How a Stated Income Commercial Real Estate Loan Can Benefit You
If you haven’t had much success with approving loans, there may be a solution for you. Stated income commercial real estate loans help many businesses receive the money they need to purchase, improve, and consolidate debt. All businesses need to apply is a property and decent credit score. With less pressure concerning your credit history and more focus on the property you own, you can get started on receiving the funds you need.
A Way to Success
We can help you and your business. The value of your property can determine the loan we approve. If the property value sufficiently covers all taxes and insurance of the loan, you can receive financial support. A stated income commercial real estate loan can help you do the following things:
- Acquire property
- Build working capital
- Minimize debt
- Develop property
Diversified Commercial Funding can give you the ability and freedom to use a stated income commercial real estate loan to your advantage.
A Great Alternative to Traditional Loans
If you are considering a loan such as this, it’s important to know how they work. This type of loan is approved faster than a traditional loan because the borrower’s credit score and history aren’t nearly as important as the property itself. Keep in mind that a qualifying credit score of 600 is required. A few perks of this loan include:
- A 65% loan-to-value ratio
- Less paperwork than traditional loans
- Freedom of property type
- Amortized 25-year terms
With the many benefits and features of this specific type of loan, it may be the best option for your company. With funds available, you can expand and grow your business.
If you are interested in this type of loan, call today and speak with our financial experts. We can answer any questions you have and discuss the possibilities of obtaining a loan for your business.