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Stated Income Loan Programs
Call BRT Financial @ 904-551-6090
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 federal investigation stemming from sexual harassment allegations made against former Fox News chief Roger Ailes took a dramatic turn on Tuesday with a report that prosecutors have offered a former network executive immunity.
Recent Commercial Real Estate Transactions
– nytimes.com/services
Recent commercial real estate transactions in New York City.
Donald Trump took aim Tuesday at one of President Obama’s signature efforts on climate change: rules designed to make power plants cleaner.
The leader of a group that represents the world’s major airlines just blasted the new laptop restrictions put in place by the United States and the United Kingdom.
Deep-red Kansas lawmakers agree to expand Medicaid
– rss.cnn.com
Republicans in Congress may be trying to kill Obamacare, but that hasn’t deterred Republicans in Kansas from pursuing one of the health reform law’s chief provisions: expanding Medicaid.
Square Feet: To Address Affordable Housing Shortage, Restoring 19th-Century Homes
– nytimes.com/services
In Apalachicola, Fla., residents are divided over how to solve a lack of affordable housing. Some advocate converting early examples of African-American architecture.