VP Capital Lending
If you are trying to purchase, renovate or refinance a commercial real estate property, you may find that it is difficult to get a loan. Perhaps you have less than perfect credit or multiple current mortgages. Additionally, you may find that the conventional loan process is slow. VP Capital Lending can help with a stated income commercial real estate loan.
A decade before, stated income loans were the housing loans that did not require regular income documentation. Stated income lenders looked for a borrower’s stated income, named ‘Stated Income Loans.’ This risky loan proved as a nightmare. In the 2008 housing market collapse, stated income loans held the major contribution. As a result, the banks stopped issuing the stated loans.
