        |
|
|
Most commercial stated income loans and lenders are now gone, due to the credit crisis, HOWEVER, there are a few that are still active and closing loans. We work with all of them.
Commercial Stated Income Loans, can be a solid option for borrowers that don't want to go through the process of a traditional loan or that have been declined by banks (due to lack of documentable income). Many business’s, report as many deductions as possible on their tax returns. Although good for tax purposes, this strategy can cause issues when applying for loans. No business or personal tax returns required on this stated income commercial mortgage.
Though commercial stated income loans are still an option for borrowers despite the credit crisis, borrowers should be prepared that this is an expensive option. Stated income commercial loans should be thought of as "subprime commercial loan" being the middle ground between commercial hard money and conventional financing. Rates are typically start in the mid 8's (or higher) with higher than normal prepayment penalties.
If you know that you need this option despite its costs call now for answers 248 885-8797 or fill out our mini commercial loan application.
Stated Income Commercial Loan:
-
650 – absolute minimum credit score. Click here if your credit score is below 650.
-
Loan Amount: $300,000 - $3,000,000
-
Fixed periods from 3, 5 or 10 years
-
All loans amortized over 30 years
-
Loan to Value - 75% on Refinance, 75% on Purchase (on general purpose buildings)
- DCR - 1.2 multifamily and 1.3 commercial
Interested in a commercial stated income loan? Get Pre Approved now by filling out the linked form. Or call to discuss your situation at 248 885-8797.
Commercial mortgage training, fee agreements, spreadsheets, etc.
:: SBA 7a Loan, SBA Commercial Loans :: SBA Business Loan :: Commercial Bank Loan :: SBA 504 Loans :: USDA Business Industry Loans :: Hard Money Commercial Loans :: Commercial Loan Rates :: Commercial Loan Underwriting :: Commercial Loan Calculators :: Commercial Mortgage Lenders :: Commercial Loan Applications :: Commercial Loan Refinance :: Apartment Loan Financing :: Daycare Center Loans :: Hotel Loan :: Restaurant Loans :: Industrial Building Loans :: Retail Property Loan :: Health Care Property Loans :: Mixed Use Property Loans :: Automotive Property Loans :: Car Wash Loans :: Church Loans :: Physician Loans :: Special Purpose Property Loans :: STORE for Commercial Loan Broker :: Commercial Mortgage Broker Fee Agreement :: Commercial Mortgage Broker Training Book :: Commercial Loan Training Course :: Commercial Loan Business :: Commercial Mortgage Broker :: Commercial Mortgage Refinance :: Commercial Loan News :: Commercial Mortgage Links :: Careers ::
Commercial Finance Advisors, Inc.
(248) 885-8797 Phone
(866) 337-3141 Fax
http://www.cfa-commercial.com/
Main Office
261 E Maple Rd
Birmingham, Michigan 48009
Second Office
Roanoke, Virgina
© 2009 All Rights Reserved