Excelsior Realty

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Excelsior Realty is committed to the Fair Housing Act under the New York State Human Rights Law. To learn more about it, please click here.

Stated Income Program

Stated Income Commercial Real Estate Loans:

A stated income commercial loan is generally more concerned with the piece of real estate rather than the borrower’s credit history. The property income value must be capable of servicing the mortgage, taxes, and insurance for a state income commercial loan to be approved. An advantage to a state income commercial loan over a traditional commercial loan is that the approval process is much quicker because there are fewer documents involved in order for the borrower to qualify.

Loan Parameters

Up to 70% LTV – 1-4 Unit Non-Owner Occupied Investment Properties
Up to 75% LTV – 5+Unit Multifamily and Mixed Use (must DSCR at 1.25 and credit above 700 for 75% ltv)
Up to 65% LTV – Office, Retail, Warehouse, Self-Storage, Auto Service
600 Credit Score to qualify
$100K – $5M
Purchase, Refinance, & Cash-out Refinance
W-2 or self employed