Discover the Benefits of State Income Commercial Real Estate Loans
Are you looking for funding for your new commercial real estate project? A stated income loan may be for you. With higher rates of approval and less paperwork, this alternative type of real estate loan can help you consolidate debt, purchase property, renovate or refinance. It may be the funding solution you’ve been looking for.
What Is a State Income Loan?
With a traditional loan, you need to provide financial statements that are used, along with your credit history, to determine your eligibility. On a stated income loan, the value of the property is a greater factor in the process. Provided that the property value is enough to cover the mortgage, taxes and insurance, you are more likely to be approved.
We help businesses buy food service, hospitality, investment, warehouse and other property types. Better yet, the decisions are faster and require less paperwork than traditional loans. If you need to move quickly on your real estate project, this may be the right option for you.
What Do You Need to Know?
Stated income commercial real estate loans are simpler and faster than conventional loans. These are a few details to help you determine if one is right for your business:
- Lower credit qualification requirements
- Fixed rates and amortized loans
- Financing available for almost any property type
- Only basic financial information needed
- Funds can be used for various purposes
- Generous loan-to-value ratios
Many businesses opt for this type of loan to take advantage of a limited-time opportunity. Others use this type of loan when they have other, conventional credit lines in use. Still more use stated income loans to finance their real estate projects when they can’t get the right terms from conventional sources.
Discover what a stated income commercial real estate loan could do for your business. Contact Maestro Capital Solutions today to speak to a representative about a consultation and analysis of your financial needs.