Stated Income Loans
Move beyond the rigid structure of traditional loans.
Stated income is based on cash flow of your properties or business activities. With a simple formula for approval, these are a great option for many owner operators, property investors and small business owners.
Simplify Applications
With a simple formula you avoid the complexities of other types of loan. Acquire investment property or utilize receivables to accelerate cash flow.
Leverage Revenue Streams
Businesses with receivables are able to take a draw on owed funds for immediate business purposes. Capitalize on immediate opportunity.
Reduce the Impact of Credit Scores
With Stated Income, your financing is based on the cash flow and value of your assets. That differs from other lending types which are based primarily on applicant credit score.
Stated Income Loans: A Simple Alternative
Even with good credit, applying for a traditional loan can be a long and difficult process. Revenue Park offers stated income commercial real estate loans, a simple alternative that can help you build capital and reshape your business faster.
Years Experience
Years Experience
How to Qualify
Applying for a traditional loan involves submitting documentation of your level of income and credit history. For stated income loans, however, the only important number is the value of the property in question. In order to qualify for a stated income loan, the property’s value must be able to cover the amount of the mortgage, insurance costs and property taxes. This streamlined application process means that with less paperwork, you can be approved and have access to the funds you need more quickly.
What to Know Before You Apply
When considering applying for a stated income loan, here are a few things you should know:
- High Loan Amounts: You could qualify for a loan of up to $500,000.
- Fixed Rates: Interest rates are fixed for 25-year terms.
- Low Credit Score: Applicants can qualify with a credit score as low as 600.
- Flexible Property Types: Almost any property type can qualify.
Additionally, we offer loan-to-value rates depending on property type:
- 65% LTV for retail, warehouse and office properties.
- 70% LTV for non-owner occupied properties between 1 and 4 units.
- 75% LTV for multifamily/mixed-use properties with 5 or more units.
Stated income loans can give you the capital you need to revitalize your business. Our loans can be used for a variety of different business needs, including purchasing, renovating or refinancing a property. Stated income loans are also a great option for debt consolidation or building capital in order to expand your real estate business.
Contact us today to find out if a stated income commercial real estate loan is the right move for your business. Qualifying borrowers can have access to funds in as little as two or three weeks!
years of combined industry experience.
years of combined industry experience.
The Benefits
Financing receivables in a sensible alternative to traditional loans, especially if your company is a startup, in bankruptcy or otherwise struggling financially. We base our decisions on your customers’ credit instead of your own, meaning past credit difficulties do not have to stand in the way of funding. If approved you are free to spend the money in any way your company needs, including on:
- Expansion costs
- Inventory
- Operating expenses
- Bulk discounts
- Payroll
- Early payments
Your funding limits increase as your sales increase, giving you a flexible source of working capital. Additionally, you are free from the stress of loan board decisions. Other benefits of our accounts receivable financing program include:
- No-cost credit insurance on your clients and customers
- Cash within 24 hours
- No recourse or personal guarantees
- No fixed payments