A Stated Income Loan Could Fuel Your Commercial Real Estate Goals
Are you looking for funding to help pay for your commercial real estate project? Have you been turned down for financing elsewhere or are you looking for a faster process? You may benefit from a stated income commercial real estate loan. This alternative to traditional lending helps people avoid the mountains of paperwork and get to a commercial loan with ease.
How a Stated Income Loan is Different
With a conventional loan, the lender primarily considered the borrower’s credit and ability to repay the loan. The property is only considered from a perspective of how much it is worth. A stated income loan considered the property’s value and whether it can pay for the mortgage, taxes and insurance. If it is able to generate sufficient value to cover these costs, The Capital Rams can likely extend financing. Whether you are trying to buy a restaurant, apartment building, office space, warehouse or any other type of commercial real estate, The Capital Rams can likely help if the property meets our requirements. This process is faster and does not require as much documentation as a conventional loan. Therefore, many borrowers use it when they need funds for a time-sensitive opportunity.
More About the Loans
At The Capital Rams, our goal is to help you find the right funding for your business needs. If you think a stated income commercial real estate loan may be for you, these are some of the basics you need to know to help make your decision:
- Qualifying credit score as low as 600>
- High loan-to-value ratios, especially on residential buildings>
- Basic financial documentation only>
- Almost any property type allowed>
- Funding for many business needs including purchases, refinancing, renovating and debt consolidation>
- Generous loan amounts available>
If you are interested in a stated income loan from The Capital Rams, contact us today. One of our representatives will be happy to help you get started.