Get the Money You Need Now With a Stated Income Loan

Have you been turned down for a loan because of your credit history? Are you tired of filing tons of paperwork that come with the loan approval process? If so, you’re not alone. Many business owners run into this issue. This is why we at RevGenesis Capital offer a better option in the form of a stated income commercial real estate loan. Continue reading to see how this financing vehicle can work for you.

A No-Hassle Loan

Traditional commercial real estate loans rely heavily on a borrower’s credit history and verifiable income and wage information on an IRS W-2 form. This isn’t the case with a stated income loan because the focus is on the investment property’s value. The lender looks at the earning potential of the property. As long as the property can generate enough income to cover taxes, mortgage, insurance, debt and maintenance expenses, the business can get the funds it needs.

A Funding Option That Makes Sense

The loan program is an attractive financing option for many property managers and real estate investors. A few of the advantages that appeal to borrowers include:

• Fixed, amortized loan terms up to 25 years
• Up to $500,000 in funding
• Up to 75 percent loan-to-value (LTV) for mixed and multifamily properties that have five-plus units
• Up to 65 percent LTV for self-storage, retail, warehouse, auto services and office properties
• Up to 75 percent ratio for non-owner-occupied investment properties with one to four units

A stated income loan is ideal for business owners who deal in real estate, apartments, warehouses, restaurants and other company types. Often, the funds are used for building working capital, consolidating debt, refinancing, improving property and purchasing property.

Contact Us Today

You can close on the loan in as little as two or three weeks. Our highly-trained finance representatives can answer your questions and get you started with the application process immediately.