Commercial Real Estate Financing News + More: 'Happy St. Comey's Day': Late night jokes about James Comey's testimony + MORE 06/09/2017

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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.

Former FBI Director James Comey’s testimony on Thursday backed up some of the anonymous-sourced news reports about the FBI, but Comey took exception to one specific New York Times story from February.

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An exit poll suggesting that British Prime Minister Theresa May may have lost her parliamentary majority in a general election on Thursday sent the pound falling against the dollar.

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What’s it like to know a secret of major national importance?

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Prime Minister Theresa May called a snap U.K. general election in the hope of strengthening her hand in negotiations to take Britain out of the European Union.

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The recent performance of loans backing commercial and multifamily properties have again defied expectations and remained on strong footing in the first quarter of 2017, according to the Mortgage Bankers Association, which found that delinquency rates for mortgage loans were flat or decreased in its analysis of the market’s first quarter performance…

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Commercial Real Estate Financing News + More: Alphabet's Jigsaw sets its sights on countering fake news + MORE 06/08/2017

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.

New York’s highest court on Tuesday blocked the development of a billion-dollar shopping mall on a Citi Field parking lot in Queens, affirming a ruling that the project needs legislative approval to proceed.

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For millions of teenagers, it’s a big source of stress. For many businesses, it’s a great chance to make money.

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President Trump has roughly 1,100 top-tier positions to fill across his administration.

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Have you bought Honest Company detergent? You may be able to get some cash back.

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A New Jersey woman is suing Chipotle for allegedly cheating her out of thousands of dollars of overtime pay she says she deserves.

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Commercial Real Estate Financing News + More: Consolidation Continues in SFR Sector as Colony Starwood Agrees to Buy GI Partners' 3,106 Rental Homes for $815 Million + MORE 06/07/2017

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.

Amazon is now offering a discount on Prime memberships for anyone on government assistance.

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Uber is acting swiftly after an investigation substantiated many reports of sexual harassment at the company.

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If you haven’t already pre-ordered the Tesla Model 3, don’t expect to own the car anytime this year — or next.

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Forestar Group Inc. (NYSE:FOR) confirmed that it had received an unsolicited, nonbinding proposal from D.R. Horton Inc. to acquire 75% of the outstanding shares of Forestar common stock for $16.25 in cash.

The unexpected offer beats the previously announced offer from Starwood Capital Group to buy Forestar for $14…

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Colony Starwood Homes (NYSE:SFR) agreed to acquire a portfolio of 3,106 single-family rental homes from Waypoint/GI Venture LLC for $815 million.

Colony Starwood currently manages the portfolio for the sellers, which is located in southern and northern California, Chicago, Atlanta, Tampa, Phoenix, Miami and Orlando…

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Australia has posted yet another quarter of economic growth, bringing its jaw-dropping run without a recession to nearly 26 years. But is it a new record?

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Commercial Real Estate Financing News + More: Most valuable brands: 9 American and 1 from China + MORE 06/06/2017

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.

Singapore-based Mapletree Investments Pte Ltd. announced the acquisition of a second portfolio of student housing assets from Kayne Anderson Real Estate Advisors.
Mapletree listed the purchase price for the portfolio at about $1.6 billion.

The transaction includes eight student housing assets containing 3,611 beds, including properties located in Fort Collins, CO, near Colorado State University; in Miami near Florida International University…

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Read full story for latest details.

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Ch-ch-ch-ch-changes are sweeping through China’s beloved pastime of karaoke.

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China now has one of the world’s most valuable brands.

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Soon, Apple will introduce a new iPhone feature that will do away with that annoying — and dangerous — urge to look at a text message while you’re driving.

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King of retail Mickey Drexler is stepping down as J.Crew’s CEO.

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Commercial Real Estate Financing News + More: McCourt Global Puts Money Into Modular Construction + MORE 06/05/2017

Commercial Real Estate Financing – Click Now!

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.

Megyn Kelly was arguably the highest-profile media figure of the 2016 campaign, thanks to her exchanges with Donald Trump. Yet as Trump was sworn in as president, the former Fox News anchor stayed sidelined, waiting to start her new assignment at NBC News.

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A joint venture that revamped a bland New Jersey office campus into a modern complex with an amenity building, a bike-share service and walking trails has sold the property to Barclays PLC.

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A trove of Chinese trademark applications filed by Ivanka Trump’s namesake business is focusing attention once again on the ethical complications presented by the Trump family’s business ties.

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Food trucks and fitness centers are among the amenities that New Jersey office landlords have been using to attract tenants.The latest perk: Subsidies for digital ride-hailing services such as Uber and Lyft.

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One of New York City’s most prominent investors is betting on modular construction. McCourt Global led a group of investors in a $6 million round of funding for Brooklyn company FullStack Modular LLC.

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Commercial Real Estate Financing News + More: What to expect at Apple's big event Monday + MORE 06/04/2017

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.

While the United States is walking away from the historic Paris Climate Agreement, India is making a bold vow to start selling only electric cars by 2030.

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Up until she was 13, the only place Kai Sin called home was the refugee camp where she was born after her family escaped ethnic violence in Myanmar.

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SpaceX blazed through another milestone for the commercial space industry by reusing a Dragon spacecraft for first time ever.

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Commercial Real Estate Financing News + More: Trump sparked a CEO revolt. Here's why + MORE 06/03/2017

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.

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: South Florida, Nashville, Salt Lake City, Columbus, Austin, Orlando, Detroit / Grand Rapids and Charlotte.

  BREAKING NEWS!  Duane Morris Expands Real Estate Practice GroupSix Attorney Team Headed by Jay Steinman Joins Miami

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Those who can’t make it to Ariana Grande’s benefit concert in Manchester can tune in online and on ABC to see the show.

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When your very first tweet reverberates around the world, how do you follow it up?

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Blackstone Group LP edged out Brookfield Asset Management Inc. to reclaim its position as the world’s largest real estate asset manager as the total value of global real estate assets under management reached $2.7 trillion (Euro 2.4 trillion) in 2016, up more than 20% from the previous year, according an annual joint report by three real estate investment management organizations…

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CEOs are cautious by nature, circumspect in their words and actions.

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Commercial Real Estate Financing News + More: 'Biggest U.S. foreign policy error since Iraq War' + MORE 06/02/2017

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.

Taubman Centers, Inc. (NYSE:TCO) this morning announced that shareholders voted to elect CEO Robert S. Taubman and two other company nominees to the board of directors, turning back a challenge by activist hedge fund Land and Buildings, which nominated a different slate of board candidates.

The mall REIT’s proxy solicitor advised that, according to preliminary results of the annual election, shareholders voted to elect Taubman, Cia Buckley Marakovits…

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Elon Musk, the CEO of Tesla and SpaceX, has quit two of President Trump’s business advisory councils after the president announced he will pull the U.S. out of the historic Paris climate agreement.

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“This is the biggest U.S. foreign policy error since entering the Iraq War.”

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Fast-food eatery Taco Bell, whose slogan is Live Mas, has launched a ‘Grow Mas’ strategy – an approach that sets it apart from its sister chains: Pizza Hut and KFC (Kentucky Fried Chicken) in the U.S.

All three are restaurant brands of Louisville-based Yum! Brands (NYSE: YUM). But while KFC and Pizza Hut are shrinking their real estate footprint at home, Taco Bell this past week outlined plans to grow the chain both here and abroad, with the goal…

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SpaceX was forced to delay an historic launch that was slated to send a used spacecraft into orbit.

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A growing appetite among consumers-on-the-go for the broader selection of food options and other grocery items offered at larger, modern convenience stores is fueling a wave of consolidation and new development in the often overlooked triple-net convenience store segment of U.S. retail.

The Association for Convenience and Fuel Retailing (NACS) reports the number of c-stores in the country increased 0…

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Commercial Real Estate Financing News + More: GM announces more layoffs + MORE 05/31/2017

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.

Elon Musk says he’ll step down from President Donald Trump’s advisory councils if he decides to withdraw from the Paris climate agreement.

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GM announces more layoffs

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General Motors is cutting factory jobs again.

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Sean Spicer isn’t taking your questions.

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Wikileaks founder Julian Assange told CNN on Wednesday that he is exploring the possibility of guest hosting conservative personality Sean Hannity’s nationally-syndicated radio show after Hannity offered him the opportunity to fill in.

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Start the countdown: President Trump’s team can officially start trade talks with Canada and Mexico on August 16 to renegotiate NAFTA.

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Commercial Real Estate Financing News + More: What will Tiger Woods' arrest mean for his sponsorship deals? + MORE 05/30/2017

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.

When Tiger Woods gets in trouble, there’s a lot on the line.

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Montreal-based Ivanhoé Cambridge, Inc. and its investment partner, Callahan Capital Properties (CCP), have acquired the 30-story, 1.12 million-square-foot 85 Broad St. in New York City for approximately $650 million, or about $580 per square foot, from a joint-venture between MetLife Real Estate and Beacon Capital Partners…

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If your child bought something in an app from Amazon’s app store without your permission, you may get your money back.

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Haverty Furniture Cos. Signs Seven-Year HQ Extension at The Centrum at Glenridge
Haverty Furniture Cos. (NYSE: HVT) has agreed to a seven-year extension that will keep the furniture retailer’s longtime corporate headquarters at the Centrum at Glenridge in Atlanta.

The 186,826-square-foot, eight-story office building has housed the corporate offices of Haverty’s since 1999…

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United is in hot water again, this time for an allegedly unsafe plane.

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