Commercial Real Estate News

Commercial Real Estate Financing News + More: Murdoch brothers: Immigration is 'essential' to America + MORE 01/31/2017

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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.

Office property owners in New York’s suburbs are working to attract millennial workforces with amenities like restaurants, hiking trails, fitness clubs and natural lighting.

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The top executives at 21st Century Fox have weighed in on President Trump’s recent travel ban, informing staff that they “deeply value diversity and believe immigration is an essential part of America’s strength.”

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The truce between Ford and President Donald Trump took a hit Monday, as the automaker criticized the president’s ban on U.S. travel from seven Muslin countries.

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A reporter for Breitbart News was ejected from a press conference hosted by the Council on American-Islamic Relations on Monday.

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A judge in Buenos Aires, Argentina, has ordered Uber to be blocked.

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Ben Affleck will still be under the cowl, but not behind the camera.

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Stated Income Commercial Financing

Commercial Real Estate Financing News + More: Uber pushes back on Trump's order after #DeleteUber starts trending + MORE 01/30/2017

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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.

General Electric CEO Jeff Immelt says he shares the “concern” felt by his employees over President Trump’s executive order banning travel from seven Muslim majority countries.

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Starbucks says it plans to hire 10,000 refugees over five years in the 75 countries where it does business.

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Delta was hit by a crippling computer outage on Sunday night that disrupted flights around the nation.

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Office property owners in New York’s suburbs are working to attract millennial workforces with amenities like restaurants, hiking trails, fitness clubs and natural lighting.

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Uber pushed back against President Trump’s immigration ban, after taking serious heat on social media for its initial response.

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Kasra Rahjerdi can’t focus on code.

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Health-Care Office Building Financing

Commercial Real Estate Financing News + More: Tim Cook: 'Apple would not exist without immigration' + MORE 01/29/2017

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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 Sinclair Lewis novel “It Can’t Happen Here,” about a gradual fascist takeover of the United States, has joined George Orwell’s “1984” on Amazon’s list of its best-selling books.

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Donald Trump and other supporters of the Keystone XL pipeline tout it as a major source of jobs.

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The Trump administration’s immigration ban means that an Oscar nominee, Asghar Farhadi, may not be able to attend the awards ceremony next month.

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Read full story for latest details.

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Read full story for latest details.

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Stated Income Commercial Financing

Commercial Real Estate Financing News + More: CoStar's People of Note (Jan. 27) – CBRE Names New Presidents for Three Major US Divisions + MORE 01/28/2017

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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.

Billionaire buddies Warren Buffett and Bill Gates held court at a Q&A hosted at Columbia Business School Friday.

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Mark Zuckerberg has decided to speak up against President Trump.

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Look around, look around because Angelica, Eliza… and Peggy are going to the Super Bowl.

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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, South Florida, Minneapolis / St. Paul, Tampa / St. Petersburg, Atlanta, Dallas / Ft. Worth, St. Louis, Washington DC, Phoenix / Tucson, New York City, Northern California, Ohio, Southern California, Texas more!
CBRE Names New Top Managers for Three US Divisions
By…

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A ticket selling scam featuring the Broadway hit “Hamilton” — where resold tickets can go for thousands of dollars — bilked investors out of tens of millions of dollars, a federal complaint charged Friday.

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It’s an unlikely friendship.

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Stated Income Commercial Financing

Commercial Real Estate Financing News + More: Office Lease Up (November 14) Select Comfort Leases 211,000 SF at AMEX Minneapolis + MORE 11/14/2016

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.

A leading choice to be Donald Trump’s Treasury secretary is a campaign fundraiser and ex-banker who profited from both the housing meltdown and Bernie Madoff’s ponzi scheme.

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Sterling Equities sold the Park Tower office building at 400 N. Tampa St. in Tampa, FL for $79.75 million, or about $169 per square foot, to a joint-venture consisting of affiliates of City Office REIT, Inc. (NYSE: CIO), Feldman Equities Management and Tower Realty Partners.

The seller acquired the asset in 2006 from Colonnade Properties LLC for $50 million ($106 pSF), according to CoStar data…

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After years operating on the far-right fringe of American politics, Steve Bannon will now be one of the most influential members of Donald Trump’s White House.

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Select Comfort, the manufacturers of Sleep Number beds, has signed a new office lease for 211,000 square feet in the AMEX Minneapolis office building at 1001 S. 3rd Ave. in Minneapolis, MN.

The tenant plans to relocate its headquarters from suburban Plymouth, MN in October 2017 to this downtown facility…

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Conservative radio talk show host Laura Ingraham’s next microphone could be behind the White House press briefing room podium.

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American Apparel, one of the largest apparel manufacturers in North America and with 110 retail stores in the U.S., has filed for bankruptcy reorganization for the second time in a year.

Following emergence from its first Chapter 11 filing early this year, the company has continued to face persistent and widespread unfavorable market conditions and its turnaround strategy has failed, according to Mark Weinsten, chief restructuring officer for American…

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