Funding for Your Commercial Property
Do you own or want to own a piece of commercial property? A stated income commercial real estate loan from Impact Commercial Capital may be the answer. We provide the funds you need to purchase or work on property in a variety of industries.
Basics of a Stated Income Loan
In order to qualify for a state income loan, the taxes, insurance and mortgage of the piece of real estate must all be equal to the total value of the property. In fact, the property value is more important than your credit history for qualification purposes. You do, however, need a credit score of 600 and sufficient employment documentation such as a W-2 to apply for the loan.
Most property types are covered, including restaurants, apartments and even warehouses, among others. Once you have secured the stated income commercial real estate loan, you can do the following:
- Purchase real estate
- Renovate property
- Consolidate debt
Benefits of a Stated Income Loan
If you are thinking about applying for this loan, make sure you have all the facts. You know what this type of loan is and what it covers, but what about the benefits for you? Some of the benefits you can receive with this funding option include the following:
- Competitive fixed rates
- 25-year terms
- Between 65 and 75 percent LTV
- Monies for wide range of applications
- Funding up to $500,000
Impact Commercial Capital has representatives prepared to answer any questions you have regarding the loan, so don’t hesitate to call. We are here to help you.
Get Started Today
If you are looking to own commercial real estate or want to make changes to the property you already own, you need a stated income commercial real estate loan. Contact Impact Commercial Capital today to learn more about this funding option or to begin the application process. Your real estate dreams can become a reality in just a few weeks.