stated income commercial real estate

Accessible Commercial Real Estate Financing for Business Owners

Do you need excellent credit to qualify for a real estate loan? Many business owners think so, but actually there are many options for acquiring owner-occupied property even if you have less-than-ideal credit. At Northgate Capital Finance, we offer stated income commercial real estate financing that adapts to the needs of your business.

This flexible financing can help you get financing for a number of purposes:

  • Real estate purchases
  • Office expansion
  • Remodeling projects
  • Refinancing

You can also use stated income loans to consolidate debt. For example, you may want to replace a higher-interest bridge loan with our long-term commercial real estate financing.

Why Is Stated Income Commercial Real Estate a Good Fit for Businesses?

Stated income loans are a trustworthy and popular alternative for businesses that don’t qualify for SBA financing or traditional real estate financing. Here are several ways a stated income real estate loan can help:

  • Faster approval: SBA and traditional real estate loans can both take a while to get approved due to the increased complexity of the process. Since stated income loans focus more on the value of the property instead of the financial condition of the applying business, approval can come much faster.
  • Lower credit score obligations: It’s often possible to qualify for stated income financing as long as you have “fair” credit.
  • Fewer document requirements: There’s no need to dig deep into your company’s finances. What matters most is the resale value of the property in question.
  • Better interest rates: Compared to other alternative financing methods, stated income loans often feature much lower interest rates. This can save you a lot of money.
  • Longer repayment terms: Stated income real estate loans typically carry long-term repayment options similar to traditional real estate financing. This can provide for more manageable payments compared to short-term financing.

By utilizing the property in question as collateral for the loan, it’s much easier to receive approval, no matter the size of your company. To get started with a stated income commercial real estate loan, contact our team right away.