Is a Stated Income Commercial Real Estate Loan the Solution for Your Business Goals?

At Drawbridge Capital, we offer a wide variety of loan types. The reason is that we want our clients to be able to choose financing that feels like a good fit. Some loans have lower overall interest rates while others are popular because of fast approval and flexibility. For example, a stated income commercial real estate loan offers many benefits and a streamlined application process compared to traditional financing.

What Are the Advantages of Stated Income Commercial Real Estate Loans?

There’s nothing bad about traditional term loans. They offer excellent interest rates and repayment terms. However, the downside is that the application process can take a while as your finances undergo approval. If you’re looking to expand your business property but prefer to avoid the numerous steps of a traditional loan, there are other options available. A stated income real estate loan can help you get financing quickly:

• Reduced paperwork requirements: You don’t have to show as many business records to qualify for a stated income loan. While our team wants to see a well-managed company, you don’t have to submit years of statements related to your cash flow, inventory or revenue.
• Faster processing: The review and approval process for stated income loans takes less time, both because of the reduced document requirements and because the amount of risk involved is less.
• Lower credit score expectations: With stated income financing, the important thing is the value of the property you’re looking to buy or expand. As long as this real estate is worth more than the value of the loan, you don’t need excellent credit to qualify.
• No business collateral requirements: The property in question is used as collateral for the loan, so you don’t need to own or offer any other business assets.

If these benefits sound like a perfect fit for your company, our team would be happy to help you get started with the application process. For more information or assistance, contact us right away.