Commercial Real Estate News

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

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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.

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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GM announces more layoffs

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General Motors is cutting factory jobs again.

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Sean Spicer isn’t taking your questions.

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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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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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Medical Practice Building Financing

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

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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.

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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Read full story for latest details.

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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 Practice Building Financing

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

brtozone123

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.

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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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Read full story for latest details.

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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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Commercial Building Financing

Commercial Real Estate Financing News + More: Jobs report; ExxonMobil's big meeting; Earnings season winds down + MORE 05/28/2017

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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 cybersecurity attack that hit most Chipotle restaurants allowed hackers to steal credit card information from customers, the burrito chain confirmed.

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The U.S. could dramatically expand a ban on laptops and e-readers in airplane cabins, Department of Homeland Security Secretary John Kelly said Sunday.

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Nine days. Zero news conferences.

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Alex Rodriguez, the infamous former Yankee player, has just inked a contributor deal with ABC News, a source familiar with the agreement told CNNMoney.

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1. Jobs report: On Friday, the Labor Department will reveal how many jobs were added in May.

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Commercial Real Estate Financing

Commercial Real Estate Financing News + More: Big auto lender only checked 8% of applicants' incomes + MORE 05/27/2017

brtozone123

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.

Sean Hannity closed perhaps the most controversial week of his broadcasting career by taking a vacation. When he returns to work next week, his prime time Fox News program will have a slightly smaller slate of sponsors.

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Treasury Secretary Steven Mnuchin’s fiancée will sever ties to the Hollywood business Mnuchin once headed.

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Megan Liberman, the editor-in-chief of Yahoo News, announced Friday that she is leaving the company after the completion of its merger with Verizon.

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Nearly 107 million Americans have an auto loan.

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Commercial Building Financing

Commercial Real Estate Financing News + More: NYT subscribers dropping paper over climate column + MORE 05/01/2017

brtozone123

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.

Asking rents in many of New York City’s priciest shopping corridors declined in the first quarter of 2017.

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1. U.S. government shutdown averted: Lawmakers reached an agreement on a key spending bill late Sunday, avoiding the possibility of a government shutdown.

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Elon Musk’s SpaceX has pushed back its launch of a mysterious satellite for the U.S. intelligence community because of a sensor issue.

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21st Century Fox and the private equity firm Blackstone are in talks to launch a bid for Tribune Media, one of the nation’s largest television broadcasting companies, a source with knowledge of the matter said Sunday.

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After President Trump set off a furor over who should pay for a U.S. missile defense system that’s being installed in South Korea, his national security chief said Washington will pick up the check. For the time being, at least.

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A new columnist at The New York Times and his views on climate change have prompted some readers to cancel their subscriptions in protest.

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Stated Income Commercial Financing

Commercial Real Estate Financing News + More: China deports U.S. businesswoman it convicted of spying + MORE 04/30/2017

brtozone123

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.

An anonymous hacker claims to have stolen the fifth season of Netflix’s hit series “Orange is the New Black” and posted most of it online after the company says it ignored a request for ransom money.

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“Full Frontal” correspondents Ashley Nicole Black, Amy Hoggart, and Mike Rubens were less than an hour removed from an event that’s been in the works for months, and their joy was still palpable.

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President Donald Trump may have skipped the White House Correspondents’ Dinner, but Will Ferrell made sure at least one president showed up to Samantha Bee’s “Not the White House Correspondents’ Dinner.”

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1. More tech earnings: Once again, it’s a big week for tech.

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China has deported an American businesswoman whom it convicted of spying a few days earlier.

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Commercial Building Financing

Commercial Real Estate Financing News + More: The two biggest ways the Trump family could benefit from his tax plan + MORE 04/29/2017

brtozone123

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.

New York has plenty of opulence. In Manhattan, you can order up a $1,000 ice cream dish at Serendipity 3, shell out $7,500 for a bottle of champagne at a nightclub, or spend $75,000 to stay in an extravagant penthouse hotel suite.

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Read full story for latest details.

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Hollywood will be getting a new chief lobbyist in Washington.

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The one-page outline of President Trump’s tax plan is sparse on details, but it does show he favors tax cuts that help business owners, greatly benefiting the wealthiest among them.

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Apparently the C in Alphabet stands for crazy cash.

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Commercial Building Financing