A Better Approach to CRE Financing
If you have been turned down for a loan because of a low credit score or lack of credit history, and you are looking for an alternative to traditional loan options, try a stated income commercial real estate loan from Sautelet Commercial Finance. Our stated income loan program is structured around the value and condition of the property itself, rather than your credit history. In addition, there are almost no restrictions on how you use the money, so you can purchase additional property, consolidate outstanding debt, or even improve your assets.
Traditional Loans Vs. Stated Income Loans
Stated income loans from Sautelet Commercial Finance require minimal paperwork. As mentioned above, stated loans are structured around the value of the property, not the borrower’s credit history. That means the property value must cover the taxes, mortgage, and insurance of the loan. Another big difference is that a standard loan often takes several months to process, but a stated loan’s approval is much quicker because there is less documentation, inspections, and record searches.
Commercial Loans for Properties of All Types
Some of the properties stated income commercial real estate financing can be used for include:
- Apartment buildings
- Office buildings
- Retail buildings
Minimal Loan Requirements
Although the requirements for the loan are not as stringent as those in banks and credit unions, there are a few basic requirements our stated income loan program.
- 25-year loan
- A 600-credit score
- Employment document or W-2
Property Loans Are What We Do – Contact Us
We are here to help you, so contact Sautelet Commercial Finance today and get the commercial real estate financing you need. Our representatives can provide you details about the programs we have to offer and help you start the process right away.