Why Should You Look Into a Stated Income Commercial Real Estate Loan?

For many business owners, being able to purchase a commercial property is one of the primary goals in business. This step can have a huge effect on your profits, allowing you to sidestep the limitations of renting and enjoy a building that fits your business completely. This can allow you to increase your production output, simplify inventory management or welcome customers with a storefront that is more attractive. In many cases, a stated income commercial real estate loan is ideal for making this dream a reality.

The Benefits of Stated Income Commercial Real Estate Financing

At Pegasus Commercial Capital Advisors, we also offer traditional financing and small business loans, and they work well for specific types of businesses. However, not all companies qualify for these options, either because of size or credit history. Our goal is to make the process of getting real estate financing as comfortable as possible, which is why we offer stated income loans as well. Here are a few benefits for your business:

• Significant capital amounts
• Excellent loan-to-value ratios
• Flexible uses
• Long repayment terms
• Lower qualifying credit score
• Fewer documents required
• No collateral requirements

The reason stated income loans are so accommodating for business owners, even ones with less-than-perfect credit, is that the desired property acts as collateral for the loan. You don’t need to use inventory, personal property, vehicles or other assets as backing for this type of loan. The main document requirements are related to the property you’re interested in buying.

The Uses of Stated Income Loans

This type of loan is primarily used to buy an existing piece of commercial property for your business. Virtually any kind of property is acceptable, which is why processing stated income commercial real estate loans doesn’t take very long. You can also use it to remodel a high-value property, refinance a loan or consolidate debt. To learn more, contact our friendly team right away.