Funding your commercial real estate project can be challenging, especially if you have
less-than-perfect credit or multiple current loans. Fortunately, Legacy Capital Commercial Group
may be able to help. We offer stated-income commercial real estate loans that are perfect for
helping people in situations like yours. Whether you are buying, renovating, refinancing or
consolidating debt, there are plenty of reasons to choose a stated income loan.
How It Works
With a conventional real estate mortgage, the decision is primarily based on your credit and
ability to repay the loan. Missing from the equation is the building‘s value. Additionally, this
tends to be a very documentation-heavy process because underwriters want to know everything about
your financial situation.
Conversely, if you choose a stated income commercial real estate loan, the building will be front
and center. If you are interested in a property that has enough value to cover the mortgage, taxes, and insurance, chances are that you will be approved. This is a significantly faster process
because there is less paperwork necessary.
This option is available for all types of buildings including apartments, offices, restaurants,
industrial complexes, and more. If the property meets the requirements, you are likely to qualify.
The Benefits
There are some other great features of stated income loans. These are some noteworthy benefits:
• You can qualify with a credit score of 600.
• Loans have a loan-to-value ratio of up to 7596 for certain buildings and with good credit.
• We only need a W2 or self-employment documentation.
• The loans have fixed rates and 25-year amortized terms.
• You can use the funding for almost any relevant business need including purchasing, refinancing
and consolidating debt.
• Large loan amounts of up to 5500,000 are available.
• Almost any property type is welcome.
Get Started Today
Learn more today by contacting Legacy Capital Commercial Group. We are happy to discuss stated
income commercial real estate financing options with you.
