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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: UPDATED: KBS Looking To Cash Out Some Post-Recession Purchases + MORE 09/15/2017

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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.

ESPN in the crosshairs

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At ESPN it is officially time to cue up Martha and the Vandellas: “Nowhere to run to, baby; nowhere to hide.”

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KBS Legacy Partners Apartment REIT has decided it’s time to cash out and sell the remaining multifamily properties it purchased through early 2014. The California-based non-traded REIT has already cut separate agreements to sell four of them and is seeking approval of the sale from stockholders.

Funds affiliated with Houston-based Elite Street Capital agreed to pay $218…

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For years, CRE brokers have predicted that electric vehicle (EV) charging stations will become standard amenities at office buildings, shopping centers, hotels, service stations and even restaurants. Volkswagen subsidiary Electrify America just handed JLL an assignment to identify EV charging station sites in 17 metros, nearly half of them in California, in an investment that will significantly add to the more than 16,000 charging stations already…

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Americans are outraged about the Equifax data breach that exposed the personal and financial data of 143 million people.

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Pearl River Mart, once a casualty of skyrocketing retail rents, is planning to open another 3,500 square-foot store at Chelsea Market in Manhattan.

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Wall Street continues to close its eyes, hold its nose and ignore the many risks facing the stock market and economy.

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Forest City Considering Potential M&A Options, Other Alternatives for Boosting Asset Value + MORE 09/12/2017

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Stated Income Loan Programs

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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.

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The board of directors at Cleveland-based Forest City Realty Trust Inc. (NYSE: FCEA) isn’t waiting around to get a letter from an activist investor asking what they’re doing to boost shareholder value.

This morning, the REIT announced that its board commenced a process to conduct areview of strategic options together with management and in consultation with financial and legal advisors to include such options as an accelerated and enhanced operating…

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Airports across Florida slowly came back to life Tuesday, two days after Hurricane Irma struck.

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PTC (NYSE: PTC) is headed to Boston’s Seaport District after the leading global tech firm finalized a deal with Skanska to occupy 250,000 square feet at 121 Seaport Blvd. for its corporate headquarters.

The computer software and services company will shift more than 1,000 employees from its Needham, MA offices to the top half of 121 Seaport, a 421,320-square-foot, 17-story, elliptical-shaped tower that broke ground in mid-2015 and has been lauded…

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Commercial Real Estate Financing

Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Irma hits markets; Orange juice prices; NAFTA talks + MORE 09/06/2017

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Stated Income Loan Programs

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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.

One of China’s richest men is taking legal action against “rumormongers,” accusing them of spreading fake news about him and his company.

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Aon Group, a London-based professional services firm providing risk, retirement and health solutions, has agreed to buy real estate investment advisor The Townsend Group from its majority owner, Colony NorthStar Inc.

Aon agreed to pay for $475 million for Cleveland-based Townsend subject to certain purchase price adjustments…

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Britain must take radical action to fix “significant and destabilizing” inequality caused by a “broken economic model.”

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Related Companies, Oxford Properties Group and Mitsui Fudosan America, Inc. today announced the closing of a $1.5 billion senior construction loan for 50 Hudson Yards, which represents the final piece in the $3.8 billion financing of the massive development’s flagship tower.

Wells Fargo, Deutsche Bank, HSBC, Bank of China and Sumitomo Mitsui Banking Corp…

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1. Irma spooks markets: Hurricane Irma is moving through the Caribbean, pushing up commodity prices and applying pressure to travel stocks.

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Commercial Real Estate Financing

Commercial Real Estate Financing News – 904-551-6090 + More: Newmark Knight Frank Acquiring IRR Affiliate Offices in NYC/NJ, Five Other Eastern US Markets + MORE 09/05/2017

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Stated Income Loan Programs

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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.

Business leaders are reiterating their support for Deferred Action for Childhood Arrivals and asking Congress to step in after the Trump Administration formally said it is ending the Obama-era program.

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President Trump’s top trade official says the U.S., Canada and Mexico are making progress in NAFTA negotiations.

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President Donald Trump claims to be a business-friendly president. But how can that be true when the five largest tech companies in America all vehemently oppose his stance on immigration?

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Summer is unofficially over now that investors have returned from the long Labor Day weekend. But is the year-long market rally about to end as well?

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Newmark Knight Frank (NKF) is finalizing the acquisition of six Integra Realty Resources (IRR) affiliate offices in New York/New Jersey, Philadelphia, Wilmington, DE; Baltimore, Washington D.C. and Atlanta, a move that’s been in the works for several months as a centerpiece of Newmark’s initiative to build a national valuation and advisory practice…

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Commercial Real Estate Financing News + More: Raymond, Fant Join SRS Real Estate Partners + MORE 09/02/2017

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Stated Income Loan Programs

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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.

SRS Real Estate Partners boosted its Net Lease Group with the addition of Britt Raymond and Kyle Fant in the firm’s New York City office.

Raymond was named first vice president for NYC. She has established herself as a leader in the market through her expertise and closing over $230 million in commercial real estate transactions…

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Roku is going public.

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WeWork Cos. has confirmed that Japanese telecommunications conglomerate Softbank Group Corp. will invest $3 billion directly into the office-sharing startup and $1.4 billion into three newly created subsidiaries to expand the company into China, Japan, Korea and Southeast Asia.

The total $4.4 billion investment is nearly one-third larger than last March, when the Wall Street Journal reported that WeWork had $300 million with plans to raise a total…

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An initial assessment of the potential impact of the epic storm on the Houston commercial real estate market by CoStar Group reveals that 27% of the market’s gross leasable area, representing $55 billion in property value, is located in flood zones and may have potentially suffered damage.

$16 billion of the $55 billion in property at risk is comprised of apartment buildings within the 100-year flood zone…

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The U.S. government has several levers it can pull to ease the pain at the pump caused by Hurricane Harvey.

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The rising number of people age 65 and over, pressure for health-care providers to cut costs and the rise of new technology will continue to drive demand and opportunities for medical office developers and investors, according to a new report by CBRE Group, Inc.

According to “U.S. Medical Office Buildings: A Cure for Market Volatility,” CBRE’s first report outlining the U…

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Health-Care Office Building Financing

Commercial Real Estate Financing News + More: After Heathcare Setback, Can Congress, Trump Administration Break Gridlock on Infrastructure, Tax Reform? + MORE 08/24/2017

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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.

Read full story for latest details.

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President Trump began an investigation earlier this year into whether steel imports were threatening national security. Four months later, the steel industry wants action.

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Gas prices are going to jump in some parts of the country as Hurricane Harvey nears the Texas coast.

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For the second consecutive quarter, the Real Estate Roundtable’s Economic Sentiment Index reflected waning market optimism, largely due to the political uncertainties and lack of progress on pro-growth initiatives in Washington.

At the same time, however, respondents to the third-quarter survey conducted earlier this month continued to express confidence that property-level metrics and performance are holding steady even as hope dims over prospects…

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The U.S. commercial real estate market could soon find out what happens when the government of the world’s largest country tightens the spigot on overseas investments from its citizens. Last week, the State Council of the People’s Republic of China officially announced measures to curb outbound investment – a move Chinese officials had been hinting at all year…

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The U.S. commercial real estate market could soon find out what happens when the government of the world’s largest country tightens the spigot on overseas investments from its citizens. Last week, the State Council of the People’s Republic of China officially announced measures to curb outbound investment – a move Chinese officials had been hinting at all year…

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Commercial Real Estate Financing

Commercial Real Estate Financing News + More: Charities are hitting Trump where it hurts — the wallet + MORE 08/21/2017

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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.

Just over three months after acquiring the leasehold of the Westin Maui Resort & Spa from Marriott International Inc. for $317 million, Trinity Investments LLC and Oaktree Capital Management, LP have announced a joint venture to invest up to $3 billion in Trinity’s core markets of Hawaii, California, Mexico and Japan…

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We finally have a name for Google’s latest mobile operating system: Android Oreo.

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As President Trump prepares to address the nation Monday evening to announce his strategy in Afghanistan, it’s worth noting how much the longest U.S. war in the country’s history has already cost Americans financially.

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Foxconn’s plan to create thousands of jobs in Wisconsin is moving right along.

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Travel Leaders Group has signed a lease to occupy 105,892 square feet at 1633 Broadway in New York City.

The largest travel agency in the U.S., Travel Leaders Group will occupy the entire 35th and 36th floors on a 10-year deal slated to commence in Q1 2018.

The CBRE team of Patrice Meagher, Paul Amrich, Howard Fiddle, Emily Jones and Robert Hill brokered the lease on behalf of the landlord, Paramount Group…

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At least 11 organizations have canceled fundraisers at Mar-a-Lago, President Trump’s Florida resort.

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Stated Income Commercial Financing

Commercial Real Estate Financing News + More: Feeling lucky? There's a $535M Powerball drawing tonight + MORE 08/19/2017

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Stated Income Loan Programs

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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.

Volkswagen will revisit its Microbus history, but with a twist.

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James Bond’s favorite car company just made a splash on the auction scene.

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Here’s a bit of good news: There’s a half-billion dollar lottery prize up for grabs.

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It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Chicago, San Francisco, Boston, Northern New Jersey, Washington DC, Los Angeles, New York City, Atlanta, Minneapolis, Seattle, Salt Lake City, Las Vegas, Toronto, Austin, Dallas / Ft…

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Suburban office markets with emerging ‘urban-style’ live-work environments and good transportation access are gaining increasing cachet among investors and cost-conscious office users, according to a new survey of the nation’s 25 largest suburban markets by CBRE Group, Inc.

As office prices and rental rates rise in the nation’s CBDs, certain “urban-suburban” districts may offer investors opportunities at lower prices, according to CBRE, noting…

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Tuesday’s Commerce Department report of a major boost in U.S. retail sales in July, combined with a stronger-than-expected jobs report earlier this month, suggests that the U.S. economy continued its slow but steady expansion in the third quarter.

Usually, record highs in the stock market, strong economic indicators and stable fundamentals across U…

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Medical Practice Building Financing

Commercial Real Estate Financing News + More: 'Bachelor in Paradise' cast members at center of allegations speak out + MORE 06/15/2017

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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.

The Fox News Channel quietly dropped its “Fair and Balanced” slogan last year in an effort to move beyond the era of its former chairman and CEO, Roger Ailes.

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“Bachelor in Paradise” has been ensnared since last weekend in allegations of misconduct, and now the two contestants at the center of the matter have spoken out for the first time.

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Intel CEO Brian Krzanich has a warning for companies and industries that haven’t started to prepare for the next big tech disruptor — don’t wait.

“Companies should start thinking about their autonomous driving strategy now,” said Krzanich, who ranks the fast-developing technology on par with the rise of personal computing, the internet and smartphones for its potential impact on traditional business models…

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The desire to work for international companies is waning amongst China’s best and brightest.

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For fliers, it’s been an angry spring.

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Urgent care clinics have become one of the fastest-growing segments of the medical-care industry, and more are showing up in neighborhood retail centers, providing a boost to flagging occupancy levels. While they may not be a cure to what ails the shopping center industry, they are offering some relief…

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Commercial Real Estate Financing

Commercial Real Estate Financing News + More: Retail bloodbath: Bankruptcy filings pile up + MORE 06/13/2017

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Medical Building Loans For HealthCare Professionals- Click Here!

Stated Income Loan Programs

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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.

The production of “Julius Caesar” now being put on in New York City, which depicts the assassination of a ruler who resembles President Trump, isn’t the first time Shakespeare’s masterpiece has seen a modern politician subbed in for Caesar. It’s not even the first time the director, Oskar Eustis, has done that.

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Bankruptcies continue to pile up in the retail industry.

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New teachers and state workers will no longer get a traditional pension in Pennsylvania.

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CBRE Group, Inc. has entered into a definitive agreement to purchase a majority interest in Toronto-based Caledon Capital Management Inc., an investment management business specializing in private infrastructure and private equity investments.

Caledon and its team of 30 people will be renamed CBRE Caledon Capital Management Inc…

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The Public Theater said Monday afternoon that it stands “completely behind” its production of “Julius Caesar” following controversy over its staging of the play in New York City’s Central Park, which includes a bloody assassination of a ruler who resembles President Trump.

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When Megyn Kelly released the 90-second promo for her interview with controversial media figure Alex Jones, the pushback was immediate.

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