Nation-Wide Commercial Real Estate Financing News – 904-551-6090 + More: German election; More NAFTA and Brexit talks; Tax reform + MORE 09/24/2017

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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.

When President Trump lashed out at players who kneel during the national anthem, he took aim at an organization that he’s clashed with on multiple occasions.

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The business moguls who control the NFL are siding with their players over President Trump.

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1. Germany’s election: Angela Merkel is expected to win a fourth term as German Chancellor. She goes against Martin Schulz of the Social Democratic Party in Sunday’s election.

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