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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.

Dropbox has signed a lease for 100% of the office space in Kilroy Realty Corp.’s The Exchange on 16th project in a deal that represents the largest single office lease ever signed in San Francisco.

The file hosting service and leading global collaboration platform agreed to a 15-year lease for 736,000 square feet within the 751,242-square-foot, four-building project currently under development along the 16th St…

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It looks like the NFL won’t require players to stand for the National Anthem, and President Trump isn’t happy about it.

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Bank branch consolidations have quickened over the last two years as customers continue to embrace digital banking. Simultaneously, the number of new branch openings continues to fall. But analysts view this as part of a larger shift in how retail branches are being utilized by customers and where those brick-and-mortar institutions need to be located…

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A year after acquiring a nearly $1 billion portfolio of suburban office properties, Horsham, PA-based Workspace Property Trust on Monday filed to raise up to $100 million through an initial public offering.

Workspace Property, which first filed a confidential S-11 registration statement on June 30, plans to list on the New York Stock Exchange under the symbol WSPT, selling an undisclosed number of common shares in the IPO at a to-be-determined…

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Treasury Secretary Steven Munchin, speaking on the eve of the 30th anniversary of the 1987 market crash, predicted stocks will plunge if Congress fails to overhaul taxes.

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