Commercial Real Estate Financing News + More: Value of Trump's Golf Clubs Lags Behind Investment Surge + MORE 04/06/2017

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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.

It’s official: Your browsing history can be sold to advertisers. President Trump on Monday signed a measure reversing rules that would have required internet providers to get consent before selling your browsing history.

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More than 8,000 current and recent Uber and Lyft drivers in Massachusetts have been banned from driving in the state under new, stricter background check regulations.

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A top House Republican beseeched President Trump to fire Richard Cordray, the head of the Consumer Financial Protection Bureau, pronto.

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President Donald Trump’s golf courses are in the spotlight, but the value of the properties hasn’t kept pace with the amount of money he has invested to make upgrades.

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Zapped by Zappos and other online shoe outlets, Payless ShoeSource has become the latest casualty from the ongoing shakeout among retailers. The discount footwear company filed for Chapter 11 bankruptcy protection on Tuesday and said it will immediately close 400 stores in the U.S. and Puerto Rico, with additional store closings likely down the road…

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Commercial Real Estate Financing News + More: 5 things to know about the gender pay gap + MORE 04/04/2017

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.

There are women at Fox News who want to speak up. But they’re afraid. They’ve seen other women stand up for themselves — against former Fox News chief Roger Ailes, against host Bill O’Reilly — and lose their jobs as a result. Meanwhile, they’ve seen those men defended and handsomely compensated by the company.

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Fox News host Bill O’Reilly opened his top-rated program Monday night by teasing an “explosive new report.” But not the one about him.

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In Apalachicola, Fla., residents are divided over how to solve a lack of affordable housing. Some advocate converting early examples of African-American architecture.

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The Federal Reserve’s regulatory czar departs Wednesday, potentially clearing a path for President Trump to loosen the rules governing Wall Street.

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Colliers International Group Inc. (Nasdaq:CIGI) has acquired its affiliate WelshCo LLC in the latest in a series of acquisitions in the Midwest and other U.S. regions.

Founded in 1977, Welsh has grown into a market leader in the greater Minneapolis-St. Paul area and became a Colliers International affiliate in 2010…

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Commercial Real Estate Financing News + More: Here's what else Oakland is losing, along with the Raiders + MORE 04/01/2017

Health-Care Office Building Financing – More Info Here!

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.

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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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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BBG, one of the largest independent valuation, assessment and advisory firms in the U.S., has acquired Integra Realty Resources (IRR) affiliate offices in San Francisco and Sacramento, bolstering the Dallas-based firm’s presence in the West with its second California acquisition within a week.

The acquisition, which follows BBG’s March 24 acquisition of Los Angeles-based appraisal firm Abergel & Associates, includes a combined 32 employees in…

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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: New York City, Los Angeles, Washington DC, Philadelphia, East Bay, Phoenix / Tucson, Toronto, Atlanta, Denver, Jacksonville, South Florida, Boston, Baltimore and Dallas / Ft…

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Commercial Real Estate Financing News + More: U.S. debt to double over the next 30 years + MORE 03/31/2017

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.

How Russia hacks you

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Read full story for latest details.

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Once an overlooked niche, the student housing sector is attracting increased attention from major investors, who see the sector as offering less rental growth volatility and a recession-resistant hedge to conventional apartments.

Meanwhile, strong levels of US college enrollment and the diminished capacity for cash-strapped public universities to fund new dormitory development due to state budget cuts are creating more opportunities in the student…

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High-profile politics in South Africa has slammed the country’s currency.

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U.S. debt is likely to double as a share of the economy over the next 30 years, according to the Congressional Budget Office.

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Commercial Real Estate Financing News + More: Democrats seek probe over weakening SEC's subpoena powers + MORE 03/30/2017

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.

There’s seemingly more opportunities than ever for writers in Hollywood, between movies, TV and new digital services. But if the Writers Guild of America is not able to agree to a new contract before May, it all could come to a screeching halt, nearly a decade since the union’s last strike that lasted 100 days and carried a billion-dollar price tag.

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Things have looked brighter for Lululemon and its brand of luxury athletic wear.

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While owners of shopping malls have been grappling with department store closings for several years, the pace of closings has recently accelerated, marking a turning point in the speed of the fundamental changes reshaping the traditional mall sector.

Chains such as Sears, Macy’s and JCPenney are no longer closing a handful of underperforming stores at a time…

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It’s busy season for immigration lawyers. On April 3, people can start submitting H-1B visa petitions for the new fiscal year.

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Buffalo Wild Wings Inc. (NASDAQ: BWLD) has retained restaurant and franchise investment banking firm The Cypress Group to manage the restaurant chain’s portfolio optimization initiative.

Cypress will be marketing roughly 10% of the 620 Buffalo Wild Wings company-owned restaurants as the first phase of what the Minneapolis-based company called an ongoing portfolio optimization process…

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President Trump’s temporary SEC chief has already taken steps to curb the agency’s ability to go after financial crime.

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Commercial Real Estate Financing News + More: Conservative media at a crossroads early in Trump era + MORE 03/28/2017

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Stated Income Loan Programs

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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.

The Durst Organization today announced its first acquisition outside of New York state, purchasing properties spanning several piers along the Philadelphia waterfront from Brandywine Realty Trust (NYSE: BDN).

Durst purchased the Delaware River waterfront properties spanning Piers 12, 13-15, 19 and 24 north of Benjamin Franklin Bridge known as the Philadelphia Piers at Penn’s Landing for a reported $21…

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In hopes of moving quickly past their failed attempt at repealing Obamacare last week, Republicans and the White House have been talking about the next big thing they’ll address: tax reform.

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S’well Bottle, a maker of reusable beverage bottles, has quadrupled its office space, landing a two-year sublet in the Flatiron District of Manhattan, the company announced.

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A house where Donald Trump once lived in as a child has been generating quite a bit of interest — and value — lately.

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Graebel Van Lines LLC, which bills itself as the nation’s largest privately owned residential moving company, notified customers and creditors that it is ceasing operations effective immediately and will begin a wind down of its business.

The assets of Dallas-based Graebel Van Lines and its operating affiliates remain subject to the liens of a secured creditor, the company said without identifying the firm…

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Commercial Real Estate Financing News + More: Trump's budget would hit tens of thousands of federal workers, experts say + MORE 03/16/2017

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.

Newmark Grubb Knight Frank (NGKF) is rolling out a national valuation and appraisal service to support ambitious plans for its investment-sales platform. After recruiting Cushman & Wakefield’s former global appraisal and valuation chief, John D. Busi, last summer to lead the effort, NGKF has hired four other senior valuation execs to round out a leadership team tasked with growing NGKF’s North American valuation and advisory business line…

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President Donald Trump is taking aim well-paying jobs with attractive benefits at the nation’s largest employer — the federal government.

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USA Hockey will field a women’s team in the upcoming world championship games — with or without the current members of the women’s national team.

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More agents along the border, but a hobbled PBS. A bigger military, but less chance of getting a decent lawyer if you’re poor.

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A joint venture of Chicago-based student housing developer The Scion Group, Canada Pension Plan Investment Board (CPPIB) and Singapore wealth fund GIC have purchased three U.S. student housing portfolios for about $1.6 billion.

Scion Student Communities LP’s acquisitions include a total of 29 properties in three portfolios, including the closing this week of the $640 million purchase of 11 properties in university markets across the U…

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Commercial Real Estate Financing News + More: Newly confident Janet Yellen is a believer in the U.S. economy + MORE 03/15/2017

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.

Janet Yellen has a message for Americans: It’s finally safe to “feel good” about the U.S. economy.

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With the quarter-point interest rate hike a done deal as of today, the Federal Reserve is signaling that the US economy is another step closer to full health after its slow recovery from the depths of the Great Recession.

In addition, today’s rate increase is not expected to be the last we see this year…

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Despite promises from people in high places, tax reform will not happen by August. In fact, it very well may not happen this year.

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The outlook for industrial real estate couldn’t be better, despite uncertainty regarding potential changes in federal trade policies and the large amount of new warehouse/distribution space currently under construction.

Recent outlooks cite several sources for continued demand in the warehouse/distribution sector, including healthy-enough consumer spending, growing demand for ecommerce space, and dare we mention it, demand from the growing medical…

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Commercial Real Estate Financing News + More: Goodbye Ruby Tuesday? Chain Opts to Explore Strategic Alternatives + MORE 03/14/2017

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.

The revitalized mill district in Manchester is becoming known as fertile ground for technology firms, and is now home to at least 30 tech company offices.

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Bearish bets on retail-focused real estate investment trusts have risen, reflecting short sellers’ belief that mall landlords will struggle.

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Restaurant chain Ruby Tuesday (NYSE:RT), which has been in the process of selling off its corporate-owned real estate, is now considering selling the company.

The Maryville, TN-based casual dining chain announced it will entertain merger or purchase options and has retained UBS as its financial advisor to assist in looking at its strategic alternatives…

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Mall landlords are now eagerly courting a type of retailer they once ignored: grocery stores, such as 365 by Whole Foods Market, Wegmans and Kroger.

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Recent commercial real estate transactions in New York City.

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Commercial Real Estate Financing News + More: Office Lease Up (March 13) Blue Shield Signs 200,000-SF Lease in Planned Move from San Francisco to Oakland + MORE 03/13/2017

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.

Mario Burgos certainly isn’t anti-immigrant. His father was born in Ecuador. His maternal grandparents immigrated from Europe.

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In one of the largest office leases in Oakland on record, Blue Shield of California will move its corporate headquarters into 200,000 square feet at 601 City Center, a project finally under development by Shorenstein Properties and MetLife Inc. after being stalled for several years.

The health plan said the move aims to reduce administrative costs and provide upgraded office surrounding for about 1,200 employees…

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The White House press briefing is usually a forum for reporters and the public to learn new information about the president and his administration.

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The U.S. election may have awakened “animal spirits” on Wall Street, but the bears definitely didn’t get the wake-up call. They’ve been hibernating for an unusually-long period.

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Add Gordmans Stores Inc. (NASDAQ: GMAN) to the growing list of department store chains throwing in the towel. The Omaha, NE-based chain filed for bankruptcy and plans to enter into an agreement with Tiger Capital Group and Great American Group to handle the liquidation sales of its store inventory and other assets…

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Facebook now explicitly prohibits companies and organizations from using its services for surveillance.

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