Commercial Stated Income Loans

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.

 DUE TO CREDIT CRISIS STATED INCOME COMMERCIAL LOANS ARE ALL BUT DEAD.

A very common underwriting guideline, is the Debt Coverage Ratio, which establishes how much net income a business needs to show against all expenses and proposed debt service.  The bench mark is 1:20.  Meaning for every dollar of total expenses (including new mortgage) the business need to document that they make $1.20 in net income.  For business (or investors) that can not prove this level of income, either due to aggressive accounting or because the income is simply not their this might be the option needed.   

No business or personal tax returns required on this stated commercial mortgage. 

Stated Income Commercial Loan Rates: 

Stated Income Commercial Mortgage Eligibility: 

• California, Nevada, Arizona, Oregon, Washington, Utah ONLY
• 680 – absolute minimum credit score
• Loan Amount: $400,000 - $1,500,000
•  Loan to Value - 70% on Refinance, 75% on Purchase
• Pre-Payment Penalty: Declining for the length of the fixed term (3, 2, 1% and 5, 4, 3, 2, 1%)
• 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.

STORE For Commercial Loan Brokers! Commercial Mortgage Training

---

:: Commercial Loan Programs :: Fixed Rate SBA 7a Loan :: Commercial Second Mortgages :: Commercial Equity Line of Credit :: SBA 504 Commercial Loans :: Hard Money Commercial Loans :: Commercial Stated Income Loans :: Commercial Loan Rates :: Commercial Loan Calculators :: 90% Commercial Financing :: Commercial 30 Year Fixed :: Commercial 15 Year Fixed :: PRE APPROVAL :: Commercial Loan Refinance :: Hotel Loan :: Restaurant Funding :: Office Building Loans :: Mixed Use Property Loans :: Industrial Building Loans :: Retail Property Loan :: NNN Property Loans :: Automotive Property Loans :: Car Wash Loans :: Gas Station Loans :: Special Purpose Property Loans :: STORE for Commercial Loan Broker :: Commercial Mortgage Broker Fee Agreement :: Co Broker Agreement :: Commercial Mortgage Broker Training Book :: Spreadsheet Commercial Loan :: Commercial Loan Training Course :: Become Commercial Broker :: Commercial Loan Underwriting :: Commercial Lease vs Own :: Commercial Loan News :: Commercial Property List :: FAQ's :: Site Map :: Links ::

 

Commercial Finance Advisors, Inc.
(248) 885-8797 Phone
(866) 337-3141 Fax
http://www.cfa-commercial.com/
261 E Maple Rd
Suite 13
Birmingham, Michigan 48009

 

© 2008 Myers Internet, Inc. All Rights Reserved

Powered by: Myers Internet, Inc. | Admin Login