Using Stated Income Commercial Real Estate Loans to Your Advantage
A stated income commercial real estate loan is an excellent choice for when traditional financing programs may not be viable. BrightLink Capital has the resources necessary to help you fund your real estate purchases.
How it Works
A stated income loan is unlike a traditional loan in that there’s little to no focus on the borrower’s assets or income. Instead, they are approved based on the property’s potential income value, with considerations such as taxes, insurance, and mortgage taken into account. One significant advantage of this type of loan is that less documentation is required, and approval can be issued more quickly. A deal might be closed in as little as two or three weeks. Additionally, these loans work well for those who may not have perfect credit, but do have a plan for future growth.
This type of loan can be used for a variety of different purposes, such as renovations, remodeling, or other improvements which will increase the value of the property. The funding might be used to purchase a new piece of property, either as an investment or in order to expand; it can also be used to help you move from renting to ownership. You can use these funds to provide working capital or improve your cash flow; they might even help you consolidate your debt. A loan like this can be used with a variety of different properties, including but not limited to:
- Office space
- Retail properties
- Apartment buildings
- Storage facilities
Although we tailor each plan for a specific business, we generally offer amounts between $100,000 and $5 million. Our rates are low, but our LTVs are high. Our associates will work with your company to create the most effective plan.
If you’re ready to leverage real estate to your advantage, then contact BrightLink Capital today. Our team will be happy to answer your questions or forward you an application.