Secure a Stated Income Loan To Grow Your Company
A stated income commercial real estate loan is a flexible avenue of financing that can improve your business in a vast array of ways. Use the money you receive with a stated income loan from JHF Capital to consolidate debt, build inventory, refinance or renovate property. Our terms are competitive so your company can thrive regardless of which industry it is in.
What Are the Advantages of a Stated Income Loan?
Although flexibility is the primary benefit of stated income loans, the ones offered by JHF Capital offer many advantages. A credit score of at least 600 will qualify you for the following benefits.
- Large loan amounts of up to $500,000
- W-2 and self-employment documentation
- 75% LTV for multi-family and mixed-use properties
- 70% LTV for investment and owner-occupied properties
- 65% LTV for commercial properties, including warehouses, retail spaces and office buildings
- Fixed rates
- 25-year terms
How Is a Stated Income Loan Different From Traditional Financing?
While traditional loans are often difficult to qualify for because they focus on credit history to determine approval, nearly any type of business can qualify for a stated income loan. This type of financing looks at property value rather than credit history to determine eligibility. Your company automatically qualifies for a stated income loan if the property it owns has a value exceeding the cost of its expenses. Any type of property can qualify. Stated income loans are often approved more quickly than other types of loans because they require less documentation, so this avenue of financing is ideal for new companies or those who need financing quickly to stay afloat.
Stated income commercial real estate loans are wonderful alternatives for many businesses. If you are interested in securing this avenue of financing, contact JHF Capital today. In most cases, we can provide you with the money you need in as little as 24 hours.