Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: After the crash came the longest bull market ever. What now? + MORE 09/14/2018

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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.

Not long after Lehman Brothers imploded a decade ago, stocks began an epic bull run. The question now is whether that run is nearing an end.

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The future of Sky has been up in the air for nearly two years. It could soon be decided in a quick-fire auction.

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Image credit: Freddie Mac<p class="description"

Morgan Properties, owner of 150 apartment communities with more than 45,000 units across the U.S. Mid-Atlantic and Northeast, took another step into the bond credit markets, extending the trend of some of the nation's largest apartment owners jumping into debt purchases…

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Jeff Bezos, CEO and founder of Amazon, was the guest speaker at The Economic Club of Washington, D.C. on Thursday.
Jeffrey P. Bezos, Amazon founder and chief executive, did not tell people what they wanted to hear Thursday night.

The e-commerce billionaire didn’t have an announcement about where Seattle-based Amazon plans to locate its so-called “HQ2,” a second headquarters, during an interview before an audience of roughly 1,550 people at a dinner…

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Dole Food Co., struggling under the weight of legal and corporate debt, has sold its campus in Ventura County, California.
Conrad N. Hilton Foundation bought the headquarters building of Dole Food Co. for $50 million in a deal that marks the latest divestiture as the fruit and vegetable producer tries to reduce debt, which reached $1…

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ESPN host Jemele Hill announced on Twitter that Friday is her last day at the network she has worked at for 12 years.

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: High-profile VC Mary Meeker departs firm to start her own + MORE 09/14/2018

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.

Dole Food Co., struggling under the weight of legal and corporate debt, has sold its campus in Ventura County, California.
Conrad N. Hilton Foundation bought the headquarters building of Dole Food Co. for $50 million in a deal that marks the latest divestiture as the fruit and vegetable producer tries to reduce debt, which reached $1…

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Image credit: Freddie Mac<p class="description"

Morgan Properties, owner of 150 apartment communities with more than 45,000 units across the U.S. Mid-Atlantic and Northeast, took another step into the bond credit markets, extending the trend of some of the nation's largest apartment owners jumping into debt purchases…

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The future of Sky has been up in the air for nearly two years. It could soon be decided in a quick-fire auction.

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Not long after Lehman Brothers imploded a decade ago, stocks began an epic bull run. The question now is whether that run is nearing an end.

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Legendary investment bank Lehman Brothers was on fire ? and no one was coming to put it out.

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High-profile investor and analyst Mary Meeker is starting her own investment fund.

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: How Jack Ma went from English teacher to tech billionaire + MORE 09/09/2018

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.

From left, Stephen Johnson, moderator Pat Koval and Ed Sonshine discuss the Canadian real estate market during a panel discussion Thursday at the RealREIT conference in Toronto.

Can’t imagine real estate going down in value? The chief executives of Canada’s two largest real estate investment trusts can tell you they’ve lived through it…

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Jack Ma, the rags-to-riches entrepreneur behind Chinese e-commerce giant, Alibaba, plans to hand over the reins at the company he co-founded nearly two-decades ago.

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Shared work spaces, a rezoning of the eastern part of midtown Manhattan that may add 6.8 million square feet of commercial space, and development of the Hudson Yards district are shaping a surging office market this year in New York City.

According to CoStar data, no fewer than 26 office leases have been signed in excess of 100,000 square feet each…

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Daniel Drimmer, left, CEO of Starlight Investments, and Olivia John, managing director at Blackstone Group, at the Canadian Apartment Investment Conference.

Blackstone Group’s $3.8 billion deal for Canada’s largest industrial real estate investment trust was probably enough to shake the Canadian property market on its own…

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President Donald Trump offered some business advice to Ford Motor on Sunday: because of the administration’s high tariffs on car imports from China, Ford can start making its Focus Active in the United States.

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Longtime CBS chief executive Les Moonves, facing new claims of sexual misconduct, is about to step down as part of a wide-ranging corporate settlement of a separate fight for control of CBS.

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Value of Trump's Golf Clubs Lags Behind Investment Surge + MORE 08/17/2018

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.

Target Corp. has signed a lease to open a 22,500 square-foot store at the 1.9 million-square-foot development stretching across several Manhattan blocks called Essex Crossing.

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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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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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Tesla’s stock tumbled after CEO Elon Musk said he’s working himself to the bone and relies on Ambien to sleep.

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Amazon has already tried to reinvent brick-and-mortar grocery stores and book sellers. Is the movie theater next?

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Apple Inc.’s new headquarters in Silicon Valley is the most lavish in a spate of glitzy new architectural projects by tech titans at a time when their businesses are booming and market valuations are soaring.

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Nearly Out of Vacant Land, Broward County Embraces Redevelopment + MORE 06/11/2018

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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The net neutrality rules are no longer the law of the land.

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Read full story for latest details.

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An aerial shot of the 140-acre site around the BB&T Center in Sunrise, FL. Broward County is looking for a designer and developer for the land. Credit: Broward County.
Wedged between the Florida Everglades and the Atlantic Ocean, Broward County is one of the most land-constrained areas in the Sunshine S

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Pictured: Caydon’s 27-story The Midtown project slated to deliver in Houston next year.Australian commercial real estate developer Caydon Property Group has signed a deal with Amazon to include the e-commerce giant’s Alexa virtual assistant in all of its multifamily units.

Caydon will provide the top-of-the-range Amazon Echo Plus in each of the 1,205 apartments in the Hall St and Margaret St buildings in the Mason Sq…

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President Donald Trump followed up a fractious weekend summit with major US allies by repeatedly accusing them of unfair treatment over trade.

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Sportswear-Maker Puma to Open New York Flagship + MORE 06/08/2018

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.

Germany’s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.

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Bechtel’s primary office in Reston, VA.

Global engineering and construction firm Bechtel announced plans to relocate its global headquarters from San Francisco to an expanded presence in Reston, Virginia, where the operational headquarters for its nuclear, security and environmental division is based…

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It’s been about a week since Texas icon and entertainer Billy Bob Barnett closed Big Beat Dallas, a handful of bars and restaurants located within the brand new Toyota Music Factory entertainment district in Irving, TX, but the allegations behind the closure have just begun.

In a lawsuit filed Wednesday, a newly formed group of taxpaying residents in Irving, named Irving Taxpayers Matter, has filed a petition to a Dallas County court in hopes of…

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When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

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Long known as a dormant corner in downtown Los Angeles, Sunset Boulevard may soon transform with a large mixed-use development by Palisades Capital Partners LLC at 1111 Sunset Blvd.

The 1111 Sunset Boulevard development has been in the planning stages for two years. When completed, it would offer 778 apartments and condominiums in two residential towers, a 98-room hotel and street-level retail, including 75,000 square feet of grocery-anchored…

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: NFL didn't ask players to commit to standing for Anthem, commissioner says + MORE 10/18/2017

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.

Dropbox has signed a lease for 100% of the office space in Kilroy Realty Corp.’s The Exchange on 16th project in a deal that represents the largest single office lease ever signed in San Francisco.

The file hosting service and leading global collaboration platform agreed to a 15-year lease for 736,000 square feet within the 751,242-square-foot, four-building project currently under development along the 16th St…

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It looks like the NFL won’t require players to stand for the National Anthem, and President Trump isn’t happy about it.

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Bank branch consolidations have quickened over the last two years as customers continue to embrace digital banking. Simultaneously, the number of new branch openings continues to fall. But analysts view this as part of a larger shift in how retail branches are being utilized by customers and where those brick-and-mortar institutions need to be located…

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A year after acquiring a nearly $1 billion portfolio of suburban office properties, Horsham, PA-based Workspace Property Trust on Monday filed to raise up to $100 million through an initial public offering.

Workspace Property, which first filed a confidential S-11 registration statement on June 30, plans to list on the New York Stock Exchange under the symbol WSPT, selling an undisclosed number of common shares in the IPO at a to-be-determined…

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Treasury Secretary Steven Munchin, speaking on the eve of the 30th anniversary of the 1987 market crash, predicted stocks will plunge if Congress fails to overhaul taxes.

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Caribbean tourism faces long road to recovery + MORE 10/15/2017

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.

Even though “Saturday Night Live” didn’t have someone play Harvey Weinstein, the scandal surrounding the Hollywood mogul was a focus for the NBC sketch series on Saturday night.

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The Caribbean is fast approaching tourism season. But this year, some of the islands may not see their vital economic lifeblood.

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A top Federal Communications Commission official is putting pressure on her colleagues to end their silence amid President Trump’s threats against TV networks that are critical of his administration.

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Investors Pouring into Smaller Markets in Search of Higher Yields, Driving Price Momentum + MORE 10/12/2017

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.

Commercial real estate investors priced out of major U.S. markets have expanded their scope to secondary and tertiary markets to find properties yielding more generous returns, a trend typical of late-inning property cycles.

But the robust demand for real estate and the current cycle’s longevity set this growth period apart from past ones and suggest that smaller markets will continue to reap investment for some time…

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Rose McGowan’s Twitter account was temporarily blocked for violating some of the social network’s rules.

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Sears Canada Inc. will be applying to the Ontario Superior Court of Justice for approval to liquidate all of its remaining stores and assets.

The court is expected to hear the motion later this week. Pending approval of the court, it is expected that liquidation sales at retail locations would commence next week and continue for 10 to 14 weeks…

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Jemele Hill’s two-week suspension from ESPN earlier this week has raised questions about how journalists and commentators should conduct themselves on social media. It’s perennial problem that has rankled employers for years, and one that is confounding even ESPN’s own public editor.

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After a quiet first half of 2017, Columbia Property Trust, Inc. (NYSE: CXP) has fired off more than $1 billion in acquisitions since the July 4 holiday including a flurry of deals for buildings in New York City and Washington, D.C. totaling $935 million, the company announced Wednesday.

In early July, Atlanta-based Columbia obtained a nearly 50% interest in an office tower at 114 Fifth Ave…

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The U.S. men’s soccer team’s failure to qualify for the 2018 FIFA World Cup comes at a terrible time for the sport.

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Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: Walmart eyes same-day delivery in New York City + MORE 10/03/2017

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.

Cely Rivera has spent a lot of time waiting for help since Hurricane Maria devastated Puerto Rico two weeks ago.

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Walmart may soon launch same-day delivery in New York City.

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New York City-based, privately-held landlord and asset manager Newmark Holdings has announced it will now go by the name GFP Real Estate, in a move meant to prepare for a public offering by commercial real estate services firm Newmark Knight Frank (NKF).

NKF Chairman Jeffrey Gural said in a release that ahead of NKF’s public offering, this rebranding, “is intended to eradicate confusion in the market” between it and GFP Real Estate, which is the…

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Toronto-based RioCan Real Estate Investment Trust announced plans to sell off about 100 retail properties located outside its core markets over the next two to three years and plans to recycle proceeds into new developments within the country’s six largest metros.

RioCan said it expects to see about US $1…

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Equifax just got grilled by Congress for the first time over its breach. Or at least one of its former executives did.

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