Unlock the Potential in Your Properties With Stated Income Loans
If you are looking to expand your real estate portfolio aggressively, you already know that your lending support makes a huge difference when you are budgeting for a property. Whether that budget covers acquisitions, renovations, or both, it requires a loan structure that doesn’t get in the way of reinvestment or improvement. If you are managing multiple properties, then it also helps to have lending that allows you to move equity where you need it at the moment. That’s why stated income commercial real estate loans are such powerful tools.
How Stated Income Loans Work
Since these loans are based on the earning potential of the building, they are more flexible than most loans that fund the acquisition of properties. They are also free of the expectations of the current real estate market, which is good if you are refinancing with an eye toward improvements and other reinvestments and not simply attempting to acquire them. They still have simple, amortizing structures and fixed rates to make them easy to manage, too.
- Funding for those with a 600 or higher credit score
- Up to 65% LTV for warehouses, office buildings, and other commercial properties
- Up to 70% LTV for 1-4 unit non-owner occupied residential buildings
- Up to 75% LTV for 5+ unit non-owner occupied residential buildings
- W-2 or self-employment verification
- Up to 25 year terms
- Fixed rates
If you are ready to move forward with a stated income commercial real estate loan for your business, get ahold of an Allegiant Commercial Experts associate today. They are standing by to answer questions and help with applications so that you can access the commercial lending you need to help your company get ahead. Whether you are financing a purchase, refinancing, or looking to take cash out for another investment, stated income loans are built to work for your business.