stated income financing

Commercial Real Estate Financing News + More: Who were Fox analyst's sources on Obama claim? Consultant explains his side + MORE 03/19/2017

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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.

President Trump has made some pretty big league promises when it comes to improving Americans’ health care.

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Jimmy Breslin, the prolific Pulitzer Prize winning columnist and champion of New York City’s working class, died Sunday morning at age 88.

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A blogger and former CIA analyst says he was a source for an uncorroborated claim made on Fox News about supposed spying at Trump Tower — but he says he didn’t mean to be.

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Commercial Real Estate Financing

Commercial Real Estate Financing News + More: Trump's budget would hit tens of thousands of federal workers, experts say + MORE 03/16/2017

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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.

Newmark Grubb Knight Frank (NGKF) is rolling out a national valuation and appraisal service to support ambitious plans for its investment-sales platform. After recruiting Cushman & Wakefield’s former global appraisal and valuation chief, John D. Busi, last summer to lead the effort, NGKF has hired four other senior valuation execs to round out a leadership team tasked with growing NGKF’s North American valuation and advisory business line…

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President Donald Trump is taking aim well-paying jobs with attractive benefits at the nation’s largest employer — the federal government.

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USA Hockey will field a women’s team in the upcoming world championship games — with or without the current members of the women’s national team.

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More agents along the border, but a hobbled PBS. A bigger military, but less chance of getting a decent lawyer if you’re poor.

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Sean Hannity is surrounded by jackasses.

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A joint venture of Chicago-based student housing developer The Scion Group, Canada Pension Plan Investment Board (CPPIB) and Singapore wealth fund GIC have purchased three U.S. student housing portfolios for about $1.6 billion.

Scion Student Communities LP’s acquisitions include a total of 29 properties in three portfolios, including the closing this week of the $640 million purchase of 11 properties in university markets across the U…

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Commercial Building Financing

Commercial Real Estate Financing News + More: Newly confident Janet Yellen is a believer in the U.S. economy + MORE 03/15/2017

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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.

Janet Yellen has a message for Americans: It’s finally safe to “feel good” about the U.S. economy.

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With the quarter-point interest rate hike a done deal as of today, the Federal Reserve is signaling that the US economy is another step closer to full health after its slow recovery from the depths of the Great Recession.

In addition, today’s rate increase is not expected to be the last we see this year…

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Despite promises from people in high places, tax reform will not happen by August. In fact, it very well may not happen this year.

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The outlook for industrial real estate couldn’t be better, despite uncertainty regarding potential changes in federal trade policies and the large amount of new warehouse/distribution space currently under construction.

Recent outlooks cite several sources for continued demand in the warehouse/distribution sector, including healthy-enough consumer spending, growing demand for ecommerce space, and dare we mention it, demand from the growing medical…

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Health-Care Office Building Financing

Commercial Real Estate Financing News + More: Goodbye Ruby Tuesday? Chain Opts to Explore Strategic Alternatives + MORE 03/14/2017

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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.

The revitalized mill district in Manchester is becoming known as fertile ground for technology firms, and is now home to at least 30 tech company offices.

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Bearish bets on retail-focused real estate investment trusts have risen, reflecting short sellers’ belief that mall landlords will struggle.

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Restaurant chain Ruby Tuesday (NYSE:RT), which has been in the process of selling off its corporate-owned real estate, is now considering selling the company.

The Maryville, TN-based casual dining chain announced it will entertain merger or purchase options and has retained UBS as its financial advisor to assist in looking at its strategic alternatives…

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Mall landlords are now eagerly courting a type of retailer they once ignored: grocery stores, such as 365 by Whole Foods Market, Wegmans and Kroger.

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Recent commercial real estate transactions in New York City.

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Stated Income Commercial Financing

Commercial Real Estate Financing News + More: Office Lease Up (March 13) Blue Shield Signs 200,000-SF Lease in Planned Move from San Francisco to Oakland + MORE 03/13/2017

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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.

Mario Burgos certainly isn’t anti-immigrant. His father was born in Ecuador. His maternal grandparents immigrated from Europe.

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In one of the largest office leases in Oakland on record, Blue Shield of California will move its corporate headquarters into 200,000 square feet at 601 City Center, a project finally under development by Shorenstein Properties and MetLife Inc. after being stalled for several years.

The health plan said the move aims to reduce administrative costs and provide upgraded office surrounding for about 1,200 employees…

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The White House press briefing is usually a forum for reporters and the public to learn new information about the president and his administration.

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The U.S. election may have awakened “animal spirits” on Wall Street, but the bears definitely didn’t get the wake-up call. They’ve been hibernating for an unusually-long period.

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Add Gordmans Stores Inc. (NASDAQ: GMAN) to the growing list of department store chains throwing in the towel. The Omaha, NE-based chain filed for bankruptcy and plans to enter into an agreement with Tiger Capital Group and Great American Group to handle the liquidation sales of its store inventory and other assets…

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Facebook now explicitly prohibits companies and organizations from using its services for surveillance.

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Medical Practice Building Financing

Commercial Real Estate Financing News + More: Why Facebook tracks internet outages around the world + MORE 03/12/2017

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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.

President Trump’s budget director claims the Obama administration was “manipulating” jobs data.

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President Trump’s new pick for labor secretary will have to wait a bit longer before he gets a hearing.

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Millionaires would win big under Republicans’ bill to repeal Obamacare.

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There are few people with computer science backgrounds who work in the federal government. Long hours coupled with smaller salaries make it hard to recruit techies to Washington, according to Representative Ruben Gallego.

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The internet doesn’t have an off switch. While it’s interesting to imagine pressing a big red button and — poof! — the internet goes out around the world, it’s actually much more complicated than that.

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Commercial Real Estate Financing

Commercial Real Estate Financing News + More: What's in a Thin Mint? Well, that depends + MORE 03/11/2017

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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.

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Health savings accounts are poised for a major expansion by Republicans in Washington, D.C., and that could mean millions more customers ? and fees ? flowing to a handful of companies.

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There’s a growing distrust of the technology industry, and if you ask Dan Rather, it’s because people are afraid.

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When is a Samoa not a Samoa?

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Insurance giant Anthem lent its support to parts of the Republican health care bill, saying changes must be made as soon as possible for the Obamacare market to survive.

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Commercial Real Estate Financing

Commercial Real Estate Financing News + More: Bulls galore! Has Trump unleashed America's animal spirits? + MORE 03/10/2017

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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.

President Donald Trump’s travel ban could keep out more international travelers than he bargained for.

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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, Santa Fe, Boston, Chicago, Orange County, Phoenix/Tucson, Toronto, Salt Lake City, Northern New Jersey, Philadelphia, Florida and more!
NEW YORK CITY
Kimco Taps Cooper as President, Jamieson as COO
By Justin Sumner

<img src="http://gateway…

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Lawmakers are trying to put a stop to shrinking airline seats … again.

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JPMorgan CEO Jamie Dimon says that stocks have rallied because President Trump has awoken the “animal spirits” of investors.

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Travelers have been flocking to Portland, Oregon lately — in fact there’s been a 28% increase in tourists to the unofficial hipster city in the past five years, according to the Port of Portland. If you’re headed there for work, you’ll certainly want to check out the cool cafes, bookstores, and food trucks that line the city’s blocks.

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Commercial Real Estate Financing

Commercial Real Estate Financing News + More: Mark Zuckerberg, Priscilla Chan expecting second baby girl + MORE 03/09/2017

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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.

Treasury Secretary Steven Mnuchin sent a letter this week to Congress warning that the United States is about to reach its legal borrowing limit by next Thursday.

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While the February 2015 Ch. 11 reorganization of RadioShack is still winding its way through bankruptcy court, the new owners who acquired the assets of the electronics retail chain and took over about 1,500 of its stores, filed for its own Ch. 11 reorganization yesterday.

General Wireless Operations Inc…

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President Trump’s pledge to unleash $1 trillion in infrastructure spending is generating a flurry of lobbying from an alphabet-soup list of trade groups whose members are jockeying to reap potentially huge benefits.

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Mark Zuckerberg and wife Priscilla Chan are expecting another baby girl.

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Bearish bets on retail-focused real estate investment trusts have risen, reflecting short sellers’ belief that mall landlords will struggle.

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More than seven months after the ouster of Roger Ailes, Fox News is still scrambling to deal with sexual harassment allegations against executives and on-air talent.

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Health-Care Office Building Financing

Commercial Real Estate Financing News + More: 'Lego Batman' producer today. Treasury secretary tomorrow? + MORE 02/13/2017

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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.

All that happy talk in Washington about getting tax reform done fast is already proving unrealistic.

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The company is putting its stamp on the city with an expanding array of unconventional experiments in bricks-and-mortar sales.

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To tackle Thailand’s mounting trash problem, one company is turning to the country’s plant life.

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Eric Trump says he can manage his father’s business without running afoul of ethical conflicts, according to a report in the New York Times.

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Steven Mnuchin had a pretty good weekend.

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Verizon is bringing back an unlimited data plan.

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Medical Practice Building Financing