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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.
New innovators face backlash
– rss.cnn.com
They call it a backlash against innovation.
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“Offices are so last century,” says Marten Mickos, CEO of cloud software maker Eucalyptus Systems. Having everyone in one location “was really an invention of the Industrial Revolution. It’s much more natural for people to work where they live.”
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Sacramento Kings Announce Architect for New NBA Arena
The NBA’s Sacramento Kings announced that AECOM will serve as lead architect for a planned $448 million downtown entertainment and sports complex.
AECOM is responsible for design of the London 2012 Olympic Park and is also designing the Rio de Janeiro 2016 Olympic Park…
The NBA’s Sacramento Kings announced that AECOM will serve as lead architect for a planned $448 million downtown entertainment and sports complex.
AECOM is responsible for design of the London 2012 Olympic Park and is also designing the Rio de Janeiro 2016 Olympic Park…
Continue Reading On costar.com/News »
A former JPMorgan banker charged with concealing massive losses related to the bank’s ‘London Whale’ trade has been arrested in Spain.
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World stock markets fell Tuesday as investors worried about a possible U.S. military strike against Syria over its suspected use of chemical weapons.
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Colombians already grow Starbucks’ medium roast, but soon they’ll be buying it at their own local stores.
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Commercial Real Estate Financing Information Here! + More News: Starbucks expanding to Colombia + MORE 08/27/2013
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