Stated Income Commercial Real Estate
How Is a Stated Income Loan Different From Other Types of Financing?
Traditional loans are often earmarked for certain purposes while the funds from a stated income loan can be used in any way. Stated income loans are also easier to qualify for because they are not approved based on credit history. Qualification for stated income loans is based on property value, so if your business owns a piece f real estate with a value that exceeds the cost of its expenses, it automatically qualifies for this avenue of financing. You can expect to receive money from a stated income loan quickly because this financial solution requires minimal paperwork and documentation.
What Are the Benefits of Stated Income Loans?
- 75% LTV for mixed-use properties
- 70% LTV for investment and owner-occupied properties
- 65% LTV for commercial properties
- W-2 and self-employment documentation
- 25-year terms with fixed rates
- Loan amounts of up to $500,000
A stated income commercial real estate loan for many companies because it allows you to grow your business however you deem fit. If you think this financial solution is right for your company, contact BT84 Commercial Capital today to see if you qualify.
Ready to get started?
Call us today to be put in touch with our financial professionals, who are ready to answer your questions and provide a free, no-obligation analysis and consultation to help you determine which loan is the right fit for your business needs.