What You Should Know About Our Stated Income Commercial Real Estate Loan Option

As a business owner, you may be wondering if a stated income loan is right for you. Have you been turned down for other types of loans before? Are you looking for a loan that can help you acquire a piece of real estate without making you fill out piles of paperwork? If so, a stated income loan may be exactly what you need. Here at TCW Capital Finance, we offer this type of loan for purposes of purchasing property, refinancing or even just building working capital.

How Traditional and Stated Income Loans Differ

In order to qualify for a stated income commercial real estate loan, you need to ensure that the property you’re looking at is not valued too low. This is because approval is based on property value rather than the borrower’s credit profile. If the value of the property is not high enough, you won’t be able to qualify. However, as long as your property is valued higher than the mortgage, insurance and taxes combined, you’re good to go.

Loan Details

Before you apply for one of our stated income loans, here are some of the details you should know about:

• W-2 or self-employment documentation is required
• A minimum qualifying credit score of 600 is required
• You can receive up to 75% loan-to-value if you’re buying a mixed-use or multifamily property and have a qualifying credit score
• We welcome all property types to apply
• Our loans come with 24-year terms and fixed rates

Loan amounts can go as high as $500,000, depending on the needs and qualifications of the borrower. We commonly provide stated income loans to investors or business owners dealing in apartments, warehouses, real estate or restaurants.

Contact Us

Ready to discuss your loan needs in further detail? Contact us today and we’ll talk you through the process of applying for a stated income commercial real estate loan.