Stated Income Loan Programs
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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.
Singapore-listed GLP, the largest owner of logistics property in China, Japan and Brazil and the second-largest owner of industrial real estate in the United States behind San Francisco-based Prologis…