Consider a Stated Income Commercial Real Estate Loan
Whether you’ve been turned down for a traditional loan or just don’t want to deal with loads of paperwork, a stated income commercial real estate loan may be just what you need. KPI Commercial Capital’s stated income loans can be used for a wide variety of purposes, including property purchases, debt consolidation, refinancing, working capital and property purchases, to name a few examples.
Why You Should Choose a Stated Income Loan
While a traditional loan focuses on the borrower’s credit history, a stated income commercial real estate loan is more focused on the real estate that is going to be financed. If its value covers the taxes, mortgage and insurance of the loan, approval is likely. Little documentation is required to qualify, which makes the entire process quick and simple, whether you are looking to fund an apartment, a restaurant, real estate property or some other kind of business. All you need to get started with your loan application is a qualifying credit score of 600 and self-employment or W2 documentation.
Benefits of a Stated Income Commercial Real Estate Loan
There are many advantages that you can enjoy when you choose a stated income loan. Some examples include the following:
- Fixed rates
- Amounts up to $500,000
- Ability to close in as little as two to three weeks
- Funding for virtually any type of property or purpose
- LTV up to 65%, 70% or 75% depending on the type of property and credit score
- 25-year loans that are amortized
Contact the KPI Commercial Capital Team Today
Are you ready to learn more or start your stated income loan application? Give us a call or contact us online. A financial representative would be happy to discuss your financial goals and all of your funding options. We look forward to learning how we can help your business compete and thrive in its industry.