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Commercial Real Estate Financing News + More: Office Lease Up (November 14) Select Comfort Leases 211,000 SF at AMEX Minneapolis + MORE 11/14/2016

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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.

A leading choice to be Donald Trump’s Treasury secretary is a campaign fundraiser and ex-banker who profited from both the housing meltdown and Bernie Madoff’s ponzi scheme.

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Sterling Equities sold the Park Tower office building at 400 N. Tampa St. in Tampa, FL for $79.75 million, or about $169 per square foot, to a joint-venture consisting of affiliates of City Office REIT, Inc. (NYSE: CIO), Feldman Equities Management and Tower Realty Partners.

The seller acquired the asset in 2006 from Colonnade Properties LLC for $50 million ($106 pSF), according to CoStar data…

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After years operating on the far-right fringe of American politics, Steve Bannon will now be one of the most influential members of Donald Trump’s White House.

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Select Comfort, the manufacturers of Sleep Number beds, has signed a new office lease for 211,000 square feet in the AMEX Minneapolis office building at 1001 S. 3rd Ave. in Minneapolis, MN.

The tenant plans to relocate its headquarters from suburban Plymouth, MN in October 2017 to this downtown facility…

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Conservative radio talk show host Laura Ingraham’s next microphone could be behind the White House press briefing room podium.

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American Apparel, one of the largest apparel manufacturers in North America and with 110 retail stores in the U.S., has filed for bankruptcy reorganization for the second time in a year.

Following emergence from its first Chapter 11 filing early this year, the company has continued to face persistent and widespread unfavorable market conditions and its turnaround strategy has failed, according to Mark Weinsten, chief restructuring officer for American…

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Commercial Building Financing

Commercial Real Estate Financing News + More: The jaw-dropping numbers behind China's Singles Day + MORE 11/11/2016

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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.

The New York Observer, the weekly, salmon-pink chronicle of New York City’s political, media and business elite, will end its print edition effective immediately, editor-in-chief Ken Kurson told CNNMoney on Friday.

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Hines Real Estate Investment Trust Inc. completed the sale of seven West Coast office assets to a Blackstone affiliate for $1.162 billion and the sale of another in Bellevue, Washington to an affiliate of AEW Capital Management for $193 million.

This past week, shareholders approved a board-recommended plan to liquidate and dissolve Hines REIT…

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The computer booking system used by major U.S. airlines malfunctioned Friday, and passengers at several airports reported delays in boarding.

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China’s Singles Day has smashed records yet again.

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President-elect Donald Trump promised to bring jobs back to America’s Rust Belt by getting tough on Mexico and China.

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Warren Buffett is worth $70 billion. He is the second-most wealthiest person in the world. But he recognizes that the growing income inequality gap in the United States is a big problem. And it may have helped Donald Trump defeat Hillary Clinton.

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Commercial Real Estate Financing

Commercial Real Estate Financing News + More: Square Feet: At the Former Home to Borders Books, a Tech Hub Now Sprouts + MORE 11/10/2016

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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.

An age of online shopping has, surprisingly, led to an exciting time for shoppers to get back out onto city streets to explore new, innovative shops.

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Read full story for latest details.

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Walmart, Target and Best Buy have rolled out their Black Friday plans.

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Donald Trump could have an ally in Alan Greenspan, the former Federal Reserve Chair, when it comes to financial regulations.

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In Ann Arbor, Mich., where the flagship store and headquarters of the former Borders chain once stood, restaurants cater to students and tech workers.

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Hard to believe, but there was a time not so long ago when apartments were not considered the major property type in the commercial real estate sector they are today.

In 1993, when Bob Faith founded Greystar Real Estate Partners, institutional investors were just beginning to eye the investment potential of the rental housing sector, and they liked what they saw…

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Commercial Building Financing

Commercial Real Estate Financing News + More: GM announces first layoffs in six years, cuts 2,000 jobs + MORE 11/09/2016

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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.

President-elect Donald Trump is no fan of Federal Reserve chair Janet Yellen.

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EPR Properties (NYSE:EPR) agreed to buy a portfolio that includes the Northstar California Ski Resort along with 15 attraction properties (waterparks and amusement parks) and five small family entertainment centers for $456 million from CNL Lifestyle Properties and funds affiliated with Och-Ziff Real Estate…

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U.S. stocks welcomed President-elect Donald Trump by avoiding the crash many had feared.

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Americans are about to learn a lot more about Donald Trump now that he’s been elected the 45th president of the United States. How he’ll handle real power, who he’ll pick for his cabinet, how he’ll respond to critics now that he’s under pressure to deliver on his promises, the list goes on.

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General Motors is cutting 2,000 factory jobs in Michigan and Ohio — its first round of layoffs since 2010.

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Breitbart News Network, the right-wing populist news organization that played an integral role in Donald Trump’s presidential campaign, will expand its operation in the United States and open new bureaus in Europe, its editor-in-chief said Wednesday.

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Medical Practice Building Financing

Commercial Real Estate Financing News + More: Feds Offering Controlling Interest in 500,000-SF International Trade Center + MORE 11/08/2016

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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.

Wall Street, like the rest of America, is nervously waiting for the wild and crazy 2016 election season to finally come to a close.

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Hogan Lovells, a multi-national law firm, has signed a lease for 206,720 square feet at 390 Madison Ave. in New York City.

The 32-story, 4-Star office building totals 862,154 square feet on 1.1 acres in the Grand Central submarket of Midtown Manhattan, between 46th and 47th Streets, and is currently undergoing re-massing and redevelopment…

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Clarion Partners, on behalf of a separate account client managed by the firm, has sold the eight-building Greenwich Office Park in Greenwich, CT for $130 million, or about $344 per square foot, to Fareri Associates.

Located at 1 – 9 Greenwich Office Park, the portfolio totals 377,939 square feet of recently-renovated, class A office space in the Greenwich submarket of Fairfield County, in close proximity to the Greenwich train station, I-95, and…

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It’s unlikely any of us will ever paint like Picasso, but it’s getting easier to at least mimic his style.

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Donald Trump ended his campaign the same way he began: By lambasting the journalists who cover him.

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The U.S. General Services Administration (GSA) National Capital Region (NCR) has issued a Request for Proposals (RFP) for a private sector company to take a controlling leasehold interest and run the International Trade Center (ITC) portion of the Ronald Reagan Building.

The RFP covers the 500,000-square-foot ITC space within the larger 4 million-square-foot Reagan Building at 1300 Pennsylvania Ave…

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Commercial Building Financing

Commercial Real Estate Financing News + More: Bots, tweets and doodles: Tech companies get you ready to vote + MORE 11/07/2016

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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.

Keeping Long Island City’s diversity of real estate—and somehow keeping it affordable—is a top concern for those who have helped to grow the neighborhood.

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You know it’s a wild election season when a mere letter from the FBI is enough to spark a global stock market rally.

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On Tuesday, millions of Americans will cast their votes to elect the 45th president of the United States.

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Iran is on the brink of clinching billions of dollars of Western investment in its oil and gas industry, the first since sanctions were lifted earlier this year.

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Read full story for latest details.

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Broadstone Net Lease, a private real REIT managed by Broadstone Real Estate LLC, continues to grow its national portfolio of triple-net leased properties. BNL acquired via sale leaseback, a 24-property Bloomin’ Brands Inc. (NASDAQ:BLMN) portfolio, which includes 22 Outback Steakhouses and two Carrabba’s Italian Grill properties in 13 states…

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Commercial Real Estate Financing

Commercial Real Estate Financing News + More: 'The Simpsons' renewed for an unprecedented 30th season + MORE 11/04/2016

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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.

When MK Goh was a child, condoms were a regular topic of discussion at the dinner table.

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Ay caramba! Thirty seasons of “The Simpsons.”

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A lot of people are moving out of California because they can’t afford to live there anymore.

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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, Denver, Dallas / Ft. Worth, San Francisco, Philadelphia, Boston, Milwaukee / Madison, San Diego, Columbus, Atlanta, Charlotte, Indianapolis, Toronto, South Carolina, and Baltimore…

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America has gained 10.9 million new jobs since President Obama took office.

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A rent increase has prompted the store to shutter in January, leaving the underserved borough without a general-interest bookstore.

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Medical Practice Building Financing