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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.
Treasury Secretary Steven Mnuchin sent a letter this week to Congress warning that the United States is about to reach its legal borrowing limit by next Thursday.
New RadioShack Owners Putting Chain Back in Bankruptcy
– costar.com/News
While the February 2015 Ch. 11 reorganization of RadioShack is still winding its way through bankruptcy court, the new owners who acquired the assets of the electronics retail chain and took over about 1,500 of its stores, filed for its own Ch. 11 reorganization yesterday.
General Wireless Operations Inc…
President Trump’s pledge to unleash $1 trillion in infrastructure spending is generating a flurry of lobbying from an alphabet-soup list of trade groups whose members are jockeying to reap potentially huge benefits.
Mark Zuckerberg and wife Priscilla Chan are expecting another baby girl.
Short Sellers Target Mall REITs
– wsj.com
Bearish bets on retail-focused real estate investment trusts have risen, reflecting short sellers’ belief that mall landlords will struggle.
Fox News still hounded by sexual harassment allegations
– rss.cnn.com
More than seven months after the ouster of Roger Ailes, Fox News is still scrambling to deal with sexual harassment allegations against executives and on-air talent.
