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Stated Income Loan Programs
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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.
Russia has bailed out two major banks in under a month
– rss.cnn.com
Detroit Billionaire Unveils $2.1B Plan for 'Transformational' Motor City Downtown Developments
– costar.com/News
Bedrock, one of the ventures under Gilbert’s Rock Ventures LLC holding company, unveiled the $2…
In Mixed Period for Hotel Sector, Procaccianti Launching REIT
– costar.com/News
The move comes at a time when lodging REITs have fallen a bit out of favor with investors, even as hotels continue to grow occupancy and room rates.
According to its initial filing, Procaccianti Hotel REIT will seek to acquire a diverse portfolio of existing select-service, extended-stay, and compact full-service…
Wall Street loves the Fed and Janet Yellen
– rss.cnn.com
