Commercial Real Estate Financing News + More: 'Happy St. Comey's Day': Late night jokes about James Comey's testimony + MORE 06/09/2017

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.

Former FBI Director James Comey’s testimony on Thursday backed up some of the anonymous-sourced news reports about the FBI, but Comey took exception to one specific New York Times story from February.

Continue Reading On rss.cnn.com »

An exit poll suggesting that British Prime Minister Theresa May may have lost her parliamentary majority in a general election on Thursday sent the pound falling against the dollar.

Continue Reading On rss.cnn.com »

What’s it like to know a secret of major national importance?

Continue Reading On rss.cnn.com »

Prime Minister Theresa May called a snap U.K. general election in the hope of strengthening her hand in negotiations to take Britain out of the European Union.

Continue Reading On rss.cnn.com »

The recent performance of loans backing commercial and multifamily properties have again defied expectations and remained on strong footing in the first quarter of 2017, according to the Mortgage Bankers Association, which found that delinquency rates for mortgage loans were flat or decreased in its analysis of the market’s first quarter performance…

Continue Reading On costar.com/News »