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To get stated income apartment loans, you don’t need personal or business tax returns, personal financial statements, and has no monthly or annual reporting requirements. Stated income apartment loans provide competitive financing to borrowers requiring a reduced document or stated income option for the refinancing requirements. Don’t look for anywhere else than ALB Commercial Capital if you want flexible stated income apartment loans quickly. Call on 800-510-2214 and schedule a meeting with our experienced loan advisers to help you personally. http://albcommercialcapital.com/
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Stated Income Apartment Loans for Real Estate Investments on Property Dealings Stated Income Apartment Loans
Stated Income Apartment Loans for Real Estate Investments on Property Dealings ALB Commercial Capital is pleased to offer the stated income apartment loans, available on many of our investment properties. The stated income apartment loan programs are available on 1-4 unit properties with just a minimum mid score of 650. You can get up to 70% loan-to-value with absolutely no personal income verification. ALB Commercial Capital offer this as a more cost-effective financing solution vs. traditional hard money with terms and rates closer to those of institutional lenders. This is a great opportunity for real estate investors who are self-employed, have below average credit or have other personal situations that prevent them from qualifying for more traditional loan products. Stated income apartment loans allow those investors who are self-employed or don’t have documentation of earned wages to state or wage on the mortgage application and qualify for a mortgage based on that stated income.
Who Can Benefit Most from Stated Income Apartment Loans? The advantages of a stated income apartment loan are for those who qualify with a mortgage based on their stated income. The borrower doesn’t need to verify income and approval is generally faster than with a traditional mortgage loan. The disadvantages of this type of loan are that interest rates are usually a little higher and the required down-payments are often higher than with traditional mortgage loans.
Learn More on How Stated Income Apartment Loan Program Can Help You Apartment Mortgage: Use the appraisal rents to determine income and forget about providing your trusty tax returns. Commercial Mortgage: Stated income apartment loans require fewer documents and offer greater underwriting flexibility. Underwriting: With a greater risk tolerance, not based on bank savings or depository reserves, allows us to avoid the many limiting banking covenants placed on traditional commercial lending. Due to this fact, we approve as well as close stated income apartment loans that banking institutions have historically turned down. ALB Commercial Capital works with the only real true small balance. We have been pleased to make loans as low as possible. Please take a few moments to calculate your mortgage value and drop us a message or call for stated income apartment loans. Our specialist will discuss how we can help further! ALB Commercial Capital specializes in apartment building as well as other types of small balance business mortgages. We will consider offering mortgages up to 70% LTV. Experience the owner, length of ownership, cash flow, strength of credit and strength of real estate determine final LTV’s and rates. ALB Commercial Capital will consider both owner occupied and investment properties when it comes to small balance stated income apartment building loans.
To know more about our stated income apartment loan program, visit here: https://bit.ly/2CZ0UJ6 ALB Commercial Capital Address :2476 Lake Ave. Altadena, CA 91001 USA Office: (626) 296-7777 Toll-Free: (800) 510-2214 Fax: (626) 296-7771 Email: info@albcommercialcapital.com Website: www.albcommercialcapital.com
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