Medical Office Building Financing News + More: Most valuable brands: 9 American and 1 from China + MORE 06/06/2017

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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.

Soon, Apple will introduce a new iPhone feature that will do away with that annoying — and dangerous — urge to look at a text message while you’re driving.

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China now has one of the world’s most valuable brands.

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Ch-ch-ch-ch-changes are sweeping through China’s beloved pastime of karaoke.

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King of retail Mickey Drexler is stepping down as J.Crew’s CEO.

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