A stated income loan is a mortgage where the lender does not verify the borrower’s income by looking at their income tax returns, or other records. Instead, borrowers are simply asked to state their income.

Stated income loans used to be widely available before the housing market crash of 2008. When the Dodd-Frank Act was created in 2010, it heavily regulated banks and lenders. However, these loans that require no income docs or no tax returns for contractors and self-employed borrowers are available. 

We have a variety on non-bank lenders that are creative and flexible.  Some will go as low as $50,000 loan with no FICO score and close in 2 to 3 weeks.  All are asset based (Real Estate) and move very quickly.

Funding Commercial Real Estate:

The world of commercial real estate involves unique circumstances when it comes to funding. At Legacy Capital Group, our specialists have years of experience working with industry businesses. We can help you take on or complete a project through matching you to a customized commercial real estate financing program. Whether you are an owner-occupied commercial property or an investment business, we can help.

Conventional and Small Business Administration Loans

If you are in need of a conventional loan, we have options ranging from $200,000 to $100 million, featuring low rates and a loan-to-value ratio of 75% to 85%. Amortizations on these options are 30 years, making them ideal for stabilized investments or owner-occupied real estate.

When it comes to Small Business Administration Loans, we offer 7(a) and 504 options suited for flagged or non-flagged hotels and owner-occupied buildings. Our rates are competitive, and these loans feature lengthy terms.

Commercial Mortgage Backed Securities

Our CMBS loans are available up to $50 million and feature the following:

Non-recourse debt

Low interest rates

30-year amortizations and the option to cash out

Fixed terms as long as 10 years

These options are great for multi-family buildings, franchised hotels and retail and office structures.

Other Funding Options – We have private loans that can close within 2 weeks.

Thanks to our strategic alliances, we can also offer a diverse mix of financial products such as the following:

Bridge and hard money loans: Get the capital you need in a short amount of time with LTV up to 80 percent and quick closing times.

Equity and mezzanine financing: We can personalize these options and provide you with as much as $100 million based on qualifying factors.

HUD and FHA lending: If you are in rehabilitation, refinancing or new construction, you should consider these options, which come with long terms and fixed rates.

International loans: We have the ability to work just about anywhere to provide you with equity, debt or mezzanine financing of up to $1 billion.

Construction financing: With up to $100 million, these permanent financing solutions are especially beneficial to companies that have experience with the type of project they are undertaking.

Our staff would love to discuss these options with you. Please contact us today to schedule a free appointment.