A Stated Income Loan Has Benefits for Commercial Real Estate

At Visionmap Capital Resources, we offer stated income loans throughout Greater Phoenix, AZ, to help you purchase and improve real estate property, build working capital, consolidate debt, and refinance. Your credit score and history may have turned you down for a conventional business loan, but a stated income commercial real estate loan may be the solution.

Loan Basics

Depending on the property type, loan-to-value percentages range from 65% to 75% based on credit score. Consolidate debt, purchase, or refinance with the available funds without worrying about your current credit score or past credit history. Additional stated income loan basics include:

  • W-2 or self-employment documentation
  • Qualifying credit score of 600
  • Up to $500,000 for large loan amounts
  • 25-year amortized fixed rate loans
  • Most property types welcome

Loan Differences

Unlike a conventional loan that primarily focuses on the applicant’s credit history, a stated income loan focuses on the property itself. The process of a stated income loan is typically faster than a conventional loan. The required documentation is less than what a conventional loan requires, speeding up approval and closing times. Essentially, the property must meet certain requirements to qualify. It doesn’t matter if it is a multifamily apartment or a restaurant; the property must cover the insurance, mortgage, and taxes for the loan.

LTV Rates

Qualified applicants can get loan-to-value (LTV) rates for their different properties. For those with a credit score of 700 or better, multifamily and mixed-use properties can obtain up to a 75% LTV when there are at least 5 units. For 1-4 units on an investment property that isn’t owner occupied, applicants can obtain up to a 70% LTV. Other properties from warehouses to auto service to office buildings can receive up to 65% LTV.

Loan Discussion

Visionmap Capital Resources can discuss the options available to you. Submit your application for a stated income commercial real estate loan, and close on your Greater Phoenix, AZ, property in just a couple of weeks. Our experience and knowledge are here for you. Call us today!