Stated Income Commercial Real Estate
Choose a Stated Income Loan To Access Working Capital
Purchasing new real estate or accessing the equity in a property you already own can be a long process if you go the traditional route. However, you can cut the red tape with a stated income commercial real estate loan from Capital Peak Financing.
The Benefits of a Stated Income Loan
If waiting weeks for approval doesn’t fit your timeline, then a stated income loan may be the perfect solution. Stated income commercial real estate loans have a much faster processing time than traditional mortgages, so you can jump on business opportunities as they arise.
Additionally, you may qualify for this type of financing even if you’ve been turned down for loans in the past. Upon approval, you can enjoy the following benefits:
- Full amortization
- 25-year terms
- Fixed rates
The Application Process
Traditional loans require stacks of paperwork, including financial statements. In contrast, when you apply for a stated income loan through Capital Peak Financing, we ask for employment documentation such as a W-2 and proof that the collateral’s value can cover the loan principal, taxes and insurance. We also require a credit score between 600 and 700, depending on the property type and LTV ratio.
How much cash can you get? We can offer the following:
- 70% LTV for investment properties that are non-owner occupied
- 65% LTV for retail, warehouse, auto service, self-storage and office properties
- 75% LTV for mixed-use and multifamily properties
The Many Uses of Stated Income Loans
Once you have the funds, how can you use them? Borrowers can put their loans toward any of the following:
- Purchasing real estate
- Debt consolidation
The Best Time To Apply
When should you apply? The sooner you get your application in, the sooner you get your funds. If your business needs an influx of working capital right now, there’s no better time to apply. To get started on your application, contact Capital Peak Financing today.