Stated Income Commercial Real Estate

Obtain a Stated Income Loan for Commercial Real Estate

Real estate investing can be quite lucrative. On the other hand, this initial capital outlay can be quite high. In particular, this can be the case for commercial real estate purchases.

That’s why we at Abundant Wealth Financial are in business. We can provide capital for your commercial real estate purchases. One of the options that we offer is a stated income loan. 

Stated Income Commercial Real Estate

Most conventional loans are made after a careful – often long – examination of the applicant’s credit history. If there are any blemishes on the credit report, the loan may be denied. This places those with less than stellar credit records at a disadvantage.

Fortunately, for commercial real estate loans, there is an alternative. It’s called a stated income loan. In this type of financing, the value of the property is far more important than the applicant’s credit. In fact, the value of the property secures the loan. The total value of the property must be sufficient to cover certain costs such as the mortgage, taxes, and insurance of the stated income loan.

Additionally, stated income loans are generally fulfilled in a shorter time frame than a traditional loan. This is because the borrower is not required to produce as much personal financial documentation in order to qualify.

Specifications of Our Stated Income Loans

Or stated income loans are characterized by the following:

  • Loans as large as $500,000
  • Fixed-rate, quarter-century loans
  • A minimum credit score of 600
  • Almost any property type can qualify, including warehouses, self-storage, multi-family, and office properties
  • Loan to value amounts of up to 75%, depending on property type

Obtain Your Financing from Abundant Wealth Financial

We’d like to become the financing partner for your real estate purchases. Please give us a call today to learn more. If you are ready, we can initiate the application process today.