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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.
Raymond, Fant Join SRS Real Estate Partners
– ostar.com
Raymond was named first vice president for NYC. She has established herself as a leader in the market through her expertise and closing over $230 million in commercial real estate transactions…
Roku is planning to file an IPO
– rss.cnn.com
The total $4.4 billion investment is nearly one-third larger than last March, when the Wall Street Journal reported that WeWork had $300 million with plans to raise a total…
CoStar Analysis: More Than One-Quarter of Houston's Commercial Real Estate May Have Suffered Flood Damage
– costar.com/News
$16 billion of the $55 billion in property at risk is comprised of apartment buildings within the 100-year flood zone…
What can Trump do about gas prices after Harvey?
– rss.cnn.com
According to “U.S. Medical Office Buildings: A Cure for Market Volatility,” CBRE’s first report outlining the U…
