Simplify Income-Based Loan Access

Stated Income Commercial Lending Programs 

Do you need to finance your business but don't have the time or resources to go through the traditional loan process? Global Capital Funding is here to help. Through our stated income commercial loan program, we provide fast and flexible financing solutions so you can unlock your potential.

• No paperwork required, these programs make it easy to access the funds you need without any hassle. Plus, with competitive lending rates and flexible payment options, they provide a great way to finance your business quickly and affordably. Examples of Stated Income

Commercial Loans: Fixed Rate Stated Income Commercial Loan Adjustable Rate Stated Income Commercial Loans. 

The Commercial Stated Income Loan Program is a great option if you want to skip the hassle of submitting tax returns, financial statements, and other reporting requirements. It's important to note, however, that the property must generate enough income in order for it to be approved, with a minimum DSCR of 1.25x. Landlords must use rent appraisals to assess whether their tenant's income meets their criteria. A detailed rent roll and income & expense statements must be provided for evaluation.

When it comes to filing income taxes, there is no need to worry. Neither personal nor business returns are necessary. However, personal financial statements must be provided. Those looking for a long-term commitment can benefit from up to ten-year fixed interest rates with no balloon or call options. Good credit borrowers can even take advantage of up to 90% financing on properties that are in good condition. Additionally, the fee structure is minimal, and there are no lender points available either.

Key Loan Parameters

Minimum Loan Amount: $250,000

Maximum Loan Amount: $50,000,000

Maximum Loan-to-Value (LTV): 90% for standard properties

Qualifying Criteria

Credit Score: A minimum credit score of 600 is required to qualify, ensuring that borrowers have a healthy financial background.

Occupancy Rate: Properties must maintain an occupancy rate of at least 75% to be considered viable for this loan program.

Prepayment Penalty: Be aware that there may be prepayment penalties; understanding these terms is crucial before commitment.

Interest Rates and Terms

Interest Rates: Starting at 8.99%, these fixed rates provide stability over the long term.

Loan Terms: Fully amortized over 30 years, allowing for predictable monthly payments.

This comprehensive overview ensures that you have all the necessary information at your fingertips, helping you make informed decisions about your investment opportunities.

• When it comes to filing income taxes, there is no need to worry. Neither personal nor business returns are necessary. However, personal financial statements must be provided. Those looking for a long-term commitment can benefit from up to ten year fixed interest rates with no balloon or call options.
• Stated Income Commercial Loans provide competitive commercial financing for borrowers requiring a reduced document or stated income option for the Stated Income Commercial Acquisition or refinancing of commercial property. Stated Income does not require personal or business tax returns. 
• Our team is always ready to answer any questions or concerns you might have about our Stated Income Commercial Loans financing services. Our knowledgeable staff will always be there to guide you through every step of the process.

Good credit borrowers can even take advantage of up to 90% financing on properties that are in good condition. Additionally, the fee structure is minimal and there are no lender points available either.

For those seeking stability in their investment, our offerings include 30-year fixed rates. This ensures your financing costs remain consistent over time, providing the predictability and security you need, regardless of market fluctuations. With an interest rate starting at 8.99%, you can plan for the future with confidence.

Key Features of Our Loans:

30-Year Fixed Rate Term: Enjoy the peace of mind that comes with knowing your rate won't change.

Fully Amortized Payments: Pay off both the principal and interest over the life of the loan, making budgeting straightforward.

Minimal Fees and No Lender Points: Focus on your investment without worrying about hidden costs.

This combination of competitive rates and favorable terms makes our loans a compelling choice for savvy investors looking to maximize their returns.

1. What kind of predictability does the loan offer?

The loan provides stability and predictability, allowing consistent financial planning regardless of market changes.

2. Is the loan fully amortized?

Yes, the loan is fully amortized, meaning each payment covers both principal and interest.

3. What type of interest rate is offered?

The interest rate is fixed, ensuring it doesn't change over the loan period.

4. What is the loan term?

The loan term is 30 years.

5. What is the interest rate?

The interest rate starts at 8.99%.

Understanding the Funding and Closing Process for Commercial Stated Income Loans

Navigating the funding and closing process for commercial stated income loans doesn't have to be daunting. Here's a streamlined overview of what to expect.

1. Initial Pre-Qualification
Begin by determining eligibility for a Commercial Stated Income Loan. This preliminary step is quick and straightforward, often achievable online within minutes without exposing sensitive information. The focus primarily rests on the property, ensuring the initial stages remain convenient and secure.

2. Securing Loan Approval
Upon pre-qualification, you'll receive a detailed loan offer along with an application form. Completing and electronically signing the application grants you access to a secure portal. Here, you can upload necessary documents to facilitate the pre-underwriting and approval of your loan. This ensures a smooth transition into the appraisal stage.

3. Property Appraisal Phase
Once your loan approval is in place, the property's appraisal is next. During this period, proactive steps are taken to prepare the loan for funding. Tasks such as clearing final conditions—like updates to the property insurance policy—are completed to ensure readiness for the final stage.

4. Closing and Funding
The culmination of the process is the closing day. This important occasion is made as hassle-free as possible. You choose a convenient date, time, and location, and a settlement agent from a reputable closing attorney or title company will meet you to finalize the paperwork. Your loan advisor remains accessible to address any last-minute queries, ensuring your funding process concludes smoothly.

By breaking down the process into these manageable steps, borrowers can confidently navigate their commercial loan journey, from pre-qualification to funding, with ease.

Understanding the Features of a 30-Year Fixed Rate Loan

A 30-year fixed rate loan offers several key features that appeal to both individual and commercial borrowers seeking long-term financial stability.

• Consistent Monthly Payments: One of the most attractive aspects is the fixed interest rate. This means your monthly payments remain the same throughout the entire loan term. It brings predictability to your budgeting, as you'll know exactly how much you need to pay every month, regardless of economic fluctuations.
• Long-Term Planning: With a 30-year loan term, you can spread out payments over a longer period, resulting in lower monthly payments compared to shorter-term loans. This can help manage cash flow better, especially in commercial investments or personal finance management.
• Protection Against Interest Rate Increases: Having a fixed rate shields you from potential rises in interest rates over time. This is particularly advantageous if you lock in your rate when the market rates are low, offering peace of mind against future financial market volatility.
• Equity Building: As you consistently make payments over time, you'll gradually build equity in your property or asset. This long-term financial commitment can also enhance credit scores and provide potential tax benefits.

A 30-year fixed rate loan is ideal for those who value stability and predictability in their financial commitments, allowing for a secure financial strategy that supports both present needs and future planning.

How to Obtain a Quick Quote for a Stated Income Loan

If you're looking to secure a stated income loan for your commercial needs, obtaining a quick quote is simpler than you might think. Here's a step-by-step guide to get started:

Fill Out the Application Form: Begin by completing the application. Ensure you fill out all required fields. While certain basic information is needed, rest assured that no sensitive details are required initially.

Provide Accurate Information: It's crucial to answer each question accurately. The information you provide will play a significant role in determining your loan's pricing and terms.

Receive Your Quick Quote: Once you've submitted the form, you'll quickly receive an initial loan quote. This will give you a clear idea of potential loan conditions without any obligation.

Tips for Ensuring Accurate Loan Pricing:

Review Your Financial Details: Double-check your income and other relevant financial figures before submitting.
Clarify Any Queries: Contact support if you're unsure about any questions. Accurate responses will lead to more precise quotes.

Following these steps ensures you get a swift and accurate loan quote, bringing you one step closer to your financial goals.

Understanding the Pre-Qualification Process for a Commercial Stated Income Loan

Curious about how to get started with a commercial stated income loan? The journey begins with a streamlined pre-qualification process designed to quickly assess your eligibility. Here's how it works:

Initial Assessment: The focus is primarily on the property's potential rather than personal financial details. This ensures that your application is evaluated based on the property's income-generating capability.

Fast and Convenient: You can complete the initial pre-qualification in just a few minutes online. This step requires no sensitive personal information, making it secure and user-friendly.

Expert Guidance Available: For those who prefer a more personalized approach, you can connect directly with a loan advisor. Discuss your specific scenario and get professional guidance tailored to your needs.

By following these steps, you can determine your eligibility for a commercial stated income loan quickly and efficiently, allowing you to move forward with your investment plans with confidence.

What are the minimum and maximum loan amounts available?

When considering loan options, it's essential to know the range of amounts available. Here's the breakdown:

Minimum Loan Amount: You can start with a loan as low as $250,000. This option is particularly suited for those looking to fund smaller projects or needing an initial lower capital investment.

Maximum Loan Amount: At the high end, you can secure loans of up to $6,000,000. This higher limit is ideal for large-scale projects or significant business expansions requiring substantial financial backing.

These flexible options cater to diverse financial needs, ensuring that both modest and ambitious ventures have access to the necessary funds.

Understanding Prepayment Penalties

When considering a loan, it's crucial to know whether you can pay it off early without any extra fees. Some loans may include a prepayment penalty, which is a fee charged if you repay your loan before the end of the agreed term.

Is there a prepayment penalty associated with these loans?

Yes, certain loans do come with a prepayment penalty. This means if you choose to pay off your loan earlier than scheduled, you might incur additional charges. The penalty can vary depending on the lender and the specific terms of the loan.

Typical Terms You Might Encounter:

Interest Rates: Expect rates starting around 8.99% or higher.
Assessment of Penalties: Not all loans have these penalties, so it's important to read your loan agreement thoroughly.

Negotiation Possibilities: In some cases, you might negotiate terms to reduce or eliminate prepayment penalties.

By understanding these aspects, you can make a more informed decision and potentially save money in the long run. Be sure to compare different lenders and carefully review all loan documents before proceeding.

Available States for the Stated Income Loan Program

Wondering where you can access the stated income loan program? Here is a comprehensive list of states offering this flexible financial solution:

• Alabama
• Arkansas
• Colorado
• Connecticut
• Delaware
• Florida
• Georgia
• Indiana
• Illinois
• Kansas
• Kentucky
• Louisiana
• Maine
• Maryland
• Massachusetts
• Michigan
• Mississippi
• Missouri
• New Hampshire
• New Jersey
• New Mexico
• New York
• North Carolina
• Ohio
• Oklahoma
• Pennsylvania
• Rhode Island
• South Carolina
• Tennessee
• Texas
• Virginia
• Washington
• Washington, D.C.
• West Virginia
• Wisconsin

This program can facilitate access to loans without the typical documentation required for income verification, providing a streamlined option for eligible borrowers.

What Happens During the Funding Stage of the Appraisal Process?

Landlords must use rent appraisals to assess whether their tenant's income meets their criteria. A detailed rent roll and income & expense statements must be provided for evaluation.

Once the rent appraisal process begins, it's crucial to understand the dynamics involved. While landlords evaluate the financial documents, they also focus on parallel tasks to ensure a smooth leasing process. This includes verifying the tenant's references and finalizing any necessary lease agreements.

During this stage, landlords work diligently to clear any final conditions that might affect the tenancy, such as updating property insurance policies or addressing maintenance concerns. These actions not only protect the landlord's investment but also contribute to a more stable and reliable rental arrangement.

By utilizing this time effectively, landlords can streamline the tenant approval process, ensuring that all necessary conditions are met and that the property is ready for occupancy as soon as the appraisal is complete.

1. Is there concurrent work being done during the appraisal stage?

Yes, concurrent work involves preparing the loan for funding and ensuring all conditions are met to facilitate a smooth funding process.

2. What activities are conducted during the appraisal stage?

During this stage, efforts are made to resolve any outstanding conditions, such as updating the property's insurance policy, while awaiting the appraisal report.

3. What is the purpose of the appraisal stage?

The appraisal stage is crucial for assessing the value of the property, which influences the final loan terms and ensures the loan amount is appropriate.

4. What happens after loan approval?

After loan approval, the focus shifts to conducting a property appraisal to determine the property's value.

Understanding Occupancy Rate Requirements

When diving into real estate investment loans, understanding the occupancy rate requirements is crucial. Here's what you need to know:

Definition of Occupancy Rate: The occupancy rate, expressed as a percentage, measures the proportion of rented or used space in a property compared to the total available space. It is a key indicator of how successfully a property is leased or utilized.

Loan Approval Criteria: Lenders typically have specific occupancy rate thresholds that a property must meet to qualify for a loan. A higher occupancy rate often translates to greater loan approval success, as it demonstrates the property's ability to generate revenue and sustain debt payments.

Typical Requirements: Although requirements vary, many lenders prefer occupancy rates to be around 85-95% for residential properties. However, commercial properties might have different benchmarks based on their location and intended use.

Impact on Interest Rates and Conditions: Properties with lower occupancy rates might face higher interest rates or more stringent loan conditions. Lenders view these as higher-risk investments compared to fully occupied properties.

Improving Occupancy Rates: To meet or exceed these requirements, consider enhancing property appeal through renovations, competitive pricing, or offering tenant incentives. Improving management practices can also boost tenant satisfaction, reducing turnover and vacancy rates.

Understanding these requirements is essential for navigating the complexities of real estate financing and securing favorable loan terms.

Does Pre-Approval Impact Your Credit Score?

When you're considering a loan or credit card, the idea of getting pre-approved can be appealing. But how does it affect your credit score? Here's what you need to know:

Soft Inquiry vs. Hard Inquiry

Soft Inquiry: Pre-approval typically involves a soft credit check. This type of inquiry doesn't affect your credit score. Companies use it to assess your creditworthiness without delving too deep. It's similar to when you check your own score or when a company offers you a promotional rate.

Hard Inquiry: Once you decide to move forward with a formal application, a hard inquiry takes place. This can cause a slight dip in your credit score, but it's generally temporary. Hard inquiries are deeper dives into your credit report and occur with applications for new credit.

Why Soft Inquiries Matter

They provide potential lenders a glance at your financial behavior.

They help you understand the types of credit or loan offers you're eligible for without any immediate impact on your score.

How to Use Pre-Approvals Wisely

Shop Around: Feel free to seek multiple pre-approvals. Since they don’t impact your score, you can compare offers to find the best rates and terms.

Limit Hard Inquiries: Aim to limit the number of hard inquiries by only formally applying for the credit or loans you genuinely intend to pursue.

Understanding the nuances between these inquiries helps you make informed decisions about your financial future.

Understanding the Pre-Qualification Process for a Commercial Stated Income Loan

Curious about how to get started with a commercial stated income loan? The journey begins with a streamlined pre-qualification process designed to quickly assess your eligibility. Here's how it works:

Initial Assessment: The focus is primarily on the property's potential rather than personal financial details. This ensures that your application is evaluated based on the property's income-generating capability.

Fast and Convenient: You can complete the initial pre-qualification in just a few minutes online. This step requires no sensitive personal information, making it secure and user-friendly.

Expert Guidance Available: For those who prefer a more personalized approach, you can connect directly with a loan advisor. Discuss your specific scenario and get professional guidance tailored to your needs.

By following these steps, you can determine your eligibility for a commercial stated income loan quickly and efficiently, allowing you to move forward with your investment plans with confidence.

Population Requirements for Property Eligibility

When assessing the eligibility of a property, it is crucial to meet specific population criteria. Here's a detailed breakdown:

• Municipality Size: The property must be situated in a municipality with a population of at least 25,000 people.
• Proximity to Larger Cities: If the municipality isn't that large, there's a secondary requirement. The property can still qualify if it's within a 25-mile radius of a city that has a minimum population of 100,000.

This approach ensures that properties are in areas likely to have the infrastructure and amenities that are typically associated with vibrant communities.

Understanding Prepayment Penalties

When considering a loan, it's crucial to know whether you can pay it off early without any extra fees. Some loans may include a prepayment penalty, which is a fee charged if you repay your loan before the end of the agreed term.

Is there a prepayment penalty associated with these loans?

Yes, certain loans do come with a prepayment penalty. This means if you choose to pay off your loan earlier than scheduled, you might incur additional charges. The penalty can vary depending on the lender and the specific terms of the loan.

Typical Terms You Might Encounter:

Interest Rates: Expect rates starting around 8.99% or higher.

Assessment of Penalties: Not all loans have these penalties, so it's important to read your loan agreement thoroughly.

Negotiation Possibilities: In some cases, you might negotiate terms to reduce or eliminate prepayment penalties.

Get in touch with us to find out more about our services and how you can use them to your advantage. You can also apply today and start enjoying the benefits right away!

Step-by-Step Guide to Our Loan Approval Process

1. Pre-Qualification
Begin your journey by discovering if you qualify for our specialized loan options. This quick assessment can be completed in just a few minutes online, focusing primarily on your property's details. No sensitive information is required at this stage.

2. Application and Initial Approval
Once pre-qualified, you'll receive a detailed quote along with a loan application. Complete and e-sign your application to gain access to our secure portal. Here, you can conveniently upload all the necessary documents for pre-underwriting and approval.

3. Property Appraisal
With your loan approval in hand, the next step is a property appraisal to ensure everything is in order. During this period, we work on clearing any remaining conditions, such as updating your property insurance policy, to keep the process moving smoothly.

4. Final Funding
The final step is as simple as it is exciting. Choose a convenient day, time, and location for closing, and a settlement agent will meet you with your closing package. Our advisors are available to answer any questions during this crucial stage, ensuring a seamless experience.

Apply today and let us guide you through each step of the process, making it as straightforward and beneficial as possible.

1. What happens during the time the appraisal is being completed?

While waiting for the appraisal report, we work to clear any remaining conditions, such as updating your property insurance, to ensure your loan is ready for funding.

2. What does the closing process entail?

The closing process is designed to be straightforward. You can choose a convenient time and place, and a settlement agent will meet you with your closing package. Your Loan Advisor will be available to assist with any last-minute queries.

3. What is the role of a Loan Advisor?

A Loan Advisor is available to discuss your specific scenario and provide assistance throughout the loan process. They are also on hand during the closing to address any questions you might have.

4. Is there an appraisal involved in the loan process?

Yes, a property appraisal is required after loan approval. This step is crucial for assessing the property's value as part of finalizing the loan process.

5. What happens after pre-qualification?

Once pre-qualified, you'll receive a detailed quote and your loan application. After you complete and e-sign the application, you'll gain access to a loan portal where you can submit all necessary documents for pre-underwriting and loan approval.

6. How do I know if I qualify for a loan?

You can quickly determine your eligibility for a Commercial Stated Income Loan by completing a simple pre-qualification process on our website. This step focuses on assessing the property and takes less than three minutes without needing sensitive information.

By understanding these aspects, you can make a more informed decision and potentially save money in the long run. Be sure to compare different lenders and carefully review all loan documents before proceeding.