Commercial Real Estate Financing News + More: After Heathcare Setback, Can Congress, Trump Administration Break Gridlock on Infrastructure, Tax Reform? + MORE 08/24/2017

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.

President Trump began an investigation earlier this year into whether steel imports were threatening national security. Four months later, the steel industry wants action.

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Gas prices are going to jump in some parts of the country as Hurricane Harvey nears the Texas coast.

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For the second consecutive quarter, the Real Estate Roundtable’s Economic Sentiment Index reflected waning market optimism, largely due to the political uncertainties and lack of progress on pro-growth initiatives in Washington.

At the same time, however, respondents to the third-quarter survey conducted earlier this month continued to express confidence that property-level metrics and performance are holding steady even as hope dims over prospects…

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The U.S. commercial real estate market could soon find out what happens when the government of the world’s largest country tightens the spigot on overseas investments from its citizens. Last week, the State Council of the People’s Republic of China officially announced measures to curb outbound investment – a move Chinese officials had been hinting at all year…

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The U.S. commercial real estate market could soon find out what happens when the government of the world’s largest country tightens the spigot on overseas investments from its citizens. Last week, the State Council of the People’s Republic of China officially announced measures to curb outbound investment – a move Chinese officials had been hinting at all year…

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Commercial Real Estate Financing News + More: The Arizona Republic front page played Trump rally with a different approach + MORE 08/23/2017

Health-Care Office Building Financing – More Info Here!

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.

James Damore, the Google engineer who was fired after he wrote an explosive memo on diversity, has retained an attorney.

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Ferrari has released photos of the new convertible model it will unveil at the Frankfurt Motor Show next month. The V8-powered Ferrari Portofino will replace the California T, Ferrari’s entry-level model.

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The U.S. government won’t try to stop Amazon’s $13.7 billion takeover of Whole Foods, a deal that has massive implications for both e-commerce and how we shop for food.

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Many newspaper front pages on Wednesday featured a photo of President Trump with headlines that mentioned him by name. They touched on themes from his blustery speech at a rally in Phoenix, Arizona.

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Commercial Real Estate Financing News + More: Charities are hitting Trump where it hurts — the wallet + MORE 08/21/2017

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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.

Just over three months after acquiring the leasehold of the Westin Maui Resort & Spa from Marriott International Inc. for $317 million, Trinity Investments LLC and Oaktree Capital Management, LP have announced a joint venture to invest up to $3 billion in Trinity’s core markets of Hawaii, California, Mexico and Japan…

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We finally have a name for Google’s latest mobile operating system: Android Oreo.

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As President Trump prepares to address the nation Monday evening to announce his strategy in Afghanistan, it’s worth noting how much the longest U.S. war in the country’s history has already cost Americans financially.

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Foxconn’s plan to create thousands of jobs in Wisconsin is moving right along.

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Travel Leaders Group has signed a lease to occupy 105,892 square feet at 1633 Broadway in New York City.

The largest travel agency in the U.S., Travel Leaders Group will occupy the entire 35th and 36th floors on a 10-year deal slated to commence in Q1 2018.

The CBRE team of Patrice Meagher, Paul Amrich, Howard Fiddle, Emily Jones and Robert Hill brokered the lease on behalf of the landlord, Paramount Group…

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At least 11 organizations have canceled fundraisers at Mar-a-Lago, President Trump’s Florida resort.

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Commercial Real Estate Financing News + More: Carl Bernstein: This is the Trump story reporters need to cover + MORE 08/20/2017

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.

Despite having more financial “skin in the game” than ever, many consumers don’t make any attempt to compare prices for health care services, a newly released study found.

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Prominent organizations are canceling events at Mar-a-Lago, President Trump’s resort in Florida.

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Another group has ditched plans to host an event at President Trump’s Mar-a-Lago resort.

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Buckle up: Negotiators from the United States, Canada and Mexico are trying to rewrite NAFTA by the end of the year. That won’t be easy.

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Is President Trump stable and competent enough to do his job?

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Commercial Real Estate Financing News + More: Feeling lucky? There's a $535M Powerball drawing tonight + MORE 08/19/2017

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.

Volkswagen will revisit its Microbus history, but with a twist.

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James Bond’s favorite car company just made a splash on the auction scene.

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Here’s a bit of good news: There’s a half-billion dollar lottery prize up for grabs.

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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: Chicago, San Francisco, Boston, Northern New Jersey, Washington DC, Los Angeles, New York City, Atlanta, Minneapolis, Seattle, Salt Lake City, Las Vegas, Toronto, Austin, Dallas / Ft…

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Suburban office markets with emerging ‘urban-style’ live-work environments and good transportation access are gaining increasing cachet among investors and cost-conscious office users, according to a new survey of the nation’s 25 largest suburban markets by CBRE Group, Inc.

As office prices and rental rates rise in the nation’s CBDs, certain “urban-suburban” districts may offer investors opportunities at lower prices, according to CBRE, noting…

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Tuesday’s Commerce Department report of a major boost in U.S. retail sales in July, combined with a stronger-than-expected jobs report earlier this month, suggests that the U.S. economy continued its slow but steady expansion in the third quarter.

Usually, record highs in the stock market, strong economic indicators and stable fundamentals across U…

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Commercial Real Estate Financing News + More: Woman sues casino that offered her steak dinner instead of $43 million jackpot + MORE 06/16/2017

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.

A top government ethics official is taking issue with a White House waiver that allows chief strategist Steve Bannon to talk to the news organization he used to run.

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Nebraska residents will not be shut out of Obamacare next year.

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A slot machine told her she hit a massive jackpot, but the casino claimed it was a machine error and offered her a meal on the house. Now, she’s taking this to court.

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The United States is starting to lose its historical status as a global champion of press freedoms, according to Davan Maharaj, the editor-in-chief and publisher of the Los Angeles Times.

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First came “The Wolf of Wall Street.” Now the U.S. government says two more feature films were financed by illicit foreign money.

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Commercial Real Estate Financing News + More: 'Bachelor in Paradise' cast members at center of allegations speak out + MORE 06/15/2017

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.

The Fox News Channel quietly dropped its “Fair and Balanced” slogan last year in an effort to move beyond the era of its former chairman and CEO, Roger Ailes.

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“Bachelor in Paradise” has been ensnared since last weekend in allegations of misconduct, and now the two contestants at the center of the matter have spoken out for the first time.

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Intel CEO Brian Krzanich has a warning for companies and industries that haven’t started to prepare for the next big tech disruptor — don’t wait.

“Companies should start thinking about their autonomous driving strategy now,” said Krzanich, who ranks the fast-developing technology on par with the rise of personal computing, the internet and smartphones for its potential impact on traditional business models…

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The desire to work for international companies is waning amongst China’s best and brightest.

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For fliers, it’s been an angry spring.

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Urgent care clinics have become one of the fastest-growing segments of the medical-care industry, and more are showing up in neighborhood retail centers, providing a boost to flagging occupancy levels. While they may not be a cure to what ails the shopping center industry, they are offering some relief…

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Commercial Real Estate Financing News + More: China reportedly detains chief of insurer that held talks with Kushner firm + MORE 06/14/2017

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.

Pay attention home buyers, car drivers and credit card debtors: The Federal Reserve could raise rates on Wednesday.

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Uber is having a tough time getting a fresh start.

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Australia’s rapid embrace of rooftop panels—now installed on one in four homes in some areas—has collided with another hot spot of investment, construction of apartments and homes.

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Retailers, food and beverage operators and department store chains looking to renew their leases have been asking for more allowances from mall owners.

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Almost 200 Democratic members of Congress plan to sue President Trump on Wednesday, alleging that he is violating the Constitution by accepting foreign money through his business empire.

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The head of a deal-hungry Chinese insurer that recently held talks with the Kushner family over a New York office tower is reported to have been detained by Chinese authorities.

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Commercial Real Estate Financing News + More: Retail bloodbath: Bankruptcy filings pile up + MORE 06/13/2017

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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.

The production of “Julius Caesar” now being put on in New York City, which depicts the assassination of a ruler who resembles President Trump, isn’t the first time Shakespeare’s masterpiece has seen a modern politician subbed in for Caesar. It’s not even the first time the director, Oskar Eustis, has done that.

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Bankruptcies continue to pile up in the retail industry.

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New teachers and state workers will no longer get a traditional pension in Pennsylvania.

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CBRE Group, Inc. has entered into a definitive agreement to purchase a majority interest in Toronto-based Caledon Capital Management Inc., an investment management business specializing in private infrastructure and private equity investments.

Caledon and its team of 30 people will be renamed CBRE Caledon Capital Management Inc…

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The Public Theater said Monday afternoon that it stands “completely behind” its production of “Julius Caesar” following controversy over its staging of the play in New York City’s Central Park, which includes a bloody assassination of a ruler who resembles President Trump.

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When Megyn Kelly released the 90-second promo for her interview with controversial media figure Alex Jones, the pushback was immediate.

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Commercial Real Estate Financing News + More: Uber set for changes after board reviews report on workplace culture + MORE 06/12/2017

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.

The government of Qatar has hired one of the War on Terror’s legal heavyweights to advise the country on international counter-terrorism finance laws.

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“Wonder Woman” is still wonderful at the box office, but Tom Cruise and “The Mummy” are staggering.

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A New York Times reporter who is well-versed in dealing with anonymous sources and leaking has some advice for journalists: Be more careful.

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Jackpot! A lucky lotto player in California had all the winning numbers after Saturday’s Powerball drawing, lottery officials said.

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