Move Equity Throughout Your Portfolio With Ease
If you are in the business of property investment and management, you know that most commercial real estate loans aren’t built with your business model in mind. That’s because most loans are designed for companies that are either building to develop and sell or buying to occupy facilities. As an entrepreneur with income properties, you need something that’s focused less on resale and more on using the equity you have, to further your investment interests. That’s where a stated income commercial real estate loan can be exceptionally useful.
Using Stated Income Loans Effectively
Since these loans are based on the earning potential of your buildings, they can be used to pay off other debts and consolidate your loans, leaving you with more paid-off properties that can be refinanced to cover upgrades or new purchases. This lets you hedge your risks by providing you with the opportunity to use your high-earning investments to fund new ventures and improvements to old ones.
Paramex Capital Program Parameters
- Credit score of 600 or higher to qualify
- W-2 or self-employment verification
- Up to 65 percent LTV for warehouses and commercial spaces
- Up to 70 percent LTV for 1-4 unit residential properties
- Up to 75 percent LTV for apartment properties
- No owner-occupied properties
- Up to 25 year terms
Fund a Cash-Out Refinance When You Need It
Cash-out refinancing is the process that lets you move your working capital out of one building’s equity so you can put it to work, and that means you can use buildings that are performing to fund new ventures. It also means you can move money out of your property management business to diversify your overall investment portfolio. That makes this loan even more popular among investors looking to expand and diversify their holdings easily.
For more information, contact us today to talk to an associate. They can answer questions or help you start an application.