Specialized and Innovative Commercial Real Estate Loan Solutions
Acquiring properties can be difficult. At Lendero, we make the process a little simpler by providing alternatives to traditional commercial loans for buying or refinancing commercial property. Stated income commercial real estate loans focus on real estate rather than your credit history. However, the property income value must have the capacity to service the mortgage, taxes and insurance in order to be considered for approval.
Broad Scope of Services
At Lendero, we offer stated income loans for nearly any commercial property type with closings in as few as two to three weeks. Commercial loan amounts up to $500,000 feature fixed rates and fully amortizing structures up to 25 years. Additional investment parameters include:
- Minimum credit score of 600 to quality, with W-2 or evidence of self-employment
- Up to 65 percent LTV for retail, office, self-storage and warehouse real estate
- Up to 70 percent LTV for one to four non-owner occupied investment properties
- Up to 75 percent LTV for five or more multifamily and mixed use properties
- Loan amounts ranging from $100,000 to $5 million
We can finance most property types, such as office buildings, warehouses, retail spaces, apartment structures and restaurants. A few uses for loan proceeds include debt consolidation, property purchase, improvements, working capital and refinancing.
Make the Call
For more details on Lendero’s stated income commercial real estate loan program, contact us today.