Funding Growth With Stated Income Commercial Real Estate Loans
When you are working to build your real estate portfolio into a business in its own right, you need to be able to move money easily between parts of the system that is your total current property holdings. That’s one of the few things that the myriad of traditional commercial real estate financing products does not make easy, but that is all right. Stated income commercial real estate loans exist precisely because this is a niche that needs to be filled, and they are designed to work with your real estate business to help you maximize opportunity.
How Stated Income Loans Are Built
When you apply for a stated income loan, the basis of the application is the building’s earning potential. That makes it a bit different from traditional loans, a bit more like a business loan. The cash is also more flexible than you will find with traditional real estate loans, so you can easily use a couple of buildings to fund a major project. This flexibility also lets you select your best and most profitable properties, so it works well for risk management as you grow.
Program Parameters
- Financing for those with a credit score of at least 600
- W-2 or self-employment verification
- Up to 65% LTV for office buildings, storefronts, and other commercial properties
- Up to 70% LTV for 1-4 unit non-owner occupied residential buildings
- Up to 75% LTV for 5+ unit buildings that owners do not occupy
Finance your next purchase, perform a cash out refinance, or use the money to improve your property.
Contact Us
1st Industrial Commercial Lending and Consulting associates are ready to talk to you about how stated income loans can help you reach your goals and how they work with other methods of financing properties to build a balanced portfolio. Contact us for more information or to start an application.