Choose a Stated Income Commercial Real Estate Loan
Tired of getting tied up with loan approval paperwork? Having trouble securing a business loan at all? If so, it is time to consider a stated income commercial real estate loan from Ascension Business Capital. These loans can be used to:
- Purchase or improve property
- Build working capital
- Refinance your business
- Consolidate debt
With short approval windows, these loans can assist you in improving your company’s financial situation quite quickly. In other words, they can give your business the boost it needs to reach new heights.
Stated Income vs. Traditional Loans
Traditional loans tend to focus more on a borrower’s credit history rather than on the value of the real estate involved. As long as the property covers the financial requirements of the stated income loan, such as insurance or taxes, it is likely that the approval will go through quickly. Less paperwork makes for a quicker, smoother transaction.
If a business meets the financial requirements of the stated income loan, it does not really matter what industry it is in or what type of property is being discussed. Some examples of property that can qualify for such a loan include but are not limited to the following:
- Real estate
Stated Income Loans: What You Should Know
Still not sure if a stated income commercial real estate loan is for you? Here are some more details about what these loans involve to help you decide if one will work for your business:
- 25-year amortized loans
- Applicable to nearly any type of commercial property
- Fixed rates
- Funds useful for flexible spending purposes
- Large loan amounts up to as much as $500,000
- Variable loan-to-value (LTV) up to between 65% and 75%
Contact us today to learn more about securing a stated income loan. With closing dates that start at two to three weeks, you owe it to yourself and your company to learn more about this financial solution.