Saturday, August 10, 2013

Commercial Real Estate Financing Information Here! + More News: Report: Two Ex-JPMorgan employees to be arrested in London Whale; investigation + MORE 08/10/2013


Medical Building Loans For HealthCare Professionals- Click Here!

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.





This week’s People of Note includes the following markets: Phoenix, Southern California, Indianapolis, Chicago, New York City, Houston, San Francisco, Southwest Florida, and Pittsburgh.
PHOENIX

Velocity Appoints Coxon to COO

By Justin Sumner

Velocity Retail Group has appointed Greg Coxon to chief operating officer of the firm and its affiliated development company, Accelerated Development Services…


Continue Reading On costar.com/News »





Commercial Real Estate Financing Information Here! + More News: Report: Two ex-JPMorgan employees to be arrested in 'London Whale' investigation + MORE 08/10/2013

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