Stated Income Commercial Real Estate Loans: The Better Borrowing Option
Do you have a commercial real estate project that you need financing for? Are you struggling to find a loan, or if you’re facing a deadline? If so, a stated income loan from Oxford Voss Commercial Capital may be right for you. This alternative type of real estate loan is great for purchases, renovation, building, refinancing and consolidating debt.
Benefits of Choosing a Stated Income Loan
Unlike a traditional mortgage, a stated income commercial real estate loan is approved primarily based on the potential income of the building. If the value of the property is sufficient to cover the mortgage, taxes and insurance, there is a good chance you will be approved. This means that you can get a loan even if your credit is not-optimal.
Furthermore, since far fewer financial statements are needed, stated income loans can often be approved quicker. This makes them a perfect option if you want to move on a time-sensitive opportunity. It is also easier to submit your application when you need less documentation.
Whether you are looking for hospitality, investment, owner-occupied or another property type, Oxford Voss Commercial Capital may be able to help. If the property meets the requirements, we can likely get you the funding you need. It is the better way to borrow for your commercial real estate needs.
Details on the Loans
The specifics of stated income loans are different than most conventional loans. These are some of the benefits of borrowing from Oxford Voss Commercial Capital:
- Much lower qualifying credit scores
- Fixed rates for long repayment terms
- Only basic financial documents needed
- Large loan amounts
- Generous loan-to-value ratios
- Funds available for working capital, purchasing, refinancing and more
- Loans available for almost any property type
Discover the benefits of a stated income commercial real estate loan from Oxford Voss Commercial Capital. Contact us today to speak with a representative for a free consultation and financial analysis.