Stated Income Commercial Real Estate
How Can a Stated Income Loan Grow Your Business?
The business industry is competitive, and you need access to the right type of financing if you want to grow your company successfully. Many companies opt for traditional types of loans, but if these avenues of financing are not right for you, you may want to consider securing a stated income commercial real estate loan. Champagne Global Capital Lending offers this type of flexible financing.
What Is a Stated Income Loan?
A stated income loan differs from traditional financing in three key ways. Not only are stated income loans usually approved quickly because require little paperwork and documentation, but they also are easier to qualify for. Any company with property that has a value greater than the cost of its expenses automatically qualifies for a stated income loan, regardless of credit history or property type. The final difference is flexibility. While most traditional loans dictate how you spend the money you receive, stated income loans give you complete control over how you grow your company with the funds you receive.
What Are the Terms for a Stated Income Loan?
Flexibility may be the main benefit of stated income loans, but this type of financing also offers additional advantages. Anyone with a credit score of at least 600 qualified for the following terms when they secure a stated income loan from Champagne Global Capital Lending.
- Loan amounts up to $500,000
- Sef-employment and W-2 documentation
- 25-year loan terms with fixed rates
- 65% LTV for commercial properties such as warehouses, retail stores, office buildings and storage facilities
- 70% LTV for investment and owner-occupied properties
- 75% LTV for multi-family and mixed-use properties
- Freedom to enrich your business in any way you deem fit
If you think a stated income commercial real estate loan is the right financial solution for your company, Champagne Global Capital Lending has the financing options you need. Contact us today to customize a stated income loan so your business can thrive.