Get Funding With a Stated Income Commercial Real Estate Loan
Do you need capital for your commercial real estate project? Have you been turned down elsewhere? A stated income commercial real estate loan from Mahler Commercial Lending Group may be the vehicle you need to finance your real estate purchase, renovation, refinancing, debt consolidation or another project. Better yet, you can move fast thanks to our expedited process.
What Is a Stated Income Loan?
Unlike a conventional mortgage, a stated income loan is based primarily on the piece of real estate in question. Therefore, your financial situation and credit do not need to be as strong as with a normal mortgage. If the value of the property is sufficient to cover the mortgage, taxes and insurance, you are likely to be approved.
Additionally, there is much less paperwork to be completed. This means that approvals can happen more quickly. If you have a time-sensitive opportunity, this may be the right way to get the funds you need.
We work with all sorts of properties. For example, if you deal in restaurants, residences, office space or almost any other type of building, you may be able to qualify. The available loan-to-value ratio may depend on the property type.
Basics About the Loans
Does a stated income loan sound like a good option for you? Here’s some more information to help you make your decision:
- You can qualify with a credit score as low as 600.
- You only need to provide basic financial statements.
- We can offer large loan amounts.
- The funds can be used for various business purposes.
- We welcome almost all property types.
- We offer generous loan-to-value ratios, especially on investment properties.
- The loans are fixed-rate, 25-year and amortized.
Contact us today to determine if a stated income commercial real estate loan from Mahler Commercial Lending Group is right for you. A representative will get you started with a free consultation and financial analysis.