Friday, August 9, 2013

Commercial Real Estate Financing Information Here! + More News: Hundreds of Patch news websites could get axed + MORE 08/09/2013


Health-Care Office Building Financing – More Info Here!

Call BRT Financial @ 904-551-6090

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.
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The bull must be on summer vacation. Stocks ended the week with losses.
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It’s been a rough year for investors in J.C. Penney.


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This week’s People of Note includes the following markets: Phoenix, Southern California, Indianapolis, Chicago, New York City, Houston, San Francisco, Southwest Florida, and Pittsburgh.
PHOENIX

Velocity Appoints Coxon to COO

By Justin Sumner

Velocity Retail Group has appointed Greg Coxon to chief operating officer of the firm and its affiliated development company, Accelerated Development Services…



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Yahoo spent about a billion dollars on Tumblr, CEO Marissa Mayer’s biggest acquisition to date. As it turns out, 75% of that cost was for the social blogging site’s cachet with the young techy set.


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Commercial Real Estate Financing Information Here! + More News: Hundreds of Patch news websites could get axed + MORE 08/09/2013

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