Medical Office Building Financing News + More: Outdoor retailers boycott Utah over public land policies + MORE 02/12/2017

Health-Care Office Building Financing – More Info Here!

Stated Income Options Available

Call BRT Financial @ 904-551-6090

Tax Returns versus Stated Income!

Most traditional banks will require several years of tax returns in order to qualify for a commercial real estate loan. The alternative is to use a Stated Income lender that does not verify personal income or assets. Many borrowers will simply not qualify for a commercial mortgage loan if tax returns are used due to high business expenses (and low net income). Many lenders using tax returns will also continue to verify income after the loan closes. Stated Income lenders will not engage in this practice.

A massive showcase with some of the biggest names in outdoor sporting goods typically convenes each year in Utah.

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Apple CEO Tim Cook wants the tech industry to take action against “fake news” stories that are polluting the web.

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Alec Baldwin is more than just one thing on “Saturday Night Live.” He’s Pete Schweddy of “Schweddy Balls” and the scoutmaster in “Canteen Boy” and Tony Bennett and, as of this Saturday night, the person who’s hosted SNL 17 times, more than anyone else. But it’s this latest stint as host that may end up defining Baldwin’s legacy on the show.

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There hasn’t been an issue this divisive in Canada since Tim Hortons stopped making donuts in their stores.

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“The Happiest Place on Earth” is getting a bit pricier.

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Commercial Real Estate Financing News + More: Outdoor retailers boycott Utah over public land policies + MORE 02/12/2017

Medical Office Building Financing – Click Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

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.

“The Happiest Place on Earth” is getting a bit pricier.

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A massive showcase with some of the biggest names in outdoor sporting goods typically convenes each year in Utah.

Continue Reading On rss.cnn.com »

There hasn’t been an issue this divisive in Canada since Tim Hortons stopped making donuts in their stores.

Continue Reading On rss.cnn.com »

Alec Baldwin is more than just one thing on “Saturday Night Live.” He’s Pete Schweddy of “Schweddy Balls” and the scoutmaster in “Canteen Boy” and Tony Bennett and, as of this Saturday night, the person who’s hosted SNL 17 times, more than anyone else. But it’s this latest stint as host that may end up defining Baldwin’s legacy on the show.

Continue Reading On rss.cnn.com »

Apple CEO Tim Cook wants the tech industry to take action against “fake news” stories that are polluting the web.

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Medical Office Building Financing News + More: Trump's new health secretary already planning changes to Obamacare + MORE 02/11/2017

Commercial Real Estate Financing – Click Now!

Stated Income Options Available

Call BRT Financial @ 904-551-6090

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.

Read full story for latest details.

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A Tesla factory worker says he wants to form a union. Elon Musk says he’s being paid by United Auto Workers. The UAW says Musk is spreading fake news.

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Faxing the government may not be the most efficient way to get information. And one senator wants to know why the FBI is going back to the eighties.

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Health Secretary Tom Price doesn’t have a lot of time to settle into his new job before he has to make some major moves on Obamacare.

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Commercial Real Estate Financing News + More: Under Armour tries to recover from Trump compliment + MORE 02/11/2017

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.

A Tesla factory worker says he wants to form a union. Elon Musk says he’s being paid by United Auto Workers. The UAW says Musk is spreading fake news.

Continue Reading On rss.cnn.com »

Faxing the government may not be the most efficient way to get information. And one senator wants to know why the FBI is going back to the eighties.

Continue Reading On rss.cnn.com »

Health Secretary Tom Price doesn’t have a lot of time to settle into his new job before he has to make some major moves on Obamacare.

Continue Reading On rss.cnn.com »

Read full story for latest details.

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Commercial Real Estate Financing News + More: Expedia CEO: Hopefully we'll live to see the end of the year + MORE 02/10/2017

Commercial Real Estate Financing – Click Now!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

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.

A series of transactions involving several high-profile properties in Manhattan and Boston over the last few days underscores the enormous and unmistakable role of foreign investors, particularly large government-sponsored funds, in generating a large part of the demand and liquidity that has extended the depth and duration of the unprecedented growth run for US commercial real estate…

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Some CEOs live for a better bottom line. Expedia’s CEO just hopes we live, period.

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Elon Musk and President Donald Trump may not agree on everything. But the willingness of Musk to continue meeting with and advising Trump, even as many other tech leaders face criticism for doing so, might actually be a smart business decision.

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President Donald Trump is normally quick to complain about what he sees as unfair foreign competition.

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President Trump sounds like he’s picking a fight with Japan over trade. That could make for tricky talks about a hugely important relationship when he meets Prime Minister Shinzo Abe.

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Medical Office Building Financing News + More: Trump faces delicate balancing act between U.S. and foreign airlines + MORE 02/10/2017

Commercial Real Estate Financing – Click Now!

Stated Income Options Available

Call BRT Financial @ 904-551-6090

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.

Some CEOs live for a better bottom line. Expedia’s CEO just hopes we live, period.

Continue Reading On rss.cnn.com »

President Donald Trump is normally quick to complain about what he sees as unfair foreign competition.

Continue Reading On rss.cnn.com »

Elon Musk and President Donald Trump may not agree on everything. But the willingness of Musk to continue meeting with and advising Trump, even as many other tech leaders face criticism for doing so, might actually be a smart business decision.

Continue Reading On rss.cnn.com »

President Trump sounds like he’s picking a fight with Japan over trade. That could make for tricky talks about a hugely important relationship when he meets Prime Minister Shinzo Abe.

Continue Reading On rss.cnn.com »

Medical Office Building Financing News + More: He said what? A look back at Trump's Japan bashing + MORE 02/09/2017

Medical Office Building Financing – Click Here!

Stated Income Options Available

Call BRT Financial @ 904-551-6090

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.

President Trump tweeted a jab at Nordstrom department stores from his personal account Wednesday morning, which was then retweeted by the official @POTUS account.

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Andrew Puzder, President Trump’s nominee to lead the Labor Department, says he will step down as chief executive of CKE Restaurants and might give up his 2016 bonus if the Senate confirms his nomination.

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Aviation industry executives are heading to the White House Thursday morning for their first meeting with President Trump, carrying a wish list of often conflicting priorities.

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A federal judge has blocked Anthem’s attempt to acquire Cigna in what would have created the largest health insurer in the nation.

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Commercial Real Estate Financing News + More: He said what? A look back at Trump's Japan bashing + MORE 02/09/2017

Health-Care Office Building Financing – More Info Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

Tax Returns versus Stated Income!

Most traditional banks will require several years of tax returns in order to qualify for a commercial real estate loan. The alternative is to use a Stated Income lender that does not verify personal income or assets. Many borrowers will simply not qualify for a commercial mortgage loan if tax returns are used due to high business expenses (and low net income). Many lenders using tax returns will also continue to verify income after the loan closes. Stated Income lenders will not engage in this practice.

A federal judge has blocked Anthem’s attempt to acquire Cigna in what would have created the largest health insurer in the nation.

Continue Reading On rss.cnn.com »

Aviation industry executives are heading to the White House Thursday morning for their first meeting with President Trump, carrying a wish list of often conflicting priorities.

Continue Reading On rss.cnn.com »

Former trendy fashion clothing retailer The Wet Seal LLC became the latest mall-based retailer to succumb to changing consumer buying habits. The company this week filed for Chapter 11 bankruptcy and is holding going out of business sales at all of its 171 stores in 42 states. It is the chain’s second trip through bankruptcy court in two years…

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Andrew Puzder, President Trump’s nominee to lead the Labor Department, says he will step down as chief executive of CKE Restaurants and might give up his 2016 bonus if the Senate confirms his nomination.

Continue Reading On rss.cnn.com »

President Trump tweeted a jab at Nordstrom department stores from his personal account Wednesday morning, which was then retweeted by the official @POTUS account.

Continue Reading On rss.cnn.com »

Commercial Real Estate Financing News + More: Tommy Hilfiger Signs 200,000-SF HQ Lease at 285 Madison Ave + MORE 02/08/2017

Doctor Medical Building Financing – More Info Click Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

Recall/Balloon Features

These terms are used by many banks to effectively shorten most commercial real estate loans to 3-7 years. Short-term loans (less than fifteen years)
15-40 year commercial property loans without recall/balloon features are available. Please note that processing/retainer fees are not included in this discussion of commitment fees. Processing/retainer fees should be viewed as an acceptable and standard business practice when dealing with commercial real estate loans.

After decades of decline, the city’s garment industry is getting a new manufacturing hub in Sunset Park, Brooklyn, and other help from city and fashion leaders.

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PVH Corp. has signed a new 200,000-square-foot office lease to relocate its multinational luxury apparel label Tommy Hilfiger to 285 Madison Ave. in New York City.

Tommy Hilfiger, which designs and manufactures high-end apparel for men, women and children as well as a wide-range of licensed products such as footwear, accessories, fragrances and home furnishings, will occupy nine floors in the building…

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Twitter is trying to shake its reputation as a haven for online harassment.

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The supermarket giant has purchased the famous New York cheese store chain and its Greenwich Village flagship store for an undisclosed amount.

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A legal-funding company is being accused of targeting 9/11 first responders and allegedly scamming them out of millions of dollars.

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Disney CEO Bob Iger is “open” to sticking around a bit longer as the leader of the House of Mouse.

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Medical Office Building Financing News + More: Condé Nast has been eyeing The Hollywood Reporter + MORE 02/08/2017

Medical Building Loans For HealthCare Professionals- Click Here!

Stated Income Options Available

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.

Facebook was one of the tech companies that helped kick off an arms race in corporate America for better parental leave.

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The Hollywood Reporter is considering a sale, and Condé Nast is a suitor.

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Disney CEO Bob Iger is “open” to sticking around a bit longer as the leader of the House of Mouse.

Continue Reading On rss.cnn.com »

A legal-funding company is being accused of targeting 9/11 first responders and allegedly scamming them out of millions of dollars.

Continue Reading On rss.cnn.com »

Twitter is trying to shake its reputation as a haven for online harassment.

Continue Reading On rss.cnn.com »