Is a Stated Income Loan the Right Investment?

All businesses rely on flexible funding to grow, so securing the right financial solution is vital for the success of your company. Stated income commercial real estate loans are a smart alternative to traditional financing as these loans provide you with funding you can use in any way to improve your business. Synergy Commercial Capital Lending Group offers these loans to businesses of all types and sizes to help them flourish in a competitive marketplace.

What Makes a Stated Income Loan Different From Traditional Financing?

Although certain avenues of traditional financing are flexible much like stated income loans, the two types of funding have different approval processes. Stated income loans are typically much easier to qualify for because they focus on the value of the company’s property rather than its credit history. If the price of the property is greater than the cost of its expenses, including mortgage, taxes and insurance, it qualifies for this avenue of financing. Stated income loans also require less paperwork as they need little documentation.

What Are the Advantages of a Stated Income Loan?

The money received from a stated income loan can be used in a variety of ways. Whether you intend to refinance, consolidate debt, purchase property or obtain equipment or inventory, a stated income loan provides you with the flexibility to do so. If you have a qualifying credit score of at least 600, you’ll also gain the following benefits.

  • Loan amounts up to $500,000
  • W-2 and self-employment documentation
  • 75% financing for mixed-use and multi-family properties
  • 70% LTV for investment and owner-occupied properties
  • 65% LTV for commercial properties such as office buildings and warehouses
  • Fixed rates with 25-year terms

Get Started Today

Securing flexible financing is essential if you want to grow your business. Contact Synergy Commercial Capital Lending Group today to see if you qualify for a stated income commercial real estate loan and learn more about how this type of financing can benefit your company.