Commercial Real Estate Financing News + More: Square Feet: ‘A Different Los Angeles’: The City Moves to Alter Its Sprawling Image + MORE 04/24/2017

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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.

1. French election rally: The euro surged 1.2% against the dollar on Monday after pro-European reformer Emmanuel Macron emerged as the front runner to become the next French president.

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It’s the ultimate Jimmy Choo sale.

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Global retail landlord Gazit-Globe is planning to open a private U.S. subsidiary to invest in real estate in New York and other major metropolitan areas, the company said.

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Even top tech executives think they could be replaced by robots one day.

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The fight over Obamacare’s future is now threatening to shut down the federal government.

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After voters defeated a measure that would have curtailed construction, the city’s future looks much denser.

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