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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.
Coral Gables Office Campus Sells for $100.8M
– costar.com/News
Banyan Street Capital and Oaktree Capital Management LP acquired Douglas Entrance, the landmark office campus at 800 S. Douglas Rd. in Coral Gables, FL, from Pearlmark Real Estate Partners for $100.75 million, or about $216 per square foot.”While investment appetite for Coral Gables office product has always been strong, the resurgence of office market fundamentals has taken the appeal of Coral Gables real estate to another level,” said Christian…
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Google just beefed up the security of Gmail to make mass surveillance of its customers’ email nearly impossible. It’s not quite NSA-proof, but it’s close.
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Brickman has acquired the industrial building at 47-25 34th St. in Long Island City, NY from a pair of Tenants In Common (TIC) investors managed by BLDG Management Co., Inc. for $60 million, or about $186 per square foot.The sale comes just 13 months after the sellers acquired the asset in February 2013 for $40…
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The U.S. targeted Russian President Vladimir Putin’s personal banker and other close associates with sanctions Thursday, and warned Moscow it would go after key sectors of the economy if it escalates the crisis in Ukraine.
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On second thought, maybe she didn’t mean six months? Investors jumped back into the stock market Thursday as they reconsidered what Federal Reserve chair Janet Yellen said Wednesday in her first official press conference.
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Medical Office Building Financing Information Here! + More News On Health-Care Office Loans + MORE 03/20/2014
Notable properties that have been recently listed for sale, sold or leased.