Loans Based on Property Value, Not Credit

When your business needs money but your credit isn’t top notch, there may still be a way to get what you need. If you’ve been turned down for a loan and own property, then you may qualify for a stated income commercial real estate loan from Capital Solutions.

Basics of a Stated Income Loan

Instead of despairing that your business couldn’t quality for a standard loan, it’s time to find out more about how a states income commercial real estate loan from Capital Solutions can help your business grow and thrive. Since we require less paperwork, the entire process is quicker and you can have your funds sooner than a conventional loan. Here are some of the other basics and benefits:

  • Fixed rates
  • 25-year amortization
  • Use funds for purchasing, refinancing and more
  • Amounts up to $500,000
  • Qualifying credit score as low at 600

The loan-to-value (LTV) ratio you can expect for your property largely depends on how it’s used. Here are some examples.

  • Up to 75% LTV for multifamily and mixed use properties with 5 or more units
  • Up to 70% LTV for non-owner occupied investment properties
  • Up to 65% LTV for retail, office, auto, storage and warehouse properties

Compared to a Standard Loan

When applying for a standard loan, there is a lot of paperwork and hard limits to your credit score and other values. For many businesses, these can be limiting. That’s why Capital Solutions has stated income commercial real estate loans that look at the value of your property rather than your credit score. One main qualifying factor is that your property value be enough to cover basic expenses, such as mortgage, taxes and insurance. Some properties we work with include:

  • Warehouses
  • Restaurants
  • Real estate
  • Apartments

It’s time to get your business growing again, so contact our office for a loan application. Expert financial advisers can walk you through the process and answer all your questions.