Commercial Real Estate Financing News + More: 'Biggest U.S. foreign policy error since Iraq War' + MORE 06/02/2017

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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.

Taubman Centers, Inc. (NYSE:TCO) this morning announced that shareholders voted to elect CEO Robert S. Taubman and two other company nominees to the board of directors, turning back a challenge by activist hedge fund Land and Buildings, which nominated a different slate of board candidates.

The mall REIT’s proxy solicitor advised that, according to preliminary results of the annual election, shareholders voted to elect Taubman, Cia Buckley Marakovits…

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Elon Musk, the CEO of Tesla and SpaceX, has quit two of President Trump’s business advisory councils after the president announced he will pull the U.S. out of the historic Paris climate agreement.

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“This is the biggest U.S. foreign policy error since entering the Iraq War.”

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Fast-food eatery Taco Bell, whose slogan is Live Mas, has launched a ‘Grow Mas’ strategy – an approach that sets it apart from its sister chains: Pizza Hut and KFC (Kentucky Fried Chicken) in the U.S.

All three are restaurant brands of Louisville-based Yum! Brands (NYSE: YUM). But while KFC and Pizza Hut are shrinking their real estate footprint at home, Taco Bell this past week outlined plans to grow the chain both here and abroad, with the goal…

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SpaceX was forced to delay an historic launch that was slated to send a used spacecraft into orbit.

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A growing appetite among consumers-on-the-go for the broader selection of food options and other grocery items offered at larger, modern convenience stores is fueling a wave of consolidation and new development in the often overlooked triple-net convenience store segment of U.S. retail.

The Association for Convenience and Fuel Retailing (NACS) reports the number of c-stores in the country increased 0…

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