bechtel announced plans to relocate its global headquarters from San Francisco to an expanded presence in Reston, Virginia, where the operational headquarters for its nuclear, security and environmental division is based…
Behind the Curtain of Irving's Latest Litigious Battle Over its Entertainment Destination
– costar.com/News
It’s been about a week since Texas icon and entertainer Billy Bob Barnett closed Big Beat Dallas, a handful of bars and restaurants located within the brand new Toyota Music Factory entertainment district in Irving, TX, but the allegations behind the closure have just begun.
In a lawsuit filed Wednesday, a newly formed group of taxpaying residents in Irving, named Irving Taxpayers Matter, has filed a petition to a Dallas County court in hopes of…
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.
1111 Sunset Blvd. Development Unveiled
– costar.com/News
Long known as a dormant corner in downtown Los Angeles, Sunset Boulevard may soon transform with a large mixed-use development by Palisades Capital Partners LLC at 1111 Sunset Blvd.
The 1111 Sunset Boulevard development has been in the planning stages for two years. When completed, it would offer 778 apartments and condominiums in two residential towers, a 98-room hotel and street-level retail, including 75,000 square feet of grocery-anchored…
Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: NFL didn't ask players to commit to standing for Anthem, commissioner says + MORE 10/18/2017
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.
Office Lease Up (October 16) Dropbox Signs Largest Office Lease in San Francisco History
– costar.com/News
Dropbox has signed a lease for 100% of the office space in Kilroy Realty Corp.’s The Exchange on 16th project in a deal that represents the largest single office lease ever signed in San Francisco.
The file hosting service and leading global collaboration platform agreed to a 15-year lease for 736,000 square feet within the 751,242-square-foot, four-building project currently under development along the 16th St…
It looks like the NFL won’t require players to stand for the National Anthem, and President Trump isn’t happy about it.
Bank Branches Still Matter Even as They Continue to Disappear
– costar.com/News
Bank branch consolidations have quickened over the last two years as customers continue to embrace digital banking. Simultaneously, the number of new branch openings continues to fall. But analysts view this as part of a larger shift in how retail branches are being utilized by customers and where those brick-and-mortar institutions need to be located…
It started with Ashley Judd.
Workspace Property Trust Files for IPO to Raise $100 Million
– costar.com/News
A year after acquiring a nearly $1 billion portfolio of suburban office properties, Horsham, PA-based Workspace Property Trust on Monday filed to raise up to $100 million through an initial public offering.
Workspace Property, which first filed a confidential S-11 registration statement on June 30, plans to list on the New York Stock Exchange under the symbol WSPT, selling an undisclosed number of common shares in the IPO at a to-be-determined…
Mnuchin to Congress: Cut taxes or market will dive
– rss.cnn.com
Treasury Secretary Steven Munchin, speaking on the eve of the 30th anniversary of the 1987 market crash, predicted stocks will plunge if Congress fails to overhaul taxes.
Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Caribbean tourism faces long road to recovery + MORE 10/15/2017
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.
'SNL' takes on Harvey Weinstein
– rss.cnn.com
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.
Read full story for latest details.
Caribbean tourism faces long road to recovery
– rss.cnn.com
The Caribbean is fast approaching tourism season. But this year, some of the islands may not see their vital economic lifeblood.
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.