Successfully Refinance or Buy Commercial Real Estate
Consider a stated income commercial real estate loan if you’re in need of a viable alternative to a traditional commercial loan. Stated income loans are ideal for business owners who desire to purchase or refinance commercial real estate. Customer Credit Finance is here to help you expand your business capabilities as efficiently as possible.
Understanding Stated Income Commercial Real Estate Loans
With this type of loan more focus is placed on the real estate property rather than your credit history. One of the advantages of stated income financing compared to a traditional commercial loan is that you’ll be approved much faster since there aren’t as many documents for you to deal with.
In order to qualify for our stated income program, the property’s income value has to adequately service the taxes, mortgage and insurance. Additional loan guidelines include:
- W-2 or self-employed
- Refinance, purchase and cash-out refinance
- $100K to $5M
- A credit score of 600 to qualify
- Up to 65% LTV for retail, warehouse, office and auto service
- Up to 70% LTV for one- to four-unit non-owner occupied investment properties
- Up to 75% LTV for 5+ unit multifamily and mixed use
Examples of commercial properties that can be successfully financed with our stated income loan include restaurants, retail real estate, office real estate and apartment buildings.
For more information about our stated income commercial real estate loan program or any of our other commercial financing programs, we encourage you to contact a Customer Credit Finance representative today.