Stated Income Loans in Utica, NY

The best commercial lenders in Utica 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 Utica property. Contact us for a customized lender recommendation.

Current stated income loans rates in Utica range from 5.34% to 8.25%, depending on the lender, property type, and borrower qualifications. Rates in the Utica-Rome market are influenced by local market conditions, property quality, and competition among lenders.

Commercial loan closings in Utica 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 Utica 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 Utica-Rome 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.