Will a Stated Income Commercial Real Estate Loan Help Your Company Grow?
If you are looking for a flexible avenue of financing to grow your company with, a stated income commercial real estate loan could be the right solution for you. Capital Crown Investments offers this type of financing with generous terms and allows you to use the money in any way you deem fit to enrich your company.
Advantages of Stated Income Loans
Flexibility is the primary benefit of stated income loans. You can use the money you receive to purchase equipment, build inventory, refinance or any other reason to improve your company and help it thrive. If you have a credit score of 600 or more, you will also earn the following advantages.
- Loan amounts of up to $500,000
- 75% LTV for multi-use properties
- 70% LTV for investment and owner-occupied properties
- 65% LTV for commercial properties
- W-2 and self-employment documentation
- Fixed rates with 25-year terms
Differences Between Stated Income and Traditional Loans
While both traditional and stated income loans have benefits, businesses that are struggling financially may have an easier time securing the latter option because they have less stringent requirements for approval. If your company owns property with a value that exceeds the cost of its mortgage, taxes and insurance, it qualifies for a stated income loan regardless of which type of property it is. Because it does not use credit history to determine eligibility, a stated income commercial real estate loan is a great financial option for new businesses. This type of financing is also usually approved more quickly than traditional loans because it requires less documentation and paperwork.
Get Started Today
Businesses of all types and sizes can benefit from stated income commercial real estate loans. If you think this avenue of financing is right for your business, contact Capital Crown Investments today and we can get you the money you need in as little as 24 hours.