Stated Income Commercial Real Estate
Skip the Lengthy Application with a Stated Income Commercial Real Estate Loan
Acquiring property shouldn’t be complicated, but mortgages make it so. Fortunately, Green Wing Commercial Capital has an alternative: stated income commercial real estate financing.
Why You Should Choose a Stated Income Commercial Real Estate Loan
Unlike mortgages, stated income loans don’t require piles of paperwork. That means you can get funds quickly. Even if you’ve been turned down before, you may still qualify if you have a credit score of at least 600 and the property value covers the following:
- Loan amount
How You Can Use the Funds
Many individuals use the funds to buy the property serving as collateral. However, you can also access the equity in real estate you currently own. You can then spend the funds at your discretion:
- Consolidate debt
How You Benefit
Stated income loans through Green Wing Commercial Capital come with many benefits:
- 25-year terms
- Full amortization
- Fixed rates
- $500,000 amount maximum
The quick approval time also gives you an edge in negotiations.
Stated Income Loan Amounts
The amount we lend depends on your credit score and the property type. For example, we can lend up to 75% LTV for multifamily housing and mixed-use properties with more than four units. We ask that you have a credit score of at least 700 for this high loan-to-value ratio.
You can get up to 70% for properties with four or fewer units, and these must be non-owner-occupied. We offer as much as 65% for the following:
- Retail properties
- Self-storage properties
- Auto service facilities
In all cases, we ask for proof of employment. Self-employment documentation and W-2s are accepted.
Green Wing Commercial Capital is excited to help parties interested in obtaining real estate without the hassle. You no longer have to deal with red tape when purchasing a property and can instead focus on negotiating the best deal. To learn more or start your application, give us a call today.