We received an email this past week from one of our favorite lenders whose offering Stated Value Stated Income Loans. If you own some property with some equity and want to cash out then read on and then contact our friend Karen Schmipf
SMALL BALANCE STATED INCOME LOANS ARE BACK!
We can do small-balance commercial investor and owner-occupied deals with NO Tax returns required to underwrite the deal!
-credit scores as low as 600
-LTV up to 70%
-Loan balances as low as $100,000 up to $1.5 Million
-cash out allowed!
The key is collateral, the property must work. We can do the main property types (Office, retail, multi-family) but ALSO hotel/motel, daycares, auto repair/auto body, hair salons, Mobile Home Parks, bar/restaurant, and storage units. HUGE.
As more and more lenders come back to the market, I will update you and of course, help get your deals closed. At Commercial Capital, we are the place to go when the banks say no
Give me a call today to discuss your Commercial Loan at 512-354-5949 or get started by completing the form.