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Debt Service Coverage Ratio!
The most flexible approach to Debt Service Coverage Ratio for a commercial property loan will require a Debt Service Coverage Ratio in the range of 1 to 1.2, with exceptions permitting a Debt Service Coverage Ratio less than 1.
It is not unusual to encounter a minimum commercial real estate loan requirement of $500,000 to $1,000,000.
Many traditional banks require three to nine months to close a commercial mortgage. A more action-oriented commercial lender will close commercial real estate loans in 45 to 60 days.
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.
Read full story for latest details.
How fight over Obamacare could shut down the government
– rss.cnn.com
The fight over Obamacare’s future is now threatening to shut down the federal government.
Jimmy Choo (the company) is now on sale
– rss.cnn.com
It’s the ultimate Jimmy Choo sale.
Jack Ma: In 30 years, the best CEO could be a robot
– rss.cnn.com
Even top tech executives think they could be replaced by robots one day.