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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.
U.S. stocks gave up early gains Thursday as the summer doldrums set in.
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Hilton Worldwide, the hotel giant that the Blackstone Group bought in 2007 for $26 billion, has begun preparations for an initial public offering, people briefed on the matter said Wednesday.
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Commercial Real Estate Financing Information Here! Tesla aces its first crash test + MORE 08/08/2013
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