stated-income-loans

Put Your Real Estate Property to Work

If you were recently turned down for a loan with a conventional bank or prefer to experience transactions without piles of unnecessary paperwork, then Third Bay Capital is here for you. We offer stated income commercial real estate loans that let your property work for you. Here is how it works.

Getting Your Property Qualified

Instead of focusing on your credit history, we will look at the value of the property in question. This piece of real estate must have enough value to cover its mortgage, taxes and insurance on the loan. Since we don’t need a lot of paperwork to make this determination, our stated income commercial real estate loans process quickly.

Reaping the Benefits

We are experienced lenders with the capability to provide stable loans for your business. Once you qualify, there are multiple benefits to receiving a stated income loan through Third Bay Capital. These benefits include:

  • Fixed rates
  • 25-years of amortization
  • Loan amounts as large as $500,000
  • Use the money for any business needs
  • Nearly all property types welcome

Computing Loan-to-Value

The loan-to-value ratio (LTV) for your stated income commercial real estate loan depends largely on its size and use. Certain properties are less risky to deal with and earn a higher LTV.  Here is an idea of how we determine this ratio.

  • Warehouses, self-storage facilities, offices and auto service locations can earn up to 65% LTV
  • Non-owner occupied investment properties with 1 to 4 units can earn up to 70% LTV
  • Mixed use and multifamily properties with 5 or more units can earn up to 75% LTV

Put Your Real Estate Property to Work Today

To get the most out of your real estate’s value, use it to gain a quality stated income loan. Our financial advisors and loan experts are available to walk you through the process. Within two to three weeks, you could be closing!