Meet Your Funding Needs with a Stated Income Loan

Are you tired of dealing with piles of paperwork when you apply for a new loan? Have you been turned down for financing in the past due to poor credit history? If so, a stated income commercial real estate loan through Safe Harbor Commercial Capital may be the right option for you. These loans are ideal for purchasing new property, improving current locations, consolidating debt, or simply securing working capital.

How Do Stated Income Loans Work?

Stated income loans focus less on the borrower’s credit history and more on the real estate property in question. To qualify for one of these loans, the property’s value must cover the taxes, insurance, and mortgage required by the loan. Since you do not need to provide as much documentation to qualify, securing one of these loans can be done quickly. Nearly any type of property qualifies for one of these loans as long as it meets certain requirements.

Is a Stated Income Loan Right for Your Business?

Our stated income loans offer accessible and robust solutions to meet your needs and feature:

  • To qualify, you must have a credit score of at least 600
  • We offer fixed rates on these loans and amortization up to 25 years
  • During the application process, we require that you submit W-2 or self-employment verification
  • We can offer loans worth up to $500,000

Please note that the loan-to-value ratio depends on the type of property being financed. For example, for auto service, self-storage, and warehouse properties, we can provide up to 65% LTV. For non-owner occupied investment properties, we can offer up to 70% LTV.

Contact Us Today

If you have any questions about how a stated income commercial loan could benefit your operations, please contact us at Safe Harbor Commercial Capital. We look forward to hearing from and working with you!