Commercial Real Estate Financing News + More: Feds Offering Controlling Interest in 500,000-SF International Trade Center + MORE 11/08/2016

Health-Care Office Building Financing – More Info Here!

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.

Wall Street, like the rest of America, is nervously waiting for the wild and crazy 2016 election season to finally come to a close.

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Hogan Lovells, a multi-national law firm, has signed a lease for 206,720 square feet at 390 Madison Ave. in New York City.

The 32-story, 4-Star office building totals 862,154 square feet on 1.1 acres in the Grand Central submarket of Midtown Manhattan, between 46th and 47th Streets, and is currently undergoing re-massing and redevelopment…

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Clarion Partners, on behalf of a separate account client managed by the firm, has sold the eight-building Greenwich Office Park in Greenwich, CT for $130 million, or about $344 per square foot, to Fareri Associates.

Located at 1 – 9 Greenwich Office Park, the portfolio totals 377,939 square feet of recently-renovated, class A office space in the Greenwich submarket of Fairfield County, in close proximity to the Greenwich train station, I-95, and…

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It’s unlikely any of us will ever paint like Picasso, but it’s getting easier to at least mimic his style.

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Donald Trump ended his campaign the same way he began: By lambasting the journalists who cover him.

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The U.S. General Services Administration (GSA) National Capital Region (NCR) has issued a Request for Proposals (RFP) for a private sector company to take a controlling leasehold interest and run the International Trade Center (ITC) portion of the Ronald Reagan Building.

The RFP covers the 500,000-square-foot ITC space within the larger 4 million-square-foot Reagan Building at 1300 Pennsylvania Ave…

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Commercial Real Estate Financing News + More: Bots, tweets and doodles: Tech companies get you ready to vote + MORE 11/07/2016

Commercial Real Estate Financing – Click Now!

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.

Keeping Long Island City’s diversity of real estate—and somehow keeping it affordable—is a top concern for those who have helped to grow the neighborhood.

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You know it’s a wild election season when a mere letter from the FBI is enough to spark a global stock market rally.

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On Tuesday, millions of Americans will cast their votes to elect the 45th president of the United States.

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Iran is on the brink of clinching billions of dollars of Western investment in its oil and gas industry, the first since sanctions were lifted earlier this year.

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Broadstone Net Lease, a private real REIT managed by Broadstone Real Estate LLC, continues to grow its national portfolio of triple-net leased properties. BNL acquired via sale leaseback, a 24-property Bloomin’ Brands Inc. (NASDAQ:BLMN) portfolio, which includes 22 Outback Steakhouses and two Carrabba’s Italian Grill properties in 13 states…

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Commercial Real Estate Financing News + More: Hillary Clinton's secret weapon: Wellesley + MORE 11/06/2016

Medical Office Building Financing – Click Here!

Stated Income Loan Programs

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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.

Nancy Wanderer has proudly worn an “Elect Hillary Clinton” shirt every single day from the Democratic National Convention in July until Election Day. Her car has eight Clinton campaign stickers on it.

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Even “Saturday Night Live” has had enough of this election.

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Win or lose Tuesday, Hillary Clinton has captured a victory from one group of Americans — children.

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1. The U.S. presidential election: The fate of the next four years will be decided on Tuesday. According to a CNN poll, Clinton and Trump are neck to neck in key battleground states, including New Hampshire, Arizona, Florida, Nevada and Pennsylvania.

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Commercial Real Estate Financing News + More: These companies will be closed on Election Day + MORE 11/05/2016

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.

Brad Pitt has officially responded to Angelina Jolie’s divorce filing and is seeking joint custody of their children.

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In explaining the reasoning behind his settlement with Hulk Hogan this week, Gawker Media founder Nick Denton expressed relief that his former staffers could now “entertain and inform their readers with fewer distractions.”

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Read full story for latest details.

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Read full story for latest details.

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Commercial Real Estate Financing News + More: 'The Simpsons' renewed for an unprecedented 30th season + MORE 11/04/2016

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.

When MK Goh was a child, condoms were a regular topic of discussion at the dinner table.

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Ay caramba! Thirty seasons of “The Simpsons.”

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A lot of people are moving out of California because they can’t afford to live there anymore.

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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: New York City, Denver, Dallas / Ft. Worth, San Francisco, Philadelphia, Boston, Milwaukee / Madison, San Diego, Columbus, Atlanta, Charlotte, Indianapolis, Toronto, South Carolina, and Baltimore…

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America has gained 10.9 million new jobs since President Obama took office.

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A rent increase has prompted the store to shutter in January, leaving the underserved borough without a general-interest bookstore.

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