Secure Quick Commercial Real Estate Financing With Stated Income Loans

stated-incomeIf you’re preparing to buy or refinance commercial property, stated income commercial real estate loans from Lighthouse Commercial Capital can provide a convenient source of funding. Our loans can also help you renovate commercial properties, consolidate debt or free up working capital. We can offer financing worth between $100,000 and $5 million, provided that you meet our eligibility criteria.

Advantages of Stated Income Loans

Our stated income commercial real estate loans offer a few unique benefits over other types of financing. You can expect the following gains when you choose stated income loans:

  • Greater availability — your eligibility for this financing is based largely on the value of the property, rather than your own financial standing.
  • Reasonable criteria — you may be eligible for one of these loans if you have a credit score of at least 600 and can furnish a W-2 or proof of self-employment.
  • Faster approval — in most cases, we can approve this type of financing more quickly than other loans because the eligibility criteria are simpler.

Our stated income loans also feature high LTV values that range from 65 to 75 percent. We offer up to 65 percent LTV for qualifying commercial properties, including auto service, warehouse, self-storage, retail and office buildings. For owner-occupied investment properties that consist of fewer than four units, we provide 70 percent LTV. You may receive up to 75 percent LTV for multifamily or mixed-use properties that have at least five units.

Our Alternative Loan Options

We additionally offer soft money loans with values as high as $500,000. You can apply these loans to most commercial property purchases. Our loans feature terms as long as 25 years, with fixed rates and full amortization. We can typically provide extremely fast closings that are completed in just two or three weeks.

Start Seeking Funding Today

Whether you need fast financing or an alternative to traditional commercial real estate loans, stated income loans offer a prime solution. To find out what you qualify for, contact Lighthouse Commercial Capital today for a free assessment of your financials.