Stated income commercial real estate loans are an alternative avenue of financing to traditional loans. Unlike traditional financing that is typically earmarked for certain purposes, stated income loans can be used in any way to enrich your company. With competitive terms designed to help your business grow, the stated income loans offered by DAL Commercial Capital are great investments for many companies.
What are stated income loans?
Stated income loans are an avenue of financing that is typically approved quickly because it requires less documentation and paperwork than other types of loans. Because qualification is based on property value rather than credit history, stated income commercial real estate loans are easier to qualify for. Even if your business has a poor or limited credit history, it qualifies for a stated income loan if it owns property with a value that is greater than the total cost of its taxes, mortgage and insurance. Because the approval process is less stringent than that of other types of financing, stated income loans are ideal for businesses that are struggling financially.
How are stated income loans beneficial?
Flexibility is the primary benefit of stated income loans. You are free to use the money in any way, from purchasing equipment and stocking inventory to consolidating debt and refinancing. For borrowers with a credit score of at least 600, DAL Commercial Capital extends the following benefits.
- Loan amounts up to $500,000
- W-2 and self-employment documentation
- 25-year terms with fixed rates
- Up to 65% LTV for commercial properties
- Up to 70% LTV for owner-occupied and investment properties
- Up to 75% LTV for mixed-use and multi-family properties
Contact us today
DAL Commercial Capital offers stated income commercial real estate loans to companies in every industry. If you are interested in securing flexible financing so you can grow your business, contact us today to discuss your financial needs and see if you qualify for a stated income loan.