Monday, August 19, 2013

Find Commercial Real Estate Financing Information Here! + More News: Ferrari sells for record $27.5 million + MORE 08/19/2013


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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.
The markets were looking calm ahead of the opening bell Monday, as investors take a breather after two weeks of losses.
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Investors will be looking toward the Federal Reserve, corporate earnings and housing data to revive markets this week, after two consecutive weeks of losses.

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Authorities are investigating whether JPMorgan Chase’s Chinese offices hired young workers from prominent Chinese families that in turn offered the bank business.

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State regulators have identified China Everbright Securities as the source of a dramatic surge in the Shanghai Composite that unsettled investors last week.

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The real estate Web site Zillow will acquire StreetEasy, a much smaller site, for about $50 million to patch what it described as a “glaring hole” in its coverage.    

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Commercial Real Estate Financing Information Here! + More News: Ferrari sells for record $27.5 million + MORE 08/19/2013

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