If you are looking for a beneficial alternative to a traditional commercial loan, at Lavan Financial Group, we strongly urge you to consider a stated income commercial real estate loan. When you apply for one of these loans, the emphasis is not placed on your personal credit history. Rather, it is placed on the actual piece of real estate being financed. As a result, the approval process is designed to be quick and efficient and you will likely have to submit much less documentation than if you were going to be applying for a traditional loan.
There are many different ways you can use a stated income loan for commercial real estate purposes. These include the following:
Additionally, you can use one of these loans to refinance an adjustable rate or balloon mortgage.
If you have any questions about stated income commercial loans, please contact us at Lavan Financial Group today. We look forward to hearing from you and to meeting the specific funding needs of your operations.