Get Financing Based on Your Property’s Income
As a traditional commercial loan alternative, borrowers seeking to purchase or refinance commercial real estate are turning towards stated income commercial real estate loans. For this financial option, we at Wellspring Commercial Capital look closely at the property’s ability to generate income as opposed to the borrowers financial history. If the real estate’s income can provide for the estate’s taxes, insurance and mortgage, there is a high chance of approval. As a result, many borrowers seeking quick financial support or options that overlook rocky credit histories frequently prefer this financial option.
Details About Our Loan Programs
At Wellspring Commercial Capital, we frequently finance the following properties:
We offer our customers soft money commercial loans up to $500,000 and are happy to work with most commercial properties. Our closings take place in as little as 3 weeks and we can offer up to 25-year terms with fixed rates and full amortization.
Using Your Loan
You can use your loan in a number of ways depending on the individual needs of your enterprise. For example, you can put the financing towards: