Blackwater Capital Funding Can Provide Financing Based on the Value of Your Property
If you want to avoid the typical mountain of paperwork that accompanies most traditional loans or have recently been turned down for a loan due to your credit history, then Blackwater Capital Funding can help. We offer stated income commercial real estate loans that capitalize on the value of your existing property. Here is a look at how they work.
The use of your property impacts the value of your loan in certain ways. The size and number of units are also factors. Here are the details.
- Up to 65% LTV for self-storage, retail, warehouse, auto service and office properties
- Up to 70% LTV for one to four unit non-owner-occupied investment properties
- Up to 75% LTV for mixed use and multifamily properties of five or more units
Our Competitive Terms
At Blackwater Capital Funding we offer terms and rates that beat out the competitions. We do everything possible to process your loan quickly and get you the funding you need for whatever plans your business has. If you need to purchase, build, renovate or refinance your property, here are some of the benefits you can acquire.
- Loans amounts as large as $500,000
- Fixed rates for 25 years
- Qualifying credit score as low as 600
- Nearly all property types welcomed
- Minimal documentation required
How These Loans Differ From Traditional Loans
Stated income commercial real estate loans require less credit background information than traditional loans. When we being processing your application, we look at the value of the building. Your building needs to have enough value to cover costs such as loan insurance, monthly mortgage payments and taxes. We work with warehouses, real estate, restaurants and a variety of other building types.
We Want to Work With You!
Contact our office today to speak to a financial expert. We can answer all your questions and get you started on an application right away.