Commercial Real Estate Financing News + More: Russian spy purge after suspected leaks to U.S. intelligence + MORE 02/02/2017

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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.

President Trump’s prime time Supreme Court reveal was Tuesday evening’s highest-rated TV show.

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Spurred by projections of strong growth in the luxury hotel segment in the next two years, hotel operators have rushed out of the gate with billions of dollars of new development and acquisition initiatives to appeal to affluent travelers.

Hyatt Hotels Corp. (NYSE:H) and Fairmont Hotels & Resorts both announced plans to pour money into their resorts categories and Four Seasons Hotels and Resorts and Ashford Hospitality Prime (NYSE: AHP) each laid…

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There’s a purge of spies underway in Moscow, where two high-ranking Russian security service agents, a cybersecurity expert and a fourth man have been charged with treason for passing along secrets to American intelligence, according to a lawyer defending one of the men.

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More than 1,000 small grocery stores across New York City will go on strike Thursday in the latest protest against President Trump’s immigration order.

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A pair of new surveys point to continued favorable market conditions for US commercial real estate this year, with a strengthening economy paired with improved property fundamental and ready access to capital shoring up the real estate expansion through 2017.

A survey by KPMG LLP of senior U.S. real estate executives further finds that uncertainties over President Donald Trump’s tax and regulatory policies, rising interest rates and the threat…

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Commercial Real Estate Financing News + More: Recent Commercial Real Estate Transactions + MORE 02/01/2017

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.

The Miami-Dade County Commission voted 10-1 for preliminary approval of American Dream Miami, a proposed $3 billion “retail theme park” in northwest Miami to be developed at the Florida Turnpike and Interstate 75.

The proposal by Triple Five Group, a Canadian development firm owned by the Ghermezian family, would create the largest mall and amusement park in North America, with a nearby mixed-use commercial center developed by Graham Cos…

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The nation’s airlines scrambled to comply with President Trump’s decree on immigration, but have also struggled with how — or if — to respond publicly.

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Tourists heading to wine country used to bypass Napa Valley’s largest city. Now a number of multimillion-dollar projects aim to attract them.

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Recent commercial real estate transactions in New York City.

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Amid pressure from the Canadian prime minister, Fox News has apologized for a tweet that inaccurately identified the suspect in Sunday night’s Quebec mosque terror attack as a man of Moroccan origin.

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Commercial Real Estate Financing News + More: Murdoch brothers: Immigration is 'essential' to America + MORE 01/31/2017

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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.

Office property owners in New York’s suburbs are working to attract millennial workforces with amenities like restaurants, hiking trails, fitness clubs and natural lighting.

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The top executives at 21st Century Fox have weighed in on President Trump’s recent travel ban, informing staff that they “deeply value diversity and believe immigration is an essential part of America’s strength.”

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The truce between Ford and President Donald Trump took a hit Monday, as the automaker criticized the president’s ban on U.S. travel from seven Muslin countries.

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A reporter for Breitbart News was ejected from a press conference hosted by the Council on American-Islamic Relations on Monday.

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A judge in Buenos Aires, Argentina, has ordered Uber to be blocked.

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Ben Affleck will still be under the cowl, but not behind the camera.

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Commercial Real Estate Financing News + More: Uber pushes back on Trump's order after #DeleteUber starts trending + MORE 01/30/2017

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.

General Electric CEO Jeff Immelt says he shares the “concern” felt by his employees over President Trump’s executive order banning travel from seven Muslim majority countries.

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Starbucks says it plans to hire 10,000 refugees over five years in the 75 countries where it does business.

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Delta was hit by a crippling computer outage on Sunday night that disrupted flights around the nation.

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Office property owners in New York’s suburbs are working to attract millennial workforces with amenities like restaurants, hiking trails, fitness clubs and natural lighting.

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Uber pushed back against President Trump’s immigration ban, after taking serious heat on social media for its initial response.

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Commercial Real Estate Financing News + More: Tim Cook: 'Apple would not exist without immigration' + MORE 01/29/2017

Medical Building Loans For HealthCare Professionals- Click Here!

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.

The Sinclair Lewis novel “It Can’t Happen Here,” about a gradual fascist takeover of the United States, has joined George Orwell’s “1984” on Amazon’s list of its best-selling books.

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Donald Trump and other supporters of the Keystone XL pipeline tout it as a major source of jobs.

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The Trump administration’s immigration ban means that an Oscar nominee, Asghar Farhadi, may not be able to attend the awards ceremony next month.

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Commercial Real Estate Financing News + More: CoStar's People of Note (Jan. 27) – CBRE Names New Presidents for Three Major US Divisions + MORE 01/28/2017

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.

Billionaire buddies Warren Buffett and Bill Gates held court at a Q&A hosted at Columbia Business School Friday.

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Mark Zuckerberg has decided to speak up against President Trump.

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Look around, look around because Angelica, Eliza… and Peggy are going to the Super Bowl.

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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: Chicago, South Florida, Minneapolis / St. Paul, Tampa / St. Petersburg, Atlanta, Dallas / Ft. Worth, St. Louis, Washington DC, Phoenix / Tucson, New York City, Northern California, Ohio, Southern California, Texas more!
CBRE Names New Top Managers for Three US Divisions
By…

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A ticket selling scam featuring the Broadway hit “Hamilton” — where resold tickets can go for thousands of dollars — bilked investors out of tens of millions of dollars, a federal complaint charged Friday.

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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

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.

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 Real Estate Financing News + More: Saudi Arabia and Burj Khalifa developer launch Gulf answer to Amazon + MORE 11/13/2016

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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.

CNN’s Brian Stelter says journalists “will have to reckon with” the media coverage of this year’s presidential election.

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About five years ago, a series of tragedies had left the residents of Santa Monica, California, on edge. In the months that followed, city officials sought ways to bolster the community.

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Online shoppers in the Middle East are about to get more choice.

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Carl Icahn is a vocal supporter of Donald Trump, but he doesn’t see eye-to-eye with all of his policies.

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President-elect Donald Trump is continuing his battle with one of the country’s biggest news outlets, the New York Times.

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Commercial Real Estate Financing News + More: Clicks to Bricks: Online Retailers Find the Lure of a Store + MORE 11/12/2016

Doctor Medical Building Financing – More Info Click Here!

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.

ESPN is back in the good graces of Dallas Mavericks owner Mark Cuban.

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Diane Guerrero, an actress who became an outspoken advocate for immigration reform after her undocumented parents were deported, published a tough missive Friday vowing to battle President-elect Donald Trump’s anti-immigrant plans.

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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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Programmers are in hot demand. Tech companies are especially eager to grab talent as fast as they can find it.

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President-elect Donald Trump is giving control of his sprawling business network to his children as he prepares to assume the presidency.

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Russell Simmons is a pioneer in creating content for and about the underserved — and he sees no reason to stop now.

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

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 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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