No Income Verification & Other Essential Components of Commercial Investment Property Financing

15 Jan No Income Verification & Other Essential Components of Commercial Investment Property Financing

Investors purchase commercial properties for many reasons. Sometimes, it’s part of how they plan to operate their own business. In other situations, they want to rent to another tenant to build a viable revenue stream for themselves.

Regardless of the reason, commercial investment property financing terms can vary wildly from one provider to the next, which is why there are a few important elements you should be aware of before you begin this process.

What Does “No Income Verification” Mean?

As a financing term, “no income verification” is precisely what it sounds like – a process that requires nothing in the way of supporting documentation to verify that a loan applicant makes as much as they say they do.

The key to this approach is that it allows providers to offer more flexible lending solutions than their competitors. This is true not only in terms of both small and large loans but also makes available options like cash-out refinancing as well. All of this helps to give more freedom to commercial property investors, which allows them to expand their portfolios in the most effective way possible. Note that not all providers offer no income verification as an option.

This extends to certain documentation requirements that more traditional lenders may have. Case in point: tax returns. Income tax returns are typically used to verify someone’s income, as well as other aspects of their overall employment status. By offering asset-based loans, providers are in a better position to help investors finance projects of all shapes and sizes – allowing them to expand their portfolios in a way that makes the most sense given their situation.

Additional Considerations About Commercial Investment Property Financing

One of the most important things to understand about all of these concepts is that they are not universal – meaning that some institutions may require you to provide reams of documentation before they’re willing to decide one way or the other whether to give you a loan.

Indeed, that’s what separates the team at CCIG apart from so many others. By offering no income verification loan programs and by embracing a simple documentation process, we’re able to offer the types of loans that many traditional banks, credit unions, and other lenders simply cannot. This translates to speedy closings, exceptional customer service, and a level of personalized care and attention to detail that is second to none – precisely the way it should be.

In the end, it’s important to acknowledge that commercial investment property financing doesn’t have to be nearly as complicated as certain organizations seem to want to make it. With minimal effort, and with the right partner by your side, you can be well on your way to achieving all of your long-term goals in the industry and more.

If you’d like to find out more information about commercial investment property financing, or if you have any additional questions that you’d like to go over with someone in a bit more detail, please don’t delay – contact the team at Commercial Capital Investor Group today.