Securing Alternative Funding Your Commercial Property
Sometimes, traditional bank loans aren’t what your business is looking for, especially when it comes to commercial properties. Fortunately, Lionheart Commercial Capital offers an alternative in the form of stated income commercial real estate loans that can help you complete your projects with the appropriate funding and less hassle.
The Two Ways a Stated Income Loan Is Special
When you choose a stated income loan you can take advantage of the two special differences it presents. The first is that the paperwork is minimal. That being said, you are required to provide income documentation, such as a W-2.
The second difference is that the value of the property is more important than your credit. As long as your credit score is 600 and the property’s value covers the taxes, insurance and mortgage of the loan, you may qualify.
The Many Different Uses of This Loan
At Lionheart Commercial Capital, we enjoy providing loans that are flexible. As such, this loan can be used in many ways, includingworking capital, renovation, refinancing, buying properties and combining debt. Some of the property types covered by this loan are as follows:
- Office spaces
- Retail stores
- Storage units
- Auto services
- Mixed use properties
General Aspects Regarding Our Loans
We’re more than happy to provide you with an application, but first, let’s discuss some of the terms of our loans so you have all the facts. Besides being able to use the loan for a variety of purposes with many different property types, the benefits of the loan include the following:
- $500,000 maximum in funding
- 25-year terms
- LTV reaching a maximum of 75%
- Fixed rates
Contact Us To Receive an Application
You can finance your commercial property today when you contact Lionheart Commercial Capital. We can answer your questions and provide more details about our stated income commercial real estate loans so you have all the facts before we send you an application.