Traditional lenders, such as banks, are ruled by federal and state regulators. The stringent regulations result in overly complex application processes and applicant requirements. The result is a system of supposed safeguards that limit loan access and reserve approvals for only a few outliers.

Capital Trust Lending believes all applicants should have access to loans without having to jump hurdles. As a private lender, we have more flexibility with loan requirements and terms, allowing us to create the stated income commercial real estate loan program — a superior program for investors and developers.

Critical Differences Between Conventional Programs and Ours

Traditional lenders must perform thorough credit and financial history reviews before considering or approving an applicant. They often require credit scores in the upper 600s or mid-700s to qualify. The amount of back-and-forth applicants must subject themselves to can result in a process that takes several weeks or months to finish with no guarantee of approval.

We do not take such an exhaustive approach. Our stated income program is straightforward: The property value must cover the loan basics — mortgage, insurance, and taxes. Regarding personal requirements, we require applicants to have a minimum credit score of 600 and proof of employment through W-2 or self-employment documents.

Because our program does not require extensive combing through financial histories, we can approve loans much faster than traditional institutions. Our program can help you get the funds you need faster than other lenders.

Our Program Benefits

Besides the speed and accessibility of our loan program, the stated income loan has several benefits. A few of the more notable advantages include:

  • Restriction-free funding
  • Loan amounts up to $500,000
  • Fixed rates with specific loan terms
  • Most property types applicable
  • Up to 75% LTV, depending on the property

Call Our Team Today

Are you ready to apply? Contact a Capital Trust Lending representative to learn more and start the application process.