Stated Income Commercial Real Estate

Reinforce Your Position With a Stated Income Loan

A stated income commercial real estate loan is an alternative to the constraints of the traditional financing process. It allows you to purchase or improve the property and refinance an existing loan. Stated income loans are also used to build up working capital or consolidate debt.

Revap Group Capital Stated Income Loans

Benefits of Stated Income Loans

The reduced level of documentation required to qualify is just one of the benefits of stated income commercial real estate loans. Here are some other advantages of this loan type:

  • Less paperwork than traditional loans
  • Quicker approval time
  • Based on the value of the property
  • Not as much focus on borrower’s credit history

Most Properties Qualify

Many different types of property are used for stated income commercial real estate loans. Apartments, warehouses, light industrial buildings, and restaurants are just a few of the property types utilized for stated income loans. The value of the property in question needs to cover the mortgage amount as well as associated taxes and insurance. If you qualify, you could close on your loan in two to three weeks.

Quick Loan Facts

Here are some of the facts and requirements of most stated income commercial real estate loans:

  • Loan amounts as high as $500,000 dollars available
  • Most property types qualify for loans
  • Both fixed rate and 25 years amortized loans available
  • W-2 or self-employment documentation needed with a credit score of at least 600
  • Use funds for a wide variety of purposes including debt consolidation, purchasing, and refinancing
  • Loan to value (LTV) ratios available from 65 percent LTV for office, retail, and warehouse facilities to 75 percent LTV for multifamily and mixed use properties.

Servicing Chicago, IL and The Surrounding Region

Incorporated as a city in 1837, Chicago, IL is the third most populated city in the U.S. and is one of the most important business centers in the world. The Chicago economy has grown by an estimated 14,845 jobs year-over-year since October 2016, while unemployment has decreased. Chicago may be home to deep-dish pizza and very cold winters, but it’s also home to some of America’s fastest-growing inner city businesses. Chicago has a great reputation as a fertile ground for starting & growing a business, and it’s no surprise to the people that reside there. While Chicago continues to be economically strong and vibrant, Revap Group Capital serves the area of Chicago and it’s surrounding cities with our various financial products to help serve our state of Illinois. Whether you live nearby in Naperville, Aurora, Rockford, Peoria, Springfield, Champaign, or anywhere else in the United States, let us help you find the solutions to help start or grow your business. Contact us today at 708-478-9660.

Contact Us

If you have been turned down for commercial loans because of credit history, stated income financing is likely the best solution to meet your needs for capital. Contact us at Revap Capital Group today to look at your stated income financing options.