Refinance or Purchase Commercial Real Estate With Ease
Are you looking to purchase commercial real estate, but are having a hard time qualifying for a loan? Are banks turning you away making it very difficult to find a lender who makes the process easy? Here at Rodino & Associates, we want to help you buy or refinance commercial real estate with ease. Our lending sources have stated income commercial real estate financing programs designed with entrepreneurs like you in mind, and what makes it unique is that we put our focus on the property rather than your credit. One of the great things about this type of financing program is how fast you will be approved! Plus, you don’t have to waste as much time dealing with lots of paperwork.
Current Program Parameters
These commercial property financing programs are designed to be as efficient and widely available as possible. However, there is one essential requirement, specifically, the commercial property must be able to successfully service all taxes, insurance and the mortgage. Additional guidelines for the stated commercial real estate loan include:
- Self-employed or W-2
- An LTV of as much as 70 percent on one- to four-unit non-owner occupied investment real estate
- As much as 75 percent for your LTV on more than five-unit mixed utilization and multifamily properties
- An LTV of 65 percent on office, retail, self-storage, automobile and warehouse properties
- Refinance, buy, or cash-out refinancing
- A credit score of at least 600 to qualify
Soft Money Loans
We can help you secure business financing for as much as $500,00 for commercial real estate. These loans also include fully amortizing and fixed rates for as many as 25 years, and nearly every type of commercial property is accepted. We also think you’ll be pleased to know you can close in two to three weeks.
Interested in exploring more of your options with a stated income business property loan? Contact us today and get answers to all your questions.