Access Flexible Funding Without the Paperwork
Whether you don’t have the credit history to qualify for a traditional business loan or you simply want to avoid the paperwork associated with the approval process, consider a stated income commercial real estate loan. This type of loan has a low credit approval threshold and minimal income documentation requirements. Alpine Funding Solutions offers stated income loans for commercial purposes such as buying or renovating real estate, refinancing properties you already own, consolidating debt, and increasing business capital.
The Advantage of Stated Income Loans
While traditional loan approval centers on your credit history, a stated income loan is granted based on the value of the commercial property. The real estate must be appraised for more than the total amount of the stated income loan, including insurance, mortgage, and taxes. Because you don’t need to provide documentation of your income for this type of loan, you can receive a faster approval with much less paperwork than needed for a traditional loan.
Basics of Our Stated Income Loans
Stated income commercial loans from Alpine Funding Solutions offer flexible terms and options, including:
- Affordable fixed interest rates amortized over 25 years
- The ability to use the loan proceeds for various business needs
- Funding of up to $500,000
- Financing for most types of properties
- Low qualifying credit score of 600
- Documentation limited to W-2 and/or self-employment records
With this type of loan, you can access up to 75 percent of the value of a mixed-use property with at least five units, 70 percent of the value of a one-to-four-unit investment property, and 65 percent of the value of other property types such as warehouses.
Get in Touch
If you’re ready to explore the possibilities of a stated income loan to bolster your business, contact the team at Alpine Funding Solutions today. We’ll be happy to answer all your questions.