I am going to give you my opinion of what it means, what it doesn’t mean, and my opinion about the potential outcomes.What It MeansAccording to the factual information that I have acquired, there is only one large impact to the way we do business today.

All commercial loans will now have new covenants if borrowers do not provide timely personal financial statements, personal tax returns, business tax returns, rent rolls (if applicable) timely.Personal financial statements and rent rolls (if applicable) are due within 60 days of the expiration date of the personal financial statement.

I recently launched my co-hosting business and have been researching the markets in San Diego daily to be as prepared as possible for my first clients.

They can be leveraged with commercial real estate loans that use the DSCR metric for evaluation; however, these are not under the “DSCR loan” product bucket.DSCR loans are for “business purpose,” only meaning that the owner of the property can not live in the property under any circumstances.

HI Robert, I live and operate a few RE related business out of the Westerville area.

Secondly, who cares what the ownership splits are if the gain can't be realized because the values are propped up/can't meet projections, the sponsor cannot execute on the business plan or the fee structure severely eats into the distributable cash when the realization event actually occurs.

@Emily Anderson look up Anderson Business Partners on their website and YouTube. 

A personal loan (business line of credit, cash advance, loan from a friend, etc) cannot be used as a down payment with a lot of the lenders I work with since these loans are not secured by real assets. 

The Attorney that wrote up the contract does business in SA and Austin.

I’m marketing my business proscopeatl dot com, I’m brand new to this group also and don’t quite have the do’s and dont’s figured out for posting my website.