Find Out Why Many Business Owners Prefer Stated Income Commercial Real Estate Loans

For business owners who deal heavily in the commercial real estate market, a traditional loan may not be the right fit. Here at Archspring Capital, we offer an alternative loan product that features fast approval times (which is important in an industry that’s known for how quickly it moves). A stated income commercial real estate loan is one of those rare loan types that isn’t based almost solely on your credit score. Though you do need a minimum score of 600 to qualify, this is fairly easy for most people to achieve.

The main approval factor for stated income loans is your ability to show that the property you’re buying is sufficiently valued to cover any costs associated with its purchase (such as taxes, mortgage and insurance). As long as it meets this qualification and you have a minimum credit score of 600, you’ll likely be approved.

Loan Details

To help you decide whether a stated income commercial real estate loan is right for you or not, here are some loan details you should know about:

• Between 65% and 75% loan-to-value is possible for qualifying properties
• Loans come with 25-year terms
• Funds can be put toward various things (such as debt consolidation or real estate purchases)
• We welcome all property types to apply
• Loans come with fixed rates and are amortized

You will need to show us your self-employment documentation or W-2 to qualify for one of these loans. But once you receive the funds, you’re free to use them however you want. You also have a great chance of approval no matter what type of property you deal in (from apartments to restaurants and everything in-between).

Contact Us

We’d love to discuss further details of our stated income commercial real estate loan program with you so you can determine whether or not it’s the right course of action for your needs. Call us today to learn more or to request an obligation-free application.