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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.
Starwood expects to build new hotels for most of planned properties, targeting “walkable” locations with nearby dining, retail and entertainment areas in major cities or central locations in smaller markets…
Citi returns to Saudi Arabia with a woman in charge
– rss.cnn.com
Square Feet: ‘A Different Los Angeles’: The City Moves to Alter Its Sprawling Image
– nytimes.com/services
China is crushing South Korea's tourism industry
– rss.cnn.com
Credit Suisse is raising $4 billion
– rss.cnn.com
A Hamptons Hotel Taps Into Rhode Island’s Beach Scene
– nytimes.com/services