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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.
What? Canadian Real Estate Can Go Down in Value?
– costar.com/News
Can’t imagine real estate going down in value? The chief executives of Canada’s two largest real estate investment trusts can tell you they’ve lived through it…
Bigger Leases and Pricier Deals Mark Manhattan’s Office Market This Year
– costar.com/News
According to CoStar data, no fewer than 26 office leases have been signed in excess of 100,000 square feet each…
Look Out Canada, Here Comes Blackstone
– costar.com/News
Blackstone Group’s $3.8 billion deal for Canada’s largest industrial real estate investment trust was probably enough to shake the Canadian property market on its own…
Ford tells Trump why it won't make China-built car in US
– rss.cnn.com
Les Moonves is about to leave CBS, sources say
– rss.cnn.com
