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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.
Blackstone REIT Rapidly Adding to Initial Portfolio with 6 Million-SF Industrial Buy
– costar.com/News
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
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
"Restrained Optimism" Reigns in Latest ULI Forecast Predicting More Modest CRE Growth Through 2019
– costar.com/News
