Receive the Financing Your Need for Your Commercial Real Estate
With a variety of ways to receive funding for your commercial real estate, it pays to know your options. Alternative financing options can offer more flexibility when compared to traditional loans. At Viva Capital Group, we provide dynamic options for dynamic businesses. Discover how a stated income commercial real estate loan can offer you the financing you need for your particular situation.
Stated Income Commercial Loan Basics
The key to receiving a stated income loan is to choose a valued property. High-value real estate can be purchased or refinanced with secure funding. Because the property is an excellent investment, much of the application centers on the value of the property rather than your financial history.
Property Value, not Credit History
Many loans focus almost exclusively on credit history. While this may give an accurate snapshot of some businesses, other businesses are unfairly denied loans due to this focus. A stated income commercial real estate loan ues the value of the property to determine loan eligibility. This offers a few key benefits:
- Fast approval of loan
- Less documentation necessary
- Only a credit score of 600 necessary
- 25-year amortized loans with fixed rates
Restaurants, apartments, warehouses or other commercial locations can all be purchased with this competitive loan option. Take advantage of this flexible and fast-paced option to secure prime real estate.
Depending on the type of property, you can expect between 65 and 75% LTV. Loans can range in value up to $500,000. Because the focus is on the property’s value, your credit score or financial history aren’t as essential to your application as they would be with a traditional commercial loan.
Ask About Financing Today
Find out whether your desired real estate qualifies for a state income commercial real estate loan. At Viva Capital Group, we offer innovative financial solutions to assist you in propelling your business into the future. Talk to a representative today to learn more.