Stated income commercial real estate
What Can Flexible Financing Do for Your Business?Building a successful business is challenging because the market is so competitive. Having access to the right types of financing is the best way to give your company the stable foundation it needs to grow. If traditional loan options are not right for your business, consider securing a stated income commercial real estate loan fromTriport. This alternative form of financing can be used in any way to better your company and gives you complete control over how you spend the funds you receive.
How Is a Stated Income Loan Different From Traditional Financing?Stated income loans are approved more quickly than other types of financing because they usually require significantly less paperwork and documentation. They are also easier to qualify for, because instead of focusing on credit history to determine eligibility, they base qualification on property value. Any company that owns property with a value greater than the cost of its expense qualifies for a stated income loan.
What Are the Terms for Stated Income Loans?
While the money from traditional loans is often designated for specific uses, the money from a stated income loan can be used in any way. You are free to use the funds to purchase inventory or equipment, refinance, consolidate debt or renovate property as needed to improve your business. Triport also offers the following benefits to borrowers with credit scores of 600 or greater.
- 65% LTV for commercial properties
- 70% LTV for investment and owner-occupied properties
- 75% LTV for mixed-use properties
- Loan amounts of up to $500,000
- Self-employment and W-2 documentation
- 25-year loan terms
- Fixed rates
A stated income commercial real estate loan is a great investment for many businesses that allows them to grow in a wide variety of ways. If you think this financial solution is right for your company, contact Triport today to learn more.
3846 Paradise Bay Dr.
Gulf Breeze, FL 32563