Your Source for Non-Traditional Commercial Real Estate Financing
Every company wants to find the ideal location for their office space, production facility or storage warehouse. The trouble is that when you find it, you quickly discover that it’s coveted by others, as well. Thus, you need to be able to move fast when it comes to securing real estate financing. Your definition of “fast,” however, can often differ from that of most traditional lenders. They make you wait while they review your financial statements, check your credit score, and work their way through all that red tape that’s inherent with the lending process. Here at ACS Capital Lending , we can give you the chance to avoid all that.
What is a Stated Income Loan?
We offer a unique stated income loan program dedicated exclusively to financing commercial real estate acquisitions. A stated income commercial real estate loan differs from traditional financing methods in that your company’s credit profile is not the only element considered during the approval process (in fact, it’s not even the most important). Rather, we look to see if the income-generating potential of the property you want to buy is strong enough to cover the costs associated with the loan (e.g., the monthly payment and any associated taxes and fees).
The Advantages of Our Loan Program
Why can this particular type of loan be more advantageous than traditional lending methods? For starters, we’re able to turn your application around much faster. On top of that, we can typically extended financing to you even if your business’ credit score is in the low 600s. Yet those are not the only benefits you can enjoy with a stated income loan. Others include:
- Financing up to $500,000
- Practically all commercial property types qualify
- Fixed rates on 25-year repayment schedules
- Loan-to-value (LTV) ratios between 65-75 percent
You can even secure a stated income loan to refinance your current commercial mortgage or consolidate your debt.
The next time you and your company are preparing to purchase property, don’t subject yourself to the headache of having to wait for approval from a bank or credit union. Trust in our team here at ACS Capital Lending to get you the funds you need, when you need them with a stated income commercial real estate loan. Call today to get your application started.