Avoid the Hassles Inherent with Traditional Commercial Real Estate Lending
Do you have a commercial property in mind to purchase, but not the time to jump through the hoops required by traditional lenders when asking for financing? The real estate business has long been associated with three words: location, location, location. If you’ve found a prime property in the ideal locale, you need to act fast to get if off the market. Thankfully, we here at D&D Capital Solutions can get your loan turned around in no time at all thanks to our unique Stated Income Commercial Real Estate Financing program.
What Is a Stated Income Loan?
What is a stated income loan? Simply put, it’s a financing tool that bases your loan worthiness off of the value of the property that you’re interested in rather than yours or your company’s credit history. If it’s determined that the income-generating potential of the property is sufficient to cover your monthly mortgage payment (as well as any associated taxes and insurance fees), then you have an excellent chance of qualifying.
Stated incomes loans are a terrific option when considering the purchase of any style of property, including:
- Real Estate
- Plus many, many more!
Why Consider This Option?
With this lending tool, you can secure up to $500,000 at a fixed rate on a 25-year amortization schedule. We also offer loan-to-value ratios between 65-75 percent depending upon the property. We can even get you approved with a credit score as low as 600. These benefits make such a loan the perfect option to buy a new property, make improvements to an existing location, refinance your current commercial mortgage or consolidate your debt.
Don’t ever allow yourself to get caught up in red tape ever again. With a stated income loan, you’ll have the funds you need to purchase your commercial property before other buyers even get a chance to call on the listing. Trust in the expertise of our team here at D&D Capital Solutions to turn this dream into a reality for you and your company. To get your financing application started, give us a call today.