Commercial Office Building Nation-Wide Financing News – 904-551-6090 + More: German election; More NAFTA and Brexit talks; Tax reform + MORE 09/24/2017

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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.

1. Germany’s election: Angela Merkel is set to win a fourth term as German Chancellor. She went against Martin Schulz of the Social Democratic Party in Sunday’s election.

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President Trump this weekend attacked the National Football League and its players who protest during the national anthem.

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ESPN confronted the politics of Trump and race head-on Sunday.

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