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Special Purpose Properties!

It is becoming increasingly difficult to get commercial loans for special purpose properties. Properties that do not fall in the categories of apartments or retail/office buildings are often placed in this special purpose classification. This means that business acquisition loans for commercial properties such as restaurants/bars and auto service businesses are frequently hard to find. Commercial financing will be even more difficult to locate for such specialized properties as churches, funeral homes, nursing homes and assisted living facilities.

Elon Musk, the CEO of Tesla and SpaceX, has quit two of President Trump’s business advisory councils after the president announced he will pull the U.S. out of the historic Paris climate agreement.

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Two CEO advisers walked away from President Trump on Thursday.

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SpaceX was forced to delay an historic launch that was slated to send a used spacecraft into orbit.

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Read full story for latest details.

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“This is the biggest U.S. foreign policy error since entering the Iraq War.”

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