Commercial Real Estate Financing News + More: KFC promises to ditch to antibiotic-laden chicken + MORE 04/09/2017

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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.

The wall along the Mexican border doesn’t have to be made of boring concrete slabs.

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New York is close to giving the final OK to tuition-free college.

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It’ll still be deep fried, but KFC wants to make its chicken a little healthier.

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