stated income financing

Commercial Real Estate Financing News + More: Square Feet: ‘A Different Los Angeles’: The City Moves to Alter Its Sprawling Image + MORE 04/24/2017

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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.

1. French election rally: The euro surged 1.2% against the dollar on Monday after pro-European reformer Emmanuel Macron emerged as the front runner to become the next French president.

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It’s the ultimate Jimmy Choo sale.

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Global retail landlord Gazit-Globe is planning to open a private U.S. subsidiary to invest in real estate in New York and other major metropolitan areas, the company said.

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Even top tech executives think they could be replaced by robots one day.

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The fight over Obamacare’s future is now threatening to shut down the federal government.

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After voters defeated a measure that would have curtailed construction, the city’s future looks much denser.

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Stated Income Commercial Financing

Commercial Real Estate Financing News + More: See the view from SpaceX's historic mission + MORE 04/23/2017

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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.

United Airlines says its CEO, Oscar Munoz, will not take broader control of the company as previously planned, after a high profile incident that damaged the company’s reputation.

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This week it was Bebe. Last month it was Staples. In February it was JCPenney.

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Limiting the number of foreign doctors who can get visas to practice in the United States could have a significant impact on certain hospitals and states that rely on them, according to a new study.

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Apple is producing more than 200 million electronic devices each year. And making all those iPhones, MacBooks and tablets takes an enormous amount of energy.

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SpaceX celebrated Earth Day by revealing a stunning photograph of the Earth captured during the company’s historic launch last month.

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Stated Income Commercial Financing

Commercial Real Estate Financing News + More: Facebook shows teens that coding is cool + MORE 04/22/2017

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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.

The Trump administration has denied ExxonMobil permission to bypass sanctions to drill for oil in Russia.

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United Airlines says its CEO, Oscar Munoz, will not take broader control of the company as previously planned, after a high profile incident that damaged the company’s reputation.

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Raquel Lucente’s parents always expected her to become a lawyer. When she went to work at a little company called Facebook they were completely confused.

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President Trump is taking steps to keep his word to “do a big number” on the 2010 Dodd-Frank financial reform law.

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Health-Care Office Building Financing

Commercial Real Estate Financing News + More: Dodd-Frank in Trump's sights ahead of Friday Treasury meeting + MORE 04/21/2017

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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.

Blackstone’s non-traded REIT, Blackstone Real Estate Income Trust, this week added another portfolio to its growing property stockpile.

The REIT’s latest acquisition is a six million-square-foot portfolio of predominantly infill industrial assets it purchased from affiliates of High Street Realty Co…

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Apartment profits continued their string of strong performances last year, according to the latest full-year financial data collected on hundreds of thousands of multifamily units.

The combined 2016 net operating income at 4,362 conventional multifamily complexes reporting year-end numbers totaled $5…

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President Trump and Commerce Secretary Wilbur Ross have a message for big American steel companies. We’ll protect you.

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Heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) announced Wednesday it will relocate to Chicago’s suburbs, opting to move its global headquarters to the northern Chicago suburb of Deerfield over several downtown options after more than 90 years being based in the heart of the state in Peoria, IL…

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President Donald Trump is planning to take the next step Friday in his steady attack over the 2010 Dodd-Frank financial reform law.

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Reflecting what one real estate economist described as an overall sentiment of “restrained optimism,” the latest ULI Real Estate Consensus Forecast sees a more modest rate of commercial real estate transaction from the frenzied pace seen in recent years, and a gradual slowing but still increases in rental rates, occupancy and pricing through 2019…

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Stated Income Commercial Financing

Commercial Real Estate Financing News + More: Caterpillar to Relocate Global Headquarters to Chicago Suburb of Deerfield + MORE 04/20/2017

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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.

Heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) announced Wednesday it will relocate its global headquarters to the northern Chicago suburb of Deerfield after more than 90 years of being based in Peoria, IL.

Caterpillar Chief Executive Officer Jim Umpleby said that after a thorough site selection process, the company picked Deerfield, located about 25 miles north of downtown Chicago, because of its proximity to O’Hare International Airport…

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Beijing’s internet regulators are turning up the heat on Apple.

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1. Oil trouble: It looks like major oil producers have something to worry about.

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Hours after 21st Century Fox announced Bill O’Reilly’s ousting from Fox News, former contributor Kirsten Powers recalled complaining about the former anchor’s behavior. She said she was told, “You know Bill, there’s nothing we can do.”

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The seven-year expansion in the U.S. office market slowed in many big cities in the first quarter.

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Health-Care Office Building Financing

Commercial Real Estate Financing News + More: His job in jeopardy, Bill O'Reilly's team fights back + MORE 04/19/2017

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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.

It’s pink, blue and available at a Starbucks near you.

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Malaysia Airlines wants to keep a closer eye on its planes.

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1. Even more earnings: Morgan Stanley and BlackRock will report their latest results on Wednesday.

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With his future at Fox News looking more precarious than ever, Bill O’Reilly is fighting back.

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Internet retailing is eating into mall revenue, but competition from newer shopping centers was the most common cause of death for malls over the past decade, according to a recent study.

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A sweeping House GOP bill would give the president new powers that could limit the independence of certain regulatory agencies.

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Stated Income Commercial Financing

Commercial Real Estate Financing News + More: Starwood Capital to Acquire Landholder Forestar Group for $605 Million + MORE 04/18/2017

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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.

It appears Starwood Capital Group may be switching horses in its homebuilding investment business after community and mixed-use developer Forestar Group Inc. agreed to be acquired by affiliates of Starwood Capital in a $605 million deal.

The transaction price of $14.25 for each share of Forestar represents an 8…

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When it comes to filing your taxes, today is not the day to dawdle.

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Anbang, the acquisitive Chinese insurer with big ambitions abroad, isn’t having much luck cracking America.

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1. Taxes in focus: U.S. Treasury Secretary Steven Mnuchin says the Trump administration’s sweeping tax reforms are likely to be delayed.

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Stated Income Commercial Financing

Commercial Real Estate Financing News + More: China's economic growth climbs to 6.9% in the first quarter + MORE 04/17/2017

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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.

A Chinese financial services giant is back in front in the race to buy U.S. money transfer service MoneyGram.

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Developers of a mixed-use project at the base of the George Washington Bridge in New Jersey have added two retailers to the roster of tenants, filling more than 80% of its shopping complex

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1. Tax day is coming: Ready or not, Tuesday is your last chance to file 2016 tax returns with the IRS.

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The Chinese economy picked up steam in the first quarter.

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Online home décor and furniture retailer One Kings Lane will open its first brick-and-mortar store in Southampton this Memorial Day weekend, as the company repositions itself from a flash-sale e-commerce site to a home furnishings brand.

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The addition of glass-walled office spaces atop older buildings is an investment a number of owners are making in hopes of boosting income and competing with newer office buildings in Manhattan.

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Stated Income Commercial Financing

Commercial Real Estate Financing News + More: 'Fate of the Furious' on track for biggest global opening ever + MORE 04/16/2017

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.

Read full story for latest details.

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What’s the fate of the “Furious”? Possibly the biggest global opening in movie history.

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United Airlines just made another policy change aimed at preventing a fiasco like the one it endured this week.

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On Friday, the Shadow Brokers hacking group published a cache of documents revealing Windows hacking tools allegedly belonging to the NSA. But Microsoft said it has already patched the flaws.

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Commercial Real Estate Financing

Commercial Real Estate Financing News + More: With O'Reilly on vacation, Murdochs debate his future + MORE 04/15/2017

brtozone123

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.

Delta customers can now be offered nearly $10,000 for giving up their seats on overbooked flights.

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United Airlines may be the most hated company in the world right now.

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A hacking group has dumped a collection of spy tools allegedly used by the National Security Agency online. Experts say they are damaging.

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Beekman Investment Partners III LP acquired 16 movie theaters with 184 screens from Chinese-owned AMC Entertainment Holdings Inc. (NYSE: AMC) and Carmike Cinemas. The deal is part of the settlement agreement with the US Justice Dept. to allow AMC to acquire Carmike as part of a planned $1.2 billion merger…

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Fox News host Bill O’Reilly is gone on an extended Easter vacation, escaping the firestorm that currently surrounds him. But in his absence, Rupert Murdoch and his sons James and Lachlan continue to debate his future.

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The Trump administration stopped short of branding China and Germany currency manipulators, despite having accused both countries of keeping their currencies artificially low to gain unfair advantage in trade with the U.S.

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Commercial Real Estate Financing