Grow Your Business With Flexible Financing
If you are in the market for flexible financing that allows you to grow your business in a variety of ways, a stated income commercial real estate loan could be a good alternative to traditional financing. This financial solution allows you to you the money in any way that enriches your company and securing a stated income loan from The District Capital Lending Group provides you with many significant advantages.
How a Stated Income Loan Is Different From Traditional Financing
Stated income loans are typically approved quickly because they require less documentation and paperwork than traditional avenues of financing. They are also easier to qualify for. While traditional loans determine eligibility based on credit history, stated income loans focus on property value. Regardless of which industry your company is in, it qualifies for a stated income loan if the value of its property is greater than the cost of its mortgage, insurance and taxes. This approval process makes stated income loans suitable for companies of all sizes but they are ideal for businesses that are struggling financially.
The Advantages of Stated Income Loans
You are free to use the money you receive from a stated income loan in any way. Whether you need to purchase inventory, renovate property or consolidate debt, the money from a stated income loan allows you to do so. When you obtain this type of loan from The District Capital Lending Group, you can expect to receive the following advantages if you have a credit score of at least 600.
- 75% LTV for multi-use properties
- 70% LTV for investment and owner-occupied properties
- 65% LTV for commercial properties
- W-2 and self-employment documentation
- Fixed rates with 25-year terms
Contact Us Today To Learn More
Stated income commercial real estate loans can benefit businesses of all types and sizes. If you are interested in applying for this avenue of financing, contact The District Capital Lending Group today to see if you qualify.