Use Your Company’s Property To Secure Funding
If your company needs access to flexible funding but does not qualify for traditional loans, you have an alternative option if your business owns a piece of real estate. A stated income commercial real estate loan is a flexible financing solution that is approved based upon the value of your property rather than your company’s credit history. Braga Commercial Lending offers this type of loan and allows business owners to use the funding they receive in any way.
How Are Stated Income Loans Different From Traditional Financing?
To obtain a traditional loan, you will have to complete a significant amount of paperwork and you may not be approved for the funding you need if your business has a poor or limited credit history. A stated income commercial real estate loan focuses on the value of the company’s property rather than credit history. If the value of your real estate exceeds the cost of its mortgage, taxes and insurance, it qualifies for this type of financing. It also requires minimal paperwork.
What Are the Terms for a Stated Income Loan?
Stated income loans are beneficial because they are so flexible. You are free to use the funds you receive in any way necessary to enrich your business. This type of financing is designed to help you consolidate debt, refinance, purchase inventory or renovate property as needed to help your company thrive in a competitive marketplace. You will also gain the following advantages.
- Loan amounts up to $500,000
- Up to 75% LTV for multi-use properties
- Up to 70% LTV for investment and owner-occupied properties
- Up to 65% LTV for commercial properties
- Fixed rates
- 25-year terms
- W-2 and self-employment documentation
Contact Us Today
If you need access to flexible funding that can help your business grow, a stated income commercial real estate loan from Braga Commercial Lending could be an ideal solution. Contact us today to see if this is the right financial solution for you.