Your Business Could Benefit From a Stated Income Commercial Real Estate Loan

A stated income loan could be just what your business needs to improve the property, refinance, purchase property, consolidate debt, or build working capital. If you have been turned down for traditional loans or do not want to deal with a protracted loan approval process, Royalty Business Lending can explain your options.

Leveraging Property Value

A stated income commercial real estate loan uses the value of the property more than the credit history of the borrower to determine eligibility. This means that Royalty Business Lending can approve a stated income loan quicker than a traditional loan can be approved. To be applicable, a property’s value must be able to cover the taxes, mortgage, and insurance of the proposed stated income loan. As long as the property meets these requirements, a wide range of properties can be used for a stated income commercial real estate loan including:

  • Warehouses
  • General Business
  • Apartments
  • Real Estate

General Loan Basics

Here are some stated income loan basics to consider when thinking of applying for a loan:

  • Requires a Qualifying Credit Score of 600 and W-2 or Self Employment Documentation
  • A Wide Variety of Property Types Qualify
  • Fixed Rate Loans With 25 Year Amortization Available Up to $500,000 Dollars
  • Used for such things as refinancing, debt consolidation, and Property Purchase

Loan to Value Ratios

Here are some examples of the prevalent loan to value ratios for stated income loans:

  • Up to 70% LTV ratio for investment properties that are non-owner occupied of one to four units
  • Up to 75% LTV for mixed use and multifamily properties with 5 or more units
  • Up to 65% loan-to-value (LTV) for warehouse, office, retail, auto service, and self-storage properties

Contact Us Today

Let Royalty Business Lending help you with attaining a stated income commercial real estate loan.