Commercial Real Estate Financing News + More: Recent Commercial Real Estate Transactions + MORE 04/28/2017

Medical Office Building Financing – Click Here!

Stated Income Loan Programs

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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 government is heavily promoting the M+ museum, set to open two years behind schedule in 2019, but questions of curatorial independence remain.

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In the post-Roger Ailes, post-Bill O’Reilly era, Fox News co-president Bill Shine is the network’s most valuable player. He has been with the Fox since its inception, was Ailes’ right-hand man for two decades, and has deeper relationships with its top talent than anyone.

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Britain’s economy grew by just 0.3% in the first quarter as higher prices discouraged consumers from spending.

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Recent commercial real estate transactions in New York City.

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1. The Trump economy: The Trump administration’s first economic report card publishes at 8:30 a.m. ET on Friday.

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The U.S. office vacancy ticked up 0.1% in the first three months of 2017 to 10.3% marking the first quarterly increase since 2010.

Total net absorption in the US office market slipped approximately 9% from the same period a year ago as developers added an additional 19 million square feet of new office space across the country…

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Commercial Real Estate Financing News + More: Starwood Launches New Hotel Brand as Supply Ramps Up in Extended Stay Segment + MORE 04/26/2017

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.

Barry Sternlicht’s Starwood Capital Group this week launched Uptown Suites, an upscale take on Starwood’s InTown Suites extended-stay brand. The firm will open its first property in Concord, NC, with plans to open 10 more properties by 2019.

Starwood expects to build new hotels for most of planned properties, targeting “walkable” locations with nearby dining, retail and entertainment areas in major cities or central locations in smaller markets…

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Citigroup is making a comeback in Saudi Arabia, this time with a woman in charge.

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After voters defeated a measure that would have curtailed construction, the city’s future looks much denser.

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Pro tip for countries looking to keep their tourism numbers up: Don’t annoy China.

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Credit Suisse plans to raise $4 billion to help rebuild its finances after two years of layoffs and losses.

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The owners of Gurney’s Montauk, a luxury resort on the tip of Long Island, N.Y., are hoping to replicate their success in the seaside city of Newport.

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Commercial Real Estate Financing News + More: Square Feet: ‘A Different Los Angeles’: The City Moves to Alter Its Sprawling Image + MORE 04/24/2017

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.

1. French election rally: The euro surged 1.2% against the dollar on Monday after pro-European reformer Emmanuel Macron emerged as the front runner to become the next French president.

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It’s the ultimate Jimmy Choo sale.

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Global retail landlord Gazit-Globe is planning to open a private U.S. subsidiary to invest in real estate in New York and other major metropolitan areas, the company said.

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Even top tech executives think they could be replaced by robots one day.

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The fight over Obamacare’s future is now threatening to shut down the federal government.

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After voters defeated a measure that would have curtailed construction, the city’s future looks much denser.

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Commercial Real Estate Financing News + More: Recent Commercial Real Estate Transactions + MORE 04/12/2017

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.

Uber’s communications chief is leaving the ride-hailing firm as it reels from a wave of public relations crises.

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Triple-net health care property owner Care Capital Properties, Inc. (NYSE: CCP) has agreed to acquire six behavioral health hospitals in California, Arizona and Illinois from affiliates of Signature Healthcare Services, LLC in a $400 million sale-leaseback transaction.

The six properties, which have all been either recently expanded or under development to expand capacity, include a total of 712 beds, primarily providing acute inpatient and outpatient…

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It’s been an ugly few days for United Airlines.

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Recent commercial real estate transactions in New York City.

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Imagine the next time you’re flying. You arrive at the gate. There’s a big mob. It’s going to be a crowded flight.

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Amid a sexual harassment scandal and advertiser boycott, Fox News host Bill O’Reilly announced Tuesday that he will take a nearly two-week vacation.

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Commercial Real Estate Financing News + More: Square Feet: Downtown Brooklyn’s Dearth of Office Space Beckons Tishman Speyer + MORE 04/05/2017

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 developer, which owns Rockefeller Center and the Chrysler Building, is building a 620,000-square foot office tower.

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Recent commercial real estate transactions in New York City.

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Kendall Jenner’s new ad for Pepsi has fallen flat.

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Count KKR & Co. (NYSE: KKR) among the major investors who see an opportunity in offering CRE debt capital to take out a high volume of over-leveraged CRE properties with approaching loan maturity dates.

The private equity giant is planning to enter the public commercial real estate finance arena by launching KKR Real Estate Finance Trust Inc…

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Major League Baseball uniforms will continue to be made in the U.S., and more than 500 factory workers will keep their jobs, even though MLB is switching suppliers for the first time in 30 years.

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The Writers Guild of America will give peace another chance next week as Hollywood waits to find out if an industry-rattling strike is imminent.

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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: Deep-red Kansas lawmakers agree to expand Medicaid + MORE 03/29/2017

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.

The federal investigation stemming from sexual harassment allegations made against former Fox News chief Roger Ailes took a dramatic turn on Tuesday with a report that prosecutors have offered a former network executive immunity.

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Recent commercial real estate transactions in New York City.

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Donald Trump took aim Tuesday at one of President Obama’s signature efforts on climate change: rules designed to make power plants cleaner.

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The leader of a group that represents the world’s major airlines just blasted the new laptop restrictions put in place by the United States and the United Kingdom.

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Republicans in Congress may be trying to kill Obamacare, but that hasn’t deterred Republicans in Kansas from pursuing one of the health reform law’s chief provisions: expanding Medicaid.

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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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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: 'Lego Batman' producer today. Treasury secretary tomorrow? + MORE 02/13/2017

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.

All that happy talk in Washington about getting tax reform done fast is already proving unrealistic.

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The company is putting its stamp on the city with an expanding array of unconventional experiments in bricks-and-mortar sales.

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To tackle Thailand’s mounting trash problem, one company is turning to the country’s plant life.

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Eric Trump says he can manage his father’s business without running afoul of ethical conflicts, according to a report in the New York Times.

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Verizon is bringing back an unlimited data plan.

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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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