Your Source for Stated Income Commercial Real Estate Loans
When you are interested in rapidly expanding and enriching your real estate portfolio, you need to know you will have access to all the right resources to finance each property. That means having the ability to choose for yourself where to leave the equity your investments have built up. To do that, you need a loan that provides you with the option to take money out of one property and reinvest it in another, a process known as a cash-out refinance. Once of the easiest ways to do that is with a stated income commercial real estate loan.
How Stated Income Loans Work
Instead of financing your building based on the purchase price or the market appraisal for resale, stated income loans use its actual earning capacity, which gives them the flexibility to reflect real market conditions. They also come without strings attached to the use of the money, so you can easily take cash out of a high performing building to reinvest in other ventures.
Program Parameters for LuniCorp Loans
- W-2 or self-employment verification
- Credit score at or above 600
- 65% LTV for office buildings, warehouses, and other commercial properties
- 70% LTV for 1-4 unit residential properties (non-owner occupied)
- 75% LTV for 5+ unit residential properties (non-owner occupied)
These loans are designed to let you put your money where you need it, when you need it, so that you control how each of your investments develops. When you need the tools to be able to make necessary improvements wherever they are needed, a cash-out refinance also works to control your risks by letting you finance the buildings with the highest and most stable incomes.
Contact Us
Contact a LuniCorp associate today to learn more about stated income commercial real estate loans or to start an application for your next loan. Our staff is standing by to help.