The professionals at Coast to Coast Commercial Capital understand how important it is to have a suitable location for your business. We also understand that obtaining a prime location may present some financial obstacles. An alternative to traditional commercial loans, our stated income commercial real estate loans are designed to help you overcome those obstacles by focusing on the income producing capabilities of the property instead of the borrower’s credit history. As long as the income value of the property is capable of meeting the tax, mortgage and insurance obligations, most of these commercial real estate loans are approved.
A wide variety of business properties are eligible for this type of financing and include apartment buildings, office real estate, restaurants, retail real estate and warehouses to name a few.
Businesses use these loans for a number of purposes:
• Consolidating debts such as IRS arears, credit card balances and equipment leases
• Property improvements such as increased parking and structural repairs
• Purchasing property to expand an existing location or to build a new one
• Refinancing high interest rate loans or adjustable rate mortgages
• Working capital to cover costs such as utilities, payroll, inventory and other normal operating expenses.
For companies who may not qualify for traditional real estate loans, stated income commercial real estate loans provide the resources necessary to operate a successful business.
There is no time like the present to learn more about how Coast to Coast Commercial Capital can address your property financing needs. Contact one of our real estate finance specialists today for your free, no obligation consultation.