Tuesday, August 20, 2013

Medical Commercial Real Estate Financing Information Here! + More News: Fire sale in Gary, Indiana: Homes for $1 + MORE 08/20/2013


Doctor Medical Building Financing – More Info Click Here!

Call BRT Financial @ 904-551-6090


Recall/Balloon Features

These terms are used by many banks to effectively shorten most commercial real estate loans to 3-7 years. Short-term loans (less than fifteen years)

15-40 year commercial property loans without recall/balloon features are available. Please note that processing/retainer fees are not included in this discussion of commitment fees. Processing/retainer fees should be viewed as an acceptable and standard business practice when dealing with commercial real estate loans.
China Everbright Securities shares tumbled 10% Tuesday as investors punished the company for executing fat-finger trading errors on back-to-back days.

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Prime Lot, Empty for Years (Yes, This Is Manhattan)The dormancy of a 6.4-acre parcel in Midtown Manhattan overlooking the East River is an enigmatic and confusing tale of ambition, infighting, personality conflicts and bad timing.    

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DealBook: To Cover New York, Zillow Buys a Rival SiteThe 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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The city of Gary, Ind., is running a real estate fire sale: A dozen homes for $1 each.

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Apple is accustomed to being the smartphone king, but in China, the iPhone is barely even an also-ran.

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DealBook: Re/Max Files for I.P.O. as Housing Market Continues UpswingRe/Max Holdings, one of the country’s biggest real estate brokerages, filed to go public on Monday, preparing to follow its rival Realogy Holdings onto the public markets.    

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Commercial Real Estate Financing Information Here! + More News: Fire sale in Gary, Indiana: Homes for $1 + MORE 08/20/2013

Monday, August 19, 2013

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


Commercial Real Estate Financing – Click Now!

Call BRT Financial @ 904-551-6090

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

Saturday, August 17, 2013

Doctors Get Commercial Real Estate Financing Information Here! + More News: GM to recall nearly 300,000 Chevrolet Cruze cars + MORE 08/17/2013


Commercial Real Estate Financing – Click Now!

Call BRT Financial @ 904-551-6090

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.
Read full story for latest details.
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This week’s People of Note includes the following markets: Minneapolis, Long Island, Atlanta, Houston, Dallas, Phoenix, Chicago, Orlando, Kansas City, New Jersey, South Florida, Los Angeles and New York City.
MINNEAPOLIS

Founders Finds New President, CEO

By Justin Sumner

Founders Properties LLC has promoted Wade Lau to president and chief executive officer…


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Stocks fell for a second consecutive week, with the Dow and S&P 500 dropping more than 2%. While losses like this have been rare so far this year, it’s pretty typical during the dog days of August.

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AOL announced plans Friday to cut 10% of its workforce, with staff from its Patch division bearing the brunt.

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Capital One Financial Corp. (NYSE: COF) announced it has agreed to acquire Beech Street Capital, one of the nation’s largest government-insured multifamily mortgage lenders.
Terms were not disclosed for the transaction expected to close in the fourth quarter.

Beech Street, founded in 2009, is an originator, underwriter and servicer of multifamily CRE loans and is one of the country’s largest providers of Fannie Mae, Freddie Mac and FHA loans…


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Commercial Real Estate Financing Information Here! + More News: GM to recall nearly 300,000 Chevrolet Cruze cars + MORE 08/17/2013

Friday, August 16, 2013

Look Here For Commercial Real Estate Financing! + More News: Trick yourself into boosting 401(k) contributions + MORE 08/16/2013


Medical Building Loans For HealthCare Professionals- Click Here!

Call BRT Financial @ 904-551-6090

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.



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Dow drops 225 points


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Add Facebook to the large list of companies hoping to crack the mobile payments nut.

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Commercial Real Estate Financing Information Here! + More News: Trick yourself into boosting 401(k) contributions + MORE 08/16/2013