Stated Income Commercial Real Estate

Access Working Capital With a Stated Income Loan

When you need funds fast, a traditional business loan just won’t do. Fortunately, you can get fast funding with a stated income commercial real estate loan from Jersey Commercial Lending.

How Do Stated Income Loans Work?

When you apply for a traditional loan, you have to submit piles of paperwork. With a stated income loan, however, you only have to prove the collateral can cover the following:

  • Taxes
  • Loan amount
  • Insurance

You don’t have to worry about presenting a business plan or turning over financial statements, thereby saving time and energy.

How Much Can You Get?

Jersey Commercial Lending offers different loan-to-value ratios depending on the type of property you’re putting up as collateral. For example, warehouse properties, offices, self-storage, retail and auto services properties can qualify for as much as 65% LTV. Investment properties under five units not occupied by the owner can qualify for up to 70% LTV. We also offer 75% LTV for properties with five or more units, but you need a credit score of at least 700 to qualify.

What Are the Benefits?

Stated income commercial real estate loans come with several benefits:

  • Full amortization
  • Large amounts as high as $500,000
  • 25-year terms
  • Fixed, low rates

How Can You Spend the Funds?

A stated income loan is a great way to purchase new property. However, you can also use this financing to access the equity in real estate you already own. Once the cash is in your hands, you can spend it however you want.

What Do You Need To Apply?

For most of our loans, we ask for a credit score of at least 600. We also require documentation of employment, which can be self-employment paperwork or a W-2. You don’t have to provide a financial statement, and you may still qualify even if you’ve been turned down for financing before.

How Can You Schedule a Consultation?

If you’re looking for quick access to cash, Jersey Commercial Lending is here to help. Our financial professionals can arrange a free, no-obligation consultation to discuss your goals and options. To schedule a meeting, give us a call today.