Medical Office Building Financing News + More: Jaguar reveals I-Pace, an electric SUV + MORE 11/15/2016

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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.

IBM CEO Ginni Rometty wants to help President-elect Donald Trump create new jobs in America.

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Donald Trump won the election, but he’s about to lose the Trump name that adorns three glitzy New York high rises.

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Jaguar revealed a 400 horsepower all-electric concept SUV Monday night ahead of the Los Angeles Motor Show. A production version is expected to be available some time in 2018.

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