Helping You Get the Most Out of Your Property
Businesses that need capital without mountains of paperwork or that have been refused for loans elsewhere can greatly benefit from a stated income commercial real estate loan. At Ikon Commercial Capital, we offer this program so you can fund your next real estate project.
General Terms and Information on Our Loan
We offer a variety of benefits to those who qualify for your stated income loans. These include:
- Fixed rates for 25 years of amortization
- Loan amounts as large as $500,000
- Credit score of 600 qualifies
- Multiple properties welcome
- Use funds how you need to
It also should be noted how we compute the loan-to-value ration for most properties. We offer LTV from 65% to 75% in the following ways:
- Up to 75% LTV for mixed-use and multifamily properties with five or more units
- Up to 70% LTV for investment properties, non-owner-occupied, with one to four units
- Up to 65% LTV for retail, office, auto service, warehouse and self-storage properties
Uses for the States Income Loan
When you deal in real estate, there are many practices which require capital to accomplish. With a stated income commercial real estate loan from Ikon Commercial Capital, you can fund projects including:
- Purchasing property
- Property improvements
- Building property
- Refinancing a lease
- Consolidating debt
How These Differ From Standard Loans
The piece of real estate in question is the important part of qualifying for a stated income commercial real estate loan, not the credit history of the borrower. If the value of this property can cover certain important costs, including the rent, taxes and insurance on the loan, then this loan can be approved much quicker.
Contact Us Today
Find out more about our stated commercial real estate programs by contacting our office. We can discuss what you need and provide you with all available options. Our swift turnaround time means you could be closing within two to three weeks.