Stated Income Commercial Real Estate
Stated Income Loans: An Alternative to Traditional Lending
When taking out a new loan, it is important to consider which type of loans will work best for you. Traditional loans can be versatile, reliable and have a well-known and standardized application process. For many businesses, there’s no reason to consider anything beyond a traditional loan.
But for businesses without capital or strong credit history, or even one that just needs access to funds quickly, this may not be the best option. If these circumstances describe your business, consider a stated income commercial real estate loan from Bold Growth Solutions.
A Faster Alternative
Stated income loans aren’t a kind of subprime loan, and are ideal for many kinds of situations, not just for businesses with weak credit histories. The main difference between a traditional loan and a stated income loan is that stated income loans just look at the value of your property. As long as the stated income of your real estate can cover the mortgage amount, taxes and insurance, you can qualify without having to submit your income or credit score.
By only requiring verification of the property value, we are able to process these loans quickly, making a stated income loan a great option for any business that doesn’t want to deal with the long waits involved with traditional loans. Stated income loans can be useful for building capital or purchasing new property.
Benefits of a Stated Income Loan
Applying for a stated income loan with Bold Growth Solutions means that you get the following benefits:
- Fixed rates on up to 25-year loans.
- Loan amounts up to $500,000.
- W-2 and self-employment documentation.
- Most property types allowed.
- A low qualifying credit score of 600.
Call or email us today to find out if a stated income commercial real estate loan is the best option for you. Our simple application process can have your money in your account in as little as three weeks.
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Bold Growth Solutions
2021 Fillmore St #106
San Francisco, CA 94115
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