Find Out How Stated Income Commercial Real Estate Funding Can Help Your Business
Does your business involve the purchase of commercial real estate properties? If so, you need a reliable source of financing behind you. At Evolt Capital, we specialize in offering stated income commercial real estate financing that can help you refinance, purchase property, or even consolidate debt.
Stated income loans are not the same as traditional loans. Instead of focusing on credit score or collateral, they focus almost entirely on property value. If you want to purchase a property with help from a stated income loan, you need to make sure that the property has enough value to meet qualifications. If the property value is high enough to cover all associated costs, including the taxes and mortgage, your approval chances are good.
Though you don’t need exceptional credit or collateral to get a stated income loan, you do still need to meet minimum qualifications, which include a credit score of at least 600. Once approved, you’ll benefit from the following:
- Loan amounts as high as $500,000
- Amortized loans with fixed rates
- Payment terms up to 25 years
- Loan-to-value as high as 75% for some properties
When you apply, you’ll need to show us self-employment or W-2 documentation. You are welcome to put your new funds toward the purchase of self-storage facilities, warehouses or other types of property. Some of our clients even use the money they receive through this program to consolidate their debt and improve their financial situations.
Stated income loans are almost always easier to obtain than traditional loans. They also require less documentation and approvals come through very quickly. We finance all types of properties, including apartments, retail, offices and auto services.