Stated Income Commercial Real Estate Loans
Traditional lending is often hard to obtain, especially in today’s economy. All of the new regulations and rules can make it hard for a business owner to refinance or even purchase a commercial real estate property even with a commercial bank loan. Titan Funding Solutions offers stated income financing options that are specifically designed to get our clients the funds that they need in order to meet all of the rigorous demands of the real estate market. We put less focus onto the credit history of your business and more focus on the actual commercial real estate property, making our financing options ideal for any business that needs a fast, simple solution.
Advantages of a Stated Income Loan
When getting a loan through a bank, there is all sorts of documentation that needs to be provided and hoops to jump through including proving that you have good credit history and income. Our requirements at Titan Funding Solutions are much simple to understand and to meet. Your approval is almost guaranteed as long as the mortgage, insurance, and taxes are covered by the income value of said property.
- Owner/Non-owner occupied properties
- Loan amounts ranging from $50,000 up to $5,000,000
- LTV up to 75%
- LTV up to 80% with seller second
- Cross collateralization is allowed for a higher LTV
- Credit score of 600 required
- No upfront costs or fees
- Fixed rates from 6.99%
- 3, 5, 7, 8, 10, 15, 25, and 30 year fixed rates available
- Refinance, Cash-out refinance (limited), and Purchase
- Programs available for interest only
- Closing as fast as 3 to 4 weeks
About Our Process
Most conventional lenders are slow to get you approved for a stated income loan but not Titan Funding Solutions. We get you approved in as little as 2 to 3 weeks. We offer loans up to $5,000,000 so that your business has everything it needs to make sure there are no opportunities missed.
Many business choose a stated income loan in order to get real estate that benefits their business including:
- Retail real estate
- Multi-family rental properties
Getting a stated income real estate loan can help your business to make improvements to properties, obtain working capital, and consolidate some debt. You can also use a stated income real estate loan to refinance a mortgage that has a higher interest rate. To find out if stated income lending is the right choice for your company, contact us or give us a call and one of our commercial real estate financing specialists will be happy to discuss your options and provide more information.