Stated Income Commercial Real Estate

Get the Property You Love With a Stated Income Commercial Real Estate Loan

Property hunting as a small business owner can be a bittersweet experience. On the positive side, you can find a great building that meets your company’s needs perfectly and has an amazing location, too. That said, it feels terrible when you fall in love with a property only to get turned down for the loan you need. At True & Constant Lending Group, we understand completely and we have a solution: stated income commercial real estate financing. With this type of loan, you can get the property you love even if you don’t have the greatest credit.

Commercial Real Estate Financing Without the Strict Requirements

Traditional real estate loans can be very useful, and they have excellent interest rates. Unfortunately, qualifying can require a pretty high credit rating, especially for small businesses with cash flow issues. The good news is that stated income financing almost completely bypasses the normal credit requirements:

  • Good credit is OK
  • Application process is much simpler
  • Approval is fast
  • W-2 or self-employment documents are sufficient
  • LTV ratio is great
  • Virtually any property type is acceptable

This type of financing uses the real estate you want to purchase as collateral for the loan. This helps lower the credit score requirements and other qualification factors considerably. Countless business owners that have been turned down elsewhere have been able to buy their ideal property thanks to this type of loan.

Other Ways To Use Stated Income Commercial Real Estate Financing

In addition to purchasing a brand-new property that you love, you can use a stated income loan to improve it. This includes buying and remodeling a building to make it move-in ready for your company, or remodeling an existing property that you already own to bring it up to speed with modern trends. Stated income financing can also help with refinancing, debt consolation and working capital.

To learn more about this incredible real estate tool, contact us right away for help.