Stated Income Commercial Real Estate
Purchase Commercial Real Estate With a Stated Income Loan
How many times have you struggled with the mounting paperwork or deep dives into your credit history to get approval for a loan and keep working? Traditional loan programs often burden the borrower with never-ending requests and clarifications, putting a prospective property in jeopardy. Instead of wading through the paperwork and waiting for a denial, consider applying for our stated income commercial real estate loan program.
Stated Income Is More Advantageous Than Conventional Loans
Conventional loan programs typically put the borrower through the wringer. The level of scrutiny that traditional institutions have to go through to approve a loan is astronomical compared to a private lender.
Stated income loans, like those we offer, do not require the same level of scrutiny or regulatory Interference. We also don’t require borrowers to have a pristine credit score. Our loan decisions for stated income programs are typically based on the property value. As long as the property’s value can maintain the mortgage, fees, and interest of the loan, borrowers can normally expect approval within 24 hours. However, that approval does require a minimum credit score of 600.
Advantages of a Stated Income Loan
Stated income loans are versatile funding options. With our loan program, you can use the capital to make purchases, refinance property, or consolidate debt. Beyond the flexibility of the loan, the structure of the program is beneficial.
- 25-year amortization
- Fixed rates
- Loan limits, as much as $500,000
- Up to 65% LTV for retail, self-storage, auto, office, and warehouse properties
- Up to 70% LTV for investment properties, non-owner-occupied
- Up to 75% LTV for mixed-use properties or multi-family units
Contact Us for More Information
It is not uncommon for businesses to need a loan for a real estate purchase. Unfortunately, it is common for businesses to be rejected by traditional lending institutions. Here, at Masters Commercial Capital Group, we strive to help as many businesses as possible. if you would like to apply for a stated income loan, contact one of our representatives and begin the application process.