Alternative Funding Sources from Stated Income Loans
Securing a loan from a traditional financing source can be a complex process. New rules and regulations can make it difficult to purchase or refinance commercial property with a traditional bank process.
At Crescent Capital Solutions we offer Stated Income Loans designed to help streamline the process and reduce the documentation for our clients. With less focus on a business’ credit history and more on the real estate itself, this type of financing is ideal for businesses looking for a quick, uncomplicated solution.
As long as the income value of a property can cover taxes, mortgage and insurance, approval is practically guaranteed.
- Owner and Non-Owner Occupied Properties
- Loan Sizes from $50,000 to $5,000,000.
- Up to 75% LTV – Up to 80% with seller held second
- Cross collateralization allowed for higher LTV
- 600 Credit score to qualify
- No up-front fees
- Low interest rate with amortization ranging from 3 to 30 year fixed
- Purchase, refinance, and cash-out refinance
- Interest only programs available
- Closing in 3-4 weeks
Learn More About Financing Alternatives Today
To learn more details about stated income loan solutions from Crescent Capital Solutions, contact our experts today. This type of funding is perfect for businesses wanting to buy commercial property or refinance.