Commercial loans play a crucial role in the growth and success of businesses. One type of commercial loan that has gained popularity in recent years is the Stated Commercial Loan Debt Service Coverage Ratio (DSCR).
1 to 4 Family Investment
Stated Commercial Loans DSCR extends its support to investors looking to finance properties that fall under the 1 to 4 Family Investment category. This includes residential properties that are intended for investment purposes rather than personal use. Whether you’re considering a single-family home or a multi-unit property, Stated Commercial Loans DSCR can be a viable option.
Mixed-Use, 5+ Units, Warehouse, Office, Retail, Self-Storage, and Auto Repair
Expanding the scope of possibilities, Stated Commercial Loans DSCR covers a wide range of property types. From mixed-use buildings to warehouses, offices, retail spaces, self-storage facilities, and even auto repair shops, this loan option offers flexibility to entrepreneurs across various industries. Whether you’re a real estate investor or a business owner in need of a commercial space, Stated Commercial Loans DSCR can cater to your needs.
Credit Score Requirement
To qualify for a Stated Commercial Loan DSCR, a minimum credit score of 650 is required. This credit score acts as a measure of your financial responsibility and ability to repay the loan. We use credit scores to assess the risk associated with lending money, and a higher credit score generally increases your chances of approval. Therefore, it’s important to maintain a good credit score to access the benefits of Stated Commercial Loans DSCR.
Stated Commercial Loans DSCR provides a valuable financing option for investors and business owners looking to acquire or expand their commercial properties. With its coverage of various property types and a minimum credit score requirement of 650, this loan option offers flexibility and accessibility. If you’re considering venturing into the commercial real estate market or need a commercial space for your business, exploring Stated Commercial Loans DSCR could be a wise decision.
