Stated Income Commercial Real Estate

Build a Successful Business With a Stated Income Commercial Real Estate Loan

For businesses that have trouble securing traditional business loans, stated income commercial real estate loans may be a good alternative. This type of financing is flexible and can be used in nearly any way to benefit your company. Consolidate debt, refinance or purchase inventory or equipment with a stated income loan from Coastal Commercial Lending.

What Is a Stated Income Loan?

Businesses typically need to have good credit histories to qualify for traditional forms of financing. Traditional loans also require a significant amount of paperwork so the approval process may be slow. In contrast, a stated income commercial real estate loan focuses on the value of a piece of property. If your business owns property that has a value exceeding the cost of its mortgage, insurance and taxes, it qualifies for this type of loan. Stated income loans are often approved more quickly than traditional ones because they require less paperwork.

What Are the Terms for a Stated Income Loan?

The primary benefit of stated income loans is their flexibility. When you secure this avenue of financing from Coastal Commercial Lending, you stand to receive loan amounts of up to $500,000 and can use the money in any way you deem fit to enrich your business. If you have a qualifying credit score of at least 600, you will also receive the following benefits.

  • Self-employment and W-2 documentation
  • 75% LTV for mixed-use properties
  • 70% LTV for investment properties
  • 65% LTV for commercial properties
  • 25-year terms
  • Fixed rates

GET STARTED WITH OUR EASY PRE-APPROVAL PROCESS NOW

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Download the Coastal Commercial Product Overview

Learn all about the different products offered at Coastal Commercial Lending by downloading our product overview kit. This kit is complete with individual product info sheet and full company overview.

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We can help you get your business on the fast track to success. Often, all startups need to succeed is a reliable source of working capital and commercial finance loans. We'd love to provide you with a hassle-free, complimentary consultation that comes with no obligation. Contact us today to begin your financing journey.

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