Secure the Property You Need With a Stated Income Commercial Real Estate Loans
A stated income commercial real estate loan has become a common alternative to traditional commercial loans. Whether you are looking to buy or refinance a commercial property, Commonwealth Capital Solutions has options for you. This form of loan tends to have a smoother process because it focuses on the value of the property more than the credit of the borrower. This requires less documentation, which also helps to make the process quicker.
Allocated for Your Benefit
Investors and builders may utilize the loan to finance a variety of properties, including:
- retail and office real estate
- apartment buildings
- and more
At Commonwealth Capital Solutions we understand that different businesses have a variety of needs, so we do not put restrictions on how funds may be used. We trust our clients to distribute funds as needed to keep their businesses afloat. There are a few common expense choices that many businesses use the loan for.
- property purchase: secure an investment property or working space
- property improvements: expand or fix up your current property
- working capital: cash available for various business expenses
- debt consolidation: refinance debt into one low payment
- refinancing: decrease loan payments and get one fixed-rate
In order to qualify for the stated income commercial real estate loan, borrowers must meet a few requirements. They must be W-2 workers or self employed, and have a minimum of a 600 credit score. After approval our representatives work with business owners to decide upon the best loan option for the business. During this time the amount is determined, which ranges between $100,000 and $5,000,000. There are also soft money loan options that allow borrowers to obtain up to $500,000.
At Commonwealth Capital Solutions the approval process is quick and easy, and we work to get you your loan expeditiously. In fact, most business owners receive funds within two to three weeks. To begin the process or receive more information, contact us today.