Stated Income Commercial Real Estate
Use Flexible Financing to Benefit Your Company
Building a successful business is no easy feat, and you must secure the right type of financing if you want to help your company stay competitive in the marketplace. Stated income commercial real estate financing from Speed of Light Funding provides you with the flexible funding you need to grow your company in a variety of ways. Our loans come with competitive terms.
The Basics of Stated Income Loans
Stated income loans are easier to qualify for than other types of financing because their approval is based on the value of a piece of property rather than the borrower’s credit history. If your company owns a piece of real estate with a value that is greater than the cost of its expenses, you qualify for a stated income commercial real estate loan.
This type of financing comes with competitive terms. If you have a credit score of at least 600, you will receive a loan-to-value rate between 65% and 75% depending upon the type of property you own. You may receive an amortized loan of up to $500,000 with fixed interest rates. You have up to 25 years to pay back the loan. In addition to these benefits, stated income loans are also approved quickly because they require little documentation and paperwork.
The Uses of Stated Income Loans
One of the biggest benefits of stated income loans is flexibility. You are free to choose how you use the funds you receive. You may use them in a variety of ways, including:
- Refinancing
- Purchasing inventory
- Buying equipment
- Securing property
- Renovating
- Consolidating debt
Apply for Financing Today
A stated income commercial real estate loan from Speed of Light Funding gives you the freedom to build your business in any way you deem fit. If you are interested in securing this financial solution 2 give your company a stronger foundation, contact us today to see if you qualify.