Choose the no-tax-return loan
Self-Employed Commercial Loans: Owner-Occupied or Investment
Self-employed borrowers have two commercial loans that do not use tax returns. If the business occupies the building, the 12-month business bank statement commercial loan is the program page. If the property is an investment the business will not occupy, the commercial DSCR loan is the program page. Cressida Direct lends nationwide except DE, ID, HI, MI, MT, ND, SD, VT, WV, WY. This page only helps you choose. It does not republish the rate, credit score, or occupancy test.
Business occupies the building
12-month business bank statement commercial loan
Investment property
Commercial DSCR loan
Tax returns
Not required on either path
Where Cressida lends
Nationwide except DE, ID, HI, MI, MT, ND, SD, VT, WV, WY
Rate, credit, and occupancy
Published on each program page, not here
Program Parameters
| Parameter | Details |
|---|---|
| Business occupies the building | 12-month business bank statement commercial loan |
| Investment property | Commercial DSCR loan |
| Tax returns | Not required on either path |
| Where Cressida lends | Nationwide except DE, ID, HI, MI, MT, ND, SD, VT, WV, WY |
| Rate, credit, and occupancy | Published on each program page, not here |
Eligible Property Types
Which loan is it?
This page is not a second term sheet. If the business occupies the building, the 12-month business bank statement commercial loan is the program. If the property is an investment, the commercial DSCR loan is the program. Cressida Direct lends nationwide except DE, ID, HI, MI, MT, ND, SD, VT, WV, WY. A program can exclude more states, and those limits stay on that program's page.
A fit when tax returns understate the business
The published program qualifies the borrower on 12 months of business bank statements. Tax returns are not required.
- You're self-employed, and write-offs make your tax returns understate what your business earns.
- A bank declined you on tax-return income, but your business deposits are strong and consistent.
- You want a fully amortizing loan with no balloon, underwritten and funded by the lender you apply to.
Worked Loan Scenario
Past closing: a self-employed practice bought its building
A past dental-practice purchase used the owner-occupied program: a $1,500,000 building, a $1,125,000 loan, and 75% loan-to-value, documented with 12 months of business bank statements. The current close window is on that program page. This example does not add a separate day count.
The Deal
- Borrower
- Self-employed dental practice owner
- Property
- The building the practice occupies
- Price
- $1,500,000
- Documentation
- 12 months of business bank statements, no tax returns
How We Structured It
- Loan amount
- $1,125,000
- Loan-to-value
- 75% LTV
- Amortization
- Fully amortized over 30 years, no balloon
Cressida Direct lent $1,125,000 on 12 months of business bank statements, with no tax returns. Read the current terms on the owner-occupied program page.
Related tools & programs
The program page. Rate, credit, occupancy, states, and the document list are published there.
Commercial DSCR LoanInvestment property the business will not occupy, qualified at a 1:1 minimum DSCR with no tax returns.
No-ratio commercial loansHow no-DSCR financing on commercial property is structured today.
Frequently Asked Questions
Where can a self-employed investor get a commercial loan without tax returns?
Can I qualify for a commercial loan with bank statements instead of tax returns?
How much can I borrow on a bank-statement commercial loan?
How do you calculate my income from bank statements?
Is there a balloon payment, and how long does it take to close?
What if I'm buying an investment property, not a building my business uses?
Which states does Cressida Direct lend in?
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