Commercial Real Estate Financing News + More: These companies will be closed on Election Day + MORE 11/05/2016

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.

Brad Pitt has officially responded to Angelina Jolie’s divorce filing and is seeking joint custody of their children.

Continue Reading On rss.cnn.com »

In explaining the reasoning behind his settlement with Hulk Hogan this week, Gawker Media founder Nick Denton expressed relief that his former staffers could now “entertain and inform their readers with fewer distractions.”

Continue Reading On rss.cnn.com »

Read full story for latest details.

Continue Reading On rss.cnn.com »

Read full story for latest details.

Continue Reading On rss.cnn.com »