The Advantages of Stated Income Commercial Real Estate Loans
Commercial real estate clients frequently ask us about alternatives to traditional business loans. Some ask because they have concerns about their credit, while others lack the time for a lengthy application review. WHW Capital is proud to serve those clients through our stated income commercial real estate loan program. Approved applicants use these loans to refinance their current loans, increase their working capital, improve existing properties, make new purchases, and consolidate debt.
Stated Income Loans Versus Traditional Loans
Stated income loans differ from traditional loans because they put less weight on the applicant’s credit history and require less paperwork. We base our decision on the value of the property involved. As long as the value is sufficient to cover insurance, the mortgage, and taxes, you have an excellent chance of being approved. We may approve your loan even if other lenders have declined you.
Basic Loan Terms
The benefits and terms of our stated income commercial real estate loans cater to many types of buyers. Loan specifics include:
- Financing of up to $500,000
- Twenty-five-year repayment terms
- Fixed interest rates
- Multiple property types accepted
- A minimum credit score of 600
- Self-employment documentation or W-2 required
Another perk of this loan program is generous loan-to-value (LTV) limits. Mixed-use and multifamily properties with five or more units may qualify for up to 75% LTV for applicants with credit scores at or above 700. Smaller, non-owner-occupied investment properties with one to four units may qualify for 70% LTV. We offer 65% LTV on the following property types:
- Retail
- Office
- Warehouse
- Auto service
- Self-storage
Contact Us
Call WHW Capital to learn more about stated income commercial real estate loans and how they can help your business. A representative from our commercial real estate team will send an application at your request.
