Can a Stated Income Commercial Real Estate Loan Help Grow Your Business?
For businesses that have trouble securing traditional loans due to poor or limited financial histories, a stated income commercial real estate loan could be an excellent alternative. This flexible form of financing can be used in any way to grow your business. At Moneyfest Capital, we provide this avenue of financing to companies of all sizes.
What Makes Stated Income Loans Different?
While traditional loans are typically approved based upon credit history, stated income loans focus on the value of the company’s property. If the value of the real estate exceeds the cost of its taxes, insurance and mortgage, it qualifies for this type of financing. Because stated income loans do not require high credit scores, they are ideal for new businesses or those that are struggling financially. These loans often require less paperwork than traditional financing so they are usually approved more quickly.
What Are the Terms for a Stated Income Loan?
When you receive a stated income commercial real estate loan from Moneyfest Capital, your company stands to receive loan amounts of up to $500,000. The money can be used to refinance, consolidate debt, purchase inventory or renovate property. With a qualifying credit score of at least 600, you will also gain the following advantages.
- Self-employment and W-2 documentation
- Up to 75% LTV for multi-use properties
- Up to 70% LTV for owner-occupied and investment properties
- Up to 65% LTV for commercial property
- 25-year terms
- Fixed rates
Contact Us Today
A stated income commercial real estate loan is a flexible form of financing designed to help businesses reach their full potential. Because this type of loan has a less rigorous application, many companies have an easier time qualifying for it. If you are interested in securing this financial solution to build your business with, contact Moneyfest Capital today to see if you qualify and learn more about this avenue of financing.