Stated Income Commercial Real Estate

What is a Stated Income Loan?

Taking out a loan is a standard business move that can provide many benefits, from consolidating debt to helping grow your business. But traditional loan applications can leave you without the money you need for weeks, assuming you aren’t denied for having a low credit score or insufficient income.

West Mountain Commercial Capital offers stated income commercial real estate loans as a streamlined alternative to traditional loan applications. In order to understand how your business could benefit from a stated income loan, you must first know how the process differs from normal loan applications.

Property Value

When applying for a traditional loan, a loan officer will analyze your income, debt to income ratio and credit history to determine if you qualify for a loan. Our stated income loans, only look at the value of your property. Almost any business can qualify for a stated income loan, as long as the real estate in question has enough value to cover the loan amount, property taxes and insurance. This gives you access to money faster and makes applying for these loans much easier.

Loan Basics

If your property meets this qualification, here are a few things you can expect from our stated income loans.

  • Most property types allowed.
  • W-2 and self-employment documentation.
  • Loan amounts as high as $500,000.
  • A qualifying credit score of 600.
  • Fixed 25-year rates.

We also offer flexible loan-to-value rates depending on the property:

  • Up to 65% LTV for retail, auto service, office, warehouse and self-storage property.
  • Up to 70% LTV for non-owner occupied properties (between 1 and 4 units).
  • Up to 75% LTV for mixed-use or multifamily properties with 5 or more units.

Just looking at the stated value of the property allows the application process to move quickly. This means you can have access to funds more quickly, allowing you to more easily consolidate debt, refinance or purchase new property.

Contact us today to take advantage of this opportunity!