Get More Out of Your Real Estate Portfolio
If your business is property investment, you already know your financing plays a huge role in your bottom line. Matching the right product to each purchase ensures your costs are met and you’re profitable without having to worry about your cash flow cycle. What happens when your portfolio gets big enough that you need financing capable of acknowledging the needs of multi-property management? What do you do when you want to use the equity in one property to pay for improvements to another? That’s when the stated income commercial real estate loan is the ideal choice for your next loan.
How Stated Income Loans Work
Since stated income loans are not linked to an asset purchase by nature, the money you get from refinancing with one can be used as cash. Cash-out refinancing allows you to take a loan based on the income of a very successful or very large property and use it to purchase new properties or upgrade ones in your portfolio that are not currently maximizing their niche in the market. You can even take stated income loans against multiple properties to pay for a new one. This spreads your risk, allowing proven earners to take on the burden of repayment while you take advantage of new opportunities.
Hopp Commercial Funding Program Parameters
Our stated income commercial real estate loans are designed to be powerful enough for experienced property managers while also being friendly for first-timers.
- Loans up to $5 million
- Credit score of 600 or better to qualify
- W-2 or self-employment verification
- Up to 75 percent LTV for apartment buildings
- Up to 70 percent LTV for 1-4 family dwellings
- Up to 65 percent for commercial properties
- Competitive rates
- Move equity between properties easily
For more information about the program or help applying for your own stated income loan, contact our team today. They’re ready to help you find the right financing for your current needs.