Commercial Real Estate Loans
Financing Commercial Real Estate With Stated Income Loans
Securing a loan from a traditional financing source in today’s economy is not always easy. New rules and regulations can make it difficult for business owners to purchase or refinance commercial property with a commercial loan from a bank. At Abel Commercial Funding, we offer stated income loans designed to help our clients get the financing that they need to meet the demands of the fast-paced commercial real estate market. With less focus on a business’ credit history and more on the real estate itself, this type of financing is ideal for businesses looking for a quick, uncomplicated solution.
Advantages of Obtaining a Stated Income Loan
When working with a bank to obtain a loan, business have to provide huge amounts of documentation proving their income and good credit. The requirements for a state income loan from Abel Commercial Funding are simpler to meet and to understand. As long as the income value of a property can cover taxes, mortgage and insurance, approval is practically guaranteed.
- Owner and Non-Owner Occupied Properties
- Loan Sizes from $100,000 to $10,000,000.
- Up to 75% LTV – Up to 80% with seller held second
- Cross collateralization allowed for higher LTV
- 600 Credit score to qualify
- No up-front fees
- 3,5,7,25,30 year fixed w/rates from 5.5%
- Purchase, refinance, and cash-out refinance (limits on cash-out)
- Interest only programs available
- Closing in 3-4 weeks
Other financing sources can be slow to provide approval for a stated income loan. At Abel Commercial Funding, we strive to get our clients approved within as little as two to three weeks. With loans available at up to $5,000,000, businesses can be ready to move before opportunities are missed.
How Do Most Businesses Use Stated Income Loans?
Those businesses who choose to work with the team at Abel Commercial Funding often utilize the financing to secure a piece of real estate that directly benefits the company, including the following:
- Retail real estate
- Office real estate
1-4 Family Rental
Beyond purchasing real estate, some businesses use stated income commercial real estate loans to consolidate debt, make improvements to property, refinance a mortgage with a high interest rate or secure working capital.
Get Started Today
The right financing can make a big difference on a business’ success. Don’t hesitate to give us a call and let a member of our expert financial team help you secure the loan your business needs.