Is a Stated Income Commercial Real Estate Loan Right for You

A stated income commercial real estate loan is very different from most loans you’ve probably received before. While many loans are associated with stacks of paperwork, a stated income loan is much more reasonable and has very little required paperwork. Other differences include the fact that a stated income loan is based on property value rather than cash flow and credit. A stated income loan is almost always approved very quickly, while traditional loans can take days or potentially longer to receive.

Loan Details

It’s easy to apply for a stated income loan and equally easy to qualify for it. Once approved, you’ll be on the receiving end of the following:

• Low, fixed rates
• Amortized loans up to 25 years
• Loan amounts as high as $500,000 (depending on qualifications)
• Up to 65% to 75% loan-to-value for specific, qualifying properties

Once the money is in your hands, it’s truly yours to use in any way you want. Some borrowers choose to put it toward purchasing property, while others use it to improve the property they already own. You can also use it as a source of working capital so you have more flexibility to grow your business the way you want. You don’t need an exceptionally high credit score to qualify for this loan, but you do need a minimum score of 600. For most people, this is very achievable.

It doesn’t matter to us if you deal in real estate or warehouses. As long as the value of the property is sufficiently high, we’ll give you approval for a stated income commercial real estate loan.

Contact Us

We’d love to discuss the details of our various loan products with you. To learn more about our stated income options as well as our other real estate financing solutions, please contact us today. We are excited to help you close in as little as two weeks!