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Home : Commercial Lending : Commercial stated loans. Who uses them and why. We do loans the banks wont. Commercial Financing
Commercial stated loans. Who uses them and why. We do loans the banks wont. Commercial FinancingIn commercial financing stated income loans are more popular than you know. Unlike residential were the majority of the loan approval is based on the individuals ability to pay, in commercial lending the risk can be shifted to only focus on the property. This stated income loan is secured largely on the property with no hidden surprises, the people that rely on this loan understand that it is a short term loan that often results in refinancing into a more fixed product.
Reasons for using this approach many times is used to access capital for remodeling, expanding or paying off existing liens on the property. The value of a property is accessed largely on the ability of the property to produce income to pay the service charge.(mortgage payment) Even though the recent residential situation is blamed on this kind of loan, the need for this product in commercial lending has and will always be needed. Most conventional banks and lenders will not do this kind of loan simply because they have other things to consider. We work with nationwide lenders that do nothing but commercial financing and that allows them to understand the need better. Unusual Commercial Loans providing commercial financing for over 15 yrs. 916-773-3975 WWW.UNUSUALCOMMERCIALLOANS.COM http://www.unusualcommercialloans.com Are you a residential broker we can co-broker. we take your client form start to finish. http://activerain.com/blogsview/559231/Commercial-stated-loans-Who 40 times read
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