Medical Office Building Financing News + More: Trump's old Ferrari sells at auction for record $270,000 + MORE 04/03/2017

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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.

1. Jobs report: On Friday, the U.S. Labor Department will release its March jobs report. It’s yet another glimpse at President Trump’s key promise: “Jobs! Jobs! Jobs!” as it put it in a tweet last week.

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The White House has made public the financial disclosure forms of about 180 staffers.

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A Ferarri once owned by President Trump was sold at auction this weekend at a record $270,000.

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If Bill O’Reilly weren’t the biggest star at Fox News, would he still have a job at Fox News?

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