Do You Qualify for a Stated Income Loan?
If you own a business and do not qualify for traditional bank loans, you may need to pursue alternate types of financing. Stated income commercial real estate line from MAI Capital could be the ideal funding solution for you.
How To Know If You Qualify for a Stated Income Loan
Stated income loans are much easier to qualify for than other types of financing. If you own a valuable piece of real estate, you may be eligible for this type of financing. The only stipulation is that the property value must exceed the combined cost of its expenses. If you meet this requirement, you qualify for a stated income loan regardless of your personal credit history or that of your business.
Stated Income Loans from MAI Capital
We offer competitive terms for our stated income loans. If you have a credit score of at least 600, you may be able to borrow up to 75% LTV depending upon which type of property you own. You also qualify for loan terms of up to 25 years with full amortization and fixed interest rates. Loan amounts of up to $500,000 are available, and each one comes with W2 and self-employment documentation. Because these loans require minimal paperwork, they are often approved quickly so you can start enriching your business immediately and making plans to grow your company.
Stated income commercial real estate loans from MAI Capital provide companies of all types and sizes with the financing they need to grow successfully. Contact us today to learn more about this financial solution and see if you qualify.