Oct 16, 2020 | Stated Income Commercial Loans
Has your small business been denied a loan before? Cash flow for equipment, office space, training, and other vital resources can be low for small businesses like yours. When loans rely on liquidity or income tax returns, you simply may not qualify. There’s an easy,...
Sep 11, 2019 | Stated Income Commercial Loans, Success Stories
A dentist in the Chicago suburbs had a lot of higher interest / short amortization debt that was killing her bottom line. Most of it was equipment leases that are usually at a rate of 15-20% APR or more for 5 years. It makes the payment quite high because of these two...
Jul 11, 2019 | Stated Income Commercial Loans, Success Stories
My client had a property she purchased originally with a construction loan to tear down and build a 4 story condo building. Well, that was in 2007 and you know what happened in 2008. The bank reluctantly converted it into a long-term note but really didn’t want it on...
Apr 11, 2019 | Stated Income Commercial Loans, Success Stories
In 2015 this gun store opened in the western suburbs in a building that the owner was able to secure with a contract for deed (land contract) with a local community bank. This building was a real estate office and had been vacant for many years. The bank was happy to...
Feb 11, 2019 | Stated Income Commercial Loans, Success Stories
My client needed $375K to pay off the seller note for the property his bar was located in before the owner sold it out from under him. He also needed about $165K to re-do the roof and add a beer garden. However, as you know all, banks ask for tax returns to verify...
Jan 11, 2019 | Stated Income Commercial Loans, Success Stories
Our client had been renting space for his auto mechanic shop for 12 years and decided that 12 years was long enough! The location is considered a hot spot and he wanted to purchase the building before the landlord sold it to developers. The only issue, where to get...
