855-949-FUND(3863)
NMLS #: 1202436 BRE #: 01954763
Blog
Home / Hard Money Blogs / Stated Income Commercial Loans

Stated Income Commercial Loans

0

Stated Income Commercial Loans
Stated income, stated income loans

The State of  Stated Income Commercial Loans

While stated income loans have received a bad reputation after the 2008 financial, stated income commercial loans played a lesser role in the carnage associated with the housing market crash. Today, government legislation and regulation has made it tougher for individuals to acquire commercial mortgage loans. While investors and individuals alike have looked for alternatives when shopping around for mortgage loans, hard oney loans and stated income loans continue to be a viable alternative.

Today, there are a wealth of commercial properties that fall within the scope of stated income commercial loans. These include:

  • 1 to 4 family properties up to $1 million
  • Multifamily (5 or more units) up to $5 million
  • Mixed Use to $5 million
  • Warehouse to $5 million
  • Retail to $5 million
  • Office to $5 million
  • Self Storage to $2 million
  • Auto Repair/Auto Service (no gas stations) to $5 million
  • Condos to $1 million (including high rise)
  • Commercial Condos and Office Condos to $1 million

Many borrowers have turned to stated income commercial loans relative to hard money loans due to lower interest rates. Lenders are more concerned with four elements when it comes to stated income commercial loans; equity, appraisal, market rents, credit. Because less emphasis is put onto reported income of borrowers, lenders look for significant equity as a metric for lending. Also, lenders require a relatively strong credit score (at least 700) when considering a stated income loan.

Start your search for your stated income commercial loan by calling HML Investments today. Stated income commercial loan, stated income loan

Recent Posts

Leave a Comment

You must be logged in to post a comment
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Visit Our Facebook PageVisit Our Facebook PageVisit Our Facebook PageVisit Our Facebook Page