Commercial Stated Income Loans

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. Note, this program is no longer available.

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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 fill out our commercial loan application.

Stated Income Commercial Loan:

650 – absolute minimum credit score. Click here if your credit score is below 650.
Loan Amount: $400,000 - $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.

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Commercial Stated Income Loans

Stated Income Commercial Loan: