Financing Your Commercial Real Estate Is Easier Than Ever
Real estate loans can come with mountains of paperwork, but they don’t have to. Commercial Capital Access offers stated income commercial real estate loans with minimal paperwork and enticing benefits so you can achieve your goals.
General Information About a Stated Income Loan
Before signing any agreement or filling out an application, it’s important to understand right off the bat that a stated income loan is different from a traditional loan. For starters, a stated income loan does not require as much documentation. That being said, borrowers still need to have a credit score of at least 600 and be able to show proof of income in the form of self-employment documents or a W-2.
The other way a stated income commercial real estate loan differs from a traditional loan is that the borrower’s credit history is not as important as the overall value of the property. Taxes, the mortgage and the insurance must all be covered by the property value for a borrower to qualify for the loan.
Benefits of a Stated Income Loan
A stated income loan can help your business with projects involving commercial properties, but it also offers your company several benefits. The following is a list of the top benefits:
- Fixed rates
- 25-year terms
- Amortized loans
- 65% to 75% LTV available
- Loan amounts up to $500,000
There is no limit of what you can use this loan for. Whether you need to refinance, renovate, rebuild, consolidate debt or purchase real estate, you can use this funding as you wish. You can also use this funding on a variety of property types, including restaurants, housing, and warehouses.
Contact Us Today
If you need financial assistance with your commercial real estate project, look no further. Contact Commercial Capital Access today to speak with an expert about the stated income commercial real estate loans we offer and receive an obligation-free consultation before beginning the application.