RSA Funding is a nationwide commercial mortgage broker offering stated income commercial mortgage loans throughout the United States. Our stated income programs are perfect for the self employed or business owners. Highlights of the programs are:
Loan Amounts: $100,000 to $5,000,000. Property Types Include: 1-4 family residential investment, investment condos, multi-family, mixed use, retail, office, hotels and motels, warehouse, and more. ( If you property type is not listed please inquire). Ineligible Property Types Include: Raw land and gas stations. Loan to Value: Maximum can be up to 80% ltv ( depending on transaction type, property type, and credit score). Credit Score: 650 minimum ( but can be lower on a case by case basis). Rates: Fixed rates from 7%. Amortization over 25 to 30yrs. Fixed terms from 3 years up to 8 years. Prepay: Step down prepay depending on how long the fixed period is for. Closings: Generally closings can be in 3-4 weeks ( depending on how quickly the necessary documents are provided).
For more information contact: RSA Funding 34-3 Shunpike Dr. #223 Cromwell,Ct. 06416 855-475-FUND (3863)
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Stated Income Commercial Mortgage Loan. Stated income commercial mortgage loan. Closing in 2-3 weeks. Most commercial property types along with residential investment property (1-4 family). Loan to values up to 80% (restrictions apply). For more information on a stated income commercial mortgage loan contact RSA Funding at 855-475-FUND(3863). http://www.rsafunding.com Watch more Videos on youtube here>> https://www.youtube.com/channel/UCqSjpC9fSYKwDFIFSaHtqtA/ via https://rsafunding1.wordpress.com/2018/01/23/stated-income-commercial-mortgage-loan-2/ A stated income commercial mortgage loan may be the answer for investors that are looking to get cash out of their property.Many property investors and business owners want to get cash out of their properties for various reason, such as improving the building or money for a down payment for a new purchase.Unfortunately many investors don’t attempt to refinance their property for cash out for a numbers of reasons. The most common reason for the reluctance is that they believe the transaction will take too long. A Stated income commercial mortgage loan can generally be closed in 2 to 3 weeks. Another thing that may inhibit people is a perception that too much paperwork is required. Depending on the situation, only an application, credit report, and bank statement may be required for your transaction. This is in stark contrast to a conventional or SBA loan which requires much more paperwork and may take 2-3 months to close. Many others believe that the interest rates for a stated income commercial mortgage loan will be very high. While the interest rates will be slightly higher than a conventional loan they will still be much lower than a bridge or hard money loan. A hard money or bridge loan will generally only have a one year term. A stated income loan can start at a 3 year term and in certain situations can be up to a full 30 year fixed term. For more information on a stated income commercial mortgage loan contact RSA Funding today at 855-475 FUND (3863) or at http://www.rsafunding.com
Contact Info: Rob Shea RSA Funding 34-3 Shunpike Rd. #223 Cromwell,Ct. 061416 855-475-FUND (3863)
The post Stated Income Commercial Mortgage Loan appeared first on RSA Funding. From http://rsafunding.com/stated-income-commercial-mortgage-loan/ via https://rsafunding1.wordpress.com/2018/01/23/stated-income-commercial-mortgage-loan/ Stated Income Commercial Mortgage Loans Stated income commercial mortgage loans. Closings in 2-3 weeks. Most commercial property types along with residential investment property (1-4 family). Loan to values up to 80%. For more information on stated income commercial mortgage loans contact RSA Funding at 855-475-FUND(3863). http://www.rsafunding.com Watch more Videos on youtube here>> https://www.youtube.com/channel/UCqSjpC9fSYKwDFIFSaHtqtA/ via https://rsafunding1.wordpress.com/2017/11/22/stated-income-commercial-mortgage-loans-5/ Many business owners and property investors are now choosing stated income commercial mortgage loans to finance their properties. There are many reasons for this. One of the main reasons is that most business owners and commercial property owners write off all or most of their income . This makes it very difficult to qualify for a conventional type of loan with a bank. In the past the only option was a hard money or bridge loan. Obviously the rates and short length of term for these loans are very prohibitive. Now investors can use a stated income commercial mortgage loan to buy or refinance a property with a longer term than a bridge loan. Rates will fall between a conventional bank loan and a hard money or bridge loan. Another advantage of stated income commercial mortgage loans are that unlike a bank loan they can be closed in 2-3 weeks. They only require a minimum amount of paperwork as no tax returns are required. Property types include ( but are not limited to) 1-4 family non-owner, multi-family 5+units, retail, office, hotel, mobile home parks, and warehouses. Loan to values are generally up to 75% ( possibly up to 80% depending on credit, property type, and transaction type). For more information about stated income commercial mortgage loans contact RSA Funding at 855-475-FUND(3863) or http://www.rsafunding.com
RSA Funding Rob Shea 855-475-3863 The post Stated Income Commercial Mortgage Loans appeared first on RSA Funding. From http://rsafunding.com/stated-income-commercial-mortgage-loans-2/ via https://rsafunding1.wordpress.com/2017/11/22/stated-income-commercial-mortgage-loans-4/ Stated income commercial loans may work for you if you’ve tried to purchase or refinance a commercial or investment property, but have been turned down by a bank.One major reason for a bank turn down may be because you don’t show enough income. This happens frequently to many business owners or other self employed people. RSA Funding is a nationwide commercial mortgage broker and through our wholesale channels we are now able to offer stated income commercial loans for commercial and residential investment property (1-4 family). Closings are usually within two to three weeks because only limited documentation is required. Loan to values can be up to 80%. Maximum loan to values will depend on property type and your credit score. Property types include ( but are not limited to) 1 to 4 family non owner occupied, 5+unit multi family, apartment buildings, retail, office, mixed use, and warehouses. For more information on stated income commercial loans contact RSA Funding at 855-475-FUND or www.rsafunding.comRSA Funding
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