For Commercial Borrowers that may not qualify for conventional real estate financing, SNH Commercial Finance offers alternative Stated Loan Programs to meet the unique needs of property owners nationwide.
Whether a property has insufficient seasoning, a borrower has credit challenges, or prior tax returns do not support the expected debt service, our Stated Commercial Loan options can meet the business objectives for both owner-occupied as well as investment property owners for most multi-use property types. Contact us today to review this attractive financing program.
Program Details
- Up to 75% Financing, Commercial Refinance or Purchase
- Flexible, low-doc, underwriting
- Up to 30 Year Amortization
- Cash-out up to 70% LTV
- No Tax Returns Required
- No minimum FICO on Principals
- 30 Year Fixed Rate Options, starting at 8.5%
- 45 – 60 day closings
Property Types
- Office
- Retail, Stand-Alone or Centers
- Multi-Family
- 1 – 4 Family Residential Portfolios
- Mixed-Use
- Warehouse
- Self-Storage
RECENT transactionS
- $400,000, Cash-Out Refinance, 50% LTV, 30 Year Term, Single Tenant/Auto Repair, Utica, NY
- $1,155,000, Cash-Out Refinance, 70% LTV, 30 Year Fixed, Single Tenant Office, Sumter, SC
- $1,672,500, Cash-Out Refinance, 75% LTV, 30 Year Fixed, Single Tenant Office/Warehouse, Concord, NC
