Take Advantage of a Stated Income Commercial Real Estate Loan

Are you tired of being turned down for loans because of shaky credit history or the complete lack of one? Do you dislike applying for loans because of the extensive application process and mass amounts of paperwork? Do you wish there was an easier way to borrow money? Fortunately, there is. Talk to Lendis Financial about our stated income commercial real estate loans today.

The Basics of a Stated Income Loan

A stated income loan can be used for any number of reasons, including improving the property, purchasing property, consolidating debt, building working capital, and refinancing. To decide whether this type of financing is ideal for your business, consider the following:

Fixed rates for up to 25 years
Great for just about any property type
The qualifying credit score of 600
W-2 or self-employment documentation
Loans of up to $500,000
Loan-to-value rate of up to 75% for properties that contain five or more units and that are for mixed-use or multiple families
An LTV of up to 70% for investment properties of between one to four units that are not occupied by owners
Up to 65% LTV for auto service, office, retail, warehouse, and self-storage properties

How a Stated Income Commercial Real Estate Loan Differs

A stated income loan differs from a traditional loan in that when you apply, lenders look toward the value of the property in question as opposed to your credit history. The value of the property must be able to cover the mortgage, insurance, and taxes of the loan. Because the only documentation you need to provide when applying is the property assessment, approval for stated income loans typically happens much more quickly than it does with traditional loans.

Contact Us Today

Are you interested in acquiring a stated-income commercial real estate loan? If so, reach out to Lendis Financial today. You could be closing in as little as two weeks!