stated income financing

Commercial Real Estate Financing News + More: Outdoor retailers boycott Utah over public land policies + MORE 02/12/2017

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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 Happiest Place on Earth” is getting a bit pricier.

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A massive showcase with some of the biggest names in outdoor sporting goods typically convenes each year in Utah.

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There hasn’t been an issue this divisive in Canada since Tim Hortons stopped making donuts in their stores.

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Alec Baldwin is more than just one thing on “Saturday Night Live.” He’s Pete Schweddy of “Schweddy Balls” and the scoutmaster in “Canteen Boy” and Tony Bennett and, as of this Saturday night, the person who’s hosted SNL 17 times, more than anyone else. But it’s this latest stint as host that may end up defining Baldwin’s legacy on the show.

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Apple CEO Tim Cook wants the tech industry to take action against “fake news” stories that are polluting the web.

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Commercial Real Estate Financing

Commercial Real Estate Financing News + More: Under Armour tries to recover from Trump compliment + MORE 02/11/2017

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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.

A Tesla factory worker says he wants to form a union. Elon Musk says he’s being paid by United Auto Workers. The UAW says Musk is spreading fake news.

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Faxing the government may not be the most efficient way to get information. And one senator wants to know why the FBI is going back to the eighties.

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Health Secretary Tom Price doesn’t have a lot of time to settle into his new job before he has to make some major moves on Obamacare.

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Commercial Real Estate Financing

Commercial Real Estate Financing News + More: Expedia CEO: Hopefully we'll live to see the end of the year + MORE 02/10/2017

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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.

A series of transactions involving several high-profile properties in Manhattan and Boston over the last few days underscores the enormous and unmistakable role of foreign investors, particularly large government-sponsored funds, in generating a large part of the demand and liquidity that has extended the depth and duration of the unprecedented growth run for US commercial real estate…

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Some CEOs live for a better bottom line. Expedia’s CEO just hopes we live, period.

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Elon Musk and President Donald Trump may not agree on everything. But the willingness of Musk to continue meeting with and advising Trump, even as many other tech leaders face criticism for doing so, might actually be a smart business decision.

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President Donald Trump is normally quick to complain about what he sees as unfair foreign competition.

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President Trump sounds like he’s picking a fight with Japan over trade. That could make for tricky talks about a hugely important relationship when he meets Prime Minister Shinzo Abe.

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The Obamacare purge has begun.

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Commercial Building Financing

Commercial Real Estate Financing News + More: He said what? A look back at Trump's Japan bashing + MORE 02/09/2017

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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.

A federal judge has blocked Anthem’s attempt to acquire Cigna in what would have created the largest health insurer in the nation.

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Aviation industry executives are heading to the White House Thursday morning for their first meeting with President Trump, carrying a wish list of often conflicting priorities.

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Former trendy fashion clothing retailer The Wet Seal LLC became the latest mall-based retailer to succumb to changing consumer buying habits. The company this week filed for Chapter 11 bankruptcy and is holding going out of business sales at all of its 171 stores in 42 states. It is the chain’s second trip through bankruptcy court in two years…

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Andrew Puzder, President Trump’s nominee to lead the Labor Department, says he will step down as chief executive of CKE Restaurants and might give up his 2016 bonus if the Senate confirms his nomination.

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President Trump tweeted a jab at Nordstrom department stores from his personal account Wednesday morning, which was then retweeted by the official @POTUS account.

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Medical Practice Building Financing

Commercial Real Estate Financing News + More: Tommy Hilfiger Signs 200,000-SF HQ Lease at 285 Madison Ave + MORE 02/08/2017

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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.

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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Medical Practice Building Financing

Commercial Real Estate Financing News + More: The big tech holdouts in legal battle with Trump + MORE 02/07/2017

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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.

Somehow, some way, the New England Patriots won Super Bowl LI on Sunday night, and their big comeback victory may have saved the TV ratings.

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Update: Tesla, SpaceX and Slack were among 31 companies that signed on to the amicus brief Monday evening.

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Russian President Vladimir Putin could be waiting a long time for an apology from Bill O’Reilly.

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Can The Huffington Post, a web site founded as a liberal answer to The Drudge Report, win over millions of Trump voters? New editor-in-chief Lydia Polgreen believes that it can. So it is starting to try.

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Elon Musk has signed on to fight President Trump’s travel ban.

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Medical Practice Building Financing

Commercial Real Estate Financing News + More: A High Line Plan Emerges in Newark, N.J. + MORE 02/06/2017

brtozone123

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.

A raised pedestrian bridge is one of the signature features of a 22-acre public-private redevelopment project called Mulberry Commons, recently unveiled by the city of Newark and developers.

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Netflix had a trick and a treat for “Stranger Things” fans during Sunday’s Super Bowl.

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Top U.S. tech firms are preparing to join the legal fight against President Donald Trump’s travel ban.

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The first overtime game in Super Bowl history helped partially banish the prism of politics that hung over the day, one in which the high-profile ads were in some cases controversial but for the most part lackluster.

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Medical Practice Building Financing

Commercial Real Estate Financing News + More: Elon Musk says he's 'doing good' on Trump's advisory council + MORE 02/05/2017

brtozone123

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.

Like any college student, Vanessa Ramirez never expected chemotherapy would be part of her busy school schedule.

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Footballs won’t be the only thing flying in Houston this Sunday.

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Elon Musk has gotten flak for his decision to join President Trump’s economic advisory council. But he says it’s better to be on the inside and that he is “doing good” by advising Trump.

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Call BRT Financial @904-551-6090

Health-Care Office Building Financing

Commercial Real Estate Financing News + More: Obamacare sign ups sag under Trump administration + MORE 02/04/2017

brtozone123

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.

Boeing’s $8 billion deal to sell 80 jets to Iran Air was already in trouble before President Trump took office. Now it’s even more in doubt.

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Imagine this: It’s fourth and two, the Atlanta Falcons are on their own 45-yard line in this weekend’s Super Bowl. It’s late in the game, and the New England Patriots are up six. Should the Falcons go for it to keep their drive alive or give the ball back to Tom Brady and hope for a stop?

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Amazon.com’s 3.3-million-square-foot shipping hub at Cincinnati/Northern Kentucky Airport (CVG) in Hebron, KY will serve both the internet commerce giant’s emerging air cargo service and its large and growing global network of distribution and fulfillment centers, an Amazon senior executive tells analysts…

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The pace of Obamacare sign-ups slowed in the final days of open enrollment last month, as the Trump administration repeatedly blasted the law and pulled ads reminding procrastinators of the January 31 deadline.

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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: Orange County, Los Angeles, South Florida, Chicago, New York City, Northern New Jersey, South Carolina, Phoenix / Tucson, and Atlanta…

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Call BRT Financial @904-551-6090

Health-Care Office Building Financing

Commercial Real Estate Financing News + More: Elon Musk is taking his travel ban objections directly to Trump + MORE 02/03/2017

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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.

The Trump economy is here.

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Ford is hoping to claw its way into the Chinese truck market with the Raptor, the performance version of the Michigan-built F-series.

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In a shocking about face, Uber CEO Travis Kalanick has dropped out of President Trump’s business advisory council.

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Steady growth in office-using employment over the last few years and rising demand from big employers for a diminishing supply of newer high-quality office space have combined to create a fertile environment for new office construction, and developers are ready to deliver.

This year will likely be the peak in the cycle for the delivery of new office projects, according to CoStar Portfolio Strategy forecasts…

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Luxury department store Nordstrom won’t be purchasing products from the Ivanka Trump brand this fall.

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Elon Musk says he will raise objections to President Trump’s controversial immigration order at a meeting at the White House on Friday.

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Commercial Building Financing