Commercial Real Estate Financing News + More: Uber pushes back on Trump's order after #DeleteUber starts trending + MORE 01/30/2017

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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.

General Electric CEO Jeff Immelt says he shares the “concern” felt by his employees over President Trump’s executive order banning travel from seven Muslim majority countries.

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Starbucks says it plans to hire 10,000 refugees over five years in the 75 countries where it does business.

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Delta was hit by a crippling computer outage on Sunday night that disrupted flights around the nation.

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Office property owners in New York’s suburbs are working to attract millennial workforces with amenities like restaurants, hiking trails, fitness clubs and natural lighting.

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Uber pushed back against President Trump’s immigration ban, after taking serious heat on social media for its initial response.

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