Commercial Property Financing
Commercial properties require different funding than residential buildings, which is why your business needs a stated income commercial real estate loan from Gulf to Atlantic Commercial Capital. That way, you can fund your property project with peace of mind.
Advantages of a Commercial Property Loan
This type of loan offers many advantages over a traditional bank loan. The process is faster and does not require as much paperwork or signatures. Other benefits include the following:
- Loan amounts up to $500,000
- LTV ranging from 65% to 75%
- 25-year loan terms
- Full amortization
- Fixed rates
Requirements of This Funding Option
When you choose a stated income commercial real estate loan, there are certain requirements your business must meet. First, the value of the property is more important than your credit in terms of the loan amount. That means the property itself must be able to cover the loan amount. Although your credit history is not as important, you still need to have a credit score of at least 600 to be approved.
Second, there is less paperwork involved. However, you do still need to show proper documentation of your income such as a self-employment verification or W-2.
Uses of This Loan
If you meet the loan requirements, it’s time to get started. There are many ways this loan can be used for commercial property, including this short list:
- Property purchases
- Debt consolidation
This loan may also be used for a variety of commercial properties, such as restaurants, apartments, rental units, business buildings and even warehouses. To determine if your commercial property project falls under this loan, speak with one of our representatives.
Speak With Us Today
Commercial real estate deserves loans geared specifically to the properties. Gulf to Atlantic Commercial Capital is here to help. Call us today to learn more about our stated income commercial real estate funding options and start your application.