A Stated Income Commercial Real Estate Loan Could Help You Meet Your Real Estate Goals
Have you tried to purchase a piece of real estate, only to be turned down for a loan? Whether your credit history is less than stellar or you don’t have the collateral you need to get financing approval, ASA Capital Funding can help. We offer stated income commercial real estate loans to borrowers who want to improve, purchase or refinance property. You can even use the funding to consolidate your debt or build up some valuable working capital.
How Our Loan Program Works
As long as you have a qualifying credit score of 600 or higher, you have a good chance of being approved for our stated income commercial real estate program. The piece of property you’re interested in just needs to have enough value to cover the costs of taxes, mortgage and insurance. If it meets our criteria, your approval chances are good even if your credit history isn’t pristine. Here are a few details of our stated income program:
In order to qualify for up to 75 percent LTV, a credit score of at least 700 is generally required. It doesn’t matter to us if you deal mainly in apartments, restaurants or other property types. As long as your property is valued high enough to meet our requirements, you stand a good chance of being approved.
You could be closing on your dream piece of real estate in as little as two weeks! To get your financing in place today, please give us a call and we’ll help you through the application process.