Stated Income Loan Solutions for Commercial Property

For commercial real estate professionals who lack the credit history to qualify for a traditional loan, a stated income commercial real estate loan could be an avenue of funding to help you get the investment property you want.

What is a Stated Income Commercial Real Estate Loan?

Stated income loans are based on the value of a piece of property instead of the individual credit status of the borrower. This means these loans are available to more people and require less documentation. It can also result in an accelerated loan process.

As long as the property value can cover the mortgage, taxes and insurance on the loan, a stated income commercial real estate loan can be used for many purposes including:

• Working capital
• Purchasing property
• Renovating property
• Consolidating debt

Qualifying properties can include multi-unit residential properties, industrial spaces and restaurants.

What Are the Benefits of a Stated Income Loan

You can qualify for a stated income commercial real estate loan with a minimal credit score of 600, which is much more lenient than many traditional loans. There are other benefits as well:

• Low, fixed interest rates
• Loan amounts as much as $500,000
• Up to 65% loan to value on offices, retail establishments, and industrial locations
• Up to 70% loan to value on investment properties
• Up to 75% loan to value on multifamily properties
• 25-year amortization
• Simplified application process and fast closing

Contact Us Today

The highly trained loan agents at Primo Commercial Finance are available to speak with you about a stated income commercial real estate loan today. We’ll walk you through the application process and ensure that you have your funds in hand in as little as two to three weeks. If your credit history has made finding a traditional loan difficult, a stated income loan could be the solution that your business needs.