Stated Income Commercial Real Estate
Provide Your Business With a Stable Financial Foundation
Securing flexible financing is the best way to give your business its best chance of succeeding in the competitive marketplace. A stated income commercial real estate loan is an excellent financial avenue for many companies and the terms offered by Alliance Commercial Finance allow you to use the funds you receive from this type of loan in any way you see fit.
How Are Stated Income Loans Useful?
A stated income loan is a great option for many businesses because it is typically approved more quickly than other types of financing. Because this type of loan requires less paperwork than other forms of financing, you don’t have to wait as long to get the money you need. Stated income loans are also easier to qualify for because you don’t need perfect credit to be eligible for this avenue of financing. If your company owns property with a value that is greater than the cost of its expenses, it automatically qualifies for a stated income loan even if it has a poor credit history.
What Are the Benefits of Stated Income Loans?
Although the flexibility to use the funds you receive in any way to improve your business is the primary advantage of a stated income loan, Alliance Commercial Finance provides additional benefits with this avenue of financing. If your credit score is higher than 600, you will earn the following advantages.
- Self-employment and W-2 documentation
- Terms loans of 25 years with fixed rates
- Loan amounts up to $500,000
- 65% LTV for commercial properties such as offices, warehouses and retail stores
- 70% LTV for investment and owner-occupied properties
- 75% LTV for mixed-use and multi-family properties
Alliance Commercial Finance is prepared to give your business a solid financial foundation with a stated income commercial real estate loan. If you think this is the right avenue of financing for you, contact us today.