Stated income commercial real estate loans give Miami, FL investors an alternative to traditional bank loans for purchasing or refinancing properties. In order to access this financial option, Wellspring Commercial Capital assesses a property’s ability to generate income, as opposed to the borrower’s financial history. If a specific property’s income can cover tax, insurance, and mortgage expenses, there is a very high probability of approval for stated income loans for Miami, FL transactions. Because of this, many Miami, FL commercial real estate investors seeking quick financial support, or solutions that sidestep credit histories, prefer stated income financing.
Details About Our Loan Programs
At Wellspring Commercial Capital, we finance the following properties in Miami, FL:
- Apartment buildings and multifamily residences
- Office space
- Food and bar establishments
We offer our valued customers and partners soft money commercial loans for amounts up to $500,000, and we are happy to work with most commercial property types. Closings on these loans can take place in as little as three weeks, and we can offer terms up to 25 years with full amortization and fixed rates.
Using Stated Income in Miami, FL
Stated income loans have a variety of uses, and can fit a number of specific needs for your commercial real estate enterprise. For example, you can dedicate funding to:
- Purchase real estate: Move into that ideal investment and reap the benefits of owner-occupied properties
- Debt consolidation: Save thousands of dollars every month by consolidating all of your loans into one low monthly payment.
- Working capital: Use our loan products to cover operating expenses as your receivables mature, or purchase much needed inventory
- Refinance: Wellspring Commercial Capital offers 25-year terms with fixed rates, allowing you to get rid of your high rate or balloon mortgage payments
- Improve and expand: Growth and innovation are key metrics for a healthy business with longevity. Leverage our financing solutions to ensure your staying power.
Call Us Today
If you would like to learn more about our stated income commercial real estate financing options, contact our team of professionals today. We will be happy to answer all of your questions and help you find the right financial program for you needs.