Are you looking for innovative ways to finance your company's projects? Do you wish there was a way to obtain funds without meeting conventional lending requirements? If so, definitely consider working with Commercial Loans of Texas. We offer a commercial real estate loan program known as stated income commercial loans.

You're probably wondering, what exactly is a stated income commercial real estate loan? What makes these loans so different from traditional options? How do they work? If you have any of these questions, then this article is for you. You'll learn all about stated income commercial real estate loans and how they can be the solution to your financial needs.

What Makes a Stated Income Loan Different?

To qualify for a traditional loan, your company must have a good credit history. New firms usually have problems securing financing because of this. However, with a stated income loan, your ownership of property is a bigger factor in the lender's decision to approve your loan. If your property is worth more than the cost of its expenses, including mortgage, taxes, and insurance, you can qualify for a stated income loan. This type of financing is an excellent investment for any company that needs a loan fast and doesn’t have proper documents to submit to the lender. There's also significantly less paperwork involved with this type of loan.

What are the advantages of a stated income commercial loan?

Although stated income loans don't rely on your credit history to determine your eligibility, you need a credit score of 600 or higher to get one. The money you receive can be used to consolidate debt, purchase inventory and equipment, and refinance or renovate as needed. There are numerous advantages of securing this type of funding, including:

• Fixed interest rates
• 25 years term
• Self-employment and W-2 documentation
• 75 percent LTV for multifamily mixed-use properties
• 70 percent LTV for investment properties
• 65 percent LTV for commercial properties
• Full amortization

Contact Commercial Loans of Texas:

Let Commercial Loans of Texas help you secure a flexible, stated income commercial loan. This form of financing can be tailored to meet your company's needs. Contact us now to discuss your financial goals and apply for a stated income real estate loan. Call us at 877-895-3634 to speak to a commercial loan officer!