Stated Income Commercial Real Estate Loans: A Beneficial Alternative

Our professionals at North America Commercial Capital understand the importance of choice. Having multiple loan options to choose from can make all the difference to many business owners with specific needs. This is particularly true of real estate loans.

If you are interested in buying or refinancing commercial property, you may choose an alternative to traditional commercial real estate loans known as stated income commercial real estate loans. These loans generally forgo placing importance on the borrower’s credit history and instead focus on the potential offered in the piece of real estate that will be purchased. This means that the proposed property must have sufficient income value to service the mortgage, insurance and taxes in order for us to approve the loan.

Clear Advantages for Borrowers

With state income commercial real estate loans, borrowers do not have to wait an extensive amount of time for the approval process to play out. This is because there are fewer documents that borrowers must fill out prior to qualification. These loans can also be used for many different purposes depending on a business’ individual and seasonal needs. Some of the most common include:

  • Real estate purchase
  • Improvement of existing real estate
  • Consolidation of debt
  • Refinancing
  • Working capital

We offer soft money loans up to $500,000 with fixed rates and quick closings. Almost all commercial properties are eligible.

Parameters That Businesses Can Accept

At North America Commercial Capital, we understand how frustrating it can be to know how a loan would benefit your business only to discover the terms are completely out of bounds. Our loan parameters are always fair and reasonable. This often includes great LTVs based on the property’s use, the ability to refinance, purchase, and cash-out, and a 600 credit score for qualification.

Eligible properties include retail real estate, office space, warehouses, restaurants, and apartment buildings and other multifamily complexes. No matter where you are in the process of acquiring a loan, let us show you what an asset we can be to your business. Contact us today to start your application.