Commercial Real Estate Financing News + More: At a Rebuilt World Trade Center, a Friendship Fades + MORE 09/12/2016

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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.

High-rises, townhomes and a public river walk are planned for an undeveloped area south of Chicago’s downtown Loop in a project breaking ground Monday, adding to a frenzy of construction along the waterway.

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Frank Lowy and Larry Silverstein’s interests were aligned when they bought the lower Manhattan complex, but they diverged during its rebuilding.

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An office complex in Hackensack, N.J., hit hard by the financial crisis has been acquired by the family that developed the three buildings about a half-century ago.

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Updated Posts

Commercial Real Estate Financing News + More: Office Lease Up (November 14) Select Comfort Leases 211,000 SF at AMEX Minneapolis + MORE 11/14/2016

Select Comfort, the manufacturers of Sleep Number beds, has signed a new office lease for 211,000 square feet in the AMEX Minneapolis office building at 1001 S. 3rd Ave. in Minneapolis, MN. The tenant plans to relocate its headquarters from suburban Plymouth, MN in October 2017 to this downtown .... More »

Commercial Real Estate Financing News + More: Six Flags Nixes Plans for Theme Park REIT; La Quinta Says Maybe + MORE 04/07/2017

Once considered a sure-fire strategy for 'unlocking' value in corporate-owned real estate paired with tax advantages, the number of non-traditional real estate firms opting to pursue REIT conversions continues to slow. Late last week, Six Flags Entertainment Corp. (NYSE: SIX), the world’s larg.... More »

Commercial Real Estate Financing News + More: Tommy Hilfiger Signs 200,000-SF HQ Lease at 285 Madison Ave + MORE 02/08/2017

PVH Corp. has signed a new 200,000-square-foot office lease to relocate its multinational luxury apparel label Tommy Hilfiger to 285 Madison Ave. in New York City. Tommy Hilfiger, which designs and manufactures high-end apparel for men, women and children as well as a wide-range of licensed produ.... More »