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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.

Bulletproof whiteboards are university's answer to school shootings

– rss.cnn.com

As school shootings continue to make headlines, a new line of defense has emerged: bulletproof whiteboards.

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Capital Markets Report: Oaktree Capital Securitizes Non-Performing Loans

– costar.com/News

Oaktree Capital Management, has securitized a portfolio of non-performing loans, real-estate-owned properties, and performing loans LP it acquired from seven financial institutions for $340.8 million. The portfolio has an aggregate unpaid principal balance (UPB) of $739.8 million.
Kroll Bond Rating Agency assigned a ‘BBB- (sf)’ preliminary ratings to Class A of the ORES, Series 2013-LV2 transaction…

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As Amazon Stretches, Seattle’s Downtown Is Reshaped

– nytimes.com/services

Jeffrey P. Bezos, Amazon’s founder, is helping remake the corporate giant’s hometown with an ambitious plan for a new headquarters, one of the biggest development projects in city history.

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Cancer drug industry sees $10 billion merger

– rss.cnn.com

Looking to get a stronger footing in the cancer drug market, Amgen, the world’s largest biopharmaceutical company, has struck a deal to buy Onyx Pharmaceuticals for $10.4 billion.

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