Medical Office Building Financing News + More: Gonzaga's surprising profit + MORE 04/01/2017

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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.

Gonzaga’s most surprising achievement isn’t getting to the Final Four. It’s the sizable profit its men’s basketball team scored while playing in a small conference.

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Treasury Secretary Steven Mnuchin says he didn’t mean to promote the Lego Batman movie.

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When the women on the national hockey team started a protest for fair pay, they had no idea it would become a historic moment in women’s sports.

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SpaceX just made history by launching the same rocket into orbital space for a second time. And the jaw-dropping news did not stop there.

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