Stated Income Commercial Mortgage Loans

Many business owners and property investors are now choosing stated income commercial mortgage loans to finance their properties.

There are many reasons for this. One of the main reasons is that most business owners and commercial property owners write off all or most of their income . This makes it very difficult to qualify for a conventional type of loan with a bank. In the past the only option was a hard money or bridge loan. Obviously the rates and short length of term for these loans are very prohibitive. Now investors can use a stated income commercial mortgage loan to buy or refinance a property with a longer term than a bridge loan. Rates will fall between a conventional bank loan and a hard money or bridge loan. Another advantage of  stated income commercial mortgage loans are that unlike a bank loan they can be closed in 2-3 weeks. They only require a minimum amount of paperwork as no tax returns are required. Property types include ( but are not limited to) 1-4 family non-owner, multi-family 5+units, retail, office, hotel, mobile home parks, and warehouses. Loan to values are generally up to 75% ( possibly up to 80% depending on credit, property type, and transaction type).

For more information about stated income commercial mortgage loans contact RSA Funding at 855-475-FUND(3863) or http://www.rsafunding.com

 

RSA Funding

Rob Shea

855-475-3863

www.rsafunding.com

Stated Income Commercial Mortgage Loans

The post Stated Income Commercial Mortgage Loans appeared first on RSA Funding.

source http://rsafunding.com/stated-income-commercial-mortgage-loans-2/

From http://rsafunding.blogspot.com/2017/11/stated-income-commercial-mortgage-loans_22.html

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Author: Cromwell, Ct. USA

Earned praised for my work buying and selling Yugos in Africa. Was quite successful at selling yogurt in Tampa, FL. Spent college summers deploying terrorism in Atlantic City, NJ. Spent 2002-2007 building puppets in West Palm Beach, FL. Spent 2002-2010 getting to know puppets in Salisbury, MD. At the moment I'm importing inflatable dolls for the government.

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