Can You Benefit From a State Income Commercial Real Estate Loan?

The process of obtaining a mortgage can be arduous, with extensive paperwork and long waiting periods. Even after providing everything a traditional lender asks for, you may be turned down because of weak credit. What if there was another way to get real estate financing without all the drama? At Kinlow Advisors, we offer just the thing: stated income commercial real estate loans.

The Process

What makes these loans different from a regular mortgage? Rather than focusing on your credit history, the application for a stated income commercial real estate loan looks at the property you own or plan to buy. Approval is dependent upon the value of the property, not reports from a credit bureau.

The Terms

Before this type of financing can be approved, there are several terms that must be met:

  • Tax documentation such as a W-2 must be provided
  • Applicant must have at a minimum credit score of 600
  • Sufficient property value

If these requirements are met, you can use this loan to consolidate debt, refinance, purchase or improve property.

The Benefits

Opting for a stated income loan provides borrowers with a number of benefits:

  • Use on a variety of property types, such as self-storage, investment properties or retail
  • 25-year amortized loans
  • Loan-to-value ratios between 65 and 75, depending on the property
  • Fixed rates

Kinlow Advisors offers loan amounts as high as $5 Million and closing times as short as two weeks.

Your Application

We work with businesses of all sizes and industries to help you obtain the capital necessary to grow. Whether you’re looking to purchase a warehouse or renovate a multi-family property, we can give you the tools you need to succeed. To speak to our financial experts and get started on your application, contact us today.