Commercial Real Estate Financing News + More: Recent Commercial Real Estate Transactions + MORE 02/01/2017

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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 Miami-Dade County Commission voted 10-1 for preliminary approval of American Dream Miami, a proposed $3 billion “retail theme park” in northwest Miami to be developed at the Florida Turnpike and Interstate 75.

The proposal by Triple Five Group, a Canadian development firm owned by the Ghermezian family, would create the largest mall and amusement park in North America, with a nearby mixed-use commercial center developed by Graham Cos…

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The nation’s airlines scrambled to comply with President Trump’s decree on immigration, but have also struggled with how — or if — to respond publicly.

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Tourists heading to wine country used to bypass Napa Valley’s largest city. Now a number of multimillion-dollar projects aim to attract them.

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Recent commercial real estate transactions in New York City.

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Amid pressure from the Canadian prime minister, Fox News has apologized for a tweet that inaccurately identified the suspect in Sunday night’s Quebec mosque terror attack as a man of Moroccan origin.

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