Stated Income LoansLet Our Stated Income Commercial Real Estate Loans Work for You

If you seek to purchase or refinance commercial property, our stated income commercial real estate loans are a great alternative when compared to more traditional credit sources. In these types of agreements, lenders customarily look less at a borrower’s credit history and more at the specific piece of property involved. The value of this real estate must be enough to cover the taxes, insurance and mortgage in order for the loan terms to be approved. One of the many benefits of these options is that the process for approval is much more rapid due to the relatively minimal number of required documents.

Loan Terms:

You need a credit score of 600 to qualify for most offerings and can borrow anywhere from $100,000 to $5 million. You may provide either a W-2 or be self-employed. The loan can be used to refinance, cash-out refinance or purchase. Specifically, for different types of loans you may borrow up to:

  • 65% LTV – Auto Service, Retail, Warehouse, Office, Self-Storage
  • 70% LTV – 1-4 Unit Non-Owner Occupied Investment Real Estate
  • 75% LTV – 5+ Unit Mixed Use and Multifamily (credit score must be above
  • 700 and DSCR at 1.25 for this option)

What Might You Use These Loans For?

Stated income commercial real estate loans can be used for a variety of property types, including apartment buildings, warehouses, retail property, restaurants and office property. You could use the loan for:

  • Property Enhancement: Need a new exterior paint job or a bigger parking lot? Get the funds you need from Desert Star Commercial Consulting.
  • Working Capital: Seeking assets to get a great inventory deal or meet payroll this month? We can help.
  • Buy a Property: Locate an ideal investment opportunity? Ready to purchase the building you currently rent? Give us a call.
  • Consolidate Debt: We can pay off your monthly financial obligations, consolidate leases on equipment and/or professional credit card debt, and send owed funds to the IRS, potentially sparing you thousands of dollars on a monthly basis. Let us work to show you how.
  • Refinance: Our 25-year fixed rate loans never adjust and balloon.

Soft Money Loans:

Desert Star Commercial Consulting can also provide soft money commercial loans.

  • Funds totaling up to $500K
  • Virtually all forms of commercial property accepted
  • Fully amortizing and fixed rates for up to 25 years
  • Deals can be closed in as few as 2-3 weeks

Find out more about all of these great sources of capital by calling us at Desert Star Commercial Consulting today.