Even before the recession, and certainly after it, banks have been slow and difficult to work with as they are regulated by several layers of government. Our program is faster, and requires less documentation. You may not even need to produce tax returns for income verification. In this program we like non-owner occupied single-family homes, condos, or 2-4 unit dwellings. We can also do 5+ multifamily and mixed-use. Lastly, we will loan on other income producing properties like: office, retail, warehouse, self-storage, and automotive service (no gas stations).
Collateral Types
Income Producing- Multi-family, Retail, Commercial, Industrial, Warehouse, Storage, Non-owner occupied SFH
Lending Areas
Nationwide
Loan Amounts
$100k-5MM
Rate
7.99-9.99%
Term
30 Year Fully Amortizing
LTV
65-80 %* Depending upon deal and credit
Loan Fees
2%
Min Credit Score
650
Recourse
Full Personal
Notes
No Tax Return verification for stabilized properties. Loan is assumable at lender’s approval, with 1% fee. Minimum deferred maintenance and no construction.