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Commercial Real Estate News
Commercial Real Estate Financing News + More: See the view from SpaceX's historic mission + MORE 04/23/2017
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.
United Airlines says its CEO, Oscar Munoz, will not take broader control of the company as previously planned, after a high profile incident that damaged the company’s reputation.
Stores are closing at an epic pace
– rss.cnn.com
This week it was Bebe. Last month it was Staples. In February it was JCPenney.
Limiting the number of foreign doctors who can get visas to practice in the United States could have a significant impact on certain hospitals and states that rely on them, according to a new study.
Where Apple stands in its quest for 100% clean energy
– rss.cnn.com
Apple is producing more than 200 million electronic devices each year. And making all those iPhones, MacBooks and tablets takes an enormous amount of energy.
See the view from SpaceX's historic mission
– rss.cnn.com
SpaceX celebrated Earth Day by revealing a stunning photograph of the Earth captured during the company’s historic launch last month.
Commercial building on fire in Vandergrift
Commercial building on fire in Vandergrift Firefighters from as far away as Lower Burrell and Arnold were battling a blaze in the building housing Carpenter’s …
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Commercial Real Estate Financing News + More: Facebook shows teens that coding is cool + MORE 04/22/2017
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.
Trump denies Exxon permission to drill for oil in Russia
– rss.cnn.com
The Trump administration has denied ExxonMobil permission to bypass sanctions to drill for oil in Russia.
United Airlines says its CEO, Oscar Munoz, will not take broader control of the company as previously planned, after a high profile incident that damaged the company’s reputation.
Facebook shows teens that coding is cool
– rss.cnn.com
Raquel Lucente’s parents always expected her to become a lawyer. When she went to work at a little company called Facebook they were completely confused.
Trump signs orders that take aim at Dodd-Frank
– rss.cnn.com
President Trump is taking steps to keep his word to “do a big number” on the 2010 Dodd-Frank financial reform law.
Elon Musk's new plan to save humanity from AI
– rss.cnn.com
Read full story for latest details.
LEASED!!: **FOR LEASE 2014** – PRIME RESTAURANT / COMMERCIAL BUILDING IN BONITA SPRINGS, FLORIDA
UPDATE VI (12/07/2015) – As you know, this restaurant building was leased this past summer. It is NOW OPEN FOR BUSINESS. The restaurant name is: “Antica …
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Commercial Real Estate Financing News + More: Dodd-Frank in Trump's sights ahead of Friday Treasury meeting + MORE 04/21/2017
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.
Blackstone REIT Rapidly Adding to Initial Portfolio with 6 Million-SF Industrial Buy
– costar.com/News
Blackstone’s non-traded REIT, Blackstone Real Estate Income Trust, this week added another portfolio to its growing property stockpile.
The REIT’s latest acquisition is a six million-square-foot portfolio of predominantly infill industrial assets it purchased from affiliates of High Street Realty Co…
Multifamily Continues String of Profitable ROI in 2016
– costar.com/News
Apartment profits continued their string of strong performances last year, according to the latest full-year financial data collected on hundreds of thousands of multifamily units.
The combined 2016 net operating income at 4,362 conventional multifamily complexes reporting year-end numbers totaled $5…
Trump to American steelworkers: I've got your back
– rss.cnn.com
President Trump and Commerce Secretary Wilbur Ross have a message for big American steel companies. We’ll protect you.
Heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) announced Wednesday it will relocate to Chicago’s suburbs, opting to move its global headquarters to the northern Chicago suburb of Deerfield over several downtown options after more than 90 years being based in the heart of the state in Peoria, IL…
President Donald Trump is planning to take the next step Friday in his steady attack over the 2010 Dodd-Frank financial reform law.
"Restrained Optimism" Reigns in Latest ULI Forecast Predicting More Modest CRE Growth Through 2019
– costar.com/News
Reflecting what one real estate economist described as an overall sentiment of “restrained optimism,” the latest ULI Real Estate Consensus Forecast sees a more modest rate of commercial real estate transaction from the frenzied pace seen in recent years, and a gradual slowing but still increases in rental rates, occupancy and pricing through 2019…
Commercial Building / Church for Sale
What a great location! Available on a land contract! This commercial building sits in the middle of a residential area on a busy road on KI Sawyer! This building …
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Commercial Real Estate Financing News + More: Caterpillar to Relocate Global Headquarters to Chicago Suburb of Deerfield + MORE 04/20/2017
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.
Heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) announced Wednesday it will relocate its global headquarters to the northern Chicago suburb of Deerfield after more than 90 years of being based in Peoria, IL.
Caterpillar Chief Executive Officer Jim Umpleby said that after a thorough site selection process, the company picked Deerfield, located about 25 miles north of downtown Chicago, because of its proximity to O’Hare International Airport…
Beijing summons Apple over live-streaming apps
– rss.cnn.com
Beijing’s internet regulators are turning up the heat on Apple.
Oil drops; Verizon reports; U.S. futures rise
– rss.cnn.com
1. Oil trouble: It looks like major oil producers have something to worry about.
Former O'Reilly contributor: Complaints were ignored
– rss.cnn.com
Hours after 21st Century Fox announced Bill O’Reilly’s ousting from Fox News, former contributor Kirsten Powers recalled complaining about the former anchor’s behavior. She said she was told, “You know Bill, there’s nothing we can do.”
Office Market Swings in Tenants' Favor
– wsj.com
The seven-year expansion in the U.S. office market slowed in many big cities in the first quarter.
GM says Venezuela has seized its car plant
– rss.cnn.com
Read full story for latest details.
Auction – Commercial Building in Vadnais Heights
On Line Real Estate AUCTION On Line Bidding Ends on July 26th at 7:00 PM 777 County Road D East, Vadnais Heights, MN 55117 Selling to Highest Bid Over …
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Commercial Real Estate Financing News + More: His job in jeopardy, Bill O'Reilly's team fights back + MORE 04/19/2017
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.
It’s pink, blue and available at a Starbucks near you.
Malaysia Airlines wants to keep a closer eye on its planes.
Bank earnings; Pound hangover; French election thriller
– rss.cnn.com
1. Even more earnings: Morgan Stanley and BlackRock will report their latest results on Wednesday.
His job in jeopardy, Bill O'Reilly's team fights back
– rss.cnn.com
With his future at Fox News looking more precarious than ever, Bill O’Reilly is fighting back.
Internet retailing is eating into mall revenue, but competition from newer shopping centers was the most common cause of death for malls over the past decade, according to a recent study.
A sweeping House GOP bill would give the president new powers that could limit the independence of certain regulatory agencies.