stated income 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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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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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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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.

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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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: Hillary Clinton's secret weapon: Wellesley + MORE 11/06/2016

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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.

Nancy Wanderer has proudly worn an “Elect Hillary Clinton” shirt every single day from the Democratic National Convention in July until Election Day. Her car has eight Clinton campaign stickers on it.

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Even “Saturday Night Live” has had enough of this election.

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Win or lose Tuesday, Hillary Clinton has captured a victory from one group of Americans — children.

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1. The U.S. presidential election: The fate of the next four years will be decided on Tuesday. According to a CNN poll, Clinton and Trump are neck to neck in key battleground states, including New Hampshire, Arizona, Florida, Nevada and Pennsylvania.

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Stated Income Commercial Financing

Commercial Real Estate Financing News + More: These companies will be closed on Election Day + MORE 11/05/2016

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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.

Brad Pitt has officially responded to Angelina Jolie’s divorce filing and is seeking joint custody of their children.

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In explaining the reasoning behind his settlement with Hulk Hogan this week, Gawker Media founder Nick Denton expressed relief that his former staffers could now “entertain and inform their readers with fewer distractions.”

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Health-Care Office Building 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

Commercial Real Estate Financing News + More: Samsung tells users: Turn off your Galaxy Note 7 phone NOW + MORE 10/11/2016

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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.

Samsung issued an alert to customers on Monday, asking users to immediately turn off their Galaxy Note 7 smartphones — which have been spontaneously catching fire.

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The Atlantic has appointed national security reporter and columnist Jeffrey Goldberg to serve as its new editor-in-chief.

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Vice has gotten this far doing things differently than traditional news organizations. But its debut of a daily newscast for HBO, “Vice News Tonight,” bore the same hallmarks, quirks and limitations of its dedicated channel, Viceland.

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Where do students in Asia dream of working after graduation? American tech companies are at the top of their list.

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Samsung’s exploding phone debacle just keeps getting worse.

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Medical Practice Building Financing

Commercial Real Estate Financing News + More: Donald Trump taps right-wing echo chamber before presidential debate + MORE 10/10/2016

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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.

Average asking rents for so-called Class A office buildings in the hip neighborhoods of Midtown South surpassed asking rents for comparable properties in Midtown Manhattan for two consecutive quarters, according to real-estate-services firm JLL.

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When Donald Trump held a press conference with Bill Clinton’s accusers before Sunday night’s debate, he was dredging up decades-old stories that have been sustained by a far-right media echo-chamber that has been at war with the Clintons since the 1990s.

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Samsung is putting the brakes on its beleaguered Galaxy Note 7 smartphone as fears spread that even replacement versions of the device can burst into flames.

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Samsung’s Galaxy Note 7 nightmare keeps getting worse.

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The new outpost of the Brooklyn Children’s Museum is set to open in a roughly 1,850-square foot space on the ground floor of a luxury condominium building in Brooklyn Bridge Park.

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Commercial Real Estate Financing

Commercial Real Estate Financing News + More: 'SNL' and Alec Baldwin take on Trump's hot mic comments + MORE 10/09/2016

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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.

“Are you not entertained?”

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College football fans are no doubt bummed that so many of this weekend’s games are canceled or postponed because of Hurricane Matthew.

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The NFL is used to crushing the TV ratings game. But this year, it’s in a serious slump. Four weeks into the regular season, the league’s ratings are down 11% across FOX, CBS, NBC and ESPN. And everyone in the industry is starting to take notice.

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“You’re So Vain” singer-songwriter Carly Simon is repurposing her wildly popular song from 1972 as an anti-Donald Trump anthem.

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Medical Practice Building Financing