No Longer Does Your Credit History Have to Work Against You
Are you fed up with the traditional loan process where your credit more often than not serves against you rather than helps you? American Commercial Financing, LLC, specializes in stated income commercial real estate financing, which can be used for a variety of purposes to help supply your business with what it needs to reach its full potential.
An Alternative to Standard Commercial Loans
Rather than worrying about your credit when applying for a stated income commercial real estate loan, you instead can put your focus on the commercial real estate property you have your eye on. A few things we ask of you before we can approve you for financing include:
- The property’s value must be enough to cover the property’s mortgage, insurance and taxes.
- You must have a credit score of at least 600.
- The maximum loan amount we can offer is $500,000.
It makes no difference if the property in question is a warehouse, restaurant or apartment complex, we’ve got you fully covered.
Extra Details
Know that the rates we offer for stated income commercial real estate financing are fixed and amortized for as many as 25 years. You can use your funding however you see fit, such as for debt consolidation, buying a property or refinancing a current loan. Know that we also accept those who are self-employed, and you’ll have a minimum of paperwork to take care of.
In regards to the loan-to-value ratio you can expect, we offer as much as 65 percent for auto service, office, warehouse and self-storage. You can expect as much as 70 percent for non-owner occupied investment real estate, and 75 percent blended use and multifamily real estate properties. In any case, we’ll do our best to see that you get the best value and reap the most rewards for your property and your investment.
Let’s Get Started
If you’d like to learn more about stated income business real estate funding from American Commercial Financing, LLC, we’re standing by. Let us know if there are any questions we can answer or concerns we can address.
