Stated Income Financing
Stated Income Loans in Bloomington, IL
Bloomington-Normal is a stable central Illinois market anchored by State Farm's global headquarters, Illinois State University, and Illinois Wesleyan University, providing consistent demand for office, retail, and multifamily. The market's institutional employers create recession-resistant commercial fundamentals.
Apply for Bloomington Stated Income Financing →Stated Income Loan Details
Stated Income Financing for Bloomington Commercial Properties
CLS CRE provides stated income loans for commercial real estate investors in the Bloomington-Normal market. With access to 1,000+ lender relationships nationwide, we source the most competitive terms available for Bloomington properties.
Loan Amount
$5M - $50M+
Term
5 - 30 Years
Rates
7.00% - 11.00%
Ltv
Up to 70% LTV
Qualification
Bank Statements, Asset Depletion, or Property Income
Recourse
Non-Recourse Available
Other Financing in Bloomington
Permanent Loans
Bloomington, IL
Construction Loans
Bloomington, IL
Bridge Loans
Bloomington, IL
SBA Loans
Bloomington, IL
Mezzanine & Preferred Equity
Bloomington, IL
Specialty Financing
Bloomington, IL
Agency Loans
Bloomington, IL
HUD/FHA Multifamily Loans
Bloomington, IL
CMBS Loans
Bloomington, IL
Net Lease Financing
Bloomington, IL
Life Company Loans
Bloomington, IL
DSCR Loans
Bloomington, IL
Hard Money Loans
Bloomington, IL
Portfolio Loans
Bloomington, IL
Fix and Flip Loans
Bloomington, IL
Property Types in Bloomington
Explore financing by property type in the Bloomington-Normal market.
FAQ
Stated Income Loans in Bloomington FAQ
The best commercial lenders in Bloomington depend on your property type and loan needs. CLS CRE works with 1,000+ banks, life insurance companies, debt funds, CMBS conduits, and agency lenders to find the most competitive stated income loans financing for your Bloomington property. Contact us for a customized lender recommendation.
Current stated income loans rates in Bloomington range from 5.34% to 8.25%, depending on the lender, property type, and borrower qualifications. Rates in the Bloomington-Normal market are influenced by local market conditions, property quality, and competition among lenders.
Commercial loan closings in Bloomington typically take 45-90 days for permanent financing and 2-4 weeks for bridge loans. Timelines depend on the lender type, property complexity, and local requirements such as environmental reviews and appraisal turnaround times.
Not necessarily. While local banks and credit unions in Bloomington offer relationship-based lending, national lenders (life companies, CMBS, agency) often provide more competitive rates and terms. CLS CRE sources capital from both local and national lenders to find the best fit.
In the Bloomington-Normal market, the most financeable property types currently include multifamily apartments, industrial warehouses, and well-tenanted retail — all driven by strong local demand and favorable lender appetite. Contact CLS CRE for a market-specific financing assessment.
Get Stated Income Financing in Bloomington
Contact Commercial Lending Solutions for a free, no-obligation stated income loan quote for your Bloomington commercial property.
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