How Can a Stated Income Loan Benefit Your Business?
While many types of financing allow you to grow your business in specific ways, stated income commercial real estate loans allow you to enrich your company in any way you deem fit. Rise Commercial Capital and Marketing offers this avenue of financing to businesses of all types. We work with any property type and offer many significant benefits to securing a stated income loan with us.
What Makes a Stated Income Loan Different Than Traditional Financial Solutions?
Stated income commercial real estate loans differ from traditional financing in two distinctive ways. First, stated income loans require less documentation and paperwork than other types of financing so they are often approved more quickly. Second, stated income loans are often easier to qualify for because they have a less stringent approval process. Instead of focusing on credit history, stated income loans base eligibility off of property value. As long as your company owns property with a value greater than the cost of its expenses, it qualifies for a stated income loan. This allows startups and companies that are struggling financially to obtain the flexible financing they need to grow.
What Are the Benefits of a Stated Income Loan?
You are free to use the money you receive from a stated income loan in any way to improve your company. Whether you need to purchase equipment, refinance, build inventory or consolidate debt, a stated income loan provides you with the funds to do so. A credit score of at least 600 will also grant you the following benefits.
- 25-year terms with fixed rates
- Loan amounts of up to $500,000
- W-2 and self-employment documentation
- 65% LTV for commercial properties
- 70% LTV for investment properties
- 75% LTV for mixed-use properties
Contact Us Today To Get Started
A stated income commercial real estate loan allows you to grow your business in many ways. The stated income loans offered by Rise Commercial Capital and Marketing are competitive, so contact us today to find out if this financial solution is right for your company.