Stated Income Commercial Real Estate
Is a Stated Income Loan Right for Your Business
All companies need access to flexible financing to grow. While the funds offered by traditional avenues of financing are often allocated for a specific purpose, you are free to use the money from a stated income loan in a wide variety of ways. Choose to consolidate debt, build inventory, purchase property or refinance as necessary to improve your business with the money you receive from America’s Lending.
What Are the Benefits of a Stated Income Loan?
The freedom to use the funds you receive in any way you deem fit is the biggest benefit of stated income loans, but America’s Lending also offers the following advantages to borrowers with a credit score of at least 600.
- Loan amounts of up to $500,000.
- Up to 65% LTV for commercial properties such as warehouses, retail spaces and office buildings.
- Up to 70% LTV for investment and owner-occupied properties.
- Up to 75% LTV for mixed-use properties.
- W-2 and self-employment documentation.
- Fixed rates with terms of up to 25 years.
What Makes a Stated Income Different From Traditional Avenues of Financing?
The primary difference between stated income commercial real estate loans and traditional financing is how they are approved. Traditional loans often focus on credit history to determine eligibility while stated income loans look at property value instead. Your company automatically qualifies for a stated income loan if it owns property with a value greater than the cost of its insurance, mortgage and taxes. This makes stated income loans ideal for businesses that are struggling financially, and because they require less documentation and paperwork, stated income loans are often approved more quickly than other types of financing.
Get Started Today
The stated income loans offered by America’s Lending are designed to help your business thrive in the competitive marketplace. If you are interested in learning more about how this avenue of financing can benefit your business, contact us today.