Tired of Trying to Get a Loan? Here’s Your Solution

A stated income commercial real estate loan could be the answer to your financial needs. It is offered despite your credit history and without a lot of paperwork. At All Things Commercial Capital, we can help you secure one of these loans to help build your working capital, purchase or improve property, consolidate your debt or refinance.

How It’s Different

A stated income commercial real estate loan differs in many ways from a traditional loan. Instead of being focused on your credit, it is based on the property and it’s use. As long as the property has enough value to cover the loan and associated costs, you can often qualify.

You could use this type of loan for any type of property, such as:

  • Residential 1-4 unit
  • Mixed Use 5+
  • Healthcare
  • Retail
  • Office
  • Dental/Optometry
  • Veterinary
  • Car repair shop or dealership
  • Hotel or motel
  • Warehouse
  • Industrial
  • Storage
  • Recreation facility

Because this type of financing is much different than a traditional loan, it is processed more quickly and with far less paperwork.

Loan Details

Despite being far more lenient when it comes to qualifying for this type of funding, you still have to meet certain requirements. One of the most important criteria is a credit score of at least 600.

Once approved, you have the opportunity to take advantage of the many perks, which include:

  • Loans up to $500,000
  • Fixed rates
  • 25-year amortization

Almost any type of property will qualify. However, the loan-to-value ratio will vary based on property type.

Here’s a look at the LTV maximums for each type of property:

  • 65 percent for self-storage, retail, office, warehouse and auto service
  • 70 percent for non-owner occupied investments up to four units
  • 75 percent for mixed use or multifamily with five or more units

It is important to note that for mixed use or multifamily properties, the credit score requirement goes up to around 700.

If this type of loan will suit your financing needs, then contact us today. We can help you get started on your application and get you approved quickly.