Grow Your Business With a Stated Income Commercial Real Estate Loan
If you want to avoid the hassle of dealing with banks or mountains of paperwork, a stated income commercial real estate loan with Affinity Capital Funding is the solution. We can help with all matter of things relating to your commercial property.
The Basics of a Stated Income Loan
Rather than focus on a borrower’s credit history, a stated income loan concentrates on the property itself. This can be a restaurant, hotel, apartment complex, warehouse or any other business. The main point is that the taxes, mortgage and insurance are all covered by the value of the piece of real estate.
While this type of loan does not require as much documentation as a traditional loan, you are still required to submit self-employment documentation or a W-2. Also, in order to qualify you need a credit score of at least 600. A representative can answer any questions you have and provide more details.
The Uses of a Stated Income Loan
Some loans have heavy restrictions on how the funds may be allocated, but that’s not the case here. The following is a list of ways you can use this stated income commercial real estate loan:
- Working capital
- Property renovations
- Debt consolidation
- Purchasing property
The Benefits of a Stated Income Loan
Before you speak with a representative about your stated income loan, there are a few advantages you should be aware of. These benefits are as follows:
- Fixed rates
- Loan amounts up to $500,000
- Funds can be used for a wide variety of purposes
- Amortized loans with 25-year terms available
- Between 65% and 75% LTV
Get Started Today
No matter what type of commercial property you own, Affinity Capital Funding has the stated income commercial real estate loan for you. Contact us today to speak with a representative and begin your application. We are here to help you finance your business and succeed in your industry.