Stated Income Commercial Real Estate

Gain Working Capital With a Stated Income Commercial Real Estate Loan

If you own a piece of valuable commercial property and you are looking for an alternative to traditional loans, a stated income commercial real estate loan could be right for you. Lenders give more weight to the value of the property than they do to your personal credit, meaning you may qualify despite some blemishes on your credit report.

Basic Requirements

Successful applicants will have a credit score of at least 600, with a credit score over 700 for increased loan-to-value (LTV) ratios. The value of the property must be sufficient to cover taxes and insurance, as well as the mortgage. Applicants must provide self-employment documentation or W-2 forms to qualify. Several property types are eligible for this type of loan, including restaurants, real estate, apartments and warehouses.

Other Terms and Requirements

Find Your Next Loan offers stated income commercial real estate loans with the following terms:

  • Loan amounts up to $500,000
  • Amortized loans with fixed interest rates
  • 25-year repayment terms
  • Up to 65% LTV for self-storage, office, warehouse, retail, and auto service properties
  • Up to 70% LTV for non-owner occupied investment properties with one to four units
  • Up to 75% LTV for mixed use and multifamily properties of five or more units, with a credit score of 700 or better
  • Closing in two to three weeks

These loans can be used for almost any type of commercial property, provided the basic requirements are met. Use the money to consolidate debt, make essential purchases, or refinance an existing loan. There is less paperwork for stated income commercial real estate loans than there is for traditional loans, which helps streamline the application process.

Contact Us

Reach out to Find Your Next Loan to get more details about our stated income commercial real estate loans. One of our financial experts will analyze your company’s needs and make recommendations based off of your financial profile.