Commercial Real Estate News

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

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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

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

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Stated Income Loan Programs

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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.

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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

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

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Stated Income Loan Programs

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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.

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

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

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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.

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

Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: CRE Industry's Favored Tax Code Treatments Facing Uncertain Future in Congress + MORE 09/21/2017

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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.

The commercial real estate industry’s chief lobbying group Tuesday urged lawmakers to take a measured approach in deciding on changes to how commercial property and other corporate assets are taxed, cautioning that the elimination of the deduction for interest on debt and reducing the tax rate for pass-through business income could cause severe damage to the U…

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The Russian government has bailed out two major lenders in less than a month. Should investors be worried?

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President Trump and other Republican leaders all insist that the latest effort to repeal Obamacare will protect those with pre-existing conditions.

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Quicken Loans founder, Cleveland Cavaliers owner and real estate investor Dan Gilbert this week announced details of his plans for a quartet of projects in downtown Detroit aimed at rebuilding the CBD of the Midwest’s second-largest city after Chicago.

Bedrock, one of the ventures under Gilbert’s Rock Ventures LLC holding company, unveiled the $2…

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Rhode Island-based Procaccianti Cos., owner of TPG Hotels & Resorts, is forming a new nontraded REIT to expand its hotel investments.

The move comes at a time when lodging REITs have fallen a bit out of favor with investors, even as hotels continue to grow occupancy and room rates.

According to its initial filing, Procaccianti Hotel REIT will seek to acquire a diverse portfolio of existing select-service, extended-stay, and compact full-service…

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Stocks fell slightly Thursday but the Dow, S&P 500 and Nasdaq remain near their all-time highs.

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Commercial Building Financing

Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: UPDATED: KBS Looking To Cash Out Some Post-Recession Purchases + MORE 09/15/2017

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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.

ESPN in the crosshairs

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At ESPN it is officially time to cue up Martha and the Vandellas: “Nowhere to run to, baby; nowhere to hide.”

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KBS Legacy Partners Apartment REIT has decided it’s time to cash out and sell the remaining multifamily properties it purchased through early 2014. The California-based non-traded REIT has already cut separate agreements to sell four of them and is seeking approval of the sale from stockholders.

Funds affiliated with Houston-based Elite Street Capital agreed to pay $218…

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For years, CRE brokers have predicted that electric vehicle (EV) charging stations will become standard amenities at office buildings, shopping centers, hotels, service stations and even restaurants. Volkswagen subsidiary Electrify America just handed JLL an assignment to identify EV charging station sites in 17 metros, nearly half of them in California, in an investment that will significantly add to the more than 16,000 charging stations already…

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Americans are outraged about the Equifax data breach that exposed the personal and financial data of 143 million people.

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Pearl River Mart, once a casualty of skyrocketing retail rents, is planning to open another 3,500 square-foot store at Chelsea Market in Manhattan.

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Wall Street continues to close its eyes, hold its nose and ignore the many risks facing the stock market and economy.

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Medical Practice Building Financing

Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Forest City Considering Potential M&A Options, Other Alternatives for Boosting Asset Value + MORE 09/12/2017

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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.

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The board of directors at Cleveland-based Forest City Realty Trust Inc. (NYSE: FCEA) isn’t waiting around to get a letter from an activist investor asking what they’re doing to boost shareholder value.

This morning, the REIT announced that its board commenced a process to conduct areview of strategic options together with management and in consultation with financial and legal advisors to include such options as an accelerated and enhanced operating…

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Airports across Florida slowly came back to life Tuesday, two days after Hurricane Irma struck.

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PTC (NYSE: PTC) is headed to Boston’s Seaport District after the leading global tech firm finalized a deal with Skanska to occupy 250,000 square feet at 121 Seaport Blvd. for its corporate headquarters.

The computer software and services company will shift more than 1,000 employees from its Needham, MA offices to the top half of 121 Seaport, a 421,320-square-foot, 17-story, elliptical-shaped tower that broke ground in mid-2015 and has been lauded…

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Commercial Real Estate Financing

Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Irma hits markets; Orange juice prices; NAFTA talks + MORE 09/06/2017

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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.

One of China’s richest men is taking legal action against “rumormongers,” accusing them of spreading fake news about him and his company.

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Aon Group, a London-based professional services firm providing risk, retirement and health solutions, has agreed to buy real estate investment advisor The Townsend Group from its majority owner, Colony NorthStar Inc.

Aon agreed to pay for $475 million for Cleveland-based Townsend subject to certain purchase price adjustments…

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Britain must take radical action to fix “significant and destabilizing” inequality caused by a “broken economic model.”

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Related Companies, Oxford Properties Group and Mitsui Fudosan America, Inc. today announced the closing of a $1.5 billion senior construction loan for 50 Hudson Yards, which represents the final piece in the $3.8 billion financing of the massive development’s flagship tower.

Wells Fargo, Deutsche Bank, HSBC, Bank of China and Sumitomo Mitsui Banking Corp…

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1. Irma spooks markets: Hurricane Irma is moving through the Caribbean, pushing up commodity prices and applying pressure to travel stocks.

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Commercial Real Estate Financing

Commercial Real Estate Financing News – 904-551-6090 + More: Newmark Knight Frank Acquiring IRR Affiliate Offices in NYC/NJ, Five Other Eastern US Markets + MORE 09/05/2017

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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.

Business leaders are reiterating their support for Deferred Action for Childhood Arrivals and asking Congress to step in after the Trump Administration formally said it is ending the Obama-era program.

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President Trump’s top trade official says the U.S., Canada and Mexico are making progress in NAFTA negotiations.

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President Donald Trump claims to be a business-friendly president. But how can that be true when the five largest tech companies in America all vehemently oppose his stance on immigration?

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Summer is unofficially over now that investors have returned from the long Labor Day weekend. But is the year-long market rally about to end as well?

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Newmark Knight Frank (NKF) is finalizing the acquisition of six Integra Realty Resources (IRR) affiliate offices in New York/New Jersey, Philadelphia, Wilmington, DE; Baltimore, Washington D.C. and Atlanta, a move that’s been in the works for several months as a centerpiece of Newmark’s initiative to build a national valuation and advisory practice…

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Health-Care Office Building Financing

Commercial Real Estate Financing News + More: Raymond, Fant Join SRS Real Estate Partners + MORE 09/02/2017

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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.

SRS Real Estate Partners boosted its Net Lease Group with the addition of Britt Raymond and Kyle Fant in the firm’s New York City office.

Raymond was named first vice president for NYC. She has established herself as a leader in the market through her expertise and closing over $230 million in commercial real estate transactions…

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Roku is going public.

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WeWork Cos. has confirmed that Japanese telecommunications conglomerate Softbank Group Corp. will invest $3 billion directly into the office-sharing startup and $1.4 billion into three newly created subsidiaries to expand the company into China, Japan, Korea and Southeast Asia.

The total $4.4 billion investment is nearly one-third larger than last March, when the Wall Street Journal reported that WeWork had $300 million with plans to raise a total…

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An initial assessment of the potential impact of the epic storm on the Houston commercial real estate market by CoStar Group reveals that 27% of the market’s gross leasable area, representing $55 billion in property value, is located in flood zones and may have potentially suffered damage.

$16 billion of the $55 billion in property at risk is comprised of apartment buildings within the 100-year flood zone…

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The U.S. government has several levers it can pull to ease the pain at the pump caused by Hurricane Harvey.

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The rising number of people age 65 and over, pressure for health-care providers to cut costs and the rise of new technology will continue to drive demand and opportunities for medical office developers and investors, according to a new report by CBRE Group, Inc.

According to “U.S. Medical Office Buildings: A Cure for Market Volatility,” CBRE’s first report outlining the U…

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Health-Care Office Building Financing