Stated Income Apartment Loans
ALB Commercial Capital provides stated income apartment loans. With several hundred million in funded loans, we have become experts at what we do. Each transaction that we close is another success and experience that fills our knowledge bank and serves as an invaluable resource for our clients. This approach is specially designed for self-employed borrowers who may own a business. Since most self-employed borrowers typically try to minimize their taxable income by using depreciation, amortization, and other non-cash deductions in addition to business expense deductions, their tax returns may not fully reflect their available cash flow. In such cases, a Stated Income approach may work best, since lenders rely so much upon borrower(s) tax returns when performing a cash flow analysis. http://albcommercialcapital.com/anatomy_of_deal.php
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