Stated Income Commercial Real Estate Loans
If you have been turned down for a commercial real estate loan, consider a stated income loan. Also, this may be the right borrower mechanism for you if you need to move quickly on a time-sensitive opportunity while skipping all the paperwork is a conventional mortgage. Branch Fund is here to help you purchase, refinance, renovate, consolidate debt, or building working capital with innovative lending.
A Stated Income Loan
With a conventional real estate loan, the lender primarily examines your income, credit, and ability to repay the loan, while less attention is paid to the property itself. With a stated income loan, this arrangement is flipped, and the property is the primary consideration. There are more minimal qualification requirements. At Branch Fund, we can provide stated income commercial real estate loans for restaurants, warehouses, apartments, healthcare facilities, and more. We can likely extend financing if the property value is sufficient to cover the mortgage, taxes, and insurance. The paperwork requirements are also greatly reduced compared to conventional loans, and the whole process can move faster. Because the qualification requirements for the borrower are lower, you are also more likely to get funding.
What You Need To Know
This is a powerful form of financing with some incredible advantages. Below are just a few of the benefits you could enjoy:
- Almost any type of property welcome
- High loan-to-value ratios, especially on residential buildings
- Qualifying scores as low as 600
- Funds can be used for many business purposes
- Fixed-rate, amortized loans with 25-year terms
- Only basic financial statements needed
Get Started
We would love to tell you more about our stated income commercial real estate loan. Contact us today to request your application and get answers to any questions you may have.