Your Property Can Help You Get the Working Capital You Need
Traditional loans require lots of paperwork and aren’t always an option if you and your company don’t have an impeccable credit history. Luckily, Alpha Commercial Capital may have the solution for you. We offer states income commercial real estate loans with excellent terms for very little paperwork.
How the Loan Works
If you have a credit score of 600 or higher, you may be eligible for a stated income commercial real estate loan. Our loans, which are available for nearly any type of property, have fixed rates and 25-year amortization. Depending on the property, you may receive as much as $500,000 to use for a variety of purposes, and loan-to-value ratio varies based on the type of property.
- 65 Percent: This LTV ratio is available for office buildings, retail establishments, self-storage facilities, auto service buildings and warehouses.
- 70 Percent: If you own an investment property that has up to four units and you do not occupy it yourself, you may receive up to 70 percent LTV.
- 75 Percent: Multifamily properties or mixed-use properties that hat at least five units qualify for up to 75 percent LTV, although it should be noted that you must have a credit score of 700 for this percentage.
How To Get Started
To begin applying for your loan, you’ll first need to look at the worth of your property. It must have at least enough value to cover any taxes, insurance and mortgage payments associated with the loan. You will also need to provide self-employment information or W-2 documentation for yourself. Once you apply, you’ll receive a decision in a matter of days. Approvals often receive working capital within two weeks.
Get Started Today
Use your working capital from your stated income real estate loan to consolidate debt, refinance the business, purchase new property, advertise, or for anything else that your business needs. Start the application process today by contacting a finance expert from Alpha Commercial Capital.