California, CA (PressExposure) July 30, 2014 -- There is an alternative for the commercial property owner who needs a refinance or purchase loan and who has been turned down by a bank for numerous reasons. One big obstacle many commercial property owners have today is the fact that banks need tax returns and financials that show a profit sometimes for up to three years, have excellent credit scores and a good debt to income ratio. Enter the stated income commercial loan (http://alliedcommercialfunding.com/stated-income).
Allied Commercial Funding Corp is now a direct lender for Stated Income Loans to commercial property owners on a multitude of different commercial property types in most states. No tax returns are need. No Debt to Income is calculated. To get started, the commercial property owner or investor only has to provide Allied with an application and a tri-merge credit report from Experian.com with all three credit scores. The mid credit score must be above 640 and no more than 2 mortgage lates in the last two years.
Jerry Carll, President of Allied Commercial Funding Corp said "There is a need for the commercial property owner or investor to be able to get alternative financing. After a rough economy over the last several years many may find they no longer qualify for a bank loan. Let's say they write off all their income, had a bit of financial problems in the past that lowered their credit score or can't provide all the financials that banks ask for. I'm proud to state we now fulfill that niche and can provide a thirty year fully amortized Stated Income Loan in most states and as long as the commercial or investment property is not in a rural area."
Stated income loans are available to the commercial property owner on apartment's buildings, retail centers, mixed use property, light industrial, warehouses, storage centers, office condos and other type of income or owner user commercial property. There is good news as well for the single family home one to four unit investors as they can now take advantage of stated income loans for investors http://alliedcommercialfunding.com/stated-income-investor-loans).