Get a Stated Income Loan for Your Real Estate Project

If you are trying to buy a commercial real estate project, you may be in the process of shopping around for financing. Have you been declined for a traditional mortgage? Do you want the process to move faster? If so, you may benefit from a stated income commercial real estate loan from Increase Lending. This alternative to conventional loans can help you get approved quicker.

How Does a Stated Income Loan Work?

When you apply for a conventional loan, the lender primarily examines your financials and credit. Using that information, the institution will determine whether you are likely to be able to repay the loan. The property itself is not a major consideration in the process.

Conversely, a stated income loan focuses primarily on the property. If its value is sufficient to cover the mortgage, taxes and insurance, you are likely to be approved for the loan. Your details are less important to the approval process.

This means that you need to submit less paperwork, allowing everything to happen more quickly. Additionally, you can be approved even if you have less-than-ideal credit. At Increase Lending, we can extend stated income commercial real estate loans on restaurants, apartment buildings, office spaces, warehouses and almost all other commercial real estate property types.

What You Need To Know

We want you to fully understand the loans before you make a decision. These are some of the details you need to know:

• Credit scores as low as 600 can qualify.
• The rates are fixed with amortization and 25-year terms.
• We can extend high loan-to-value ratios, especially on multiunit residences.
• We only need basic documentation
• You can use the funds for almost any real estate purpose.

Learn More

Contact Increase Lending today to learn more about our stated income commercial real estate loans. One of our representatives will be happy to help you get started.