Medical Office Building Financing News + More: Oscar nominee Asghar Farhadi may be kept from ceremony by Trump ban + MORE 01/29/2017

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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.

The Sinclair Lewis novel “It Can’t Happen Here,” about a gradual fascist takeover of the United States, has joined George Orwell’s “1984” on Amazon’s list of its best-selling books.

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Donald Trump and other supporters of the Keystone XL pipeline tout it as a major source of jobs.

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The Trump administration’s immigration ban means that an Oscar nominee, Asghar Farhadi, may not be able to attend the awards ceremony next month.

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