Medical Office Building Financing News + More: Elon Musk to Trump: Ditch Paris deal and I'll quit as your adviser + MORE 05/31/2017

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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.

Start the countdown: President Trump’s team can officially start trade talks with Canada and Mexico on August 16 to renegotiate NAFTA.

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GM announces more layoffs

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General Motors is cutting factory jobs again.

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Wikileaks founder Julian Assange told CNN on Wednesday that he is exploring the possibility of guest hosting conservative personality Sean Hannity’s nationally-syndicated radio show after Hannity offered him the opportunity to fill in.

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Elon Musk says he’ll step down from President Donald Trump’s advisory councils if he decides to withdraw from the Paris climate agreement.

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Sean Spicer isn’t taking your questions.

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