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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 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…
Square Feet: A Waking Giant or a Monster? Developers Eye Once-Sleepy Napa
– nytimes.com/services
Recent Commercial Real Estate Transactions
– nytimes.com/services
Meet Jeff Jobe, White House Skype questioner
– rss.cnn.com
Fox News apologizes for erroneous Quebec terror tweet
– rss.cnn.com