Commercial Real Estate Financing News + More: Feeling lucky? There's a $535M Powerball drawing tonight + MORE 08/19/2017

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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.

Volkswagen will revisit its Microbus history, but with a twist.

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James Bond’s favorite car company just made a splash on the auction scene.

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Here’s a bit of good news: There’s a half-billion dollar lottery prize up for grabs.

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It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Chicago, San Francisco, Boston, Northern New Jersey, Washington DC, Los Angeles, New York City, Atlanta, Minneapolis, Seattle, Salt Lake City, Las Vegas, Toronto, Austin, Dallas / Ft…

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Suburban office markets with emerging ‘urban-style’ live-work environments and good transportation access are gaining increasing cachet among investors and cost-conscious office users, according to a new survey of the nation’s 25 largest suburban markets by CBRE Group, Inc.

As office prices and rental rates rise in the nation’s CBDs, certain “urban-suburban” districts may offer investors opportunities at lower prices, according to CBRE, noting…

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Tuesday’s Commerce Department report of a major boost in U.S. retail sales in July, combined with a stronger-than-expected jobs report earlier this month, suggests that the U.S. economy continued its slow but steady expansion in the third quarter.

Usually, record highs in the stock market, strong economic indicators and stable fundamentals across U…

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