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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.

Take the pain out of work

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JPMorgan to stop making student loans

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Wal-Mart protesters arrested as demonstrations return

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Protests against Wal-Mart returned in cities across the country on Thursday, with 21 demonstrators arrested at a rally in Los Angeles.

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Parallel Acquires Urban Towers In Irving For $125M

– costar.com/News

A joint venture consisting of San Diego-based Parallel Capital Partners and Angelo, Gordon & Co. out of New York obtained the 850,000-square-foot Urban Towers at 222 Las Colinas Blvd. in Irving, TX from CB Richard Ellis Strategic Partners U.S. for $125 million, or about $148 per square foot.The complex consists of two Class AA high-rise office towers situated on 11…

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