How a Stated Income Loan Puts Your Property To Work for You
If you need a loan without the mountains of paperwork or you have been turned down due to a poor credit history, French Broad Capital can help. We offer businesses owning property stated income commercial real estate loans to fund a variety of business needs.
Our Competitive Terms
At French Broad Capital, we specialize in getting you the best loan for your business needs. We offer competitive rates and terms that allow you to fund your business’s next step. Here are some of the details.
- Fixed rates
- 25-year terms
- Full amortization
- Loans up to $500,000
- Qualifying credit 600 or better
Compared to a Traditional Loan
A stated income commercial real estate loan considers your property value rather than your credit history. This property must have enough value to cover certain costs, including insurance on the loan, mortgage payments and taxes. This loan works for many business properties, including warehouses, apartments, restaurants and other real estate.
How to Use This Loan
If you have big plans, you will need financing. French Broad Capital is committed to getting you the financing you need for those plans. Some of the business activities you can fund with a stated income loan include:
- Debt consolidation
- Property improvements
- Building working capital
- Refinancing
How Loan-to-Value Works
The type of property you have can impact the value you are entitled to with a stated income commercial real estate loan. At French Broad Capital, we offer loan-to-value (LTV) rates between 65% and 75% under the following requirements.
- Up to 75% LTV for mixed use and multifamily properties with five or more units
- Up to 70% LTV for non-owner-occupied investment properties of one to four units
- Up to 65% LTV for warehouse, self-storage, retail, auto service and office properties
To find out more, contact our office today. A qualified commercial financial expert can answer your questions and get you started on the right loan for your needs.