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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.
Busting the 5 myths of college costs
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LOS ANGELES
Olofson Promoted to Executive Vice Chairman at Cushman & Wakefield
By Jooyoung Kim
Cushman & Wakefield, the international, privately-held commercial real estate services firm, announced the promotion of Eric Olofson to executive vice chairman.
Olofson has managed Cushman & Wakefield’s West Los Angeles office since 1999 and has been the company’s top-producing broker for the U…
Olofson Promoted to Executive Vice Chairman at Cushman & Wakefield
By Jooyoung Kim
Cushman & Wakefield, the international, privately-held commercial real estate services firm, announced the promotion of Eric Olofson to executive vice chairman.
Olofson has managed Cushman & Wakefield’s West Los Angeles office since 1999 and has been the company’s top-producing broker for the U…
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What Nasdaq technical glitch? The big story on the Nasdaq Friday: Microsoft’s stock soared following news that its CEO Steve Ballmer will retire within the next 12 months.
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Commercial Real Estate Financing Information Here! + More News: GM to return to Super Bowl advertising in 2014 + MORE 08/24/2013
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