Stated Income Commercial Real Estate
Use Property To Access Working Capital With a Stated Income Loan
Do you need funds quickly? Do you hate the paperwork associated with mortgage applications? Then a stated income commercial real estate loan may be for you.
Gipson Commercial Solutions knows that traditional real estate financing doesn’t work for everyone. That’s why we offer a loan that focuses on property value over credit history.
How You Can Qualify
When you apply, we ask for a credit score of 600 or 700 for certain properties as well as employment documentation. The property value must cover insurance, taxes and the loan principal.
How You Can Benefit
Choosing a stated income loan offers several benefits:
- 25-year terms
- Amortization
- Fixed rates
Additionally, the approval process for this financing is much faster than that of a traditional mortgage. In fact, you can get cash in weeks.
How a Stated Income Commercial Real Estate Loan Works
How are we able to provide funds so quickly? Stated income financing doesn’t require mountains of financial paperwork, which means we can process your application in a fraction of the time.
How Much Money You Can Get
Gipson Commercial Solutions can offer up to $500,000, though your LTV ratio varies by property type:
- 70% for properties with four or fewer units, including non-owner-occupied properties
- 65% for warehouses, retail spaces, auto service properties, offices and self-storage
- 75% for properties with more than four units, including mixed-use and multifamily housing
How You Can Use the Funds
Stated income loans are incredibly versatile, which means you can use funds for a variety of purposes:
- Renovation
- Purchasing property
- Consolidating debts
- Refinancing
Gipson Commercial Solutions is happy to lend to many different businesses, including food service, retail and even property investment.
How You Can Apply
If a stated income commercial real estate loan fits the bill, you can apply today. All it takes is a call to Gipson Commercial Solutions, and you could meet with our financial experts to review your options. Don’t hesitate — get reliable funding today.