When you are analyzing a residential loan, you can determine program eligibility once you know the loan amount and loan to value (LTV), know your borrowers credit, know the income of your borrower to calculate their debt to income ratio (DTI), and accurately profile them for the most suitable loan product. On a full doc commercial loan both the borrower’s financials and the property financials are being analyzed. The borrower is expected to have an acceptable DTI and the property is expected to have an acceptable debt service coverage ratio (DSCR). If you were to submit the deal under a stated income stated asset (SISA), or no income no asset (NINA), program, it simply means that the borrowers information is not analyzed (except for their credit), however the property income is still being analyzed to show that it will generate sufficient income to have an acceptable DSCR.

If you would like to get an informed analysis of a commercial loan that you are working on and would like some realistic expectations, remember that you may always contact someone at Griffin Capital Funding and Carteret’s Commercial Division at (800) 710-6762 for a no obligation quote.

Contact Stated Commercial Loans:
Dr. Bill Asimacopoulos
Total Health Chiropractic Center
Fredericksburg, VA

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