Stated Income Commercial Real Estate

How a Stated Income Can Benefit Your Business

Companies of all sizes need access to flexible financing to grow in a competitive marketplace. Stated income commercial real estate loans are an excellent solution. Designed to enrich businesses in a variety of ways, the stated income loans offered by Empire Lending Services are generous with competitive terms.

Benefits of Stated Income Loans

The funding received from a stated income loan can be used in any way. Use the money to consolidate debt, obtain or renovate property, refinance or obtain inventory as needed. You stand to receive a loan of up to $500,000 and gain the following benefits.

  • W-2 and self-employment documentation
  • Fixed rates
  • 25-year terms
  • 75% LTV for multi-family and mixed-use properties
  • 70% LTV for investment and owner-occupies properties
  • 65% LTV for commercial properties

Differences Between Stated Income and Traditional Loans

While traditional loan solutions require a significant amount of paperwork, stated income loans require less documentation and are typically approved more quickly. Stated income loans are also easier to qualify for because they are approved based upon property value rather than credit history. If the company’s property has a value that exceeds the cost of its insurance, taxes and mortgage, it qualifies for a stated income loan. This makes stated income loans a wonderful alternative financial solution for companies that are struggling financially because traditional loans often focus on credit history to determine eligibility. If the company does not have an excellent credit history, it often does not qualify for the financing it needs to grow. Companies with poor or limited credit histories can still receive funding through stated income loans.

Contact Us Today

If you think a stated income commercial real estate loan is the right solution for your company, contact Empire Lending Services today to discuss your financial needs and find out what your options are. In many cases, we can deliver the funding you need within 24 hours.