Stated Income Commercial Real Estate
Strengthen Your Portfolio with Flexible Financing
Financing is a crucial component of any business, whether it is a new startup or an established corporation, or a smart property investment. Many established companies and commercial real estate investors choose to use traditional loans to obtain the financing they need. However, new businesses or property investors may not qualify for traditional loans, as banks tighten their requirements. Stated income commercial real estate loans from Hemingway Financial Group are a good alternative to traditional financing.
What Can You Expect from Stated Income Loans?
Hemingway Financial Group is proud to offer stated income loans to companies of all sizes. If you have a credit score of at least 600, you can expect the following benefits:
- Loan amounts up to $500,000
- Fixed interest rates
- 25-year loan periods
- LTV up to 75% depending on property type
How Are Stated Income Loans Different from Traditional Financing for Investment Properties?
Stated income loans may appear to be similar to other types of financing at first glance, but they have three distinct differences. The most major difference is how stated income loans are approved in comparison to other financial solutions. Instead of looking at credit history to determine eligibility, stated income loans are structured around the overall value of the property involved in the transaction.
Not only are stated income loans easier to qualify for because they have less-stringent requirements for eligibility, but they are also usually approved quickly because they require minimal paperwork. The final difference between stated income loans and other forms of financing is flexibility. While traditional loans often dictate how you spend the money you receive, you have complete control over how you spend funding from a stated income loan.
Contact Us Today
Securing a stated income commercial real estate loan from Hemingway Financial Group is easy and fast. Contact our offices today to learn more about using a stated income loan for your next investment property.