Become Approved Today for a Stated Income Commercial Real Estate Loan
Receiving a commercial real estate loan can be difficult. Strict financial and credit history requirements leave many businesses struggling to receive financing after having an application denied. If you need real estate financing but a traditional loan isn’t an option, Commercial Capital Funding has stated income real estate loans that may be right for you.
What is a Stated Income Loan?
Traditional commercial real estate loans require high credit scores and a proven track record through financial statements. This can be difficult to achieve, and nearly impossible for a small business owner.
Instead, a stated income commercial real estate loan looks more closely at the value of your real estate. As long as the value of the property you wish to purchase can cover the taxes, insurance and mortgage, you may qualify for a stated income loan.
Benefits of a Stated Income Commercial Real Estate Loan
While similar to a traditional commercial loan, here are some of the benefits you’ll receive if you qualify for our stated income loans:
- 25-year amortized loans
- Fixed rates
- Variety of acceptable property types
- Flexible funding for refinancing, debt consolidating or purchasing
- Up to 75 percent LTV for many properties
The LTV will depend on the property type. Depending on the value and type of location, you may receive from 65 percent LTV up to 75 percent LTV and a loan as large as $500,000. 75 percent LTV typically requires a credit score of at least 700.
Call Us Today
A stated income commercial real estate loan can give your business the second chance it deserves. Whether you’re attempting to purchase an investment property or a storefront for your small business, don’t let a rejected commercial loan application keep you from owning your commercial property. Contact us today at Commercial Capital Funding to discover how you can take advantage of our flexible commercial loan options.