Is Stated Income Loan Be Right for Your Commercial Real Estate?

When you are looking for financing for your commercial real estate project, you may run into many obstacles. The most common problem is that it is hard to get approved if you have a less-than-perfect profile. Another common issue is that it is a slow-moving experience that can hamper time-sensitive opportunities. Fortunately, a stated income loan may be the solution you need.

What Is a Stated Income Commercial Real Estate Loan?

Unlike a conventional mortgage, a stated income loan focuses on the value of the property. Rather than evaluating whether you have the credit and income to cover the payments, the approval process for a stated income loan examines whether the building can generate that value. If it is enough to cover the mortgage, insurance and taxes, there is a high chance you will be approved.

This has the added benefit of involving much less documentation. There is less need to prove your financial situation. Therefore, the approval process is often significantly faster. If you have an opportunity to buy, renovate or refinance a property and need to move quickly, a stated income commercial real estate loan may be right for you.

We can help with offices, warehouses, residences, restaurants and much more. If the property qualifies, you likely will as well.

The Key Facts

When you are considering whether stated income is right for you, it is helpful to know a few key facts. These are some of the main characteristics:

  • Low credit score requirements
  • High loan-to-value ratios (up to 75%)
  • Large loan amounts available
  • Only W2 or self-employment documentation needed
  • Almost any property type can qualify
  • Fixed-rate loans
  • 25-year terms
  • Funding can be used to refinance, renovate, purchase or consolidate debt.

Learn More

Contact JRF Financial, Inc. today to learn more about our stated income commercial real estate financing. We will get you started with a free consultation and financial analysis.