Day: July 5, 2017

Medical Office Building Financing News + More: Volvo: Gas-only cars are history after 2019 + MORE 07/05/2017

Commercial Real Estate Financing – Click Now!

Stated Income Options Available

Call BRT Financial @ 904-551-6090

Special Purpose Properties!

It is becoming increasingly difficult to get commercial loans for special purpose properties. Properties that do not fall in the categories of apartments or retail/office buildings are often placed in this special purpose classification. This means that business acquisition loans for commercial properties such as restaurants/bars and auto service businesses are frequently hard to find. Commercial financing will be even more difficult to locate for such specialized properties as churches, funeral homes, nursing homes and assisted living facilities.

Commercial Real Estate Financing News + More: Volvo: Gas-only cars are history after 2019 + MORE 07/05/2017

Health-Care Office Building Financing – More Info Here!

Stated Income Loan Programs

Call BRT Financial @ 904-551-6090

Tax Returns versus Stated Income!

Most traditional banks will require several years of tax returns in order to qualify for a commercial real estate loan. The alternative is to use a Stated Income lender that does not verify personal income or assets. Many borrowers will simply not qualify for a commercial mortgage loan if tax returns are used due to high business expenses (and low net income). Many lenders using tax returns will also continue to verify income after the loan closes. Stated Income lenders will not engage in this practice.