http://generalcontractorfayettevillenc.com Commercial building renovation company provides office renovation in Fayetteville NC. Call 910-988-3512. J Lynn …
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Commercial Real Estate News
Commercial Real Estate Financing News + More: Recent Commercial Real Estate Transactions + MORE 04/28/2017
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.
Square Feet: Amid Delays, Hong Kong’s Ambitious Museum Plan Takes Shape
– nytimes.com/services
The government is heavily promoting the M+ museum, set to open two years behind schedule in 2019, but questions of curatorial independence remain.
In the post-Roger Ailes, post-Bill O’Reilly era, Fox News co-president Bill Shine is the network’s most valuable player. He has been with the Fox since its inception, was Ailes’ right-hand man for two decades, and has deeper relationships with its top talent than anyone.
U.K. growth falls to just 0.3%. Is more pain on the way?
– rss.cnn.com
Britain’s economy grew by just 0.3% in the first quarter as higher prices discouraged consumers from spending.
Recent Commercial Real Estate Transactions
– nytimes.com/services
Recent commercial real estate transactions in New York City.
Trump's first GDP report; Exxon earnings; Brexit bites
– rss.cnn.com
1. The Trump economy: The Trump administration’s first economic report card publishes at 8:30 a.m. ET on Friday.
US Office Vacancy Rises for First Time Since 2010 as Construction Peaks and Rent Growth Slows
– costar.com/News
The U.S. office vacancy ticked up 0.1% in the first three months of 2017 to 10.3% marking the first quarterly increase since 2010.
Total net absorption in the US office market slipped approximately 9% from the same period a year ago as developers added an additional 19 million square feet of new office space across the country…
3D Laser Scanning/BIM Documentation: Commercial Building
http://www.DJSscans.com A large commercial 3D Laser Scanning/BIM documentation project completed for Foulger-Pratt Development …
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Commercial Real Estate Financing News + More: The 10 things United is doing to avoid another dust-up, drag-out passenger fiasco + MORE 04/27/2017
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.
Read full story for latest details.
Trump's energy plan isn't a game-changer
– rss.cnn.com
One of the pillars of President Trump’s economic agenda is a promise to unleash the American energy industry.
Newmark Grubb Taps Former Colliers Exec Craig Robinson to Lead Global Corporate Services
– costar.com/News
Newmark Grubb Knight Frank has hired former Colliers International Group, Inc. president of U.S. operations Craig Robinson to serve as CEO of global corporate services, a newly created role at the New York City based commercial real estate services firm.
Robinson, based in New York City, will be charged with guiding and growing NGKF’s global platform for occupier clients, which CEO Barry Gosin said in a release is the firm’s “number one priority…
Trump targets NAFTA; Tech earnings; U.S. tax plan
– rss.cnn.com
1. Trump moves on NAFTA: President Trump has announced plans to renegotiate the North American Free Trade Agreement.
Here's Trump record on the middle class
– rss.cnn.com
As President Trump hits the 100-day milestone, one of the key questions is this: Is Trump delivering for the middle class?
Samsung to investors: We don't need to change … too much
– rss.cnn.com
Samsung Electronics likes itself just the way it is.
Technology Concierge for Commercial Building Tenants: riserSAFE Program
Today, business is about being connected, with Internet technology providing instant access to email, voice, video and cloud data seamlessly and reliably.
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Commercial Real Estate Financing News + More: Starwood Launches New Hotel Brand as Supply Ramps Up in Extended Stay Segment + MORE 04/26/2017
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.
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…
Citi returns to Saudi Arabia with a woman in charge
– rss.cnn.com
Citigroup is making a comeback in Saudi Arabia, this time with a woman in charge.
Square Feet: ‘A Different Los Angeles’: The City Moves to Alter Its Sprawling Image
– nytimes.com/services
After voters defeated a measure that would have curtailed construction, the city’s future looks much denser.
China is crushing South Korea's tourism industry
– rss.cnn.com
Pro tip for countries looking to keep their tourism numbers up: Don’t annoy China.
Credit Suisse is raising $4 billion
– rss.cnn.com
Credit Suisse plans to raise $4 billion to help rebuild its finances after two years of layoffs and losses.
A Hamptons Hotel Taps Into Rhode Island’s Beach Scene
– nytimes.com/services
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.
Dryer vent cleaning on a commercial building
This is a vertical dryer vent that was 30 feet long.
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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.
Nasdaq near 6,000; Earnings bonanza; Fashion deal
– 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.
RLJ Lodging and FelCor Merging in $1.2 Billion Deal
– costar.com/News
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…
Sheryl Sandberg kicks off her next movement: resilience
– rss.cnn.com
Ten days after Sheryl Sandberg’s husband died unexpectedly, she returned to work at Facebook.
More North Korea sanctions? They haven't worked so far
– rss.cnn.com
President Trump says he wants new United Nations sanctions on North Korea, calling the country “a real threat to the world.”
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.
'Carpool Karaoke' fans kept waiting for Apple series
– rss.cnn.com
Read full story for latest details.
Commercial Building Awards 2012
http://www.trebcommercial.com.
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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.
Jimmy Choo (the company) is now on sale
– rss.cnn.com
It’s the ultimate Jimmy Choo sale.
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.
Jack Ma: In 30 years, the best CEO could be a robot
– rss.cnn.com
Even top tech executives think they could be replaced by robots one day.
How fight over Obamacare could shut down the government
– rss.cnn.com
The fight over Obamacare’s future is now threatening to shut down the federal government.
Square Feet: ‘A Different Los Angeles’: The City Moves to Alter Its Sprawling Image
– nytimes.com/services
After voters defeated a measure that would have curtailed construction, the city’s future looks much denser.