Commercial Real Estate News
Commercial Real Estate Financing News + More: Bulls galore! Has Trump unleashed America's animal spirits? + MORE 03/10/2017
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.
Trump travel ban is discouraging U.S. visitors
– rss.cnn.com
President Donald Trump’s travel ban could keep out more international travelers than he bargained for.
CoStar's People of Note (Mar. 10)
– costar.com/News
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, Santa Fe, Boston, Chicago, Orange County, Phoenix/Tucson, Toronto, Salt Lake City, Northern New Jersey, Philadelphia, Florida and more!
NEW YORK CITY
Kimco Taps Cooper as President, Jamieson as COO
By Justin Sumner
NEW YORK CITY
Kimco Taps Cooper as President, Jamieson as COO
By Justin Sumner
<img src="http://gateway…
Lawmakers look to stop shrinking airplane seats
– rss.cnn.com
Lawmakers are trying to put a stop to shrinking airline seats … again.
JPMorgan CEO Jamie Dimon says that stocks have rallied because President Trump has awoken the “animal spirits” of investors.
A sloth's guide to business travel
– rss.cnn.com
Travelers have been flocking to Portland, Oregon lately — in fact there’s been a 28% increase in tourists to the unofficial hipster city in the past five years, according to the Port of Portland. If you’re headed there for work, you’ll certainly want to check out the cool cafes, bookstores, and food trucks that line the city’s blocks.
Read full story for latest details.
882 40th St Grand Rapids, MI Commercial Building for Lease
882 40th St Grand Rapids, MI commercial office building for lease. 15475 square feet of prime office space is conveniently located near the M6, I-96, US131, …
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Commercial Real Estate Financing News + More: Mark Zuckerberg, Priscilla Chan expecting second baby girl + MORE 03/09/2017
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.
Treasury Secretary Steven Mnuchin sent a letter this week to Congress warning that the United States is about to reach its legal borrowing limit by next Thursday.
New RadioShack Owners Putting Chain Back in Bankruptcy
– costar.com/News
While the February 2015 Ch. 11 reorganization of RadioShack is still winding its way through bankruptcy court, the new owners who acquired the assets of the electronics retail chain and took over about 1,500 of its stores, filed for its own Ch. 11 reorganization yesterday.
General Wireless Operations Inc…
President Trump’s pledge to unleash $1 trillion in infrastructure spending is generating a flurry of lobbying from an alphabet-soup list of trade groups whose members are jockeying to reap potentially huge benefits.
Mark Zuckerberg and wife Priscilla Chan are expecting another baby girl.
Short Sellers Target Mall REITs
– wsj.com
Bearish bets on retail-focused real estate investment trusts have risen, reflecting short sellers’ belief that mall landlords will struggle.
Fox News still hounded by sexual harassment allegations
– rss.cnn.com
More than seven months after the ouster of Roger Ailes, Fox News is still scrambling to deal with sexual harassment allegations against executives and on-air talent.
Commercial Real Estate Financing News + More: 'Lego Batman' producer today. Treasury secretary tomorrow? + MORE 02/13/2017
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.
Why tax reform is a lot harder than it looks
– rss.cnn.com
All that happy talk in Washington about getting tax reform done fast is already proving unrealistic.
Amazon’s Living Lab: Reimagining Retail on Seattle Streets
– nytimes.com/services
The company is putting its stamp on the city with an expanding array of unconventional experiments in bricks-and-mortar sales.
To tackle Thailand’s mounting trash problem, one company is turning to the country’s plant life.
Trump sons tell New York Times they can avoid conflicts
– rss.cnn.com
Eric Trump says he can manage his father’s business without running afoul of ethical conflicts, according to a report in the New York Times.
Steven Mnuchin had a pretty good weekend.
Verizon is bringing back unlimited data
– rss.cnn.com
Verizon is bringing back an unlimited data plan.
Riverside Window Cleaning Company Pressure Washing A Commercial Building
Revelation Window Cleaning, a Riverside California based window washing company, is cleaning a 3 story building in this video. The pressure washer alone …
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Commercial Real Estate Financing News + More: Outdoor retailers boycott Utah over public land policies + MORE 02/12/2017
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.
Disney parks are getting pricier
– rss.cnn.com
“The Happiest Place on Earth” is getting a bit pricier.
Outdoor retailers boycott Utah over public land policies
– rss.cnn.com
A massive showcase with some of the biggest names in outdoor sporting goods typically convenes each year in Utah.
Air Canada's colors: bandit, raccoon or loon?
– rss.cnn.com
There hasn’t been an issue this divisive in Canada since Tim Hortons stopped making donuts in their stores.
Alec Baldwin is more than just one thing on “Saturday Night Live.” He’s Pete Schweddy of “Schweddy Balls” and the scoutmaster in “Canteen Boy” and Tony Bennett and, as of this Saturday night, the person who’s hosted SNL 17 times, more than anyone else. But it’s this latest stint as host that may end up defining Baldwin’s legacy on the show.
Apple CEO Tim Cook wants the tech industry to take action against “fake news” stories that are polluting the web.
Mt. Vernon Avenue Commercial Building (1900)
1533-1537 Mt. Vernon Ave., Columbus, OH 43205 Owner: John R. Toone Anchoring the intersection of Taylor and Mt. Vernon avenues, the handsome building …
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Commercial Real Estate Financing News + More: Under Armour tries to recover from Trump compliment + MORE 02/11/2017
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.
Tesla's battle with union organizers is heating up
– rss.cnn.com
A Tesla factory worker says he wants to form a union. Elon Musk says he’s being paid by United Auto Workers. The UAW says Musk is spreading fake news.
Under Armour tries to recover from Trump compliment
– rss.cnn.com
Read full story for latest details.
Senator asks the FBI to explain its new FOIA rules
– rss.cnn.com
Faxing the government may not be the most efficient way to get information. And one senator wants to know why the FBI is going back to the eighties.
Health Secretary Tom Price doesn’t have a lot of time to settle into his new job before he has to make some major moves on Obamacare.
Visa crackdown puts these rural doctors at risk
– rss.cnn.com
Read full story for latest details.
1.5 Acres with House and Commercial Building in Floyd for Sale at Auction
There will be an auction of 1.5 Acres with a home and commercial building located in the Town of Floyd. The Auction will be live and online. Online bids may be …
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