Make Your Property Value Work for You

Have you been recently turned down for a loan due to less than stellar credit? Do you want a loan that doesn’t require a mountain of paperwork? BizCom Loan can help you with a stated income commercial real estate loan, provided you own property that qualifies. Here is what we look for.

Qualifying For the Loan

Instead of requiring a perfect credit history, we look at the value of your property. If it can cover the mortgage, insurance on the loan and taxes, then you’re well on your way to a loan. There’s also the type of property, and we’ll look at just about anything, including:

  • Restaurants
  • Warehouses
  • Apartments
  • Real estate

Considering Loan-to-Value

When we calculate the value of your loan, we take a certain percentage of the property which depends on it’s size and type This is called the loan-to-value (LTV) ratio and we offer between 65% and 75% LTV on most properties. Here are some examples:

  • Up to 75% LTV for mixed use and multifamily properties of five or more units
  • Up to 70% LTV for non-owner occupied investment properties of one to four units
  • Up to 65% LTV for retail, storage, office and auto facilities

Other Loan Basics

At BizCom Loan, we strive to offer the best stated income commercial real estate loans on the market. That means offering you and your business a variety of benefits. These include:

  • Fixed rate amortized loans
  • Loan amounts as large as $500,000
  • Use funds for purchasing, refinancing and debt consolidation
  • Practically any property type welcome
  • Qualifying credit score as low as 600

The Time Is Right for a Loan

If you need a loan to fund your next big move, we’re here to help. Contact our office today to speak to an experienced financial advisor. You can get all your questions answered and, if you qualify, could be closing within the next two to three weeks.