A Better Way to Buy Commercial Property
Is your organization ready to take that next important step of expanding your operations into a larger facility, yet the lack of an established credit profile (or a poor credit score) is keeping you from doing so? Moving into a prime location may provide your company with the proverbial “shot in the arm” that it needs to really advance your growth. Too bad traditional lenders often don’t see that. Luckily, we here at Laere Capital do.
Our Stated Income Loan Program
We offer a unique commercial real estate loan program that bases your borrowing capacity not off your company’s credit history, but rather the potential that your proposed property purchase presents. If you can show that the income generating potential of the property is sufficient to cover the expenses associated with the loan (e.g., mortgage payment, property taxes, fees), you can typically qualify. We’ve helped organizations with credit scores as low as 600 qualify for financing through this program.
These stated income loans offer plenty of additional benefits on top of their unique qualification standards. These include:
- Loan-to-value ratios between 65-75 percent
- Fixed rates on 25-year amortization schedules
- Loan amounts of up to $500,000
Virtually any type of commercial property qualifies for stated income commercial real estate financing. On top of purchasing a new property, this program can also be a terrific option if you’re looking to refinance or cash out your equity in a current property to do things like consolidate your debt. Plus, because of the program’s non-traditional lending requirements, we’re usually able to turn your application around in a mere matter of days.
Here at Laere Capital, it is our privilege to participate in your organization’s progression. Thus, we remove all of the roadblocks that can keep your company from moving forward. Our Stated Income Commercial Real Estate Loan program is just another example of this commitment. Let us help you lay the foundation for your company’s future. To get your loan application started, just give us a call today.