Secure Commercial Real Estate Financing With a Stated Income Loan

If you are looking for financing for your commercial real estate project, you may have had difficulty getting approved. You may also have discovered how slow and paperwork-heavy the process can be. The solution for you may be a stated income commercial real estate loan. This alternative type of financing has some significant benefits over a conventional loan.

Benefits of a Stated Income Commercial Real Estate Loan

A stated income loan is more focused on the real estate than the borrower. This has some substantial advantages:

• Easier Approval: If the real estate in question is sufficiently valuable to cover the mortgage, taxes and insurance, you are likely to be approved. This makes it a great option for borrowers with poor credit or existing mortgages.
• Faster Funding: Only basic paperwork is required to apply for a stated income loan. Additionally, the approval process is simplified and streamlined. That means that you can get funding faster. This is ideal for time-sensitive opportunities that you don’t want to miss.
• Many Uses: You can use funds from a stated income loan for a variety of business purposes. These include purchasing the building, renovating, refinancing and debt consolidation. The funds are not as restricted as with a conventional mortgage.
• All Properties Welcome: Stated income loans can be used on many different types of buildings. Whether you are in office buildings, warehouses, investment residences, restaurants or any other business, you can get a loan if the property qualifies.

The Basics of the Loan

If a stated income loan sounds like a good option for you, these are some of the basics you need to know:

• Qualifying credit scores as low as 600
• 25-year, amortized loans with fixed rates
• High loan-to-value amounts, especially for multi-unit residences
• Large loan amounts available

Learn More

Get started on the road to real estate success. Contact Commercial Capital Finance today to learn more about our stated income commercial real estate loans.