Medical Office Building Financing News + More: Mark Zuckerberg criticizes Trump on immigration + MORE 01/28/2017

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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.

A ticket selling scam featuring the Broadway hit “Hamilton” — where resold tickets can go for thousands of dollars — bilked investors out of tens of millions of dollars, a federal complaint charged Friday.

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Mark Zuckerberg has decided to speak up against President Trump.

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Billionaire buddies Warren Buffett and Bill Gates held court at a Q&A hosted at Columbia Business School Friday.

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Look around, look around because Angelica, Eliza… and Peggy are going to the Super Bowl.

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