Medical Office Building Financing News + More: Wells Fargo fallout: Execs reshuffled, 3 managers out + MORE 03/09/2017

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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.

President Trump’s pledge to unleash $1 trillion in infrastructure spending is generating a flurry of lobbying from an alphabet-soup list of trade groups whose members are jockeying to reap potentially huge benefits.

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Wells Fargo is still trying to clean up its fake account mess.

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More than seven months after the ouster of Roger Ailes, Fox News is still scrambling to deal with sexual harassment allegations against executives and on-air talent.

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Treasury Secretary Steven Mnuchin sent a letter this week to Congress warning that the United States is about to reach its legal borrowing limit by next Thursday.

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Mark Zuckerberg and wife Priscilla Chan are expecting another baby girl.

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