Thursday, September 12, 2013

Commercial Real Estate Financing Information Here! + More News: Multifamily Assets Growing For The Commercial Market + MORE 09/10/2013


Health-Care Office Building Financing - More Info Here!

Call BRT Financial @ 904-551-6090

Tax Returns versus Stated Income!
Most traditional banks will require several years of tax returns in order to qualify for a commercial real estate loan. The alternative is to use a Stated Income lender that does not verify personal income or assets. Many borrowers will simply not qualify for a commercial mortgage loan if tax returns are used due to high business expenses (and low net income). Many lenders using tax returns will also continue to verify income after the loan closes. Stated Income lenders will not engage in this practice.
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It's been debated since at least the days of the Luddites: Does technology create or destroy jobs?

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In a sweeping reshuffle of its portfolio property mix, Inland American Real Estate Trust has found a buyer for a huge chunk of its multifamily portfolio. Charleston, SC-based Greystar Real Estate Partners is purchasing a $460 million portfolio of multifamily assets from the Chicago-based REIT. The purchased portfolio consists of 14 institutional apartment communities, or 4,371 units throughout markets with exposure to the growing domestic energy...

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Hong Kong-based Gaw Capital Partners has created a new U.S. entity, Gaw Capital U.S. to manage new real estate funds and provide investment advisory. Meanwhile, Gaw Capital Partners' existing U.S. associate, Downtown Properties, will continue to co-exist alongside Gaw Capital U.S. as its asset management partner...

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HFF arranged a $580 million refinancing secured by the Miracle Mile Shops, a 501,522-square-foot elite mall located in the epicenter of the Las Vegas Strip. Claudia Steeb, Manny de Zarraga, Barry Brown, Gerry Rohm, and Bryan Levy with HFF arranged the 10-year, fixed-rate CMBS loan led by Cantor Commercial Real Estate, with JP Morgan and Citigroup participating...

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Total nonfarm payroll employment increased by 169,000 in August, and the unemployment rate was little changed at 7.3%, the U.S. Bureau of Labor Statistics reported. Employment rose in the retail trade and health care but declined in the information sector. Retail trade added 44,000 jobs in August and has added 393,000 jobs over the past 12 months...

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